Sealprof: 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.
Sealprof
Largest movements
- Cash +€64,725
up €64,725 (+602.0%), from €10,752 to €75,477
mainly Short-term financial debts (+€80,000) and Trade debts (+€37,183)
- Stocks and contracts +€19,431
up €19,431 (+10.1%), from €191,890 to €211,321
- Tangible fixed assets +€10,361
up €10,361 (+9.5%), from €108,758 to €119,119
of which Furniture and vehicles: +€26,576
- Short-term financial debts +€80,000
new in 2025: €80,000
- Trade debts +€37,183
up €37,183 (+22.2%), from €167,761 to €204,944
- Debts after one year -€13,877
down €13,877 (-9.7%), from €143,356 to €129,478
- Tax, wage and social debts -€10,061
down €10,061 (-39.4%), from €25,534 to €15,473
of which Taxes: -€11,509
- Current portion of long-term debt +€8,685
up €8,685 (+25.3%), from €34,294 to €42,979
- Staff costs +€86,680
up €86,680 (+143.1%), from €60,570 to €147,250
- Gross operating margin +€23,331
up €23,331 (+13.9%), from €168,120 to €191,451
- Taxes -€22,924
down €22,924 (-90.6%), from €25,312 to €2,388
- Depreciation +€7,288
up €7,288 (+47.3%), from €15,401 to €22,689
- Write-downs +€3,494
new in 2025: €3,494
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 | €697,841 | €799,558 | +€101,717 | +14.6% |
| Fixed assets | 21/28 | €380,258 | €390,619 | +€10,361 | +2.7% |
| Tangible fixed assets | 22/27 | €108,758 | €119,119 | +€10,361 | +9.5% |
| Land and buildings | 22 | €94,342 | €82,101 | -€12,242 | -13.0% |
| Plant, machinery and equipment | 23 | €14,317 | €10,343 | -€3,974 | -27.8% |
| Furniture and vehicles | 24 | €99 | €26,675 | +€26,576 | +26796.0% |
| Financial fixed assets | 28 | €271,500 | €271,500 | = | 0.0% |
| Current assets | 29/58 | €317,583 | €408,939 | +€91,356 | +28.8% |
| Stocks and contracts in progress | 3 | €191,890 | €211,321 | +€19,431 | +10.1% |
| Stocks | 30/36 | €191,890 | €211,321 | +€19,431 | +10.1% |
| Amounts receivable within one year | 40/41 | €112,614 | €117,435 | +€4,821 | +4.3% |
| Trade receivables | 40 | €112,614 | €94,792 | -€17,822 | -15.8% |
| Other amounts receivable | 41 | - | €22,643 | +€22,643 | |
| Cash at bank and in hand | 54/58 | €10,752 | €75,477 | +€64,725 | +602.0% |
| Deferred charges and accrued income | 490/1 | €2,327 | €4,706 | +€2,379 | +102.3% |
| Total equity and liabilities | 10/49 | €697,841 | €799,558 | +€101,717 | +14.6% |
| Equity | 10/15 | €272,483 | €271,710 | -€773 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €253,883 | €253,110 | -€773 | -0.3% |
| Distributable reserves | 133 | €253,883 | €253,110 | -€773 | -0.3% |
| Amounts payable | 17/49 | €425,358 | €527,849 | +€102,490 | +24.1% |
| Amounts payable after more than one year | 17 | €143,356 | €129,478 | -€13,877 | -9.7% |
| Financial debts | 170/4 | €143,356 | €129,478 | -€13,877 | -9.7% |
| Amounts payable within one year | 42/48 | €282,003 | €398,371 | +€116,368 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €34,294 | €42,979 | +€8,685 | +25.3% |
| Financial debts | 43 | - | €80,000 | +€80,000 | |
| Credit institutions | 430/8 | - | €80,000 | +€80,000 | |
| Trade debts | 44 | €167,761 | €204,944 | +€37,183 | +22.2% |
| Suppliers | 440/4 | €167,761 | €204,944 | +€37,183 | +22.2% |
| Advances received on contracts in progress | 46 | €223 | €1,293 | +€1,070 | +479.7% |
| Taxes, remuneration and social security | 45 | €25,534 | €15,473 | -€10,061 | -39.4% |
| Taxes | 450/3 | €17,487 | €5,979 | -€11,509 | -65.8% |
| Remuneration and social security | 454/9 | €8,047 | €9,494 | +€1,448 | +18.0% |
| Other amounts payable | 47/48 | €54,190 | €53,682 | -€509 | -0.9% |
| Remuneration, social security and pensions | 62 | €60,570 | €147,250 | +€86,680 | +143.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,401 | €22,689 | +€7,288 | +47.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,494 | +€3,494 | |
| Other operating charges | 640/8 | €880 | €1,247 | +€367 | +41.8% |
| Gross operating margin | 9900 | €168,120 | €191,451 | +€23,331 | +13.9% |
| Operating profit (loss) | 9901 | €91,269 | €16,770 | -€74,499 | -81.6% |
| Financial income | 75/76B | €1,738 | €1,856 | +€118 | +6.8% |
| Recurring financial income | 75 | €1,738 | €1,856 | +€118 | +6.8% |
| Financial charges | 65/66B | €14,549 | €17,011 | +€2,462 | +16.9% |
| Recurring financial charges | 65 | €14,549 | €17,011 | +€2,462 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €78,458 | €1,615 | -€76,843 | -97.9% |
| Income taxes | 67/77 | €25,312 | €2,388 | -€22,924 | -90.6% |
| Profit (loss) for the period | 9904 | €53,146 | -€773 | -€53,920 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,146 | -€773 | -€53,920 |
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 8 October 2026 via checked.be.