SEAVIEW CAPITAL: 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.
SEAVIEW CAPITAL
Largest movements
- Receivables within one year +€14,505
up €14,505 (+498%), from €2,913 to €17,419
of which Other amounts receivable: +€15,039
- Cash -€3,132
down €3,132 (-48.3%), from €6,479 to €3,347
mainly Other debts (-€92,355) and Receivables within one year (-€14,505)
- Deferred charges and accrued income -€2,138
down €2,138 (-15.5%), from €13,785 to €11,646
- Other debts -€92,355
down €92,355 (-100%), from €92,355 to €0
- Profit (loss) carried forward +€70,540
up €70,540 (+178%), from €39,567 to €110,106
- Tax, wage and social debts +€32,571
up €32,571 (+210%), from €15,492 to €48,062
- Trade debts -€1,958
down €1,958 (-25.6%), from €7,634 to €5,676
- Gross operating margin +€37,539
up €37,539 (+60.8%), from €61,746 to €99,285
- Taxes +€10,418
up €10,418 (+67.2%), from €15,492 to €25,909
- Financial charges +€1,181
up €1,181 (+104%), from €1,130 to €2,311
- Other operating charges -€1,077
down €1,077 (-51.9%), from €2,074 to €997
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 | €159,177 | €168,412 | +€9,235 | +5.8% |
| Fixed assets | 21/28 | €136,000 | €136,000 | = | 0.0% |
| Financial fixed assets | 28 | €136,000 | €136,000 | = | 0.0% |
| Current assets | 29/58 | €23,177 | €32,412 | +€9,235 | +39.8% |
| Amounts receivable within one year | 40/41 | €2,913 | €17,419 | +€14,505 | +498% |
| Trade receivables | 40 | €533 | €0 | -€533 | -100% |
| Other amounts receivable | 41 | €2,380 | €17,419 | +€15,039 | +632% |
| Cash at bank and in hand | 54/58 | €6,479 | €3,347 | -€3,132 | -48.3% |
| Deferred charges and accrued income | 490/1 | €13,785 | €11,646 | -€2,138 | -15.5% |
| Total equity and liabilities | 10/49 | €159,177 | €168,412 | +€9,235 | +5.8% |
| Equity | 10/15 | €42,567 | €113,106 | +€70,540 | +166% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,567 | €110,106 | +€70,540 | +178% |
| Amounts payable | 17/49 | €116,610 | €55,306 | -€61,305 | -52.6% |
| Amounts payable within one year | 42/48 | €115,480 | €53,739 | -€61,742 | -53.5% |
| Trade debts | 44 | €7,634 | €5,676 | -€1,958 | -25.6% |
| Suppliers | 440/4 | €7,634 | €5,676 | -€1,958 | -25.6% |
| Taxes, remuneration and social security | 45 | €15,492 | €48,062 | +€32,571 | +210% |
| Taxes | 450/3 | €15,492 | €48,062 | +€32,571 | +210% |
| Other amounts payable | 47/48 | €92,355 | €0 | -€92,355 | -100% |
| Accrued charges and deferred income | 492/3 | €1,130 | €1,567 | +€437 | +38.7% |
| Other operating charges | 640/8 | €2,074 | €997 | -€1,077 | -51.9% |
| Gross operating margin | 9900 | €61,746 | €99,285 | +€37,539 | +60.8% |
| Operating profit (loss) | 9901 | €59,672 | €98,288 | +€38,616 | +64.7% |
| Financial income | 75/76B | - | €472 | +€472 | |
| Recurring financial income | 75 | - | €472 | +€472 | |
| Financial charges | 65/66B | €1,130 | €2,311 | +€1,181 | +104% |
| Recurring financial charges | 65 | €1,130 | €2,311 | +€1,181 | +104% |
| Profit (loss) for the period before taxes | 9903 | €58,542 | €96,449 | +€37,907 | +64.8% |
| Income taxes | 67/77 | €15,492 | €25,909 | +€10,418 | +67.2% |
| Profit (loss) for the period | 9904 | €43,050 | €70,540 | +€27,489 | +63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,050 | €70,540 | +€27,489 | +63.9% |
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 31 October 2026 via checked.be.