SEAVIEW: 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.
SEAVIEW
Largest movements
- Receivables within one year +€21,399
up €21,399 (+1229.4%), from €1,741 to €23,139
of which Trade receivables: +€16,278
- Cash -€7,769
down €7,769 (-98.4%), from €7,898 to €129
mainly Receivables within one year (-€21,399) and Investment in fixed assets (net) (-€3,518)
- Tangible fixed assets +€2,555
up €2,555 (+302.0%), from €846 to €3,401
of which Furniture and vehicles: +€2,858
- Deferred charges and accrued income +€826
up €826, from €0 to €826
- Profit (loss) carried forward +€15,681
up €15,681 (+30.3%), from -€51,787 to -€36,107
- Trade debts +€670
up €670 (+271.9%), from €247 to €917
- Tax, wage and social debts +€660
up €660 (+2641.7%), from €25 to €685
- Gross operating margin +€27,254
up €27,254, from -€9,925 to €17,330
- Financial income +€413
up €413, from €0 to €413
- Depreciation +€340
up €340 (+54.6%), from €623 to €963
- Other operating charges +€285
up €285 (+48.2%), from €591 to €876
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 | €10,484 | €27,495 | +€17,011 | +162.3% |
| Fixed assets | 21/28 | €846 | €3,401 | +€2,555 | +302.0% |
| Tangible fixed assets | 22/27 | €846 | €3,401 | +€2,555 | +302.0% |
| Plant, machinery and equipment | 23 | €562 | €259 | -€303 | -53.9% |
| Furniture and vehicles | 24 | €284 | €3,142 | +€2,858 | +1005.2% |
| Current assets | 29/58 | €9,639 | €24,095 | +€14,456 | +150.0% |
| Amounts receivable within one year | 40/41 | €1,741 | €23,139 | +€21,399 | +1229.4% |
| Trade receivables | 40 | €624 | €16,902 | +€16,278 | +2610.8% |
| Other amounts receivable | 41 | €1,117 | €6,238 | +€5,121 | +458.4% |
| Cash at bank and in hand | 54/58 | €7,898 | €129 | -€7,769 | -98.4% |
| Deferred charges and accrued income | 490/1 | €0 | €826 | +€826 | |
| Total equity and liabilities | 10/49 | €10,484 | €27,495 | +€17,011 | +162.3% |
| Equity | 10/15 | €10,213 | €25,893 | +€15,681 | +153.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,787 | -€36,107 | +€15,681 | +30.3% |
| Amounts payable | 17/49 | €272 | €1,602 | +€1,330 | +490.0% |
| Amounts payable within one year | 42/48 | €272 | €1,602 | +€1,330 | +490.0% |
| Trade debts | 44 | €247 | €917 | +€670 | +271.9% |
| Suppliers | 440/4 | €247 | €917 | +€670 | +271.9% |
| Taxes, remuneration and social security | 45 | €25 | €685 | +€660 | +2641.7% |
| Taxes | 450/3 | €25 | €685 | +€660 | +2641.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €623 | €963 | +€340 | +54.6% |
| Other operating charges | 640/8 | €591 | €876 | +€285 | +48.2% |
| Gross operating margin | 9900 | -€9,925 | €17,330 | +€27,254 | |
| Operating profit (loss) | 9901 | -€11,139 | €15,490 | +€26,629 | |
| Financial income | 75/76B | €0 | €413 | +€413 | |
| Recurring financial income | 75 | €0 | €413 | +€413 | |
| Financial charges | 65/66B | €182 | €223 | +€41 | +22.5% |
| Recurring financial charges | 65 | €182 | €223 | +€41 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,321 | €15,681 | +€27,001 | |
| Profit (loss) for the period | 9904 | -€11,321 | €15,681 | +€27,001 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,321 | €15,681 | +€27,001 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.