SEANTA: 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.
SEANTA
Largest movements
- Receivables within one year +€113,379
up €113,379 (+24.3%), from €465,792 to €579,171
of which Trade receivables: +€204,595
- Tangible fixed assets -€53,535
down €53,535 (-12.7%), from €420,232 to €366,698
- Receivables after one year -€15,000
down €15,000 (-12.1%), from €123,700 to €108,700
of which Trade receivables: -€123,700
- Trade debts +€171,064
up €171,064 (+100.6%), from €170,112 to €341,176
- Accrued charges and deferred income -€145,755
no longer reported in 2025 (was €145,755)
- Other debts +€49,406
up €49,406 (+29.7%), from €166,233 to €215,639
- Debts after one year -€35,561
down €35,561 (-11.7%), from €303,566 to €268,005
- Reserves +€15,000
up €15,000 (+17.6%), from €85,000 to €100,000
- Financial charges +€102,819
up €102,819 (+425.1%), from €24,185 to €127,003
- Gross operating margin +€70,044
up €70,044 (+32.3%), from €216,579 to €286,623
- Other operating charges +€6,002
up €6,002 (+22.4%), from €26,803 to €32,806
- Depreciation +€5,182
up €5,182 (+9.9%), from €52,084 to €57,266
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 | €1,017,785 | €1,074,419 | +€56,634 | +5.6% |
| Fixed assets | 21/28 | €423,166 | €369,631 | -€53,535 | -12.7% |
| Tangible fixed assets | 22/27 | €420,232 | €366,698 | -€53,535 | -12.7% |
| Land and buildings | 22 | €258,867 | €235,588 | -€23,279 | -9.0% |
| Plant, machinery and equipment | 23 | €4,389 | €5,549 | +€1,160 | +26.4% |
| Furniture and vehicles | 24 | €102,928 | €77,520 | -€25,408 | -24.7% |
| Other tangible fixed assets | 26 | €54,048 | €48,041 | -€6,007 | -11.1% |
| Financial fixed assets | 28 | €2,934 | €2,934 | = | 0.0% |
| Current assets | 29/58 | €594,619 | €704,788 | +€110,169 | +18.5% |
| Amounts receivable after more than one year | 29 | €123,700 | €108,700 | -€15,000 | -12.1% |
| Trade receivables | 290 | €123,700 | - | -€123,700 | |
| Other amounts receivable | 291 | - | €108,700 | +€108,700 | |
| Amounts receivable within one year | 40/41 | €465,792 | €579,171 | +€113,379 | +24.3% |
| Trade receivables | 40 | €313,135 | €517,730 | +€204,595 | +65.3% |
| Other amounts receivable | 41 | €152,658 | €61,441 | -€91,217 | -59.8% |
| Cash at bank and in hand | 54/58 | €386 | €3,037 | +€2,651 | +687.0% |
| Deferred charges and accrued income | 490/1 | €4,741 | €13,880 | +€9,139 | +192.8% |
| Total equity and liabilities | 10/49 | €1,017,785 | €1,074,419 | +€56,634 | +5.6% |
| Equity | 10/15 | €105,373 | €123,855 | +€18,482 | +17.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €85,000 | €100,000 | +€15,000 | +17.6% |
| Distributable reserves | 133 | €85,000 | €100,000 | +€15,000 | +17.6% |
| Profit (loss) carried forward | 14 | €12,313 | €15,795 | +€3,482 | +28.3% |
| Amounts payable | 17/49 | €912,412 | €950,564 | +€38,152 | +4.2% |
| Amounts payable after more than one year | 17 | €303,566 | €268,005 | -€35,561 | -11.7% |
| Financial debts | 170/4 | €303,566 | €268,005 | -€35,561 | -11.7% |
| Amounts payable within one year | 42/48 | €463,091 | €682,559 | +€219,468 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €33,390 | €44,526 | +€11,135 | +33.3% |
| Financial debts | 43 | €81,856 | €76,719 | -€5,137 | -6.3% |
| Credit institutions | 430/8 | €81,856 | €76,719 | -€5,137 | -6.3% |
| Trade debts | 44 | €170,112 | €341,176 | +€171,064 | +100.6% |
| Suppliers | 440/4 | €170,112 | €341,176 | +€171,064 | +100.6% |
| Taxes, remuneration and social security | 45 | €11,500 | €4,500 | -€7,000 | -60.9% |
| Taxes | 450/3 | €11,500 | €4,500 | -€7,000 | -60.9% |
| Other amounts payable | 47/48 | €166,233 | €215,639 | +€49,406 | +29.7% |
| Accrued charges and deferred income | 492/3 | €145,755 | - | -€145,755 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,084 | €57,266 | +€5,182 | +9.9% |
| Other operating charges | 640/8 | €26,803 | €32,806 | +€6,002 | +22.4% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €216,579 | €286,623 | +€70,044 | +32.3% |
| Operating profit (loss) | 9901 | €137,692 | €196,551 | +€58,859 | +42.7% |
| Financial income | 75/76B | €9,333 | €7,042 | -€2,291 | -24.5% |
| Recurring financial income | 75 | €9,333 | €7,042 | -€2,291 | -24.5% |
| Financial charges | 65/66B | €24,185 | €127,003 | +€102,819 | +425.1% |
| Recurring financial charges | 65 | €24,185 | €127,003 | +€102,819 | +425.1% |
| Profit (loss) for the period before taxes | 9903 | €122,840 | €76,590 | -€46,250 | -37.7% |
| Income taxes | 67/77 | €27,027 | €28,108 | +€1,081 | +4.0% |
| Profit (loss) for the period | 9904 | €95,813 | €48,482 | -€47,331 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €95,813 | €48,482 | -€47,331 | -49.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.