SEAMORE: 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.
SEAMORE
Largest movements
- Tangible fixed assets -€43,156
down €43,156 (-3.7%), from €1.2m to €1.1m
- Profit (loss) carried forward -€18,540
down €18,540 (-16.9%), from -€109,839 to -€128,379
- Other debts -€17,868
down €17,868 (-1.5%), from €1.2m to €1.2m
- Gross operating margin +€16,488
up €16,488 (+94.1%), from €17,528 to €34,016
- Depreciation +€836
up €836 (+1.8%), from €46,675 to €47,511
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 | €1,186,524 | €1,143,277 | -€43,247 | -3.6% |
| Fixed assets | 21/28 | €1,158,077 | €1,114,921 | -€43,156 | -3.7% |
| Tangible fixed assets | 22/27 | €1,158,077 | €1,114,921 | -€43,156 | -3.7% |
| Land and buildings | 22 | €1,158,077 | €1,114,921 | -€43,156 | -3.7% |
| Current assets | 29/58 | €28,447 | €28,356 | -€91 | -0.3% |
| Stocks and contracts in progress | 3 | €540 | - | -€540 | |
| Stocks | 30/36 | €540 | - | -€540 | |
| Amounts receivable within one year | 40/41 | €23,353 | €21,660 | -€1,693 | -7.2% |
| Trade receivables | 40 | €23,353 | €21,660 | -€1,693 | -7.2% |
| Current investments | 50/53 | €3,476 | €5,588 | +€2,112 | +60.8% |
| Cash at bank and in hand | 54/58 | €1,078 | €1,108 | +€30 | +2.8% |
| Total equity and liabilities | 10/49 | €1,186,524 | €1,143,277 | -€43,247 | -3.6% |
| Equity | 10/15 | -€14,125 | -€32,665 | -€18,540 | -131% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Capital | 10 | €93,000 | €93,000 | = | 0.0% |
| Issued capital | 100 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €2,714 | €2,714 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,714 | €2,714 | = | 0.0% |
| Legal reserve | 130 | €2,714 | €2,714 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,839 | -€128,379 | -€18,540 | -16.9% |
| Amounts payable | 17/49 | €1,200,649 | €1,175,942 | -€24,707 | -2.1% |
| Amounts payable within one year | 42/48 | €1,200,649 | €1,175,942 | -€24,707 | -2.1% |
| Trade debts | 44 | €7,186 | €5,844 | -€1,342 | -18.7% |
| Suppliers | 440/4 | €7,186 | €5,844 | -€1,342 | -18.7% |
| Taxes, remuneration and social security | 45 | €11,504 | €6,007 | -€5,497 | -47.8% |
| Taxes | 450/3 | €11,504 | €6,007 | -€5,497 | -47.8% |
| Other amounts payable | 47/48 | €1,181,959 | €1,164,091 | -€17,868 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,675 | €47,511 | +€836 | +1.8% |
| Other operating charges | 640/8 | €5,920 | €6,129 | +€209 | +3.5% |
| Gross operating margin | 9900 | €17,528 | €34,016 | +€16,488 | +94.1% |
| Operating profit (loss) | 9901 | -€35,067 | -€19,624 | +€15,443 | +44.0% |
| Financial income | 75/76B | €957 | €1,125 | +€168 | +17.6% |
| Recurring financial income | 75 | €957 | €1,125 | +€168 | +17.6% |
| Financial charges | 65/66B | €39 | €41 | +€2 | +5.1% |
| Recurring financial charges | 65 | €39 | €41 | +€2 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€34,149 | -€18,540 | +€15,609 | +45.7% |
| Profit (loss) for the period | 9904 | -€34,149 | -€18,540 | +€15,609 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,149 | -€18,540 | +€15,609 | +45.7% |
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 16 October 2026 via checked.be.