SEAN: 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.
SEAN
Largest movements
- Cash +€28,463
up €28,463 (+121.3%), from €23,464 to €51,927
mainly Net result for the year (+€46,635) and Other debts (+€30,459)
- Tangible fixed assets -€5,623
down €5,623 (-27.4%), from €20,499 to €14,876
- Other debts +€30,459
up €30,459 (+147.3%), from €20,675 to €51,134
- Debts after one year -€9,974
down €9,974 (-11.7%), from €85,379 to €75,404
- Tax, wage and social debts +€3,914
up €3,914 (+50.9%), from €7,692 to €11,606
- Reserves -€3,365
down €3,365 (-3.3%), from €101,835 to €98,470
- Gross operating margin +€20,979
up €20,979 (+43.9%), from €47,812 to €68,791
- Taxes +€5,633
up €5,633 (+50.3%), from €11,199 to €16,832
- Financial income +€3,109
up €3,109 (+53.0%), from €5,866 to €8,975
- Financial charges -€2,494
down €2,494 (-30.3%), from €8,235 to €5,741
- Other operating charges +€1,221
up €1,221 (+71.2%), from €1,715 to €2,936
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 | €241,851 | €263,843 | +€21,992 | +9.1% |
| Fixed assets | 21/28 | €20,499 | €14,956 | -€5,543 | -27.0% |
| Tangible fixed assets | 22/27 | €20,499 | €14,876 | -€5,623 | -27.4% |
| Furniture and vehicles | 24 | €20,499 | €14,876 | -€5,623 | -27.4% |
| Financial fixed assets | 28 | - | €80 | +€80 | |
| Current assets | 29/58 | €221,352 | €248,887 | +€27,534 | +12.4% |
| Amounts receivable after more than one year | 29 | €176,000 | €176,000 | = | 0.0% |
| Other amounts receivable | 291 | €176,000 | €176,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,125 | €18,251 | +€125 | +0.7% |
| Trade receivables | 40 | €16,195 | €14,678 | -€1,517 | -9.4% |
| Other amounts receivable | 41 | €1,931 | €3,573 | +€1,642 | +85.1% |
| Cash at bank and in hand | 54/58 | €23,464 | €51,927 | +€28,463 | +121.3% |
| Deferred charges and accrued income | 490/1 | €3,763 | €2,709 | -€1,054 | -28.0% |
| Total equity and liabilities | 10/49 | €241,851 | €263,843 | +€21,992 | +9.1% |
| Equity | 10/15 | €120,435 | €117,070 | -€3,365 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,835 | €98,470 | -€3,365 | -3.3% |
| Distributable reserves | 133 | €101,835 | €98,470 | -€3,365 | -3.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €121,416 | €146,773 | +€25,357 | +20.9% |
| Amounts payable after more than one year | 17 | €85,379 | €75,404 | -€9,974 | -11.7% |
| Financial debts | 170/4 | €85,379 | €75,404 | -€9,974 | -11.7% |
| Amounts payable within one year | 42/48 | €29,259 | €64,063 | +€34,803 | +118.9% |
| Trade debts | 44 | €892 | €1,323 | +€431 | +48.4% |
| Suppliers | 440/4 | €892 | €1,323 | +€431 | +48.4% |
| Taxes, remuneration and social security | 45 | €7,692 | €11,606 | +€3,914 | +50.9% |
| Taxes | 450/3 | €7,692 | €11,606 | +€3,914 | +50.9% |
| Other amounts payable | 47/48 | €20,675 | €51,134 | +€30,459 | +147.3% |
| Accrued charges and deferred income | 492/3 | €6,778 | €7,306 | +€528 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,737 | €5,623 | +€885 | +18.7% |
| Other operating charges | 640/8 | €1,715 | €2,936 | +€1,221 | +71.2% |
| Gross operating margin | 9900 | €47,812 | €68,791 | +€20,979 | +43.9% |
| Operating profit (loss) | 9901 | €41,359 | €60,233 | +€18,873 | +45.6% |
| Financial income | 75/76B | €5,866 | €8,975 | +€3,109 | +53.0% |
| Recurring financial income | 75 | €5,866 | €8,975 | +€3,109 | +53.0% |
| Financial charges | 65/66B | €8,235 | €5,741 | -€2,494 | -30.3% |
| Recurring financial charges | 65 | €8,235 | €5,741 | -€2,494 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €38,990 | €63,467 | +€24,477 | +62.8% |
| Income taxes | 67/77 | €11,199 | €16,832 | +€5,633 | +50.3% |
| Profit (loss) for the period | 9904 | €27,791 | €46,635 | +€18,844 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,791 | €46,635 | +€18,844 | +67.8% |
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 11 October 2026 via checked.be.