SEAMLESS: 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.
SEAMLESS
Largest movements
- Receivables within one year +€7,301
up €7,301 (+69.1%), from €10,559 to €17,860
- Tangible fixed assets +€3,719
up €3,719 (+39.9%), from €9,318 to €13,037
of which Plant, machinery and equipment: +€2,534
- Cash +€2,016
up €2,016 (+48.0%), from €4,196 to €6,212
mainly Current portion of long-term debt (+€7,705) and Trade debts (+€6,035)
- Financial fixed assets +€1,410
new in 2025: €1,410
- Deferred charges and accrued income -€442
down €442 (-8.6%), from €5,116 to €4,674
- Current portion of long-term debt +€7,705
new in 2025: €7,705
- Trade debts +€6,035
up €6,035 (+225.9%), from €2,672 to €8,707
- Other debts +€3,344
up €3,344 (+38.6%), from €8,660 to €12,004
- Tax, wage and social debts -€2,412
down €2,412 (-32.8%), from €7,350 to €4,937
of which Taxes: -€3,112
- Reserves -€700
down €700 (-7.4%), from €9,500 to €8,800
- Gross operating margin -€2,771
down €2,771 (-30.6%), from €9,054 to €6,283
- Depreciation +€1,557
up €1,557 (+58.2%), from €2,675 to €4,232
- Taxes -€1,476
down €1,476 (-99.9%), from €1,477 to €1
- Financial charges +€486
up €486 (+37.2%), from €1,307 to €1,793
- Other operating charges +€352
up €352 (+60.9%), from €577 to €929
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 | €29,189 | €43,192 | +€14,003 | +48.0% |
| Fixed assets | 21/28 | €9,318 | €14,447 | +€5,129 | +55.0% |
| Tangible fixed assets | 22/27 | €9,318 | €13,037 | +€3,719 | +39.9% |
| Plant, machinery and equipment | 23 | €9,318 | €11,853 | +€2,534 | +27.2% |
| Furniture and vehicles | 24 | - | €1,185 | +€1,185 | |
| Financial fixed assets | 28 | - | €1,410 | +€1,410 | |
| Current assets | 29/58 | €19,871 | €28,745 | +€8,874 | +44.7% |
| Amounts receivable within one year | 40/41 | €10,559 | €17,860 | +€7,301 | +69.1% |
| Trade receivables | 40 | €10,559 | €17,860 | +€7,301 | +69.1% |
| Cash at bank and in hand | 54/58 | €4,196 | €6,212 | +€2,016 | +48.0% |
| Deferred charges and accrued income | 490/1 | €5,116 | €4,674 | -€442 | -8.6% |
| Total equity and liabilities | 10/49 | €29,189 | €43,192 | +€14,003 | +48.0% |
| Equity | 10/15 | €10,507 | €9,838 | -€669 | -6.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €9,500 | €8,800 | -€700 | -7.4% |
| Distributable reserves | 133 | €9,500 | €8,800 | -€700 | -7.4% |
| Profit (loss) carried forward | 14 | €7 | €38 | +€31 | +425.3% |
| Amounts payable | 17/49 | €18,682 | €33,354 | +€14,672 | +78.5% |
| Amounts payable within one year | 42/48 | €18,682 | €33,354 | +€14,672 | +78.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,705 | +€7,705 | |
| Trade debts | 44 | €2,672 | €8,707 | +€6,035 | +225.9% |
| Suppliers | 440/4 | €2,672 | €8,707 | +€6,035 | +225.9% |
| Taxes, remuneration and social security | 45 | €7,350 | €4,937 | -€2,412 | -32.8% |
| Taxes | 450/3 | €7,350 | €4,237 | -€3,112 | -42.3% |
| Remuneration and social security | 454/9 | - | €700 | +€700 | |
| Other amounts payable | 47/48 | €8,660 | €12,004 | +€3,344 | +38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,675 | €4,232 | +€1,557 | +58.2% |
| Other operating charges | 640/8 | €577 | €929 | +€352 | +60.9% |
| Gross operating margin | 9900 | €9,054 | €6,283 | -€2,771 | -30.6% |
| Operating profit (loss) | 9901 | €5,801 | €1,122 | -€4,680 | -80.7% |
| Financial income | 75/76B | €0 | €3 | +€3 | +17050.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +17050.0% |
| Financial charges | 65/66B | €1,307 | €1,793 | +€486 | +37.2% |
| Recurring financial charges | 65 | €1,307 | €1,793 | +€486 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €4,494 | -€668 | -€5,162 | |
| Income taxes | 67/77 | €1,477 | €1 | -€1,476 | -99.9% |
| Profit (loss) for the period | 9904 | €3,017 | -€669 | -€3,686 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,017 | -€669 | -€3,686 |
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 9 October 2026 via checked.be.