SEANERGIE: 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.
SEANERGIE
Largest movements
- Tangible fixed assets -€159,614
down €159,614 (-54.2%), from €294,224 to €134,609
of which Land and buildings: -€144,087
- Receivables within one year -€148,160
down €148,160 (-16.7%), from €885,771 to €737,611
of which Other amounts receivable: -€144,567
- Cash +€39,136
up €39,136 (+32.7%), from €119,686 to €158,822
mainly Receivables within one year (+€148,160) and Investment in fixed assets (net) (+€120,395)
- Trade debts -€336,672
down €336,672 (-61.1%), from €551,039 to €214,366
- Profit (loss) carried forward +€92,012
up €92,012 (+44.1%), from €208,450 to €300,462
- Tax, wage and social debts -€52,958
down €52,958 (-45.6%), from €116,191 to €63,233
of which Remuneration and social security: -€35,164
- Accrued charges and deferred income +€51,460
up €51,460 (+114%), from €45,265 to €96,725
- Debts after one year -€34,140
down €34,140 (-68.9%), from €49,522 to €15,382
- Depreciation -€30,980
down €30,980 (-44.1%), from €70,199 to €39,219
- Staff costs -€27,559
down €27,559 (-4.4%), from €624,910 to €597,351
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.
Derived cash bridge
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 | €1,412,831 | €1,145,851 | -€266,980 | -18.9% |
| Fixed assets | 21/28 | €321,651 | €162,036 | -€159,614 | -49.6% |
| Tangible fixed assets | 22/27 | €294,224 | €134,609 | -€159,614 | -54.2% |
| Land and buildings | 22 | €195,030 | €50,944 | -€144,087 | -73.9% |
| Plant, machinery and equipment | 23 | €68,787 | €57,241 | -€11,546 | -16.8% |
| Furniture and vehicles | 24 | €30,406 | €26,425 | -€3,982 | -13.1% |
| Financial fixed assets | 28 | €27,427 | €27,427 | = | 0.0% |
| Current assets | 29/58 | €1,091,180 | €983,814 | -€107,365 | -9.8% |
| Stocks and contracts in progress | 3 | €85,723 | €79,948 | -€5,775 | -6.7% |
| Stocks | 30/36 | €85,723 | €79,948 | -€5,775 | -6.7% |
| Amounts receivable within one year | 40/41 | €885,771 | €737,611 | -€148,160 | -16.7% |
| Trade receivables | 40 | €499,522 | €495,929 | -€3,593 | -0.7% |
| Other amounts receivable | 41 | €386,249 | €241,682 | -€144,567 | -37.4% |
| Cash at bank and in hand | 54/58 | €119,686 | €158,822 | +€39,136 | +32.7% |
| Deferred charges and accrued income | 490/1 | - | €7,434 | +€7,434 | |
| Total equity and liabilities | 10/49 | €1,412,831 | €1,145,851 | -€266,980 | -18.9% |
| Equity | 10/15 | €232,829 | €324,840 | +€92,012 | +39.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,786 | €5,786 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,927 | €3,927 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €208,450 | €300,462 | +€92,012 | +44.1% |
| Amounts payable | 17/49 | €1,180,002 | €821,010 | -€358,991 | -30.4% |
| Amounts payable after more than one year | 17 | €49,522 | €15,382 | -€34,140 | -68.9% |
| Financial debts | 170/4 | €49,522 | €15,382 | -€34,140 | -68.9% |
| Amounts payable within one year | 42/48 | €1,085,215 | €708,903 | -€376,311 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €77,985 | €69,304 | -€8,681 | -11.1% |
| Financial debts | 43 | €340,000 | €345,000 | +€5,000 | +1.5% |
| Credit institutions | 430/8 | €340,000 | €345,000 | +€5,000 | +1.5% |
| Trade debts | 44 | €551,039 | €214,366 | -€336,672 | -61.1% |
| Suppliers | 440/4 | €551,039 | €214,366 | -€336,672 | -61.1% |
| Taxes, remuneration and social security | 45 | €116,191 | €63,233 | -€52,958 | -45.6% |
| Taxes | 450/3 | €22,619 | €4,825 | -€17,794 | -78.7% |
| Remuneration and social security | 454/9 | €93,573 | €58,408 | -€35,164 | -37.6% |
| Other amounts payable | 47/48 | - | €17,000 | +€17,000 | |
| Accrued charges and deferred income | 492/3 | €45,265 | €96,725 | +€51,460 | +114% |
| Non-recurring operating income | 76A | €70,276 | €119,911 | +€49,634 | +70.6% |
| Remuneration, social security and pensions | 62 | €624,910 | €597,351 | -€27,559 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,199 | €39,219 | -€30,980 | -44.1% |
| Other operating charges | 640/8 | €12,691 | €12,014 | -€678 | -5.3% |
| Gross operating margin | 9900 | €785,046 | €778,886 | -€6,160 | -0.8% |
| Operating profit (loss) | 9901 | €77,245 | €130,302 | +€53,057 | +68.7% |
| Financial income | 75/76B | €818 | €3,185 | +€2,367 | +289% |
| Recurring financial income | 75 | €818 | €3,185 | +€2,367 | +289% |
| Financial charges | 65/66B | €44,144 | €41,476 | -€2,668 | -6.0% |
| Recurring financial charges | 65 | €44,144 | €41,476 | -€2,668 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €33,919 | €92,012 | +€58,092 | +171% |
| Profit (loss) for the period | 9904 | €33,919 | €92,012 | +€58,092 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €33,919 | €92,012 | +€58,092 | +171% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.