SEAPROPERTIES: 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.
SEAPROPERTIES
Largest movements
- Financial fixed assets +€610,816
up €610,816 (+10.8%), from €5.6m to €6.2m
- Current investments +€522,800
up €522,800 (+7.6%), from €6.9m to €7.4m
- Receivables within one year -€442,437
down €442,437 (-7.3%), from €6.1m to €5.6m
of which Other amounts receivable: -€487,522
- Debts after one year +€1.3m
up €1.3m (+6.6%), from €19.8m to €21.1m
- Profit (loss) carried forward -€662,159
down €662,159 (-63.2%), from -€1.0m to -€1.7m
- Gross operating margin +€82,958
up €82,958 (+321%), from €25,816 to €108,774
- Financial charges -€73,136
down €73,136 (-6.7%), from €1.1m to €1.0m
- Financial income +€4,952
up €4,952 (+1.9%), from €260,618 to €265,570
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 | €19,548,705 | €20,189,573 | +€640,868 | +3.3% |
| Fixed assets | 21/28 | €6,449,526 | €7,036,520 | +€586,994 | +9.1% |
| Tangible fixed assets | 22/27 | €813,613 | €789,791 | -€23,822 | -2.9% |
| Land and buildings | 22 | €813,613 | €789,791 | -€23,822 | -2.9% |
| Financial fixed assets | 28 | €5,635,914 | €6,246,729 | +€610,816 | +10.8% |
| Current assets | 29/58 | €13,099,178 | €13,153,053 | +€53,875 | +0.4% |
| Amounts receivable within one year | 40/41 | €6,076,789 | €5,634,352 | -€442,437 | -7.3% |
| Trade receivables | 40 | €454 | €45,539 | +€45,085 | +9,936% |
| Other amounts receivable | 41 | €6,076,335 | €5,588,813 | -€487,522 | -8.0% |
| Current investments | 50/53 | €6,895,939 | €7,418,738 | +€522,800 | +7.6% |
| Cash at bank and in hand | 54/58 | €34,023 | €24,437 | -€9,586 | -28.2% |
| Deferred charges and accrued income | 490/1 | €92,429 | €75,526 | -€16,902 | -18.3% |
| Total equity and liabilities | 10/49 | €19,548,705 | €20,189,573 | +€640,868 | +3.3% |
| Equity | 10/15 | -€247,528 | -€909,688 | -€662,159 | -268% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,047,528 | -€1,709,688 | -€662,159 | -63.2% |
| Amounts payable | 17/49 | €19,796,233 | €21,099,261 | +€1.3m | +6.6% |
| Amounts payable after more than one year | 17 | €19,774,331 | €21,080,047 | +€1.3m | +6.6% |
| Other amounts payable | 178/9 | €19,774,331 | €21,080,047 | +€1.3m | +6.6% |
| Amounts payable within one year | 42/48 | €19,803 | €19,214 | -€588 | -3.0% |
| Trade debts | 44 | €126 | €431 | +€305 | +242% |
| Suppliers | 440/4 | €126 | €431 | +€305 | +242% |
| Taxes, remuneration and social security | 45 | €19,677 | €18,784 | -€893 | -4.5% |
| Taxes | 450/3 | €19,677 | €18,784 | -€893 | -4.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,100 | €0 | -€2,100 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,822 | €23,822 | = | 0.0% |
| Other operating charges | 640/8 | €1,316 | €1,379 | +€64 | +4.8% |
| Gross operating margin | 9900 | €25,816 | €108,774 | +€82,958 | +321% |
| Operating profit (loss) | 9901 | €679 | €83,573 | +€82,895 | +12,215% |
| Financial income | 75/76B | €260,618 | €265,570 | +€4,952 | +1.9% |
| Recurring financial income | 75 | €260,618 | €265,570 | +€4,952 | +1.9% |
| Financial charges | 65/66B | €1,084,439 | €1,011,302 | -€73,136 | -6.7% |
| Recurring financial charges | 65 | €1,084,439 | €1,011,302 | -€73,136 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€823,142 | -€662,159 | +€160,983 | +19.6% |
| Profit (loss) for the period | 9904 | -€823,142 | -€662,159 | +€160,983 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€823,142 | -€662,159 | +€160,983 | +19.6% |
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 13 October 2026 via checked.be.