SEASAND: 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.
SEASAND
Largest movements
- Receivables within one year -€772
down €772 (-20.5%), from €3,770 to €2,998
of which Trade receivables: -€891
- Profit (loss) carried forward -€3,829
down €3,829 (-2.0%), from -€189,324 to -€193,153
- Trade debts +€3,547
up €3,547 (+140.3%), from €2,528 to €6,075
- Debts after one year -€1,582
down €1,582 (-1.0%), from €164,601 to €163,019
- Accrued charges and deferred income +€1,478
new in 2025: €1,478
- Tax, wage and social debts -€398
down €398 (-40.3%), from €985 to €588
- Gross operating margin -€1,361
down €1,361, from €934 to -€427
- Other operating charges +€227
up €227 (+9.2%), from €2,470 to €2,698
- Financial charges +€37
up €37 (+5.5%), from €667 to €704
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 | €3,791 | €3,008 | -€783 | -20.7% |
| Current assets | 29/58 | €3,791 | €3,008 | -€783 | -20.7% |
| Amounts receivable within one year | 40/41 | €3,770 | €2,998 | -€772 | -20.5% |
| Trade receivables | 40 | €2,045 | €1,154 | -€891 | -43.6% |
| Other amounts receivable | 41 | €1,725 | €1,844 | +€119 | +6.9% |
| Cash at bank and in hand | 54/58 | €21 | €10 | -€11 | -52.9% |
| Total equity and liabilities | 10/49 | €3,791 | €3,008 | -€783 | -20.7% |
| Equity | 10/15 | -€164,324 | -€168,153 | -€3,829 | -2.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€189,324 | -€193,153 | -€3,829 | -2.0% |
| Amounts payable | 17/49 | €168,115 | €171,161 | +€3,046 | +1.8% |
| Amounts payable after more than one year | 17 | €164,601 | €163,019 | -€1,582 | -1.0% |
| Other amounts payable | 178/9 | €164,601 | €163,019 | -€1,582 | -1.0% |
| Amounts payable within one year | 42/48 | €3,514 | €6,663 | +€3,149 | +89.6% |
| Financial debts | 43 | €0 | €0 | -€0 | -100.0% |
| Credit institutions | 430/8 | €0 | €0 | -€0 | -100.0% |
| Trade debts | 44 | €2,528 | €6,075 | +€3,547 | +140.3% |
| Suppliers | 440/4 | €2,528 | €6,075 | +€3,547 | +140.3% |
| Taxes, remuneration and social security | 45 | €985 | €588 | -€398 | -40.3% |
| Taxes | 450/3 | €985 | €588 | -€398 | -40.3% |
| Accrued charges and deferred income | 492/3 | - | €1,478 | +€1,478 | |
| Other operating charges | 640/8 | €2,470 | €2,698 | +€227 | +9.2% |
| Gross operating margin | 9900 | €934 | -€427 | -€1,361 | |
| Operating profit (loss) | 9901 | -€1,536 | -€3,125 | -€1,588 | -103.4% |
| Financial charges | 65/66B | €667 | €704 | +€37 | +5.5% |
| Recurring financial charges | 65 | €667 | €704 | +€37 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,204 | -€3,829 | -€1,625 | -73.7% |
| Profit (loss) for the period | 9904 | -€2,204 | -€3,829 | -€1,625 | -73.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,204 | -€3,829 | -€1,625 | -73.7% |
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 5 October 2026 via checked.be.