SEATIME: 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.
SEATIME
Largest movements
- Tangible fixed assets -€21,711
down €21,711 (-22.8%), from €95,299 to €73,589
of which Plant, machinery and equipment: -€18,496
- Cash +€18,202
up €18,202 (+40.3%), from €45,169 to €63,371
mainly Depreciation (+€21,711) and Net result for the year (+€17,675)
- Receivables within one year +€11,218
up €11,218 (+39.9%), from €28,104 to €39,321
of which Other amounts receivable: +€9,047
- Debts after one year -€19,278
down €19,278 (-66.4%), from €29,026 to €9,749
- Profit (loss) carried forward +€17,675
up €17,675 (+24.1%), from €73,387 to €91,062
- Trade debts +€8,933
up €8,933 (+27.9%), from €32,011 to €40,944
- Gross operating margin -€7,043
down €7,043 (-10.1%), from €69,440 to €62,397
- Depreciation -€2,421
down €2,421 (-10.0%), from €24,131 to €21,711
- Taxes -€1,879
down €1,879 (-27.5%), from €6,822 to €4,943
- Staff costs -€847
down €847 (-5.6%), from €15,042 to €14,196
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 | €175,443 | €182,851 | +€7,407 | +4.2% |
| Fixed assets | 21/28 | €95,304 | €73,594 | -€21,711 | -22.8% |
| Tangible fixed assets | 22/27 | €95,299 | €73,589 | -€21,711 | -22.8% |
| Plant, machinery and equipment | 23 | €83,223 | €64,726 | -€18,496 | -22.2% |
| Furniture and vehicles | 24 | €2,065 | €1,311 | -€754 | -36.5% |
| Other tangible fixed assets | 26 | €10,012 | €7,551 | -€2,461 | -24.6% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €80,139 | €109,257 | +€29,118 | +36.3% |
| Stocks and contracts in progress | 3 | €6,007 | €5,363 | -€644 | -10.7% |
| Stocks | 30/36 | €6,007 | €5,363 | -€644 | -10.7% |
| Amounts receivable within one year | 40/41 | €28,104 | €39,321 | +€11,218 | +39.9% |
| Trade receivables | 40 | €11,856 | €14,026 | +€2,171 | +18.3% |
| Other amounts receivable | 41 | €16,248 | €25,295 | +€9,047 | +55.7% |
| Cash at bank and in hand | 54/58 | €45,169 | €63,371 | +€18,202 | +40.3% |
| Deferred charges and accrued income | 490/1 | €859 | €1,202 | +€342 | +39.8% |
| Total equity and liabilities | 10/49 | €175,443 | €182,851 | +€7,407 | +4.2% |
| Equity | 10/15 | €92,384 | €110,059 | +€17,675 | +19.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €406 | €406 | = | 0.0% |
| Distributable reserves | 133 | €406 | €406 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,387 | €91,062 | +€17,675 | +24.1% |
| Amounts payable | 17/49 | €83,059 | €72,791 | -€10,268 | -12.4% |
| Amounts payable after more than one year | 17 | €29,026 | €9,749 | -€19,278 | -66.4% |
| Financial debts | 170/4 | €29,026 | €9,749 | -€19,278 | -66.4% |
| Amounts payable within one year | 42/48 | €54,033 | €63,043 | +€9,010 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €18,989 | €19,278 | +€289 | +1.5% |
| Trade debts | 44 | €32,011 | €40,944 | +€8,933 | +27.9% |
| Suppliers | 440/4 | €32,011 | €40,944 | +€8,933 | +27.9% |
| Taxes, remuneration and social security | 45 | €3,032 | €2,821 | -€212 | -7.0% |
| Taxes | 450/3 | €3,032 | €2,821 | -€212 | -7.0% |
| Remuneration, social security and pensions | 62 | €15,042 | €14,196 | -€847 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,131 | €21,711 | -€2,421 | -10.0% |
| Other operating charges | 640/8 | €2,845 | €3,108 | +€263 | +9.2% |
| Gross operating margin | 9900 | €69,440 | €62,397 | -€7,043 | -10.1% |
| Operating profit (loss) | 9901 | €27,422 | €23,383 | -€4,039 | -14.7% |
| Financial income | 75/76B | €107 | - | -€107 | |
| Recurring financial income | 75 | €107 | - | -€107 | |
| Financial charges | 65/66B | €987 | €765 | -€222 | -22.5% |
| Recurring financial charges | 65 | €987 | €765 | -€222 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €26,542 | €22,618 | -€3,924 | -14.8% |
| Income taxes | 67/77 | €6,822 | €4,943 | -€1,879 | -27.5% |
| Profit (loss) for the period | 9904 | €19,720 | €17,675 | -€2,045 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,720 | €17,675 | -€2,045 | -10.4% |
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 30 October 2026 via checked.be.