SEB Development: 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.
SEB Development
Largest movements
- Cash -€104,982
down €104,982 (-78.3%), from €134,116 to €29,134
mainly Receivables within one year (-€100,568) and Net result for the year (-€84,871)
- Receivables within one year +€100,568
up €100,568 (+35.1%), from €286,822 to €387,389
of which Other amounts receivable: +€100,568
- Profit (loss) carried forward -€84,871
down €84,871, from €61,322 to -€23,550
- Trade debts +€80,229
up €80,229 (+3688.7%), from €2,175 to €82,404
- Purchases and services -€70,335
no longer reported in 2025 (was €70,335)
- Other operating charges +€13,521
up €13,521 (+1397.5%), from €968 to €14,488
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 | €421,166 | €416,523 | -€4,642 | -1.1% |
| Formation expenses | 20 | €228 | €0 | -€228 | -100.0% |
| Fixed assets | 21/28 | - | €0 | = | |
| Intangible fixed assets | 21 | - | €0 | = | |
| Current assets | 29/58 | €420,938 | €416,523 | -€4,414 | -1.0% |
| Amounts receivable within one year | 40/41 | €286,822 | €387,389 | +€100,568 | +35.1% |
| Trade receivables | 40 | €242,000 | €242,000 | = | 0.0% |
| Other amounts receivable | 41 | €44,822 | €145,389 | +€100,568 | +224.4% |
| Cash at bank and in hand | 54/58 | €134,116 | €29,134 | -€104,982 | -78.3% |
| Total equity and liabilities | 10/49 | €421,166 | €416,523 | -€4,642 | -1.1% |
| Equity | 10/15 | €391,322 | €306,450 | -€84,871 | -21.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,322 | -€23,550 | -€84,871 | |
| Amounts payable | 17/49 | €29,844 | €110,073 | +€80,229 | +268.8% |
| Amounts payable after more than one year | 17 | €23,032 | €23,032 | = | 0.0% |
| Financial debts | 170/4 | €23,032 | €23,032 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,175 | €82,404 | +€80,229 | +3688.7% |
| Trade debts | 44 | €2,175 | €82,404 | +€80,229 | +3688.7% |
| Suppliers | 440/4 | €2,175 | €82,404 | +€80,229 | +3688.7% |
| Accrued charges and deferred income | 492/3 | €4,637 | €4,637 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €70,335 | - | -€70,335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €228 | +€228 | |
| Other operating charges | 640/8 | €968 | €14,488 | +€13,521 | +1397.5% |
| Gross operating margin | 9900 | -€70,335 | -€69,706 | +€629 | +0.9% |
| Operating profit (loss) | 9901 | -€71,303 | -€84,422 | -€13,120 | -18.4% |
| Financial charges | 65/66B | €420 | €449 | +€29 | +6.9% |
| Recurring financial charges | 65 | €420 | €449 | +€29 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | -€71,723 | -€84,871 | -€13,149 | -18.3% |
| Profit (loss) for the period | 9904 | -€71,723 | -€84,871 | -€13,149 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,723 | -€84,871 | -€13,149 | -18.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.