SEAPARK: what changed
What changed
SEAPARK
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€174,947
2024 · -€114,495-€60,451
Equity
€614,684
2024 · €789,630-€174,947
Cash
€44,603
2024 · €2,616+€41,988
Balance sheet total
€1.2m
2024 · €1.1m+€62,004
Largest movements
Assets
- Cash +€41,988
up €41,988 (+1,605%), from €2,616 to €44,603
mainly Other debts (+€195,780) and Trade debts (+€41,171)
- Receivables within one year +€19,256
up €19,256 (+237%), from €8,110 to €27,366
Equity and liabilities
- Other debts +€195,780
up €195,780 (+61.5%), from €318,175 to €513,954
- Profit (loss) carried forward -€174,947
down €174,947 (-83.2%), from -€210,370 to -€385,316
- Trade debts +€41,171
up €41,171 (+293%), from €14,054 to €55,225
Income statement
- Services and other goods +€56,024
up €56,024 (+55.2%), from €101,512 to €157,536
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€114,495
Other operating charges
-€31
Other operating items
-€56,024
Financial income
-€0
Financial charges
-€4,396
Result 2025
-€174,947
lowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€41,988
Investment
€0
Financing
€0
Cash 2024
€2,616
From operations (derived)
+€41,988
Net result for the year
-€174,947
Stocks and contracts
-€760
Receivables within one year
-€19,256
Trade debts
+€41,171
Other debts
+€195,780
Cash 2025
€44,603
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,121,859 | €1,183,863 | +€62,004 | +5.5% |
| Current assets | 29/58 | €1,121,859 | €1,183,863 | +€62,004 | +5.5% |
| Stocks and contracts in progress | 3 | €1,111,133 | €1,111,893 | +€760 | +0.1% |
| Stocks | 30/36 | €1,111,133 | €1,111,893 | +€760 | +0.1% |
| Property held for sale | 35 | €1,111,133 | €1,111,893 | +€760 | +0.1% |
| Amounts receivable within one year | 40/41 | €8,110 | €27,366 | +€19,256 | +237% |
| Other amounts receivable | 41 | €8,110 | €27,366 | +€19,256 | +237% |
| Cash at bank and in hand | 54/58 | €2,616 | €44,603 | +€41,988 | +1,605% |
| Total equity and liabilities | 10/49 | €1,121,859 | €1,183,863 | +€62,004 | +5.5% |
| Equity | 10/15 | €789,630 | €614,684 | -€174,947 | -22.2% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€210,370 | -€385,316 | -€174,947 | -83.2% |
| Amounts payable | 17/49 | €332,229 | €569,179 | +€236,951 | +71.3% |
| Amounts payable within one year | 42/48 | €332,229 | €569,179 | +€236,951 | +71.3% |
| Trade debts | 44 | €14,054 | €55,225 | +€41,171 | +293% |
| Suppliers | 440/4 | €14,054 | €55,225 | +€41,171 | +293% |
| Other amounts payable | 47/48 | €318,175 | €513,954 | +€195,780 | +61.5% |
| Operating income | 70/76A | - | €760 | +€760 | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €760 | +€760 | |
| Operating charges | 60/66A | €102,480 | €159,295 | +€56,815 | +55.4% |
| Goods for resale, raw materials and consumables | 60 | - | €760 | +€760 | |
| Purchases | 600/8 | €42,336 | €760 | -€41,576 | -98.2% |
| Change in stocks: decrease (increase) | 609 | -€42,336 | €0 | +€42,336 | |
| Services and other goods | 61 | €101,512 | €157,536 | +€56,024 | +55.2% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | -€102,480 | -€158,535 | -€56,055 | -54.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €12,016 | €16,412 | +€4,396 | +36.6% |
| Recurring financial charges | 65 | €12,016 | €16,412 | +€4,396 | +36.6% |
| Debt charges | 650 | €11,400 | €15,780 | +€4,380 | +38.4% |
| Other financial charges | 652/9 | €616 | €632 | +€16 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€114,495 | -€174,947 | -€60,451 | -52.8% |
| Profit (loss) for the period | 9904 | -€114,495 | -€174,947 | -€60,451 | -52.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€114,495 | -€174,947 | -€60,451 | -52.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.