SEAN: 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.
SEAN
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€40,098
up €40,098 (+58.3%), from -€68,809 to -€28,711
- Other debts -€32,218
down €32,218 (-21.8%), from €147,885 to €115,667
- Reserves -€13,379
down €13,379 (-3.5%), from €387,422 to €374,043
of which Tax-exempt reserves: -€13,379
- Depreciation -€3,677
down €3,677 (-12.8%), from €28,618 to €24,941
- Gross operating margin +€2,683
up €2,683 (+4.4%), from €61,624 to €64,307
- Taxes +€2,546
up €2,546 (+2916.5%), from €87 to €2,633
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €869,197 | €861,392 | -€7,805 | -0.9% |
| Fixed assets | 21/28 | €796,402 | €792,301 | -€4,101 | -0.5% |
| Tangible fixed assets | 22/27 | €796,402 | €792,301 | -€4,101 | -0.5% |
| Land and buildings | 22 | €796,402 | €792,301 | -€4,101 | -0.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €72,796 | €69,091 | -€3,705 | -5.1% |
| Amounts receivable within one year | 40/41 | €0 | €2,395 | +€2,395 | |
| Other amounts receivable | 41 | €0 | €2,395 | +€2,395 | |
| Cash at bank and in hand | 54/58 | €71,049 | €64,566 | -€6,484 | -9.1% |
| Deferred charges and accrued income | 490/1 | €1,746 | €2,130 | +€384 | +22.0% |
| Total equity and liabilities | 10/49 | €869,197 | €861,392 | -€7,805 | -0.9% |
| Equity | 10/15 | €580,413 | €607,133 | +€26,719 | +4.6% |
| Contributions | 10/11 | €261,800 | €261,800 | = | 0.0% |
| Capital | 10 | €261,800 | €261,800 | = | 0.0% |
| Issued capital | 100 | €261,800 | €261,800 | = | 0.0% |
| Reserves | 13 | €387,422 | €374,043 | -€13,379 | -3.5% |
| Non-distributable reserves | 130/1 | €52,000 | €52,000 | = | 0.0% |
| Legal reserve | 130 | €52,000 | €52,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €331,949 | €318,570 | -€13,379 | -4.0% |
| Distributable reserves | 133 | €3,473 | €3,473 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,809 | -€28,711 | +€40,098 | +58.3% |
| Provisions and deferred taxes | 16 | €139,436 | €133,816 | -€5,620 | -4.0% |
| Deferred taxes | 168 | €139,436 | €133,816 | -€5,620 | -4.0% |
| Amounts payable | 17/49 | €149,348 | €120,443 | -€28,905 | -19.4% |
| Amounts payable within one year | 42/48 | €148,073 | €120,443 | -€27,629 | -18.7% |
| Trade debts | 44 | €110 | €4,776 | +€4,667 | +4261.7% |
| Suppliers | 440/4 | €110 | €4,776 | +€4,667 | +4261.7% |
| Taxes, remuneration and social security | 45 | €78 | €0 | -€78 | -100.0% |
| Taxes | 450/3 | €78 | €0 | -€78 | -100.0% |
| Other amounts payable | 47/48 | €147,885 | €115,667 | -€32,218 | -21.8% |
| Accrued charges and deferred income | 492/3 | €1,275 | €0 | -€1,275 | -100.0% |
| Non-recurring operating income | 76A | €21 | €0 | -€21 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,618 | €24,941 | -€3,677 | -12.8% |
| Other operating charges | 640/8 | €15,363 | €15,682 | +€319 | +2.1% |
| Gross operating margin | 9900 | €61,624 | €64,307 | +€2,683 | +4.4% |
| Operating profit (loss) | 9901 | €17,644 | €23,685 | +€6,041 | +34.2% |
| Financial income | 75/76B | €109 | €108 | -€1 | -1.2% |
| Recurring financial income | 75 | €109 | €108 | -€1 | -1.2% |
| Financial charges | 65/66B | €89 | €60 | -€29 | -32.2% |
| Recurring financial charges | 65 | €89 | €60 | -€29 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €17,664 | €23,732 | +€6,068 | +34.4% |
| Transfer from deferred taxes | 780 | €5,620 | €5,620 | = | 0.0% |
| Income taxes | 67/77 | €87 | €2,633 | +€2,546 | +2916.5% |
| Profit (loss) for the period | 9904 | €23,197 | €26,719 | +€3,523 | +15.2% |
| Transfer from tax-exempt reserves | 789 | €13,379 | €13,379 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,576 | €40,098 | +€3,523 | +9.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.