SEASIDE INTERNATIONAL: 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.
SEASIDE INTERNATIONAL
Largest movements
- Tangible fixed assets -€41,240
down €41,240 (-4.9%), from €836,178 to €794,938
of which Land and buildings: -€40,924
- Cash +€37,910
up €37,910 (+19.9%), from €190,493 to €228,403
mainly Depreciation (+€41,240) and Net result for the year (+€17,220)
- Receivables within one year -€14,549
down €14,549 (-49.7%), from €29,256 to €14,707
of which Trade receivables: -€18,150
- Debts after one year -€22,281
down €22,281 (-3.0%), from €745,961 to €723,680
- Reserves +€17,220
up €17,220 (+5.9%), from €290,230 to €307,450
of which Distributable reserves: +€27,448
- Financial income -€35,941
down €35,941 (-75.5%), from €47,618 to €11,678
- Gross operating margin -€34,712
down €34,712 (-27.9%), from €124,490 to €89,778
- Taxes +€7,399
up €7,399, from €0 to €7,399
- Financial charges -€5,690
down €5,690 (-17.5%), from €32,478 to €26,789
- Depreciation -€1,688
down €1,688 (-3.9%), from €42,928 to €41,240
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 | €1,295,928 | €1,278,048 | -€17,880 | -1.4% |
| Fixed assets | 21/28 | €836,178 | €794,938 | -€41,240 | -4.9% |
| Tangible fixed assets | 22/27 | €836,178 | €794,938 | -€41,240 | -4.9% |
| Land and buildings | 22 | €834,515 | €793,592 | -€40,924 | -4.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,663 | €1,346 | -€317 | -19.1% |
| Current assets | 29/58 | €459,750 | €483,110 | +€23,361 | +5.1% |
| Amounts receivable within one year | 40/41 | €29,256 | €14,707 | -€14,549 | -49.7% |
| Trade receivables | 40 | €27,225 | €9,075 | -€18,150 | -66.7% |
| Other amounts receivable | 41 | €2,031 | €5,632 | +€3,601 | +177% |
| Current investments | 50/53 | €240,000 | €240,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €190,493 | €228,403 | +€37,910 | +19.9% |
| Total equity and liabilities | 10/49 | €1,295,928 | €1,278,048 | -€17,880 | -1.4% |
| Equity | 10/15 | €308,822 | €326,042 | +€17,220 | +5.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €290,230 | €307,450 | +€17,220 | +5.9% |
| Tax-exempt reserves | 132 | €195,171 | €184,943 | -€10,228 | -5.2% |
| Distributable reserves | 133 | €95,058 | €122,507 | +€27,448 | +28.9% |
| Provisions and deferred taxes | 16 | €75,138 | €69,869 | -€5,269 | -7.0% |
| Deferred taxes | 168 | €75,138 | €69,869 | -€5,269 | -7.0% |
| Amounts payable | 17/49 | €911,969 | €882,138 | -€29,831 | -3.3% |
| Amounts payable after more than one year | 17 | €745,961 | €723,680 | -€22,281 | -3.0% |
| Financial debts | 170/4 | €745,961 | €723,680 | -€22,281 | -3.0% |
| Amounts payable within one year | 42/48 | €166,008 | €158,458 | -€7,550 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €26,872 | €22,281 | -€4,591 | -17.1% |
| Trade debts | 44 | €3,486 | €4,192 | +€706 | +20.3% |
| Suppliers | 440/4 | €3,486 | €4,192 | +€706 | +20.3% |
| Taxes, remuneration and social security | 45 | €3,563 | €5,048 | +€1,485 | +41.7% |
| Taxes | 450/3 | €3,563 | €5,048 | +€1,485 | +41.7% |
| Other amounts payable | 47/48 | €132,087 | €126,937 | -€5,150 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,928 | €41,240 | -€1,688 | -3.9% |
| Other operating charges | 640/8 | €13,753 | €14,076 | +€323 | +2.3% |
| Gross operating margin | 9900 | €124,490 | €89,778 | -€34,712 | -27.9% |
| Operating profit (loss) | 9901 | €67,808 | €34,462 | -€33,347 | -49.2% |
| Financial income | 75/76B | €47,618 | €11,678 | -€35,941 | -75.5% |
| Recurring financial income | 75 | €47,618 | €11,678 | -€35,941 | -75.5% |
| Financial charges | 65/66B | €32,478 | €26,789 | -€5,690 | -17.5% |
| Recurring financial charges | 65 | €32,478 | €26,789 | -€5,690 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €82,948 | €19,350 | -€63,598 | -76.7% |
| Transfer from deferred taxes | 780 | €5,269 | €5,269 | = | 0.0% |
| Income taxes | 67/77 | €0 | €7,399 | +€7,399 | |
| Profit (loss) for the period | 9904 | €88,217 | €17,220 | -€70,997 | -80.5% |
| Transfer from tax-exempt reserves | 789 | €10,228 | €10,228 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €98,445 | €27,448 | -€70,997 | -72.1% |
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 26 October 2026 via checked.be.