SEAMAR: 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.
SEAMAR
Largest movements
- Cash -€2.3m
down €2.3m (-56.4%), from €4.1m to €1.8m
mainly Other debts (-€3.0m) and Receivables within one year (-€1.4m)
- Receivables within one year +€1.4m
up €1.4m (+17.2%), from €8.0m to €9.4m
of which Other amounts receivable: +€1.9m
- Tangible fixed assets -€302,875
down €302,875 (-27.2%), from €1.1m to €809,543
of which Plant, machinery and equipment: -€184,763
- Stocks and contracts -€273,730
down €273,730 (-32.3%), from €846,862 to €573,132
- Other debts -€3.0m
down €3.0m (-74.8%), from €4.0m to €1.0m
- Short-term financial debts +€1.0m
up €1.0m (+100.0%), from €1.0m to €2.0m
- Debts after one year +€844,785
up €844,785 (+140.9%), from €599,715 to €1.4m
- Trade debts -€555,579
down €555,579 (-35.2%), from €1.6m to €1.0m
- Tax, wage and social debts -€435,917
down €435,917 (-54.8%), from €794,878 to €358,961
of which Taxes: -€412,121
- Gross operating margin -€563,121
down €563,121 (-11.7%), from €4.8m to €4.3m
- Staff costs -€478,591
down €478,591 (-20.4%), from €2.4m to €1.9m
- Write-downs +€52,336
up €52,336 (+253.9%), from €20,613 to €72,948
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 | €14,077,513 | €12,580,293 | -€1.5m | -10.6% |
| Fixed assets | 21/28 | €1,112,418 | €809,543 | -€302,875 | -27.2% |
| Tangible fixed assets | 22/27 | €1,112,418 | €809,543 | -€302,875 | -27.2% |
| Land and buildings | 22 | €446,915 | €393,751 | -€53,164 | -11.9% |
| Plant, machinery and equipment | 23 | €422,375 | €237,612 | -€184,763 | -43.7% |
| Furniture and vehicles | 24 | €147,017 | €92,820 | -€54,197 | -36.9% |
| Other tangible fixed assets | 26 | €95,710 | €84,960 | -€10,750 | -11.2% |
| Assets under construction and advance payments | 27 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €12,965,095 | €11,770,750 | -€1.2m | -9.2% |
| Stocks and contracts in progress | 3 | €846,862 | €573,132 | -€273,730 | -32.3% |
| Stocks | 30/36 | €846,862 | €573,132 | -€273,730 | -32.3% |
| Amounts receivable within one year | 40/41 | €8,036,456 | €9,417,354 | +€1.4m | +17.2% |
| Trade receivables | 40 | €3,659,624 | €3,169,461 | -€490,163 | -13.4% |
| Other amounts receivable | 41 | €4,376,832 | €6,247,893 | +€1.9m | +42.7% |
| Current investments | 50/53 | €527 | €527 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,081,251 | €1,778,809 | -€2.3m | -56.4% |
| Deferred charges and accrued income | 490/1 | - | €928 | +€928 | |
| Total equity and liabilities | 10/49 | €14,077,513 | €12,580,293 | -€1.5m | -10.6% |
| Equity | 10/15 | €5,549,364 | €5,903,281 | +€353,917 | +6.4% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €4,549,364 | €4,549,364 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €4,449,364 | €4,449,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €353,917 | +€353,917 | |
| Amounts payable | 17/49 | €8,528,149 | €6,677,012 | -€1.9m | -21.7% |
| Amounts payable after more than one year | 17 | €599,715 | €1,444,500 | +€844,785 | +140.9% |
| Financial debts | 170/4 | €599,715 | €1,444,500 | +€844,785 | +140.9% |
| Amounts payable within one year | 42/48 | €7,928,433 | €5,232,512 | -€2.7m | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €541,949 | €837,523 | +€295,574 | +54.5% |
| Financial debts | 43 | €1,000,000 | €2,000,000 | +€1.0m | +100.0% |
| Credit institutions | 430/8 | €1,000,000 | €2,000,000 | +€1.0m | +100.0% |
| Trade debts | 44 | €1,579,288 | €1,023,709 | -€555,579 | -35.2% |
| Suppliers | 440/4 | €1,579,288 | €1,023,709 | -€555,579 | -35.2% |
| Taxes, remuneration and social security | 45 | €794,878 | €358,961 | -€435,917 | -54.8% |
| Taxes | 450/3 | €508,623 | €96,502 | -€412,121 | -81.0% |
| Remuneration and social security | 454/9 | €286,255 | €262,459 | -€23,796 | -8.3% |
| Other amounts payable | 47/48 | €4,012,319 | €1,012,319 | -€3.0m | -74.8% |
| Non-recurring operating income | 76A | - | €379,970 | +€379,970 | |
| Remuneration, social security and pensions | 62 | €2,350,127 | €1,871,537 | -€478,591 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292,899 | €279,314 | -€13,585 | -4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,613 | €72,948 | +€52,336 | +253.9% |
| Other operating charges | 640/8 | €97,028 | €63,608 | -€33,420 | -34.4% |
| Non-recurring operating charges | 66A | €500 | - | -€500 | |
| Gross operating margin | 9900 | €4,821,162 | €4,258,042 | -€563,121 | -11.7% |
| Operating profit (loss) | 9901 | €2,059,996 | €1,970,635 | -€89,361 | -4.3% |
| Financial income | 75/76B | €5,750 | €4,127 | -€1,623 | -28.2% |
| Recurring financial income | 75 | €1,392 | €4,127 | +€2,735 | +196.5% |
| Non-recurring financial income | 76B | €4,358 | - | -€4,358 | |
| Financial charges | 65/66B | €142,049 | €145,293 | +€3,244 | +2.3% |
| Recurring financial charges | 65 | €142,049 | €145,293 | +€3,244 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €1,923,696 | €1,829,469 | -€94,227 | -4.9% |
| Income taxes | 67/77 | €498,255 | €475,551 | -€22,704 | -4.6% |
| Profit (loss) for the period | 9904 | €1,425,441 | €1,353,917 | -€71,523 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,425,441 | €1,353,917 | -€71,523 | -5.0% |
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 9 October 2026 via checked.be.