SEB TRADING: 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.
What changed
SEB TRADING
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€24,428
2024 · -€104,192+€79,765
Equity
-€117,004
2024 · -€92,576-€24,428
Cash
€18,875
2024 · €19,000-€125
Balance sheet total
€1.7m
2024 · €1.5m+€213,919
Largest movements
Assets
- Tangible fixed assets +€221,330
up €221,330 (+21.7%), from €1.0m to €1.2m
Equity and liabilities
- Debts after one year +€315,715
up €315,715 (+124%), from €254,798 to €570,513
of which Financial debts: +€315,715
- Other debts -€95,200
down €95,200 (-7.6%), from €1.3m to €1.2m
- Profit (loss) carried forward -€24,428
down €24,428 (-7.3%), from -€334,031 to -€358,458
Income statement
- Gross operating margin +€125,291
up €125,291 (+2,548%), from €4,918 to €130,209
- Depreciation +€41,355
up €41,355 (+47.2%), from €87,567 to €128,922
- Financial charges +€6,155
up €6,155 (+35.5%), from €17,329 to €23,484
- Other operating charges -€1,750
down €1,750 (-44.0%), from €3,982 to €2,231
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.
Result 2024
-€104,192
Gross operating margin
+€125,291
Depreciation
-€41,355
Other operating charges
+€1,750
Financial income
-€202
Financial charges
-€6,155
Taxes
+€435
Result 2025
-€24,428
raises the resultlowers the result
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.
From operations
+€33,143
Investment
-€350,252
Financing
+€316,984
Cash 2024
€19,000
From operations (derived)
+€33,143
Net result for the year
-€24,428
Depreciation
+€128,922
Stocks and contracts
+€1,500
Receivables within one year
+€5,786
Trade debts
+€16,836
Tax, wage and social debts
-€274
Other debts
-€95,200
Investment (derived)
-€350,252
Investment in fixed assets (net)
-€350,252
Financing
+€316,984
Debts after one year
+€315,715
Current portion of long-term debt
+€1,269
Cash 2025
€18,875
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,478,065 | €1,691,984 | +€213,919 | +14.5% |
| Fixed assets | 21/28 | €1,331,021 | €1,552,351 | +€221,330 | +16.6% |
| Tangible fixed assets | 22/27 | €1,022,187 | €1,243,517 | +€221,330 | +21.7% |
| Land and buildings | 22 | €1,022,187 | €1,243,517 | +€221,330 | +21.7% |
| Financial fixed assets | 28 | €308,834 | €308,834 | = | 0.0% |
| Current assets | 29/58 | €147,044 | €139,632 | -€7,412 | -5.0% |
| Stocks and contracts in progress | 3 | €26,823 | €25,323 | -€1,500 | -5.6% |
| Stocks | 30/36 | €26,823 | €25,323 | -€1,500 | -5.6% |
| Amounts receivable within one year | 40/41 | €101,220 | €95,434 | -€5,786 | -5.7% |
| Trade receivables | 40 | €70,687 | €69,714 | -€973 | -1.4% |
| Other amounts receivable | 41 | €30,533 | €25,720 | -€4,813 | -15.8% |
| Cash at bank and in hand | 54/58 | €19,000 | €18,875 | -€125 | -0.7% |
| Total equity and liabilities | 10/49 | €1,478,065 | €1,691,984 | +€213,919 | +14.5% |
| Equity | 10/15 | -€92,576 | -€117,004 | -€24,428 | -26.4% |
| Contributions | 10/11 | €80,600 | €80,600 | = | 0.0% |
| Contributions outside capital | 11 | €80,600 | €80,600 | = | 0.0% |
| Other | 1109/19 | €80,600 | €80,600 | = | 0.0% |
| Reserves | 13 | €160,855 | €160,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,959 | €4,959 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,959 | €4,959 | = | 0.0% |
| Distributable reserves | 133 | €155,896 | €155,896 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€334,031 | -€358,458 | -€24,428 | -7.3% |
| Amounts payable | 17/49 | €1,570,641 | €1,808,987 | +€238,346 | +15.2% |
| Amounts payable after more than one year | 17 | €254,798 | €570,513 | +€315,715 | +124% |
| Financial debts | 170/4 | €227,548 | €543,263 | +€315,715 | +139% |
| Other amounts payable | 178/9 | €27,250 | €27,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,315,843 | €1,238,475 | -€77,369 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €31,379 | €32,647 | +€1,269 | +4.0% |
| Trade debts | 44 | €25,405 | €42,241 | +€16,836 | +66.3% |
| Suppliers | 440/4 | €25,405 | €42,241 | +€16,836 | +66.3% |
| Taxes, remuneration and social security | 45 | €361 | €87 | -€274 | -76.0% |
| Taxes | 450/3 | €361 | €87 | -€274 | -76.0% |
| Other amounts payable | 47/48 | €1,258,699 | €1,163,500 | -€95,200 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,567 | €128,922 | +€41,355 | +47.2% |
| Other operating charges | 640/8 | €3,982 | €2,231 | -€1,750 | -44.0% |
| Gross operating margin | 9900 | €4,918 | €130,209 | +€125,291 | +2,548% |
| Operating profit (loss) | 9901 | -€86,630 | -€944 | +€85,687 | +98.9% |
| Financial income | 75/76B | €202 | - | -€202 | |
| Recurring financial income | 75 | €202 | - | -€202 | |
| Financial charges | 65/66B | €17,329 | €23,484 | +€6,155 | +35.5% |
| Recurring financial charges | 65 | €17,329 | €23,484 | +€6,155 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | -€103,758 | -€24,428 | +€79,330 | +76.5% |
| Income taxes | 67/77 | €435 | - | -€435 | |
| Profit (loss) for the period | 9904 | -€104,192 | -€24,428 | +€79,765 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€104,192 | -€24,428 | +€79,765 | +76.6% |
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 31 October 2026 via checked.be.