SEASITE: 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.
SEASITE
Largest movements
- Tangible fixed assets -€32,216
down €32,216 (-7.5%), from €429,185 to €396,968
of which Land and buildings: -€22,970
- Receivables within one year -€21,529
down €21,529 (-100.0%), from €21,529 to €0
of which Other amounts receivable: -€21,529
- Cash +€13,625
up €13,625 (+222.5%), from €6,124 to €19,748
mainly Depreciation (+€33,550) and Receivables within one year (+€21,529)
- Debts after one year -€36,909
down €36,909 (-16.1%), from €228,930 to €192,021
- Trade debts -€9,432
down €9,432 (-58.0%), from €16,251 to €6,819
- Reserves +€9,386
up €9,386 (+7.5%), from €125,255 to €134,641
of which Distributable reserves: +€9,386
- Other debts -€7,319
down €7,319 (-73.2%), from €10,000 to €2,681
- Gross operating margin +€6,535
up €6,535 (+11.6%), from €56,193 to €62,728
- Depreciation +€4,866
up €4,866 (+17.0%), from €28,685 to €33,550
- Financial income -€1,623
down €1,623 (-100.0%), from €1,623 to €0
- Taxes +€1,289
up €1,289 (+39.7%), from €3,243 to €4,531
- Financial charges -€810
down €810 (-6.4%), from €12,663 to €11,853
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 | €460,871 | €417,759 | -€43,112 | -9.4% |
| Fixed assets | 21/28 | €429,185 | €396,968 | -€32,216 | -7.5% |
| Tangible fixed assets | 22/27 | €429,185 | €396,968 | -€32,216 | -7.5% |
| Land and buildings | 22 | €381,404 | €358,434 | -€22,970 | -6.0% |
| Furniture and vehicles | 24 | €1,995 | €2,708 | +€714 | +35.8% |
| Leasing and similar rights | 25 | €45,786 | €35,826 | -€9,960 | -21.8% |
| Current assets | 29/58 | €31,686 | €20,791 | -€10,895 | -34.4% |
| Amounts receivable within one year | 40/41 | €21,529 | €0 | -€21,529 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €21,529 | €0 | -€21,529 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,124 | €19,748 | +€13,625 | +222.5% |
| Deferred charges and accrued income | 490/1 | €4,034 | €1,043 | -€2,991 | -74.2% |
| Total equity and liabilities | 10/49 | €460,871 | €417,759 | -€43,112 | -9.4% |
| Equity | 10/15 | €150,255 | €159,641 | +€9,386 | +6.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €125,255 | €134,641 | +€9,386 | +7.5% |
| Tax-exempt reserves | 132 | €15,500 | €15,500 | = | 0.0% |
| Distributable reserves | 133 | €109,755 | €119,141 | +€9,386 | +8.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €310,615 | €258,118 | -€52,498 | -16.9% |
| Amounts payable after more than one year | 17 | €228,930 | €192,021 | -€36,909 | -16.1% |
| Financial debts | 170/4 | €228,930 | €192,021 | -€36,909 | -16.1% |
| Amounts payable within one year | 42/48 | €81,686 | €66,097 | -€15,589 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €35,348 | €36,909 | +€1,560 | +4.4% |
| Trade debts | 44 | €16,251 | €6,819 | -€9,432 | -58.0% |
| Suppliers | 440/4 | €16,251 | €6,819 | -€9,432 | -58.0% |
| Taxes, remuneration and social security | 45 | €20,087 | €19,689 | -€398 | -2.0% |
| Taxes | 450/3 | €15,940 | €19,689 | +€3,749 | +23.5% |
| Remuneration and social security | 454/9 | €4,147 | €0 | -€4,147 | -100.0% |
| Other amounts payable | 47/48 | €10,000 | €2,681 | -€7,319 | -73.2% |
| Non-recurring operating income | 76A | €7,200 | €0 | -€7,200 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,685 | €33,550 | +€4,866 | +17.0% |
| Other operating charges | 640/8 | €3,920 | €3,407 | -€514 | -13.1% |
| Gross operating margin | 9900 | €56,193 | €62,728 | +€6,535 | +11.6% |
| Operating profit (loss) | 9901 | €23,588 | €25,770 | +€2,183 | +9.3% |
| Financial income | 75/76B | €1,623 | €0 | -€1,623 | -100.0% |
| Recurring financial income | 75 | €1,623 | €0 | -€1,623 | -100.0% |
| Financial charges | 65/66B | €12,663 | €11,853 | -€810 | -6.4% |
| Recurring financial charges | 65 | €12,663 | €11,853 | -€810 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €12,548 | €13,917 | +€1,370 | +10.9% |
| Income taxes | 67/77 | €3,243 | €4,531 | +€1,289 | +39.7% |
| Profit (loss) for the period | 9904 | €9,305 | €9,386 | +€81 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,305 | €9,386 | +€81 | +0.9% |
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 2 October 2026 via checked.be.