SEAWOOD: 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.
SEAWOOD
Largest movements
- Receivables within one year +€37,073
up €37,073 (+401.6%), from €9,232 to €46,304
- Tangible fixed assets -€15,407
down €15,407 (-4.5%), from €338,901 to €323,494
of which Land and buildings: -€10,757
- Tax, wage and social debts +€24,956
up €24,956 (+85.5%), from €29,190 to €54,145
- Debts after one year -€24,379
down €24,379 (-9.4%), from €258,294 to €233,915
- Reserves +€23,786
up €23,786 (+155.1%), from €15,335 to €39,122
of which Distributable reserves: +€23,786
- Trade debts -€6,691
down €6,691 (-56.9%), from €11,754 to €5,062
- Gross operating margin +€20,215
up €20,215 (+39.7%), from €50,951 to €71,166
- Taxes +€9,769
up €9,769 (+131.2%), from €7,448 to €17,216
- Depreciation -€1,185
down €1,185 (-7.1%), from €16,592 to €15,407
- Financial charges -€1,108
down €1,108 (-8.2%), from €13,469 to €12,361
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €364,265 | €382,375 | +€18,110 | +5.0% |
| Fixed assets | 21/28 | €338,901 | €323,494 | -€15,407 | -4.5% |
| Tangible fixed assets | 22/27 | €338,901 | €323,494 | -€15,407 | -4.5% |
| Land and buildings | 22 | €331,185 | €320,428 | -€10,757 | -3.2% |
| Plant, machinery and equipment | 23 | €186 | €0 | -€186 | -100.0% |
| Furniture and vehicles | 24 | €7,530 | €3,066 | -€4,465 | -59.3% |
| Current assets | 29/58 | €25,364 | €58,881 | +€33,517 | +132.1% |
| Amounts receivable within one year | 40/41 | €9,232 | €46,304 | +€37,073 | +401.6% |
| Other amounts receivable | 41 | €9,232 | €46,304 | +€37,073 | +401.6% |
| Deferred charges and accrued income | 490/1 | €16,132 | €12,577 | -€3,555 | -22.0% |
| Total equity and liabilities | 10/49 | €364,265 | €382,375 | +€18,110 | +5.0% |
| Equity | 10/15 | €27,735 | €51,522 | +€23,786 | +85.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,335 | €39,122 | +€23,786 | +155.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €15,335 | €39,122 | +€23,786 | +155.1% |
| Amounts payable | 17/49 | €336,529 | €330,853 | -€5,676 | -1.7% |
| Amounts payable after more than one year | 17 | €258,294 | €233,915 | -€24,379 | -9.4% |
| Financial debts | 170/4 | €258,294 | €233,915 | -€24,379 | -9.4% |
| Amounts payable within one year | 42/48 | €78,220 | €96,938 | +€18,719 | +23.9% |
| Current portion of amounts payable after more than one year | 42 | €26,060 | €26,590 | +€531 | +2.0% |
| Financial debts | 43 | €11,217 | €11,140 | -€76 | -0.7% |
| Credit institutions | 430/8 | €11,217 | €11,140 | -€76 | -0.7% |
| Trade debts | 44 | €11,754 | €5,062 | -€6,691 | -56.9% |
| Suppliers | 440/4 | €11,754 | €5,062 | -€6,691 | -56.9% |
| Taxes, remuneration and social security | 45 | €29,190 | €54,145 | +€24,956 | +85.5% |
| Taxes | 450/3 | €29,190 | €54,145 | +€24,956 | +85.5% |
| Accrued charges and deferred income | 492/3 | €16 | €0 | -€16 | -100.0% |
| Non-recurring operating income | 76A | - | €4,300 | +€4,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,592 | €15,407 | -€1,185 | -7.1% |
| Other operating charges | 640/8 | €2,262 | €2,395 | +€133 | +5.9% |
| Gross operating margin | 9900 | €50,951 | €71,166 | +€20,215 | +39.7% |
| Operating profit (loss) | 9901 | €32,097 | €53,364 | +€21,267 | +66.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €13,469 | €12,361 | -€1,108 | -8.2% |
| Recurring financial charges | 65 | €13,469 | €12,361 | -€1,108 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €18,629 | €41,003 | +€22,374 | +120.1% |
| Income taxes | 67/77 | €7,448 | €17,216 | +€9,769 | +131.2% |
| Profit (loss) for the period | 9904 | €11,181 | €23,786 | +€12,606 | +112.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,181 | €23,786 | +€12,606 | +112.7% |
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 6 October 2026 via checked.be.