SEASITE: 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.
SEASITE
Largest movements
- Receivables within one year +€23,032
up €23,032 (+29.5%), from €78,000 to €101,032
of which Other amounts receivable: +€73,032
- Other debts +€62,732
up €62,732 (+22.2%), from €283,075 to €345,807
- Reserves -€50,368
down €50,368 (-45.7%), from €110,216 to €59,848
of which Distributable reserves: -€50,368
- Tax, wage and social debts +€20,821
up €20,821 (+185%), from €11,282 to €32,104
of which Taxes: +€20,821
- Short-term financial debts -€11,881
down €11,881 (-48.3%), from €24,608 to €12,727
- Gross operating margin +€48,480
up €48,480 (+259%), from €18,723 to €67,203
- Taxes +€11,482
new in 2025: €11,482
- Other operating charges -€2,352
down €2,352 (-81.7%), from €2,879 to €528
- Financial charges -€1,015
down €1,015 (-43.0%), from €2,360 to €1,345
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 | €722,947 | €741,799 | +€18,852 | +2.6% |
| Fixed assets | 21/28 | €640,000 | €640,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €640,000 | €640,000 | = | 0.0% |
| Current assets | 29/58 | €82,947 | €101,799 | +€18,852 | +22.7% |
| Amounts receivable within one year | 40/41 | €78,000 | €101,032 | +€23,032 | +29.5% |
| Trade receivables | 40 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 41 | €28,000 | €101,032 | +€73,032 | +261% |
| Cash at bank and in hand | 54/58 | - | €33 | +€33 | |
| Deferred charges and accrued income | 490/1 | €4,947 | €735 | -€4,213 | -85.2% |
| Total equity and liabilities | 10/49 | €722,947 | €741,799 | +€18,852 | +2.6% |
| Equity | 10/15 | €375,210 | €324,842 | -€50,368 | -13.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €110,216 | €59,848 | -€50,368 | -45.7% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €104,216 | €53,848 | -€50,368 | -48.3% |
| Profit (loss) carried forward | 14 | €204,994 | €204,994 | = | 0.0% |
| Amounts payable | 17/49 | €347,738 | €416,957 | +€69,220 | +19.9% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €337,738 | €406,957 | +€69,220 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 43 | €24,608 | €12,727 | -€11,881 | -48.3% |
| Credit institutions | 430/8 | €24,608 | €12,727 | -€11,881 | -48.3% |
| Trade debts | 44 | €8,773 | €6,319 | -€2,453 | -28.0% |
| Suppliers | 440/4 | €8,773 | €6,319 | -€2,453 | -28.0% |
| Taxes, remuneration and social security | 45 | €11,282 | €32,104 | +€20,821 | +185% |
| Taxes | 450/3 | €10,032 | €30,854 | +€20,821 | +208% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €283,075 | €345,807 | +€62,732 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30 | - | -€30 | |
| Other operating charges | 640/8 | €2,879 | €528 | -€2,352 | -81.7% |
| Gross operating margin | 9900 | €18,723 | €67,203 | +€48,480 | +259% |
| Operating profit (loss) | 9901 | €15,814 | €66,675 | +€50,862 | +322% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,360 | €1,345 | -€1,015 | -43.0% |
| Recurring financial charges | 65 | €2,360 | €1,345 | -€1,015 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €13,454 | €65,330 | +€51,876 | +386% |
| Income taxes | 67/77 | - | €11,482 | +€11,482 | |
| Profit (loss) for the period | 9904 | €13,454 | €53,848 | +€40,394 | +300% |
| Profit (loss) for the period to be appropriated | 9905 | €13,454 | €53,848 | +€40,394 | +300% |
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 25 October 2026 via checked.be.