SEB FRIT: 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.
SEB FRIT
Largest movements
- Cash -€10,605
down €10,605 (-63.9%), from €16,590 to €5,986
mainly Debts after one year (-€8,947) and Other debts (-€7,741)
- Tangible fixed assets -€9,874
down €9,874 (-15.1%), from €65,576 to €55,702
of which Plant, machinery and equipment: -€8,743
- Receivables within one year -€885
down €885 (-41.8%), from €2,115 to €1,231
of which Other amounts receivable: -€960
- Debts after one year -€8,947
down €8,947 (-81.9%), from €10,925 to €1,978
- Other debts -€7,741
down €7,741 (-14.3%), from €53,966 to €46,226
- Current portion of long-term debt -€2,887
down €2,887 (-24.4%), from €11,834 to €8,947
- Accrued charges and deferred income -€1,240
no longer reported in 2025 (was €1,240)
- Trade debts -€1,108
down €1,108 (-24.7%), from €4,489 to €3,381
- Gross operating margin -€14,664
down €14,664 (-47.8%), from €30,704 to €16,039
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.
Derived cash bridge
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 | €87,829 | €66,869 | -€20,960 | -23.9% |
| Fixed assets | 21/28 | €65,576 | €55,702 | -€9,874 | -15.1% |
| Tangible fixed assets | 22/27 | €65,576 | €55,702 | -€9,874 | -15.1% |
| Plant, machinery and equipment | 23 | €63,522 | €54,780 | -€8,743 | -13.8% |
| Other tangible fixed assets | 26 | €2,054 | €922 | -€1,132 | -55.1% |
| Current assets | 29/58 | €22,253 | €11,167 | -€11,086 | -49.8% |
| Stocks and contracts in progress | 3 | €3,547 | €3,951 | +€404 | +11.4% |
| Stocks | 30/36 | €3,547 | €3,951 | +€404 | +11.4% |
| Amounts receivable within one year | 40/41 | €2,115 | €1,231 | -€885 | -41.8% |
| Trade receivables | 40 | - | €75 | +€75 | |
| Other amounts receivable | 41 | €2,115 | €1,155 | -€960 | -45.4% |
| Cash at bank and in hand | 54/58 | €16,590 | €5,986 | -€10,605 | -63.9% |
| Total equity and liabilities | 10/49 | €87,829 | €66,869 | -€20,960 | -23.9% |
| Equity | 10/15 | €5,224 | €6,044 | +€820 | +15.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €224 | €1,044 | +€820 | +366% |
| Distributable reserves | 133 | €224 | €1,044 | +€820 | +366% |
| Amounts payable | 17/49 | €82,606 | €60,825 | -€21,780 | -26.4% |
| Amounts payable after more than one year | 17 | €10,925 | €1,978 | -€8,947 | -81.9% |
| Financial debts | 170/4 | €10,925 | €1,978 | -€8,947 | -81.9% |
| Amounts payable within one year | 42/48 | €70,440 | €58,848 | -€11,593 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €11,834 | €8,947 | -€2,887 | -24.4% |
| Trade debts | 44 | €4,489 | €3,381 | -€1,108 | -24.7% |
| Suppliers | 440/4 | €4,489 | €3,381 | -€1,108 | -24.7% |
| Taxes, remuneration and social security | 45 | €151 | €294 | +€143 | +94.7% |
| Taxes | 450/3 | €151 | €294 | +€143 | +94.7% |
| Other amounts payable | 47/48 | €53,966 | €46,226 | -€7,741 | -14.3% |
| Accrued charges and deferred income | 492/3 | €1,240 | - | -€1,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,864 | €11,097 | +€232 | +2.1% |
| Other operating charges | 640/8 | €723 | €759 | +€35 | +4.9% |
| Gross operating margin | 9900 | €30,704 | €16,039 | -€14,664 | -47.8% |
| Operating profit (loss) | 9901 | €19,116 | €4,184 | -€14,932 | -78.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.5% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.5% |
| Financial charges | 65/66B | €3,251 | €3,070 | -€181 | -5.6% |
| Recurring financial charges | 65 | €3,251 | €3,070 | -€181 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €15,866 | €1,114 | -€14,752 | -93.0% |
| Income taxes | 67/77 | €151 | €294 | +€143 | +94.7% |
| Profit (loss) for the period | 9904 | €15,715 | €820 | -€14,895 | -94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,715 | €820 | -€14,895 | -94.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.