SEANSTEY: 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.
SEANSTEY
Largest movements
- Current investments +€12,000
new in 2025: €12,000
- Receivables within one year +€11,425
up €11,425 (+45.2%), from €25,294 to €36,719
of which Other amounts receivable: +€9,813
- Cash -€9,571
down €9,571 (-14.0%), from €68,598 to €59,027
mainly Current investments (-€12,000) and Receivables within one year (-€11,425)
- Tangible fixed assets +€4,871
up €4,871 (+105%), from €4,639 to €9,511
- Reserves +€29,373
new in 2025: €29,373
- Tax, wage and social debts -€10,147
down €10,147 (-35.6%), from €28,535 to €18,388
of which Taxes: -€12,640
- Gross operating margin -€44,168
down €44,168 (-50.9%), from €86,771 to €42,603
- Taxes -€6,068
down €6,068 (-35.0%), from €17,317 to €11,249
- Depreciation +€1,871
up €1,871 (+560%), from €334 to €2,205
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 | €98,531 | €117,257 | +€18,726 | +19.0% |
| Fixed assets | 21/28 | €4,639 | €9,511 | +€4,871 | +105% |
| Tangible fixed assets | 22/27 | €4,639 | €9,511 | +€4,871 | +105% |
| Furniture and vehicles | 24 | €4,639 | €9,511 | +€4,871 | +105% |
| Current assets | 29/58 | €93,892 | €107,746 | +€13,854 | +14.8% |
| Amounts receivable within one year | 40/41 | €25,294 | €36,719 | +€11,425 | +45.2% |
| Trade receivables | 40 | €25,161 | €26,774 | +€1,613 | +6.4% |
| Other amounts receivable | 41 | €133 | €9,946 | +€9,813 | +7,379% |
| Current investments | 50/53 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €68,598 | €59,027 | -€9,571 | -14.0% |
| Total equity and liabilities | 10/49 | €98,531 | €117,257 | +€18,726 | +19.0% |
| Equity | 10/15 | €69,119 | €98,492 | +€29,373 | +42.5% |
| Reserves | 13 | - | €29,373 | +€29,373 | |
| Distributable reserves | 133 | - | €29,373 | +€29,373 | |
| Profit (loss) carried forward | 14 | €69,119 | €69,119 | = | 0.0% |
| Amounts payable | 17/49 | €29,412 | €18,765 | -€10,647 | -36.2% |
| Amounts payable within one year | 42/48 | €29,412 | €18,765 | -€10,647 | -36.2% |
| Trade debts | 44 | €644 | €377 | -€267 | -41.5% |
| Suppliers | 440/4 | €644 | €377 | -€267 | -41.5% |
| Taxes, remuneration and social security | 45 | €28,535 | €18,388 | -€10,147 | -35.6% |
| Taxes | 450/3 | €28,535 | €15,895 | -€12,640 | -44.3% |
| Remuneration and social security | 454/9 | - | €2,493 | +€2,493 | |
| Other amounts payable | 47/48 | €233 | - | -€233 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334 | €2,205 | +€1,871 | +560% |
| Gross operating margin | 9900 | €86,771 | €42,603 | -€44,168 | -50.9% |
| Operating profit (loss) | 9901 | €86,437 | €40,398 | -€46,039 | -53.3% |
| Financial income | 75/76B | - | €253 | +€253 | |
| Recurring financial income | 75 | - | €253 | +€253 | |
| Financial charges | 65/66B | €1 | €28 | +€27 | +2,947% |
| Recurring financial charges | 65 | €1 | €28 | +€27 | +2,947% |
| Profit (loss) for the period before taxes | 9903 | €86,436 | €40,622 | -€45,814 | -53.0% |
| Income taxes | 67/77 | €17,317 | €11,249 | -€6,068 | -35.0% |
| Profit (loss) for the period | 9904 | €69,119 | €29,373 | -€39,746 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,119 | €29,373 | -€39,746 | -57.5% |
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 15 October 2026 via checked.be.