Sealandt: 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.
Sealandt
Largest movements
- Tangible fixed assets -€76,250
down €76,250 (-4.8%), from €1.6m to €1.5m
of which Land and buildings: -€73,250
- Debts after one year -€83,122
down €83,122 (-5.9%), from €1.4m to €1.3m
- Gross operating margin +€4,280
up €4,280 (+3.5%), from €121,141 to €125,421
- Other operating charges +€2,731
up €2,731 (+13.0%), from €20,949 to €23,679
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 | €1,627,771 | €1,545,889 | -€81,883 | -5.0% |
| Fixed assets | 21/28 | €1,588,556 | €1,512,306 | -€76,250 | -4.8% |
| Tangible fixed assets | 22/27 | €1,588,556 | €1,512,306 | -€76,250 | -4.8% |
| Land and buildings | 22 | €1,583,843 | €1,510,593 | -€73,250 | -4.6% |
| Plant, machinery and equipment | 23 | €4,714 | €1,714 | -€3,000 | -63.6% |
| Current assets | 29/58 | €39,215 | €33,582 | -€5,633 | -14.4% |
| Amounts receivable within one year | 40/41 | €18,080 | €15,856 | -€2,223 | -12.3% |
| Trade receivables | 40 | €18,080 | €15,798 | -€2,282 | -12.6% |
| Other amounts receivable | 41 | €0 | €58 | +€58 | |
| Cash at bank and in hand | 54/58 | €21,135 | €17,726 | -€3,410 | -16.1% |
| Total equity and liabilities | 10/49 | €1,627,771 | €1,545,889 | -€81,883 | -5.0% |
| Equity | 10/15 | -€193,414 | -€184,531 | +€8,882 | +4.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,414 | -€188,531 | +€8,882 | +4.5% |
| Amounts payable | 17/49 | €1,821,185 | €1,730,420 | -€90,765 | -5.0% |
| Amounts payable after more than one year | 17 | €1,408,065 | €1,324,943 | -€83,122 | -5.9% |
| Financial debts | 170/4 | €1,408,065 | €1,324,943 | -€83,122 | -5.9% |
| Amounts payable within one year | 42/48 | €413,120 | €404,778 | -€8,342 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €82,190 | €83,122 | +€932 | +1.1% |
| Trade debts | 44 | €21,430 | €16,134 | -€5,295 | -24.7% |
| Suppliers | 440/4 | €21,430 | €16,134 | -€5,295 | -24.7% |
| Other amounts payable | 47/48 | €309,501 | €305,522 | -€3,979 | -1.3% |
| Accrued charges and deferred income | 492/3 | - | €699 | +€699 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,250 | €76,250 | = | 0.0% |
| Other operating charges | 640/8 | €20,949 | €23,679 | +€2,731 | +13.0% |
| Gross operating margin | 9900 | €121,141 | €125,421 | +€4,280 | +3.5% |
| Operating profit (loss) | 9901 | €23,943 | €25,491 | +€1,549 | +6.5% |
| Financial income | 75/76B | €18 | €0 | -€18 | -100% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -100% |
| Financial charges | 65/66B | €17,614 | €16,609 | -€1,005 | -5.7% |
| Recurring financial charges | 65 | €17,614 | €16,609 | -€1,005 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €6,346 | €8,882 | +€2,536 | +40.0% |
| Profit (loss) for the period | 9904 | €6,346 | €8,882 | +€2,536 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,346 | €8,882 | +€2,536 | +40.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.