SEALFLEX: 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.
SEALFLEX
Largest movements
- Receivables within one year -€300,979
down €300,979 (-38.9%), from €773,107 to €472,128
of which Other amounts receivable: -€423,868
- Cash +€55,401
up €55,401 (+15.8%), from €350,641 to €406,042
mainly Receivables within one year (+€300,979) and Net result for the year (+€219,848)
- Tangible fixed assets -€51,105
down €51,105 (-29.3%), from €174,329 to €123,224
of which Other tangible fixed assets: -€31,339
- Reserves -€353,213
down €353,213 (-42.4%), from €832,768 to €479,555
of which Distributable reserves: -€351,353
- Trade debts +€113,010
up €113,010 (+3,373%), from €3,350 to €116,360
- Other debts +€100,000
new in 2025: €100,000
- Debts after one year -€99,807
down €99,807 (-38.8%), from €257,073 to €157,266
- Tax, wage and social debts -€42,145
down €42,145 (-50.0%), from €84,234 to €42,089
of which Taxes: -€32,953
- Turnover +€1.8m
new in 2025: €1.8m
- Purchases and services +€1.5m
new in 2025: €1.5m
- Gross operating margin -€247,886
down €247,886 (-34.2%), from €724,882 to €476,996
- Staff costs -€43,181
down €43,181 (-45.9%), from €94,033 to €50,852
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 | €1,311,548 | €1,014,749 | -€296,799 | -22.6% |
| Fixed assets | 21/28 | €174,464 | €123,359 | -€51,105 | -29.3% |
| Tangible fixed assets | 22/27 | €174,329 | €123,224 | -€51,105 | -29.3% |
| Plant, machinery and equipment | 23 | €63,644 | €54,260 | -€9,384 | -14.7% |
| Furniture and vehicles | 24 | €79,347 | €68,964 | -€10,383 | -13.1% |
| Other tangible fixed assets | 26 | €31,339 | - | -€31,339 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,137,084 | €891,390 | -€245,694 | -21.6% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €773,107 | €472,128 | -€300,979 | -38.9% |
| Trade receivables | 40 | €296,266 | €419,155 | +€122,889 | +41.5% |
| Other amounts receivable | 41 | €476,841 | €52,973 | -€423,868 | -88.9% |
| Cash at bank and in hand | 54/58 | €350,641 | €406,042 | +€55,401 | +15.8% |
| Deferred charges and accrued income | 490/1 | €3,335 | €3,220 | -€115 | -3.5% |
| Total equity and liabilities | 10/49 | €1,311,548 | €1,014,749 | -€296,799 | -22.6% |
| Equity | 10/15 | €838,968 | €485,755 | -€353,213 | -42.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €832,768 | €479,555 | -€353,213 | -42.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €830,908 | €479,555 | -€351,353 | -42.3% |
| Amounts payable | 17/49 | €472,579 | €528,994 | +€56,415 | +11.9% |
| Amounts payable after more than one year | 17 | €257,073 | €157,266 | -€99,807 | -38.8% |
| Financial debts | 170/4 | €257,073 | €157,266 | -€99,807 | -38.8% |
| Amounts payable within one year | 42/48 | €215,507 | €371,728 | +€156,221 | +72.5% |
| Current portion of amounts payable after more than one year | 42 | €127,922 | €113,279 | -€14,643 | -11.4% |
| Trade debts | 44 | €3,350 | €116,360 | +€113,010 | +3,373% |
| Suppliers | 440/4 | €3,350 | €116,360 | +€113,010 | +3,373% |
| Taxes, remuneration and social security | 45 | €84,234 | €42,089 | -€42,145 | -50.0% |
| Taxes | 450/3 | €64,793 | €31,840 | -€32,953 | -50.9% |
| Remuneration and social security | 454/9 | €19,441 | €10,249 | -€9,192 | -47.3% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Turnover | 70 | - | €1,831,852 | +€1.8m | |
| Non-recurring operating income | 76A | €9,000 | €79,577 | +€70,577 | +784% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,487,282 | +€1.5m | |
| Remuneration, social security and pensions | 62 | €94,033 | €50,852 | -€43,181 | -45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,924 | €75,694 | -€3,230 | -4.1% |
| Other operating charges | 640/8 | €3,537 | €9,731 | +€6,194 | +175% |
| Gross operating margin | 9900 | €724,882 | €476,996 | -€247,886 | -34.2% |
| Operating profit (loss) | 9901 | €548,389 | €340,719 | -€207,670 | -37.9% |
| Financial income | 75/76B | €16,041 | €9,499 | -€6,542 | -40.8% |
| Recurring financial income | 75 | €16,041 | €9,499 | -€6,542 | -40.8% |
| Financial charges | 65/66B | €19,394 | €15,013 | -€4,381 | -22.6% |
| Recurring financial charges | 65 | €19,394 | €15,013 | -€4,381 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €545,036 | €335,205 | -€209,831 | -38.5% |
| Income taxes | 67/77 | €132,448 | €115,357 | -€17,091 | -12.9% |
| Profit (loss) for the period | 9904 | €412,587 | €219,848 | -€192,739 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €412,587 | €219,848 | -€192,739 | -46.7% |
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 17 October 2026 via checked.be.