SEAWORKS.BE.INTERIM: 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.INTERIM
Largest movements
- Cash -€2,225
down €2,225 (-99.7%), from €2,231 to €6
mainly Net result for the year (-€3,144) and Receivables within one year (-€412)
- Receivables within one year +€412
new in 2025: €412
- Profit (loss) carried forward -€3,144
down €3,144 (-5.4%), from -€58,424 to -€61,569
- Other debts +€1,000
new in 2025: €1,000
- Trade debts +€390
up €390 (+85.6%), from €455 to €845
- Accrued charges and deferred income -€58
down €58 (-38.7%), from €150 to €92
- Financial charges -€556
down €556 (-78.6%), from €707 to €151
- Gross operating margin +€311
up €311 (+11.9%), from -€2,607 to -€2,296
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 | €2,231 | €418 | -€1,813 | -81.3% |
| Current assets | 29/58 | €2,231 | €418 | -€1,813 | -81.3% |
| Amounts receivable within one year | 40/41 | - | €412 | +€412 | |
| Other amounts receivable | 41 | - | €412 | +€412 | |
| Cash at bank and in hand | 54/58 | €2,231 | €6 | -€2,225 | -99.7% |
| Total equity and liabilities | 10/49 | €2,231 | €418 | -€1,813 | -81.3% |
| Equity | 10/15 | €1,626 | -€1,519 | -€3,144 | |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,424 | -€61,569 | -€3,144 | -5.4% |
| Amounts payable | 17/49 | €605 | €1,937 | +€1,332 | +220.1% |
| Amounts payable within one year | 42/48 | €455 | €1,845 | +€1,390 | +305.4% |
| Trade debts | 44 | €455 | €845 | +€390 | +85.6% |
| Suppliers | 440/4 | €455 | €845 | +€390 | +85.6% |
| Other amounts payable | 47/48 | - | €1,000 | +€1,000 | |
| Accrued charges and deferred income | 492/3 | €150 | €92 | -€58 | -38.7% |
| Other operating charges | 640/8 | €680 | €697 | +€17 | +2.5% |
| Gross operating margin | 9900 | -€2,607 | -€2,296 | +€311 | +11.9% |
| Operating profit (loss) | 9901 | -€3,287 | -€2,993 | +€294 | +8.9% |
| Financial charges | 65/66B | €707 | €151 | -€556 | -78.6% |
| Recurring financial charges | 65 | €707 | €151 | -€556 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,995 | -€3,144 | +€850 | +21.3% |
| Profit (loss) for the period | 9904 | -€3,995 | -€3,144 | +€850 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,995 | -€3,144 | +€850 | +21.3% |
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 9 October 2026 via checked.be.