Seaport Brewing: 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.
Seaport Brewing
Largest movements
- Tangible fixed assets -€670,540
down €670,540 (-3.6%), from €18.6m to €18.0m
of which Land and buildings: -€581,881
- Debts after one year -€828,984
down €828,984 (-4.6%), from €18.2m to €17.3m
- Profit (loss) carried forward -€664,947
down €664,947 (-79.3%), from -€838,193 to -€1.5m
- Trade debts +€614,811
up €614,811 (+55,811%), from €1,102 to €615,912
- Gross operating margin -€448,992
down €448,992 (-47.8%), from €939,636 to €490,644
- Financial charges -€22,735
down €22,735 (-4.9%), from €468,243 to €445,508
- Depreciation +€15,517
up €15,517 (+2.4%), from €655,023 to €670,540
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 | €18,850,233 | €18,174,666 | -€675,567 | -3.6% |
| Fixed assets | 21/28 | €18,645,424 | €17,974,884 | -€670,540 | -3.6% |
| Tangible fixed assets | 22/27 | €18,645,424 | €17,974,884 | -€670,540 | -3.6% |
| Land and buildings | 22 | €18,163,707 | €17,581,827 | -€581,881 | -3.2% |
| Plant, machinery and equipment | 23 | €480,251 | €393,057 | -€87,194 | -18.2% |
| Furniture and vehicles | 24 | €1,466 | €0 | -€1,466 | -100% |
| Current assets | 29/58 | €204,809 | €199,783 | -€5,027 | -2.5% |
| Amounts receivable within one year | 40/41 | €174,371 | €156,114 | -€18,257 | -10.5% |
| Trade receivables | 40 | €174,371 | €156,114 | -€18,257 | -10.5% |
| Cash at bank and in hand | 54/58 | €25,603 | €43,669 | +€18,065 | +70.6% |
| Deferred charges and accrued income | 490/1 | €4,835 | €0 | -€4,835 | -100% |
| Total equity and liabilities | 10/49 | €18,850,233 | €18,174,666 | -€675,567 | -3.6% |
| Equity | 10/15 | -€817,763 | -€1,482,710 | -€664,947 | -81.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €430 | €430 | = | 0.0% |
| Distributable reserves | 133 | €430 | €430 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€838,193 | -€1,503,140 | -€664,947 | -79.3% |
| Amounts payable | 17/49 | €19,667,996 | €19,657,377 | -€10,620 | -0.1% |
| Amounts payable after more than one year | 17 | €18,154,656 | €17,325,672 | -€828,984 | -4.6% |
| Financial debts | 170/4 | €18,154,656 | €17,325,672 | -€828,984 | -4.6% |
| Amounts payable within one year | 42/48 | €1,400,280 | €2,216,253 | +€815,973 | +58.3% |
| Current portion of amounts payable after more than one year | 42 | €827,460 | €828,984 | +€1,524 | +0.2% |
| Trade debts | 44 | €1,102 | €615,912 | +€614,811 | +55,811% |
| Suppliers | 440/4 | €1,102 | €615,912 | +€614,811 | +55,811% |
| Advances received on contracts in progress | 46 | €1,453 | €0 | -€1,453 | -100% |
| Taxes, remuneration and social security | 45 | €51,802 | €143,630 | +€91,829 | +177% |
| Taxes | 450/3 | €51,802 | €143,630 | +€91,829 | +177% |
| Other amounts payable | 47/48 | €518,464 | €627,726 | +€109,262 | +21.1% |
| Accrued charges and deferred income | 492/3 | €113,060 | €115,452 | +€2,392 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €655,023 | €670,540 | +€15,517 | +2.4% |
| Other operating charges | 640/8 | €45,287 | €39,543 | -€5,745 | -12.7% |
| Gross operating margin | 9900 | €939,636 | €490,644 | -€448,992 | -47.8% |
| Operating profit (loss) | 9901 | €239,325 | -€219,439 | -€458,764 | |
| Financial income | 75/76B | €4,835 | €0 | -€4,835 | -100.0% |
| Recurring financial income | 75 | €4,835 | €0 | -€4,835 | -100.0% |
| Financial charges | 65/66B | €468,243 | €445,508 | -€22,735 | -4.9% |
| Recurring financial charges | 65 | €468,243 | €445,508 | -€22,735 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€224,083 | -€664,947 | -€440,865 | -197% |
| Profit (loss) for the period | 9904 | -€224,083 | -€664,947 | -€440,865 | -197% |
| Profit (loss) for the period to be appropriated | 9905 | -€224,083 | -€664,947 | -€440,865 | -197% |
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 14 October 2026 via checked.be.