SEALAND SATCONTROL: 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.
SEALAND SATCONTROL
Largest movements
- Stocks and contracts +€12,036
up €12,036 (+21.6%), from €55,689 to €67,724
- Receivables within one year -€3,661
down €3,661 (-16.0%), from €22,884 to €19,223
of which Trade receivables: -€3,840
- Debts after one year -€6,683
no longer reported in 2025 (was €6,683)
- Trade debts +€6,236
up €6,236 (+73.5%), from €8,482 to €14,718
- Short-term financial debts +€5,442
up €5,442 (+116%), from €4,677 to €10,118
- Profit (loss) carried forward +€4,406
up €4,406 (+8.2%), from -€53,633 to -€49,228
- Gross operating margin +€1,587
up €1,587 (+23.6%), from €6,730 to €8,318
- Financial charges +€1,039
up €1,039 (+52.4%), from €1,982 to €3,020
- Financial income -€212
down €212 (-99.7%), from €213 to €1
- Other operating charges +€196
up €196 (+44.0%), from €446 to €642
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 | €135,199 | €144,771 | +€9,572 | +7.1% |
| Fixed assets | 21/28 | €536 | €286 | -€250 | -46.6% |
| Tangible fixed assets | 22/27 | €536 | €286 | -€250 | -46.6% |
| Furniture and vehicles | 24 | €536 | €286 | -€250 | -46.6% |
| Current assets | 29/58 | €134,663 | €144,485 | +€9,822 | +7.3% |
| Stocks and contracts in progress | 3 | €55,689 | €67,724 | +€12,036 | +21.6% |
| Stocks | 30/36 | €55,689 | €67,724 | +€12,036 | +21.6% |
| Amounts receivable within one year | 40/41 | €22,884 | €19,223 | -€3,661 | -16.0% |
| Trade receivables | 40 | €22,882 | €19,042 | -€3,840 | -16.8% |
| Other amounts receivable | 41 | €2 | €181 | +€179 | +9,480% |
| Current investments | 50/53 | €56,090 | €56,090 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €1,447 | +€1,447 | |
| Total equity and liabilities | 10/49 | €135,199 | €144,771 | +€9,572 | +7.1% |
| Equity | 10/15 | €108,640 | €113,045 | +€4,406 | +4.1% |
| Contributions | 10/11 | €147,273 | €147,273 | = | 0.0% |
| Capital | 10 | €147,273 | €147,273 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Uncalled capital | 101 | €2,727 | €2,727 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,633 | -€49,228 | +€4,406 | +8.2% |
| Amounts payable | 17/49 | €26,559 | €31,726 | +€5,167 | +19.5% |
| Amounts payable after more than one year | 17 | €6,683 | - | -€6,683 | |
| Financial debts | 170/4 | €6,683 | - | -€6,683 | |
| Amounts payable within one year | 42/48 | €19,876 | €31,726 | +€11,850 | +59.6% |
| Current portion of amounts payable after more than one year | 42 | €6,386 | €6,683 | +€298 | +4.7% |
| Financial debts | 43 | €4,677 | €10,118 | +€5,442 | +116% |
| Credit institutions | 430/8 | €4,677 | €10,118 | +€5,442 | +116% |
| Trade debts | 44 | €8,482 | €14,718 | +€6,236 | +73.5% |
| Suppliers | 440/4 | €8,482 | €14,718 | +€6,236 | +73.5% |
| Advances received on contracts in progress | 46 | €215 | - | -€215 | |
| Taxes, remuneration and social security | 45 | €10 | €10 | +€0 | +2.0% |
| Taxes | 450/3 | €10 | €10 | +€0 | +2.0% |
| Other amounts payable | 47/48 | €108 | €196 | +€89 | +82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €250 | = | 0.0% |
| Other operating charges | 640/8 | €446 | €642 | +€196 | +44.0% |
| Gross operating margin | 9900 | €6,730 | €8,318 | +€1,587 | +23.6% |
| Operating profit (loss) | 9901 | €6,034 | €7,425 | +€1,391 | +23.1% |
| Financial income | 75/76B | €213 | €1 | -€212 | -99.7% |
| Recurring financial income | 75 | €213 | €1 | -€212 | -99.7% |
| Financial charges | 65/66B | €1,982 | €3,020 | +€1,039 | +52.4% |
| Recurring financial charges | 65 | €1,982 | €3,020 | +€1,039 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | €4,265 | €4,406 | +€141 | +3.3% |
| Profit (loss) for the period | 9904 | €4,265 | €4,406 | +€141 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,265 | €4,406 | +€141 | +3.3% |
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 27 October 2026 via checked.be.