SEB PROPERTIES: 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 PROPERTIES
Largest movements
- Receivables within one year -€34,525
down €34,525 (-68.7%), from €50,275 to €15,750
of which Trade receivables: -€24,525
- Cash -€27,937
down €27,937 (-21.0%), from €132,796 to €104,858
mainly Other debts (-€34,525) and Trade debts (-€13,969)
- Other debts -€34,525
down €34,525 (-43.9%), from €78,701 to €44,176
- Trade debts -€13,969
down €13,969 (-98.7%), from €14,160 to €191
- Tax, wage and social debts -€10,289
down €10,289 (-100.0%), from €10,289 to €0
- Profit (loss) carried forward -€3,679
down €3,679, from €0 to -€3,679
- Gross operating margin -€137,718
down €137,718, from €135,066 to -€2,652
- Taxes -€26,033
down €26,033 (-100.0%), from €26,033 to €0
- Financial charges -€19,962
down €19,962 (-98.8%), from €20,198 to €236
- Other operating charges -€8,128
down €8,128 (-91.1%), from €8,919 to €791
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 | €183,071 | €120,608 | -€62,463 | -34.1% |
| Current assets | 29/58 | €183,071 | €120,608 | -€62,463 | -34.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €50,275 | €15,750 | -€34,525 | -68.7% |
| Trade receivables | 40 | €40,275 | €15,750 | -€24,525 | -60.9% |
| Other amounts receivable | 41 | €10,000 | €0 | -€10,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €132,796 | €104,858 | -€27,937 | -21.0% |
| Total equity and liabilities | 10/49 | €183,071 | €120,608 | -€62,463 | -34.1% |
| Equity | 10/15 | €79,421 | €75,742 | -€3,679 | -4.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €69,421 | €69,421 | = | 0.0% |
| Distributable reserves | 133 | €69,421 | €69,421 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€3,679 | -€3,679 | |
| Amounts payable | 17/49 | €103,650 | €44,866 | -€58,784 | -56.7% |
| Amounts payable within one year | 42/48 | €103,150 | €44,366 | -€58,784 | -57.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €14,160 | €191 | -€13,969 | -98.7% |
| Suppliers | 440/4 | €14,160 | €191 | -€13,969 | -98.7% |
| Taxes, remuneration and social security | 45 | €10,289 | €0 | -€10,289 | -100.0% |
| Taxes | 450/3 | €10,289 | €0 | -€10,289 | -100.0% |
| Other amounts payable | 47/48 | €78,701 | €44,176 | -€34,525 | -43.9% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Other operating charges | 640/8 | €8,919 | €791 | -€8,128 | -91.1% |
| Gross operating margin | 9900 | €135,066 | -€2,652 | -€137,718 | |
| Operating profit (loss) | 9901 | €126,147 | -€3,443 | -€129,589 | |
| Financial charges | 65/66B | €20,198 | €236 | -€19,962 | -98.8% |
| Recurring financial charges | 65 | €20,198 | €236 | -€19,962 | -98.8% |
| Profit (loss) for the period before taxes | 9903 | €105,949 | -€3,679 | -€109,627 | |
| Income taxes | 67/77 | €26,033 | €0 | -€26,033 | -100.0% |
| Profit (loss) for the period | 9904 | €79,916 | -€3,679 | -€83,595 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,916 | -€3,679 | -€83,595 |
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.