SEASIDE WEST: 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 WEST
Largest movements
- Receivables within one year -€17,692
down €17,692 (-82.8%), from €21,371 to €3,679
of which Trade receivables: -€17,000
- Tangible fixed assets +€9,021
up €9,021 (+57.5%), from €15,681 to €24,702
- Cash -€1,511
down €1,511 (-58.6%), from €2,579 to €1,068
mainly Investment in fixed assets (net) (-€22,041) and Trade debts (-€7,750)
- Stocks and contracts -€500
down €500 (-14.3%), from €3,500 to €3,000
- Trade debts -€7,750
down €7,750 (-77.7%), from €9,979 to €2,230
- Profit (loss) carried forward -€1,439
new in 2025: -€1,439
- Reserves -€810
down €810 (-2.8%), from €28,504 to €27,694
- Tax, wage and social debts -€554
down €554 (-96.3%), from €576 to €22
- Gross operating margin -€9,264
down €9,264 (-39.3%), from €23,579 to €14,315
- Taxes -€1,133
no longer reported in 2025 (was €1,133)
- Depreciation -€889
down €889 (-6.4%), from €13,909 to €13,020
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 | €45,360 | €34,706 | -€10,653 | -23.5% |
| Fixed assets | 21/28 | €17,746 | €26,767 | +€9,021 | +50.8% |
| Tangible fixed assets | 22/27 | €15,681 | €24,702 | +€9,021 | +57.5% |
| Plant, machinery and equipment | 23 | €15,681 | €24,702 | +€9,021 | +57.5% |
| Financial fixed assets | 28 | €2,065 | €2,065 | = | 0.0% |
| Current assets | 29/58 | €27,614 | €7,939 | -€19,674 | -71.2% |
| Stocks and contracts in progress | 3 | €3,500 | €3,000 | -€500 | -14.3% |
| Stocks | 30/36 | €3,500 | €3,000 | -€500 | -14.3% |
| Amounts receivable within one year | 40/41 | €21,371 | €3,679 | -€17,692 | -82.8% |
| Trade receivables | 40 | €17,000 | - | -€17,000 | |
| Other amounts receivable | 41 | €4,371 | €3,679 | -€692 | -15.8% |
| Cash at bank and in hand | 54/58 | €2,579 | €1,068 | -€1,511 | -58.6% |
| Deferred charges and accrued income | 490/1 | €164 | €193 | +€29 | +17.7% |
| Total equity and liabilities | 10/49 | €45,360 | €34,706 | -€10,653 | -23.5% |
| Equity | 10/15 | €34,704 | €32,455 | -€2,249 | -6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,504 | €27,694 | -€810 | -2.8% |
| Distributable reserves | 133 | €28,504 | €27,694 | -€810 | -2.8% |
| Profit (loss) carried forward | 14 | - | -€1,439 | -€1,439 | |
| Amounts payable | 17/49 | €10,655 | €2,251 | -€8,404 | -78.9% |
| Amounts payable within one year | 42/48 | €10,655 | €2,251 | -€8,404 | -78.9% |
| Trade debts | 44 | €9,979 | €2,230 | -€7,750 | -77.7% |
| Suppliers | 440/4 | €9,979 | €2,230 | -€7,750 | -77.7% |
| Taxes, remuneration and social security | 45 | €576 | €22 | -€554 | -96.3% |
| Taxes | 450/3 | €576 | €22 | -€554 | -96.3% |
| Other amounts payable | 47/48 | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,909 | €13,020 | -€889 | -6.4% |
| Other operating charges | 640/8 | €1,441 | €1,617 | +€176 | +12.2% |
| Gross operating margin | 9900 | €23,579 | €14,315 | -€9,264 | -39.3% |
| Operating profit (loss) | 9901 | €8,229 | -€321 | -€8,550 | |
| Financial charges | 65/66B | €1,859 | €1,928 | +€69 | +3.7% |
| Recurring financial charges | 65 | €1,859 | €1,928 | +€69 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €6,370 | -€2,249 | -€8,619 | |
| Income taxes | 67/77 | €1,133 | - | -€1,133 | |
| Profit (loss) for the period | 9904 | €5,236 | -€2,249 | -€7,486 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,236 | -€2,249 | -€7,486 |
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 20 October 2026 via checked.be.