SEAMMO: 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.
SEAMMO
Largest movements
- Cash +€6,296
up €6,296 (+75.5%), from €8,342 to €14,638
mainly Net result for the year (+€3,797) and Depreciation (+€3,297)
- Tangible fixed assets -€3,297
down €3,297 (-3.9%), from €84,278 to €80,981
- Reserves +€5,343
up €5,343 (+15.1%), from €35,362 to €40,705
of which Distributable reserves: +€5,343
- Profit (loss) carried forward -€1,546
down €1,546 (-28.9%), from €5,343 to €3,797
- Gross operating margin -€1,855
down €1,855 (-15.6%), from €11,856 to €10,001
- Purchases and services +€1,581
up €1,581 (+65.5%), from €2,413 to €3,994
- Taxes -€359
down €359 (-20.2%), from €1,781 to €1,422
- Turnover -€274
down €274 (-1.9%), from €14,269 to €13,995
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 | €94,457 | €97,462 | +€3,005 | +3.2% |
| Fixed assets | 21/28 | €84,278 | €80,981 | -€3,297 | -3.9% |
| Tangible fixed assets | 22/27 | €84,278 | €80,981 | -€3,297 | -3.9% |
| Land and buildings | 22 | €84,278 | €80,981 | -€3,297 | -3.9% |
| Current assets | 29/58 | €10,179 | €16,481 | +€6,302 | +61.9% |
| Amounts receivable within one year | 40/41 | €1,682 | €1,682 | = | 0.0% |
| Trade receivables | 40 | - | €1,682 | +€1,682 | |
| Other amounts receivable | 41 | €1,682 | - | -€1,682 | |
| Cash at bank and in hand | 54/58 | €8,342 | €14,638 | +€6,296 | +75.5% |
| Deferred charges and accrued income | 490/1 | €155 | €161 | +€6 | +3.9% |
| Total equity and liabilities | 10/49 | €94,457 | €97,462 | +€3,005 | +3.2% |
| Equity | 10/15 | €59,705 | €63,502 | +€3,797 | +6.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €35,362 | €40,705 | +€5,343 | +15.1% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €33,462 | €38,805 | +€5,343 | +16.0% |
| Profit (loss) carried forward | 14 | €5,343 | €3,797 | -€1,546 | -28.9% |
| Amounts payable | 17/49 | €34,752 | €33,960 | -€792 | -2.3% |
| Amounts payable within one year | 42/48 | €34,752 | €33,960 | -€792 | -2.3% |
| Trade debts | 44 | €7,450 | €7,593 | +€143 | +1.9% |
| Suppliers | 440/4 | €7,450 | €7,593 | +€143 | +1.9% |
| Advances received on contracts in progress | 46 | €1,189 | €610 | -€579 | -48.7% |
| Taxes, remuneration and social security | 45 | €1,778 | €1,422 | -€356 | -20.0% |
| Taxes | 450/3 | €1,778 | €1,422 | -€356 | -20.0% |
| Other amounts payable | 47/48 | €24,335 | €24,335 | = | 0.0% |
| Turnover | 70 | €14,269 | €13,995 | -€274 | -1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,413 | €3,994 | +€1,581 | +65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,297 | €3,297 | = | 0.0% |
| Other operating charges | 640/8 | €1,390 | €1,434 | +€44 | +3.2% |
| Gross operating margin | 9900 | €11,856 | €10,001 | -€1,855 | -15.6% |
| Operating profit (loss) | 9901 | €7,169 | €5,270 | -€1,899 | -26.5% |
| Financial charges | 65/66B | €45 | €51 | +€6 | +13.3% |
| Recurring financial charges | 65 | €45 | €51 | +€6 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €7,124 | €5,219 | -€1,905 | -26.7% |
| Income taxes | 67/77 | €1,781 | €1,422 | -€359 | -20.2% |
| Profit (loss) for the period | 9904 | €5,343 | €3,797 | -€1,546 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,343 | €3,797 | -€1,546 | -28.9% |
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.