SEALPHI: 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.
SEALPHI
Largest movements
- Receivables within one year +€2,091
up €2,091 (+10.7%), from €19,495 to €21,585
- Trade debts -€23,897
down €23,897 (-90.5%), from €26,394 to €2,497
- Other debts +€16,978
up €16,978 (+417%), from €4,068 to €21,045
- Accrued charges and deferred income +€12,290
up €12,290 (+12.1%), from €101,198 to €113,488
- Tax, wage and social debts -€5,227
down €5,227 (-50.2%), from €10,419 to €5,192
of which Remuneration and social security: -€4,380
- Staff costs -€1,884
down €1,884 (-6.3%), from €29,980 to €28,096
- Other operating charges +€1,370
up €1,370 (+110%), from €1,246 to €2,616
- Gross operating margin -€780
down €780 (-2.4%), from €32,208 to €31,428
- Depreciation -€464
down €464 (-49.6%), from €937 to €473
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,078 | €143,222 | +€144 | +0.1% |
| Fixed assets | 21/28 | €4,947 | €4,474 | -€473 | -9.6% |
| Tangible fixed assets | 22/27 | €554 | €81 | -€473 | -85.4% |
| Furniture and vehicles | 24 | €554 | €81 | -€473 | -85.4% |
| Financial fixed assets | 28 | €4,393 | €4,393 | = | 0.0% |
| Current assets | 29/58 | €138,131 | €138,748 | +€616 | +0.4% |
| Amounts receivable within one year | 40/41 | €19,495 | €21,585 | +€2,091 | +10.7% |
| Trade receivables | 40 | €19,495 | €21,585 | +€2,091 | +10.7% |
| Cash at bank and in hand | 54/58 | €117,894 | €116,557 | -€1,337 | -1.1% |
| Deferred charges and accrued income | 490/1 | €743 | €605 | -€137 | -18.5% |
| Total equity and liabilities | 10/49 | €143,078 | €143,222 | +€144 | +0.1% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €142,078 | €142,222 | +€144 | +0.1% |
| Amounts payable within one year | 42/48 | €40,880 | €28,734 | -€12,147 | -29.7% |
| Trade debts | 44 | €26,394 | €2,497 | -€23,897 | -90.5% |
| Suppliers | 440/4 | €26,394 | €2,497 | -€23,897 | -90.5% |
| Taxes, remuneration and social security | 45 | €10,419 | €5,192 | -€5,227 | -50.2% |
| Taxes | 450/3 | €6,039 | €5,192 | -€847 | -14.0% |
| Remuneration and social security | 454/9 | €4,380 | €0 | -€4,380 | -100% |
| Other amounts payable | 47/48 | €4,068 | €21,045 | +€16,978 | +417% |
| Accrued charges and deferred income | 492/3 | €101,198 | €113,488 | +€12,290 | +12.1% |
| Remuneration, social security and pensions | 62 | €29,980 | €28,096 | -€1,884 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €937 | €473 | -€464 | -49.6% |
| Other operating charges | 640/8 | €1,246 | €2,616 | +€1,370 | +110% |
| Gross operating margin | 9900 | €32,208 | €31,428 | -€780 | -2.4% |
| Operating profit (loss) | 9901 | €44 | €243 | +€199 | +448% |
| Financial income | 75/76B | €132 | €0 | -€132 | -100% |
| Recurring financial income | 75 | €132 | €0 | -€132 | -100% |
| Financial charges | 65/66B | €176 | €243 | +€67 | +38.3% |
| Recurring financial charges | 65 | €176 | €243 | +€67 | +38.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.