SEALED: what changed
Two fiscal 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.
SEALED
Largest movements
- Cash +€71,486
up €71,486 (+200.5%), from €35,648 to €107,134
mainly Trade debts (+€59,476) and Receivables within one year (+€34,429)
- Receivables within one year -€34,429
down €34,429 (-29.5%), from €116,883 to €82,455
of which Other amounts receivable: -€23,214
- Deferred charges and accrued income -€2,702
down €2,702 (-81.2%), from €3,328 to €626
- Trade debts +€59,476
up €59,476 (+63.5%), from €93,659 to €153,135
- Other debts -€10,000
down €10,000 (-99.6%), from €10,043 to €43
- Profit (loss) carried forward -€9,984
down €9,984 (-26.8%), from €37,207 to €27,223
- Tax, wage and social debts -€5,137
down €5,137 (-74.5%), from €6,891 to €1,755
- Gross operating margin -€26,355
down €26,355, from €17,218 to -€9,136
- Taxes -€4,690
no longer reported in 2025 (was €4,690)
- Financial charges -€2,001
down €2,001 (-81.7%), from €2,449 to €448
- Financial income -€1,944
no longer reported in 2025 (was €1,944)
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.
Cash bridge derived
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 | €155,860 | €190,215 | +€34,355 | +22.0% |
| Current assets | 29/58 | €155,860 | €190,215 | +€34,355 | +22.0% |
| Amounts receivable within one year | 40/41 | €116,883 | €82,455 | -€34,429 | -29.5% |
| Trade receivables | 40 | €70,198 | €58,983 | -€11,215 | -16.0% |
| Other amounts receivable | 41 | €46,685 | €23,471 | -€23,214 | -49.7% |
| Cash at bank and in hand | 54/58 | €35,648 | €107,134 | +€71,486 | +200.5% |
| Deferred charges and accrued income | 490/1 | €3,328 | €626 | -€2,702 | -81.2% |
| Total equity and liabilities | 10/49 | €155,860 | €190,215 | +€34,355 | +22.0% |
| Equity | 10/15 | €45,267 | €35,283 | -€9,984 | -22.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,207 | €27,223 | -€9,984 | -26.8% |
| Amounts payable | 17/49 | €110,593 | €154,932 | +€44,339 | +40.1% |
| Amounts payable within one year | 42/48 | €110,593 | €154,932 | +€44,339 | +40.1% |
| Trade debts | 44 | €93,659 | €153,135 | +€59,476 | +63.5% |
| Suppliers | 440/4 | €93,659 | €153,135 | +€59,476 | +63.5% |
| Taxes, remuneration and social security | 45 | €6,891 | €1,755 | -€5,137 | -74.5% |
| Taxes | 450/3 | €6,891 | €1,755 | -€5,137 | -74.5% |
| Other amounts payable | 47/48 | €10,043 | €43 | -€10,000 | -99.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €17,218 | -€9,136 | -€26,355 | |
| Operating profit (loss) | 9901 | €16,831 | -€9,536 | -€26,367 | |
| Financial income | 75/76B | €1,944 | - | -€1,944 | |
| Recurring financial income | 75 | €1,944 | - | -€1,944 | |
| Financial charges | 65/66B | €2,449 | €448 | -€2,001 | -81.7% |
| Recurring financial charges | 65 | €2,449 | €448 | -€2,001 | -81.7% |
| Profit (loss) for the period before taxes | 9903 | €16,326 | -€9,984 | -€26,311 | |
| Income taxes | 67/77 | €4,690 | - | -€4,690 | |
| Profit (loss) for the period | 9904 | €11,636 | -€9,984 | -€21,620 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,636 | -€9,984 | -€21,620 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.