sealadvice: 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.
sealadvice
Largest movements
- Receivables within one year +€103,228
up €103,228 (+88.8%), from €116,258 to €219,486
- Cash +€23,371
new in 2025: €23,371
mainly Trade debts (+€168,913) and Stocks and contracts (+€17,007)
- Stocks and contracts -€17,007
down €17,007 (-12.3%), from €137,948 to €120,941
- Trade debts +€168,913
up €168,913 (+86.4%), from €195,481 to €364,394
- Profit (loss) carried forward -€25,039
down €25,039 (-20.9%), from -€120,056 to -€145,096
- Debts after one year -€20,981
down €20,981 (-59.3%), from €35,406 to €14,425
- Short-term financial debts -€17,191
no longer reported in 2025 (was €17,191)
- Gross operating margin +€39,790
up €39,790 (+72.1%), from -€55,216 to -€15,427
- Financial charges -€1,459
down €1,459 (-15.2%), from €9,599 to €8,140
- Other operating charges -€601
down €601 (-41.3%), from €1,455 to €854
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 | €254,951 | €364,240 | +€109,289 | +42.9% |
| Fixed assets | 21/28 | €745 | €442 | -€303 | -40.7% |
| Intangible fixed assets | 21 | €745 | €442 | -€303 | -40.7% |
| Current assets | 29/58 | €254,206 | €363,798 | +€109,592 | +43.1% |
| Stocks and contracts in progress | 3 | €137,948 | €120,941 | -€17,007 | -12.3% |
| Stocks | 30/36 | €137,948 | €120,941 | -€17,007 | -12.3% |
| Amounts receivable within one year | 40/41 | €116,258 | €219,486 | +€103,228 | +88.8% |
| Trade receivables | 40 | €116,258 | €219,486 | +€103,228 | +88.8% |
| Cash at bank and in hand | 54/58 | - | €23,371 | +€23,371 | |
| Total equity and liabilities | 10/49 | €254,951 | €364,240 | +€109,289 | +42.9% |
| Equity | 10/15 | -€80,056 | -€105,096 | -€25,039 | -31.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,056 | -€145,096 | -€25,039 | -20.9% |
| Amounts payable | 17/49 | €335,008 | €469,336 | +€134,328 | +40.1% |
| Amounts payable after more than one year | 17 | €35,406 | €14,425 | -€20,981 | -59.3% |
| Financial debts | 170/4 | €35,406 | €14,425 | -€20,981 | -59.3% |
| Amounts payable within one year | 42/48 | €299,602 | €454,911 | +€155,310 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | €20,220 | €20,981 | +€761 | +3.8% |
| Financial debts | 43 | €17,191 | - | -€17,191 | |
| Credit institutions | 430/8 | €17,191 | - | -€17,191 | |
| Trade debts | 44 | €195,481 | €364,394 | +€168,913 | +86.4% |
| Suppliers | 440/4 | €195,481 | €364,394 | +€168,913 | +86.4% |
| Taxes, remuneration and social security | 45 | €1,185 | €3,940 | +€2,755 | +233% |
| Taxes | 450/3 | €1,185 | €3,940 | +€2,755 | +233% |
| Other amounts payable | 47/48 | €65,525 | €65,596 | +€72 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €322 | €303 | -€19 | -5.9% |
| Other operating charges | 640/8 | €1,455 | €854 | -€601 | -41.3% |
| Gross operating margin | 9900 | -€55,216 | -€15,427 | +€39,790 | +72.1% |
| Operating profit (loss) | 9901 | -€56,993 | -€16,584 | +€40,410 | +70.9% |
| Financial income | 75/76B | €343 | €85 | -€259 | -75.4% |
| Recurring financial income | 75 | €343 | €85 | -€259 | -75.4% |
| Financial charges | 65/66B | €9,599 | €8,140 | -€1,459 | -15.2% |
| Recurring financial charges | 65 | €9,599 | €8,140 | -€1,459 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€66,249 | -€24,639 | +€41,610 | +62.8% |
| Income taxes | 67/77 | €336 | €400 | +€64 | +18.9% |
| Profit (loss) for the period | 9904 | -€66,586 | -€25,039 | +€41,546 | +62.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,586 | -€25,039 | +€41,546 | +62.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.