SEALSHOP: 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.
SEALSHOP
Largest movements
- Receivables within one year +€75,973
up €75,973 (+127%), from €59,824 to €135,797
of which Trade receivables: +€77,154
- Cash -€17,835
down €17,835 (-64.6%), from €27,590 to €9,755
mainly Receivables within one year (-€75,973) and Other debts (-€13,410)
- Stocks and contracts +€6,567
up €6,567 (+6.5%), from €100,634 to €107,201
- Tangible fixed assets -€5,903
down €5,903 (-8.6%), from €68,277 to €62,374
of which Land and buildings: -€6,300
- Trade debts +€71,101
up €71,101 (+56.6%), from €125,653 to €196,754
- Other debts -€13,410
down €13,410 (-40.9%), from €32,760 to €19,350
- Reserves -€8,904
down €8,904 (-9.2%), from €96,919 to €88,015
of which Distributable reserves: -€8,904
- Tax, wage and social debts +€6,351
up €6,351 (+225%), from €2,826 to €9,178
of which Taxes: +€6,223
- Gross operating margin +€56,622
up €56,622 (+744%), from €7,606 to €64,228
- Staff costs +€6,633
up €6,633 (+14.8%), from €44,795 to €51,428
- Depreciation +€2,201
up €2,201 (+18.3%), from €12,010 to €14,211
- Write-downs +€740
up €740 (+382%), from €194 to €934
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 | €264,358 | €319,496 | +€55,138 | +20.9% |
| Fixed assets | 21/28 | €74,670 | €66,743 | -€7,928 | -10.6% |
| Intangible fixed assets | 21 | €6,393 | €4,369 | -€2,024 | -31.7% |
| Tangible fixed assets | 22/27 | €68,277 | €62,374 | -€5,903 | -8.6% |
| Land and buildings | 22 | €57,294 | €50,994 | -€6,300 | -11.0% |
| Plant, machinery and equipment | 23 | €9,013 | €5,842 | -€3,171 | -35.2% |
| Furniture and vehicles | 24 | €1,970 | €5,538 | +€3,568 | +181% |
| Current assets | 29/58 | €189,688 | €252,753 | +€63,066 | +33.2% |
| Stocks and contracts in progress | 3 | €100,634 | €107,201 | +€6,567 | +6.5% |
| Stocks | 30/36 | €100,634 | €107,201 | +€6,567 | +6.5% |
| Amounts receivable within one year | 40/41 | €59,824 | €135,797 | +€75,973 | +127% |
| Trade receivables | 40 | €58,643 | €135,797 | +€77,154 | +132% |
| Other amounts receivable | 41 | €1,181 | €0 | -€1,181 | -100% |
| Cash at bank and in hand | 54/58 | €27,590 | €9,755 | -€17,835 | -64.6% |
| Deferred charges and accrued income | 490/1 | €1,640 | €0 | -€1,640 | -100% |
| Total equity and liabilities | 10/49 | €264,358 | €319,496 | +€55,138 | +20.9% |
| Equity | 10/15 | €103,119 | €94,215 | -€8,904 | -8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €96,919 | €88,015 | -€8,904 | -9.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €96,919 | €88,015 | -€8,904 | -9.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €161,239 | €225,281 | +€64,042 | +39.7% |
| Amounts payable within one year | 42/48 | €161,239 | €225,281 | +€64,042 | +39.7% |
| Trade debts | 44 | €125,653 | €196,754 | +€71,101 | +56.6% |
| Suppliers | 440/4 | €125,653 | €196,754 | +€71,101 | +56.6% |
| Taxes, remuneration and social security | 45 | €2,826 | €9,178 | +€6,351 | +225% |
| Taxes | 450/3 | €279 | €6,502 | +€6,223 | +2,234% |
| Remuneration and social security | 454/9 | €2,548 | €2,676 | +€128 | +5.0% |
| Other amounts payable | 47/48 | €32,760 | €19,350 | -€13,410 | -40.9% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €44,795 | €51,428 | +€6,633 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,010 | €14,211 | +€2,201 | +18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €194 | €934 | +€740 | +382% |
| Other operating charges | 640/8 | €665 | €617 | -€48 | -7.2% |
| Non-recurring operating charges | 66A | - | €5,599 | +€5,599 | |
| Gross operating margin | 9900 | €7,606 | €64,228 | +€56,622 | +744% |
| Operating profit (loss) | 9901 | -€50,058 | -€8,561 | +€41,497 | +82.9% |
| Financial income | 75/76B | €396 | €0 | -€396 | -100% |
| Recurring financial income | 75 | €396 | €0 | -€396 | -100% |
| Financial charges | 65/66B | €363 | €167 | -€196 | -53.9% |
| Recurring financial charges | 65 | €363 | €167 | -€196 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | -€50,026 | -€8,729 | +€41,297 | +82.6% |
| Income taxes | 67/77 | €112 | €175 | +€63 | +56.3% |
| Profit (loss) for the period | 9904 | -€50,138 | -€8,904 | +€41,234 | +82.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,138 | -€8,904 | +€41,234 | +82.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.