SEALIFT: 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.
SEALIFT
Largest movements
- Current investments -€691,096
down €691,096 (-15.7%), from €4.4m to €3.7m
- Cash +€634,312
up €634,312 (+95.9%), from €661,169 to €1.3m
mainly Current investments (+€691,096) and Trade debts (+€451,793)
- Trade debts +€451,793
up €451,793 (+36.2%), from €1.2m to €1.7m
- Other debts -€354,733
down €354,733 (-99.1%), from €358,094 to €3,362
- Tax, wage and social debts -€130,801
down €130,801 (-97.5%), from €134,144 to €3,343
of which Taxes: -€129,617
- Gross operating margin -€591,661
down €591,661 (-94.2%), from €627,938 to €36,278
- Taxes -€251,979
down €251,979 (-99.4%), from €253,611 to €1,632
- Financial income -€216,331
down €216,331 (-57.4%), from €377,094 to €160,763
- Financial charges +€158,202
up €158,202 (+2925.0%), from €5,409 to €163,611
- Staff costs +€6,557
up €6,557 (+37.2%), from €17,632 to €24,189
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 | €5,235,099 | €5,202,949 | -€32,149 | -0.6% |
| Fixed assets | 21/28 | €6,458 | €4,910 | -€1,548 | -24.0% |
| Tangible fixed assets | 22/27 | €3,732 | €2,184 | -€1,548 | -41.5% |
| Furniture and vehicles | 24 | €222 | - | -€222 | |
| Other tangible fixed assets | 26 | €3,510 | €2,184 | -€1,326 | -37.8% |
| Financial fixed assets | 28 | €2,726 | €2,726 | = | 0.0% |
| Current assets | 29/58 | €5,228,641 | €5,198,040 | -€30,601 | -0.6% |
| Amounts receivable within one year | 40/41 | €155,361 | €181,544 | +€26,183 | +16.9% |
| Trade receivables | 40 | €122,216 | €71,843 | -€50,373 | -41.2% |
| Other amounts receivable | 41 | €33,146 | €109,701 | +€76,556 | +231.0% |
| Current investments | 50/53 | €4,412,111 | €3,721,015 | -€691,096 | -15.7% |
| Cash at bank and in hand | 54/58 | €661,169 | €1,295,480 | +€634,312 | +95.9% |
| Total equity and liabilities | 10/49 | €5,235,099 | €5,202,949 | -€32,149 | -0.6% |
| Equity | 10/15 | €3,495,852 | €3,497,444 | +€1,592 | 0.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €3,420,852 | €3,422,444 | +€1,592 | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,773 | €26,773 | = | 0.0% |
| Distributable reserves | 133 | €3,386,580 | €3,388,171 | +€1,592 | 0.0% |
| Amounts payable | 17/49 | €1,739,246 | €1,705,506 | -€33,741 | -1.9% |
| Amounts payable within one year | 42/48 | €1,739,246 | €1,705,506 | -€33,741 | -1.9% |
| Trade debts | 44 | €1,247,008 | €1,698,801 | +€451,793 | +36.2% |
| Suppliers | 440/4 | €1,247,008 | €1,698,801 | +€451,793 | +36.2% |
| Taxes, remuneration and social security | 45 | €134,144 | €3,343 | -€130,801 | -97.5% |
| Taxes | 450/3 | €129,617 | - | -€129,617 | |
| Remuneration and social security | 454/9 | €4,527 | €3,343 | -€1,184 | -26.2% |
| Other amounts payable | 47/48 | €358,094 | €3,362 | -€354,733 | -99.1% |
| Non-recurring operating income | 76A | €21,000 | - | -€21,000 | |
| Remuneration, social security and pensions | 62 | €17,632 | €24,189 | +€6,557 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,539 | €1,548 | -€991 | -39.0% |
| Other operating charges | 640/8 | €5,545 | €4,469 | -€1,076 | -19.4% |
| Gross operating margin | 9900 | €627,938 | €36,278 | -€591,661 | -94.2% |
| Operating profit (loss) | 9901 | €602,223 | €6,072 | -€596,151 | -99.0% |
| Financial income | 75/76B | €377,094 | €160,763 | -€216,331 | -57.4% |
| Recurring financial income | 75 | €377,094 | €160,763 | -€216,331 | -57.4% |
| Financial charges | 65/66B | €5,409 | €163,611 | +€158,202 | +2925.0% |
| Recurring financial charges | 65 | €5,409 | €163,611 | +€158,202 | +2925.0% |
| Profit (loss) for the period before taxes | 9903 | €973,908 | €3,224 | -€970,684 | -99.7% |
| Income taxes | 67/77 | €253,611 | €1,632 | -€251,979 | -99.4% |
| Profit (loss) for the period | 9904 | €720,297 | €1,592 | -€718,705 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €720,297 | €1,592 | -€718,705 | -99.8% |
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 6 October 2026 via checked.be.