Seb-Renov: what changed
What changed
Seb-Renov
NACE 43.350, Other building finishing work
filed annual accounts (NBB)
Net result for the year
€43,366
2024 · -€8,502+€51,868
Equity
-€145,404
2024 · -€188,770+€43,366
Cash
€44,197
2024 · €18,492+€25,705
Balance sheet total
€473,068
2024 · €443,325+€29,743
Largest movements
Assets
- Cash +€25,705
up €25,705 (+139%), from €18,492 to €44,197
mainly Net result for the year (+€43,366) and Depreciation (+€14,418)
Equity and liabilities
- Profit (loss) carried forward +€43,366
up €43,366 (+20.8%), from -€208,011 to -€164,645
- Debts after one year -€23,945
down €23,945 (-4.0%), from €597,582 to €573,637
- Trade debts +€4,899
up €4,899 (+226%), from €2,168 to €7,067
Income statement
- Gross operating margin +€48,980
up €48,980 (+287%), from €17,060 to €66,040
- Depreciation +€3,595
up €3,595 (+33.2%), from €10,823 to €14,418
- Staff costs +€700
up €700 (+297%), from €236 to €936
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€8,502
Gross operating margin
+€48,980
Staff costs
-€700
Depreciation
-€3,595
Other operating charges
-€311
Other operating items
+€6,878
Financial income
+€79
Financial charges
+€537
Result 2025
€43,366
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€66,767
Investment
-€17,569
Financing
-€23,493
Cash 2024
€18,492
From operations (derived)
+€66,767
Net result for the year
+€43,366
Depreciation
+€14,418
Receivables within one year
-€494
Deferred charges and accrued income
-€393
Trade debts
+€4,899
Tax, wage and social debts
+€3,153
Advances received
+€1,818
Investment (derived)
-€17,569
Investment in fixed assets (net)
-€17,569
Financing
-€23,493
Debts after one year
-€23,945
Current portion of long-term debt
+€452
Cash 2025
€44,197
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €443,325 | €473,068 | +€29,743 | +6.7% |
| Fixed assets | 21/28 | €418,758 | €421,909 | +€3,151 | +0.8% |
| Tangible fixed assets | 22/27 | €418,758 | €421,909 | +€3,151 | +0.8% |
| Land and buildings | 22 | €418,758 | €407,935 | -€10,823 | -2.6% |
| Plant, machinery and equipment | 23 | - | €5,920 | +€5,920 | |
| Furniture and vehicles | 24 | - | €8,054 | +€8,054 | |
| Current assets | 29/58 | €24,567 | €51,159 | +€26,592 | +108% |
| Amounts receivable within one year | 40/41 | €6,075 | €6,569 | +€494 | +8.1% |
| Trade receivables | 40 | €3,033 | €1,204 | -€1,829 | -60.3% |
| Other amounts receivable | 41 | €3,042 | €5,365 | +€2,323 | +76.4% |
| Cash at bank and in hand | 54/58 | €18,492 | €44,197 | +€25,705 | +139% |
| Deferred charges and accrued income | 490/1 | - | €393 | +€393 | |
| Total equity and liabilities | 10/49 | €443,325 | €473,068 | +€29,743 | +6.7% |
| Equity | 10/15 | -€188,770 | -€145,404 | +€43,366 | +23.0% |
| Contributions | 10/11 | €19,241 | €19,241 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€208,011 | -€164,645 | +€43,366 | +20.8% |
| Amounts payable | 17/49 | €632,095 | €618,472 | -€13,623 | -2.2% |
| Amounts payable after more than one year | 17 | €597,582 | €573,637 | -€23,945 | -4.0% |
| Financial debts | 170/4 | €597,582 | €573,637 | -€23,945 | -4.0% |
| Amounts payable within one year | 42/48 | €34,513 | €44,835 | +€10,322 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €23,493 | €23,945 | +€452 | +1.9% |
| Trade debts | 44 | €2,168 | €7,067 | +€4,899 | +226% |
| Suppliers | 440/4 | €2,168 | €7,067 | +€4,899 | +226% |
| Advances received on contracts in progress | 46 | - | €1,818 | +€1,818 | |
| Taxes, remuneration and social security | 45 | - | €3,153 | +€3,153 | |
| Taxes | 450/3 | - | €538 | +€538 | |
| Remuneration and social security | 454/9 | - | €2,615 | +€2,615 | |
| Other amounts payable | 47/48 | €8,852 | €8,852 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €236 | €936 | +€700 | +297% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,823 | €14,418 | +€3,595 | +33.2% |
| Other operating charges | 640/8 | €3,283 | €3,594 | +€311 | +9.5% |
| Non-recurring operating charges | 66A | €6,878 | - | -€6,878 | |
| Gross operating margin | 9900 | €17,060 | €66,040 | +€48,980 | +287% |
| Operating profit (loss) | 9901 | -€4,160 | €47,092 | +€51,252 | |
| Financial income | 75/76B | - | €79 | +€79 | |
| Recurring financial income | 75 | - | €79 | +€79 | |
| Financial charges | 65/66B | €4,342 | €3,805 | -€537 | -12.4% |
| Recurring financial charges | 65 | €4,342 | €3,805 | -€537 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,502 | €43,366 | +€51,868 | |
| Profit (loss) for the period | 9904 | -€8,502 | €43,366 | +€51,868 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,502 | €43,366 | +€51,868 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.