SEAK: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SEAK
Largest movements
- Financial fixed assets -€85,135
down €85,135 (-100%), from €85,135 to €0
- Receivables after one year +€81,000
new in 2025: €81,000
- Intangible fixed assets +€47,054
new in 2025: €47,054
- Tangible fixed assets -€22,450
down €22,450 (-4.3%), from €521,286 to €498,836
of which Land and buildings: -€22,450
- Cash +€13,045
up €13,045 (+5,543%), from €235 to €13,280
mainly Investment in fixed assets (net) (+€37,268) and Depreciation (+€23,263)
- Current portion of long-term debt -€25,060
down €25,060 (-100%), from €25,060 to €0
- Other debts +€21,568
up €21,568 (+15.4%), from €140,269 to €161,837
- Tax, wage and social debts +€15,947
up €15,947 (+315%), from €5,064 to €21,011
- Financial income +€2,430
new in 2025: €2,430
- Gross operating margin -€1,663
down €1,663 (-3.8%), from €44,137 to €42,474
- Other operating charges -€1,516
down €1,516 (-96.1%), from €1,578 to €62
- Taxes +€1,155
up €1,155 (+32.6%), from €3,547 to €4,702
- Depreciation +€813
up €813 (+3.6%), from €22,450 to €23,263
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €618,657 | €640,170 | +€21,513 | +3.5% |
| Fixed assets | 21/28 | €606,421 | €545,890 | -€60,531 | -10.0% |
| Intangible fixed assets | 21 | - | €47,054 | +€47,054 | |
| Tangible fixed assets | 22/27 | €521,286 | €498,836 | -€22,450 | -4.3% |
| Land and buildings | 22 | €521,286 | €498,836 | -€22,450 | -4.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €85,135 | €0 | -€85,135 | -100% |
| Current assets | 29/58 | €12,235 | €94,280 | +€82,045 | +671% |
| Amounts receivable after more than one year | 29 | - | €81,000 | +€81,000 | |
| Other amounts receivable | 291 | - | €81,000 | +€81,000 | |
| Amounts receivable within one year | 40/41 | €12,000 | €0 | -€12,000 | -100% |
| Trade receivables | 40 | €12,000 | €0 | -€12,000 | -100% |
| Cash at bank and in hand | 54/58 | €235 | €13,280 | +€13,045 | +5,543% |
| Total equity and liabilities | 10/49 | €618,657 | €640,170 | +€21,513 | +3.5% |
| Equity | 10/15 | €183,891 | €189,528 | +€5,637 | +3.1% |
| Contributions | 10/11 | €210,800 | €210,800 | = | 0.0% |
| Reserves | 13 | €334 | €334 | +€0 | +0.1% |
| Non-distributable reserves | 130/1 | €166 | €166 | +€0 | +0.3% |
| Reserves not available under the articles | 1311 | €166 | €166 | +€0 | +0.3% |
| Tax-exempt reserves | 132 | €168 | €168 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€27,242 | -€21,606 | +€5,636 | +20.7% |
| Amounts payable | 17/49 | €434,765 | €450,642 | +€15,877 | +3.7% |
| Amounts payable after more than one year | 17 | €261,879 | €261,888 | +€9 | 0.0% |
| Financial debts | 170/4 | €261,879 | €261,888 | +€9 | 0.0% |
| Amounts payable within one year | 42/48 | €172,886 | €188,754 | +€15,868 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €25,060 | €0 | -€25,060 | -100% |
| Trade debts | 44 | €2,494 | €5,906 | +€3,412 | +137% |
| Suppliers | 440/4 | €2,494 | €5,906 | +€3,412 | +137% |
| Taxes, remuneration and social security | 45 | €5,064 | €21,011 | +€15,947 | +315% |
| Taxes | 450/3 | €5,064 | €21,011 | +€15,947 | +315% |
| Other amounts payable | 47/48 | €140,269 | €161,837 | +€21,568 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,450 | €23,263 | +€813 | +3.6% |
| Other operating charges | 640/8 | €1,578 | €62 | -€1,516 | -96.1% |
| Gross operating margin | 9900 | €44,137 | €42,474 | -€1,663 | -3.8% |
| Operating profit (loss) | 9901 | €20,109 | €19,149 | -€960 | -4.8% |
| Financial income | 75/76B | - | €2,430 | +€2,430 | |
| Recurring financial income | 75 | - | €2,430 | +€2,430 | |
| Financial charges | 65/66B | €11,915 | €11,241 | -€674 | -5.7% |
| Recurring financial charges | 65 | €11,915 | €11,241 | -€674 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €8,194 | €10,338 | +€2,144 | +26.2% |
| Income taxes | 67/77 | €3,547 | €4,702 | +€1,155 | +32.6% |
| Profit (loss) for the period | 9904 | €4,647 | €5,636 | +€989 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,647 | €5,636 | +€989 | +21.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.