SEAOPS ENGINEERING: 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.
SEAOPS ENGINEERING
Largest movements
- Cash +€83,087
up €83,087 (+47.0%), from €176,754 to €259,841
mainly Net result for the year (+€87,674) and Receivables within one year (+€17,813)
- Receivables within one year -€17,813
down €17,813 (-98.2%), from €18,143 to €330
of which Trade receivables: -€16,939
- Reserves +€86,841
up €86,841 (+61.4%), from €141,486 to €228,327
- Tax, wage and social debts -€19,385
down €19,385 (-44.7%), from €43,355 to €23,970
- Gross operating margin -€35,356
down €35,356 (-23.8%), from €148,741 to €113,385
- Taxes -€19,187
down €19,187 (-44.3%), from €43,355 to €24,168
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 | €196,300 | €263,694 | +€67,393 | +34.3% |
| Fixed assets | 21/28 | €581 | €2,769 | +€2,188 | +376.3% |
| Tangible fixed assets | 22/27 | €581 | €2,769 | +€2,188 | +376.3% |
| Furniture and vehicles | 24 | €581 | €2,769 | +€2,188 | +376.3% |
| Current assets | 29/58 | €195,719 | €260,924 | +€65,206 | +33.3% |
| Amounts receivable within one year | 40/41 | €18,143 | €330 | -€17,813 | -98.2% |
| Trade receivables | 40 | €16,939 | €0 | -€16,939 | -100.0% |
| Other amounts receivable | 41 | €1,203 | €330 | -€874 | -72.6% |
| Cash at bank and in hand | 54/58 | €176,754 | €259,841 | +€83,087 | +47.0% |
| Deferred charges and accrued income | 490/1 | €822 | €753 | -€68 | -8.3% |
| Total equity and liabilities | 10/49 | €196,300 | €263,694 | +€67,393 | +34.3% |
| Equity | 10/15 | €144,986 | €231,827 | +€86,841 | +59.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €141,486 | €228,327 | +€86,841 | +61.4% |
| Distributable reserves | 133 | €141,486 | €228,327 | +€86,841 | +61.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €51,314 | €31,867 | -€19,447 | -37.9% |
| Amounts payable within one year | 42/48 | €50,752 | €31,452 | -€19,300 | -38.0% |
| Trade debts | 44 | €898 | €593 | -€305 | -33.9% |
| Suppliers | 440/4 | €898 | €593 | -€305 | -33.9% |
| Taxes, remuneration and social security | 45 | €43,355 | €23,970 | -€19,385 | -44.7% |
| Taxes | 450/3 | €43,355 | €23,970 | -€19,385 | -44.7% |
| Other amounts payable | 47/48 | €6,499 | €6,888 | +€390 | +6.0% |
| Accrued charges and deferred income | 492/3 | €563 | €415 | -€148 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267 | €1,272 | +€1,005 | +376.9% |
| Other operating charges | 640/8 | €411 | €475 | +€64 | +15.6% |
| Gross operating margin | 9900 | €148,741 | €113,385 | -€35,356 | -23.8% |
| Operating profit (loss) | 9901 | €148,063 | €111,637 | -€36,425 | -24.6% |
| Financial income | 75/76B | €2 | €660 | +€658 | +29767.9% |
| Recurring financial income | 75 | €2 | €660 | +€658 | +29767.9% |
| Financial charges | 65/66B | €602 | €455 | -€146 | -24.3% |
| Recurring financial charges | 65 | €602 | €455 | -€146 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €147,463 | €111,842 | -€35,621 | -24.2% |
| Income taxes | 67/77 | €43,355 | €24,168 | -€19,187 | -44.3% |
| Profit (loss) for the period | 9904 | €104,108 | €87,674 | -€16,434 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €104,108 | €87,674 | -€16,434 | -15.8% |
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.