SEALUX: 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.
SEALUX
Largest movements
- Cash +€398,813
up €398,813 (+72.5%), from €549,930 to €948,743
mainly Net result for the year (+€422,368) and Receivables within one year (+€206,742)
- Receivables within one year -€206,742
down €206,742 (-31.6%), from €654,989 to €448,248
of which Trade receivables: -€206,591
- Tangible fixed assets -€173,240
down €173,240 (-22.2%), from €781,212 to €607,973
of which Plant, machinery and equipment: -€112,060
- Stocks and contracts -€31,518
down €31,518 (-14.8%), from €213,070 to €181,553
- Profit (loss) carried forward +€422,368
up €422,368 (+32.8%), from €1.3m to €1.7m
- Other debts -€292,832
down €292,832 (-71.4%), from €410,072 to €117,240
- Trade debts -€212,915
down €212,915 (-74.8%), from €284,554 to €71,639
- Tax, wage and social debts +€68,907
up €68,907 (+112%), from €61,749 to €130,656
of which Taxes: +€67,407
- Gross operating margin +€554,933
up €554,933 (+81.5%), from €680,698 to €1.2m
- Taxes +€118,858
up €118,858 (+355%), from €33,470 to €152,327
- Staff costs +€94,054
up €94,054 (+21.5%), from €437,838 to €531,892
- Depreciation -€22,289
down €22,289 (-17.4%), from €128,374 to €106,085
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 | €2,215,434 | €2,199,602 | -€15,832 | -0.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €782,125 | €608,886 | -€173,240 | -22.1% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €781,212 | €607,973 | -€173,240 | -22.2% |
| Land and buildings | 22 | €345,759 | €321,083 | -€24,676 | -7.1% |
| Plant, machinery and equipment | 23 | €329,047 | €216,987 | -€112,060 | -34.1% |
| Furniture and vehicles | 24 | €106,406 | €69,903 | -€36,503 | -34.3% |
| Financial fixed assets | 28 | €913 | €913 | = | 0.0% |
| Current assets | 29/58 | €1,433,309 | €1,590,716 | +€157,407 | +11.0% |
| Stocks and contracts in progress | 3 | €213,070 | €181,553 | -€31,518 | -14.8% |
| Stocks | 30/36 | €213,070 | €181,553 | -€31,518 | -14.8% |
| Amounts receivable within one year | 40/41 | €654,989 | €448,248 | -€206,742 | -31.6% |
| Trade receivables | 40 | €654,148 | €447,557 | -€206,591 | -31.6% |
| Other amounts receivable | 41 | €841 | €691 | -€150 | -17.9% |
| Current investments | 50/53 | €2,014 | €2,014 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €549,930 | €948,743 | +€398,813 | +72.5% |
| Deferred charges and accrued income | 490/1 | €13,306 | €10,160 | -€3,146 | -23.6% |
| Total equity and liabilities | 10/49 | €2,215,434 | €2,199,602 | -€15,832 | -0.7% |
| Equity | 10/15 | €1,458,164 | €1,874,199 | +€416,036 | +28.5% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | - | €62,500 | +€62,500 | |
| Issued capital | 100 | - | €62,500 | +€62,500 | |
| Reserves | 13 | €95,250 | €95,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,250 | €20,250 | = | 0.0% |
| Legal reserve | 130 | - | €20,250 | +€20,250 | |
| Reserves not available under the articles | 1311 | €20,250 | - | -€20,250 | |
| Tax-exempt reserves | 132 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,287,039 | €1,709,407 | +€422,368 | +32.8% |
| Investment grants | 15 | €13,374 | €7,042 | -€6,332 | -47.3% |
| Provisions and deferred taxes | 16 | €695 | €5,000 | +€4,305 | +619% |
| Provisions for liabilities and charges | 160/5 | €695 | €5,000 | +€4,305 | +619% |
| Other liabilities and charges | 164/5 | €695 | €5,000 | +€4,305 | +619% |
| Amounts payable | 17/49 | €756,575 | €320,403 | -€436,173 | -57.7% |
| Amounts payable within one year | 42/48 | €756,575 | €319,534 | -€437,041 | -57.8% |
| Trade debts | 44 | €284,554 | €71,639 | -€212,915 | -74.8% |
| Suppliers | 440/4 | €284,554 | €71,639 | -€212,915 | -74.8% |
| Advances received on contracts in progress | 46 | €201 | - | -€201 | |
| Taxes, remuneration and social security | 45 | €61,749 | €130,656 | +€68,907 | +112% |
| Taxes | 450/3 | €16,231 | €83,638 | +€67,407 | +415% |
| Remuneration and social security | 454/9 | €45,518 | €47,017 | +€1,499 | +3.3% |
| Other amounts payable | 47/48 | €410,072 | €117,240 | -€292,832 | -71.4% |
| Accrued charges and deferred income | 492/3 | - | €868 | +€868 | |
| Non-recurring operating income | 76A | - | €63,750 | +€63,750 | |
| Remuneration, social security and pensions | 62 | €437,838 | €531,892 | +€94,054 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,374 | €106,085 | -€22,289 | -17.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €5,000 | +€5,000 | |
| Other operating charges | 640/8 | €18,809 | €29,767 | +€10,958 | +58.3% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | €62 | - | -€62 | |
| Gross operating margin | 9900 | €680,698 | €1,235,631 | +€554,933 | +81.5% |
| Operating profit (loss) | 9901 | €95,615 | €562,887 | +€467,272 | +489% |
| Financial income | 75/76B | €9,048 | €15,981 | +€6,933 | +76.6% |
| Recurring financial income | 75 | €8,602 | €15,981 | +€7,379 | +85.8% |
| Non-recurring financial income | 76B | €446 | - | -€446 | |
| Financial charges | 65/66B | €1,280 | €4,173 | +€2,893 | +226% |
| Recurring financial charges | 65 | €1,280 | €4,173 | +€2,893 | +226% |
| Non-recurring financial charges | 66B | €1,280 | - | -€1,280 | |
| Profit (loss) for the period before taxes | 9903 | €103,383 | €574,695 | +€471,312 | +456% |
| Income taxes | 67/77 | €33,470 | €152,327 | +€118,858 | +355% |
| Profit (loss) for the period | 9904 | €69,913 | €422,368 | +€352,455 | +504% |
| Profit (loss) for the period to be appropriated | 9905 | €69,913 | €422,368 | +€352,455 | +504% |
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 13 October 2026 via checked.be.