SEAWORKS.BE: 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.
SEAWORKS.BE
Largest movements
- Receivables within one year -€71,762
down €71,762 (-98.6%), from €72,754 to €992
of which Trade receivables: -€72,174
- Cash -€42,161
down €42,161 (-85.4%), from €49,378 to €7,217
mainly Debts after one year (-€99,054) and Trade debts (-€17,976)
- Debts after one year -€99,054
down €99,054 (-47.2%), from €210,000 to €110,946
- Trade debts -€17,976
down €17,976 (-92.6%), from €19,412 to €1,436
- Profit (loss) carried forward +€6,287
up €6,287 (+4.3%), from -€145,677 to -€139,391
- Tax, wage and social debts -€3,016
down €3,016 (-57.6%), from €5,234 to €2,218
- Gross operating margin -€43,772
down €43,772 (-77.6%), from €56,420 to €12,648
- Financial charges +€4,077
up €4,077 (+256.9%), from €1,587 to €5,664
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 | €122,132 | €8,209 | -€113,923 | -93.3% |
| Current assets | 29/58 | €122,132 | €8,209 | -€113,923 | -93.3% |
| Amounts receivable within one year | 40/41 | €72,754 | €992 | -€71,762 | -98.6% |
| Trade receivables | 40 | €72,605 | €432 | -€72,174 | -99.4% |
| Other amounts receivable | 41 | €149 | €561 | +€412 | +277.3% |
| Cash at bank and in hand | 54/58 | €49,378 | €7,217 | -€42,161 | -85.4% |
| Total equity and liabilities | 10/49 | €122,132 | €8,209 | -€113,923 | -93.3% |
| Equity | 10/15 | -€112,677 | -€106,391 | +€6,287 | +5.6% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,677 | -€139,391 | +€6,287 | +4.3% |
| Amounts payable | 17/49 | €234,809 | €114,600 | -€120,209 | -51.2% |
| Amounts payable after more than one year | 17 | €210,000 | €110,946 | -€99,054 | -47.2% |
| Other amounts payable | 178/9 | €210,000 | €110,946 | -€99,054 | -47.2% |
| Amounts payable within one year | 42/48 | €24,646 | €3,654 | -€20,992 | -85.2% |
| Trade debts | 44 | €19,412 | €1,436 | -€17,976 | -92.6% |
| Suppliers | 440/4 | €19,412 | €1,436 | -€17,976 | -92.6% |
| Taxes, remuneration and social security | 45 | €5,234 | €2,218 | -€3,016 | -57.6% |
| Taxes | 450/3 | €5,234 | €2,218 | -€3,016 | -57.6% |
| Accrued charges and deferred income | 492/3 | €163 | - | -€163 | |
| Other operating charges | 640/8 | €680 | €697 | +€17 | +2.5% |
| Gross operating margin | 9900 | €56,420 | €12,648 | -€43,772 | -77.6% |
| Operating profit (loss) | 9901 | €55,740 | €11,951 | -€43,789 | -78.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,587 | €5,664 | +€4,077 | +256.9% |
| Recurring financial charges | 65 | €1,587 | €5,664 | +€4,077 | +256.9% |
| Profit (loss) for the period before taxes | 9903 | €54,153 | €6,287 | -€47,866 | -88.4% |
| Profit (loss) for the period | 9904 | €54,153 | €6,287 | -€47,866 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €54,153 | €6,287 | -€47,866 | -88.4% |
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 12 October 2026 via checked.be.