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 after one year -€536,951
down €536,951 (-100%), from €536,951 to €0
- Receivables within one year +€166,163
new in 2025: €166,163
- Cash +€19,634
new in 2025: €19,634
mainly Receivables after one year (+€536,951) and Other debts (+€2,351)
- Tax, wage and social debts -€356,236
down €356,236 (-99.8%), from €356,978 to €742
- Financial income +€6,975
new in 2025: €6,975
- Gross operating margin -€3,654
new in 2025: -€3,654
- Taxes +€738
new in 2025: €738
- Other operating charges +€509
new in 2025: €509
From the 17-03-2025 result to the 31-12-2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Derived from the 17-03-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 17-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €536,951 | €185,796 | -€351,155 | -65.4% |
| Current assets | 29/58 | €536,951 | €185,796 | -€351,155 | -65.4% |
| Amounts receivable after more than one year | 29 | €536,951 | €0 | -€536,951 | -100% |
| Other amounts receivable | 291 | €536,951 | €0 | -€536,951 | -100% |
| Amounts receivable within one year | 40/41 | - | €166,163 | +€166,163 | |
| Other amounts receivable | 41 | - | €166,163 | +€166,163 | |
| Cash at bank and in hand | 54/58 | - | €19,634 | +€19,634 | |
| Total equity and liabilities | 10/49 | €536,951 | €185,796 | -€351,155 | -65.4% |
| Equity | 10/15 | €176,947 | €178,986 | +€2,039 | +1.2% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,747 | €177,786 | +€2,039 | +1.2% |
| Amounts payable | 17/49 | €360,004 | €6,810 | -€353,194 | -98.1% |
| Amounts payable within one year | 42/48 | €360,003 | €6,810 | -€353,193 | -98.1% |
| Trade debts | 44 | - | €692 | +€692 | |
| Suppliers | 440/4 | - | €692 | +€692 | |
| Taxes, remuneration and social security | 45 | €356,978 | €742 | -€356,236 | -99.8% |
| Taxes | 450/3 | €356,978 | €742 | -€356,236 | -99.8% |
| Other amounts payable | 47/48 | €3,025 | €5,376 | +€2,351 | +77.7% |
| Accrued charges and deferred income | 492/3 | €1 | €0 | -€1 | -100% |
| Other operating charges | 640/8 | - | €509 | +€509 | |
| Gross operating margin | 9900 | - | -€3,654 | -€3,654 | |
| Operating profit (loss) | 9901 | - | -€4,163 | -€4,163 | |
| Financial income | 75/76B | - | €6,975 | +€6,975 | |
| Recurring financial income | 75 | - | €6,975 | +€6,975 | |
| Financial charges | 65/66B | - | €35 | +€35 | |
| Recurring financial charges | 65 | - | €35 | +€35 | |
| Profit (loss) for the period before taxes | 9903 | - | €2,777 | +€2,777 | |
| Income taxes | 67/77 | - | €738 | +€738 | |
| Profit (loss) for the period | 9904 | - | €2,039 | +€2,039 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €2,039 | +€2,039 |
Source: filed annual accounts (NBB), financial years ended 17 March 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.