SEATSCO: 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.
SEATSCO
Largest movements
- Stocks and contracts +€266,333
up €266,333 (+69.6%), from €382,582 to €648,915
- Tangible fixed assets +€42,240
up €42,240 (+35.2%), from €120,059 to €162,299
of which Land and buildings: +€26,660
- Cash -€35,237
down €35,237 (-18.9%), from €186,200 to €150,963
mainly Stocks and contracts (-€266,333) and Trade debts (-€233,361)
- Receivables within one year +€33,137
up €33,137 (+7.6%), from €433,776 to €466,913
of which Other amounts receivable: +€46,043
- Deferred charges and accrued income +€24,424
up €24,424 (+108.3%), from €22,558 to €46,983
- Other debts +€474,444
up €474,444 (+766.2%), from €61,921 to €536,365
- Trade debts -€233,361
down €233,361 (-49.4%), from €472,469 to €239,108
- Reserves +€48,218
up €48,218 (+21.6%), from €223,063 to €271,281
- Tax, wage and social debts +€17,949
up €17,949 (+41.2%), from €43,552 to €61,501
of which Remuneration and social security: +€10,375
- Accrued charges and deferred income +€16,452
up €16,452 (+193.5%), from €8,502 to €24,953
- Gross operating margin +€95,086
up €95,086 (+38.1%), from €249,473 to €344,559
- Staff costs +€70,533
up €70,533 (+36.4%), from €193,590 to €264,122
- Other operating charges -€37,055
down €37,055 (-86.1%), from €43,023 to €5,968
- Financial charges +€13,583
up €13,583 (+228.6%), from €5,941 to €19,525
- Depreciation +€12,040
up €12,040 (+86.6%), from €13,904 to €25,944
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 | €1,156,176 | €1,487,073 | +€330,897 | +28.6% |
| Fixed assets | 21/28 | €131,059 | €173,299 | +€42,240 | +32.2% |
| Tangible fixed assets | 22/27 | €120,059 | €162,299 | +€42,240 | +35.2% |
| Land and buildings | 22 | €57,115 | €83,775 | +€26,660 | +46.7% |
| Plant, machinery and equipment | 23 | €56,946 | €55,304 | -€1,642 | -2.9% |
| Furniture and vehicles | 24 | €5,998 | €23,220 | +€17,222 | +287.1% |
| Financial fixed assets | 28 | €11,000 | €11,000 | = | 0.0% |
| Current assets | 29/58 | €1,025,117 | €1,313,774 | +€288,657 | +28.2% |
| Stocks and contracts in progress | 3 | €382,582 | €648,915 | +€266,333 | +69.6% |
| Stocks | 30/36 | €382,582 | €648,915 | +€266,333 | +69.6% |
| Amounts receivable within one year | 40/41 | €433,776 | €466,913 | +€33,137 | +7.6% |
| Trade receivables | 40 | €20,262 | €7,355 | -€12,907 | -63.7% |
| Other amounts receivable | 41 | €413,514 | €459,558 | +€46,043 | +11.1% |
| Cash at bank and in hand | 54/58 | €186,200 | €150,963 | -€35,237 | -18.9% |
| Deferred charges and accrued income | 490/1 | €22,558 | €46,983 | +€24,424 | +108.3% |
| Total equity and liabilities | 10/49 | €1,156,176 | €1,487,073 | +€330,897 | +28.6% |
| Equity | 10/15 | €228,063 | €276,281 | +€48,218 | +21.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €223,063 | €271,281 | +€48,218 | +21.6% |
| Distributable reserves | 133 | €223,063 | €271,281 | +€48,218 | +21.6% |
| Amounts payable | 17/49 | €928,113 | €1,210,792 | +€282,679 | +30.5% |
| Amounts payable within one year | 42/48 | €919,611 | €1,185,838 | +€266,227 | +28.9% |
| Trade debts | 44 | €472,469 | €239,108 | -€233,361 | -49.4% |
| Suppliers | 440/4 | €472,469 | €239,108 | -€233,361 | -49.4% |
| Advances received on contracts in progress | 46 | €341,669 | €348,865 | +€7,196 | +2.1% |
| Taxes, remuneration and social security | 45 | €43,552 | €61,501 | +€17,949 | +41.2% |
| Taxes | 450/3 | €5,935 | €13,509 | +€7,574 | +127.6% |
| Remuneration and social security | 454/9 | €37,617 | €47,992 | +€10,375 | +27.6% |
| Other amounts payable | 47/48 | €61,921 | €536,365 | +€474,444 | +766.2% |
| Accrued charges and deferred income | 492/3 | €8,502 | €24,953 | +€16,452 | +193.5% |
| Remuneration, social security and pensions | 62 | €193,590 | €264,122 | +€70,533 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,904 | €25,944 | +€12,040 | +86.6% |
| Other operating charges | 640/8 | €43,023 | €5,968 | -€37,055 | -86.1% |
| Gross operating margin | 9900 | €249,473 | €344,559 | +€95,086 | +38.1% |
| Operating profit (loss) | 9901 | -€1,043 | €48,525 | +€49,568 | |
| Financial income | 75/76B | €33,022 | €32,726 | -€295 | -0.9% |
| Recurring financial income | 75 | €33,022 | €32,726 | -€295 | -0.9% |
| Financial charges | 65/66B | €5,941 | €19,525 | +€13,583 | +228.6% |
| Recurring financial charges | 65 | €5,941 | €19,525 | +€13,583 | +228.6% |
| Profit (loss) for the period before taxes | 9903 | €26,037 | €61,727 | +€35,689 | +137.1% |
| Income taxes | 67/77 | €5,033 | €13,509 | +€8,476 | +168.4% |
| Profit (loss) for the period | 9904 | €21,004 | €48,218 | +€27,214 | +129.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,004 | €48,218 | +€27,214 | +129.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.