SeaMind: 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.
SeaMind
Largest movements
- Current investments +€47,287
up €47,287 (+97.1%), from €48,713 to €96,000
- Cash +€44,734
up €44,734 (+251.1%), from €17,815 to €62,549
mainly Net result for the year (+€89,599) and Depreciation (+€8,339)
- Receivables within one year +€9,002
up €9,002 (+18.9%), from €47,694 to €56,696
of which Other amounts receivable: +€10,021
- Tangible fixed assets -€8,339
down €8,339 (-20.9%), from €39,891 to €31,552
of which Furniture and vehicles: -€6,450
- Profit (loss) carried forward +€89,599
new in 2025: €89,599
- Tax, wage and social debts +€3,329
up €3,329 (+10.6%), from €31,282 to €34,611
- Gross operating margin +€18,636
up €18,636 (+18.4%), from €101,432 to €120,068
- Taxes +€4,800
up €4,800 (+25.1%), from €19,134 to €23,934
- Financial income +€1,881
up €1,881 (+7980.4%), from €24 to €1,905
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 | €156,053 | €249,559 | +€93,506 | +59.9% |
| Fixed assets | 21/28 | €39,891 | €31,552 | -€8,339 | -20.9% |
| Tangible fixed assets | 22/27 | €39,891 | €31,552 | -€8,339 | -20.9% |
| Plant, machinery and equipment | 23 | €2,218 | €1,769 | -€450 | -20.3% |
| Furniture and vehicles | 24 | €24,490 | €18,040 | -€6,450 | -26.3% |
| Other tangible fixed assets | 26 | €13,182 | €11,743 | -€1,439 | -10.9% |
| Current assets | 29/58 | €116,163 | €218,008 | +€101,845 | +87.7% |
| Amounts receivable within one year | 40/41 | €47,694 | €56,696 | +€9,002 | +18.9% |
| Trade receivables | 40 | €33,589 | €32,570 | -€1,019 | -3.0% |
| Other amounts receivable | 41 | €14,105 | €24,126 | +€10,021 | +71.0% |
| Current investments | 50/53 | €48,713 | €96,000 | +€47,287 | +97.1% |
| Cash at bank and in hand | 54/58 | €17,815 | €62,549 | +€44,734 | +251.1% |
| Deferred charges and accrued income | 490/1 | €1,940 | €2,762 | +€822 | +42.3% |
| Total equity and liabilities | 10/49 | €156,053 | €249,559 | +€93,506 | +59.9% |
| Equity | 10/15 | €124,665 | €214,264 | +€89,599 | +71.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €120,665 | €120,665 | = | 0.0% |
| Distributable reserves | 133 | €120,665 | €120,665 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €89,599 | +€89,599 | |
| Amounts payable | 17/49 | €31,389 | €35,295 | +€3,907 | +12.4% |
| Amounts payable within one year | 42/48 | €31,389 | €35,295 | +€3,907 | +12.4% |
| Trade debts | 44 | €106 | €684 | +€578 | +543.9% |
| Suppliers | 440/4 | €106 | €684 | +€578 | +543.9% |
| Taxes, remuneration and social security | 45 | €31,282 | €34,611 | +€3,329 | +10.6% |
| Taxes | 450/3 | €31,282 | €34,611 | +€3,329 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,810 | €8,339 | +€529 | +6.8% |
| Gross operating margin | 9900 | €101,432 | €120,068 | +€18,636 | +18.4% |
| Operating profit (loss) | 9901 | €93,622 | €111,729 | +€18,107 | +19.3% |
| Financial income | 75/76B | €24 | €1,905 | +€1,881 | +7980.4% |
| Recurring financial income | 75 | €24 | €1,905 | +€1,881 | +7980.4% |
| Financial charges | 65/66B | €156 | €100 | -€55 | -35.5% |
| Recurring financial charges | 65 | €156 | €100 | -€55 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €93,490 | €113,533 | +€20,043 | +21.4% |
| Income taxes | 67/77 | €19,134 | €23,934 | +€4,800 | +25.1% |
| Profit (loss) for the period | 9904 | €74,356 | €89,599 | +€15,243 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,356 | €89,599 | +€15,243 | +20.5% |
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 6 October 2026 via checked.be.