SEBA BOUW: 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.
SEBA BOUW
Largest movements
- Receivables after one year -€27,014
down €27,014 (-38.6%), from €70,000 to €42,987
- Tangible fixed assets +€20,564
up €20,564 (+529%), from €3,890 to €24,454
of which Furniture and vehicles: +€21,773
- Receivables within one year -€16,018
down €16,018 (-42.6%), from €37,607 to €21,588
of which Trade receivables: -€16,018
- Cash -€8,234
down €8,234 (-47.6%), from €17,294 to €9,061
mainly Investment in fixed assets (net) (-€25,599) and Trade debts (-€19,575)
- Trade debts -€19,575
down €19,575 (-60.7%), from €32,240 to €12,665
- Reserves -€5,777
down €5,777 (-9.9%), from €58,530 to €52,753
of which Distributable reserves: -€5,777
- Other debts -€3,600
down €3,600 (-91.1%), from €3,953 to €353
- Gross operating margin +€18,705
up €18,705 (+58.5%), from €31,980 to €50,685
- Staff costs +€4,751
up €4,751 (+12.2%), from €38,880 to €43,631
- Other operating charges +€4,720
up €4,720 (+161%), from €2,932 to €7,651
- Depreciation +€3,283
up €3,283 (+187%), from €1,752 to €5,035
- Financial income +€1,975
up €1,975 (+195%), from €1,012 to €2,988
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,944 | €99,881 | -€30,063 | -23.1% |
| Fixed assets | 21/28 | €3,890 | €24,454 | +€20,564 | +529% |
| Tangible fixed assets | 22/27 | €3,890 | €24,454 | +€20,564 | +529% |
| Plant, machinery and equipment | 23 | €3,515 | €2,306 | -€1,209 | -34.4% |
| Furniture and vehicles | 24 | €375 | €22,148 | +€21,773 | +5,803% |
| Current assets | 29/58 | €126,054 | €75,426 | -€50,628 | -40.2% |
| Amounts receivable after more than one year | 29 | €70,000 | €42,987 | -€27,014 | -38.6% |
| Trade receivables | 290 | €70,000 | €42,987 | -€27,014 | -38.6% |
| Amounts receivable within one year | 40/41 | €37,607 | €21,588 | -€16,018 | -42.6% |
| Trade receivables | 40 | €37,607 | €21,588 | -€16,018 | -42.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €17,294 | €9,061 | -€8,234 | -47.6% |
| Deferred charges and accrued income | 490/1 | €1,153 | €1,791 | +€638 | +55.3% |
| Total equity and liabilities | 10/49 | €129,944 | €99,881 | -€30,063 | -23.1% |
| Equity | 10/15 | €65,223 | €59,446 | -€5,777 | -8.9% |
| Contributions | 10/11 | €6,693 | €6,693 | = | 0.0% |
| Reserves | 13 | €58,530 | €52,753 | -€5,777 | -9.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €56,530 | €50,753 | -€5,777 | -10.2% |
| Amounts payable | 17/49 | €64,721 | €40,434 | -€24,286 | -37.5% |
| Amounts payable within one year | 42/48 | €64,721 | €40,245 | -€24,476 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €610 | €0 | -€610 | -100% |
| Trade debts | 44 | €32,240 | €12,665 | -€19,575 | -60.7% |
| Suppliers | 440/4 | €32,240 | €12,665 | -€19,575 | -60.7% |
| Taxes, remuneration and social security | 45 | €27,918 | €27,226 | -€692 | -2.5% |
| Taxes | 450/3 | €27,697 | €15,465 | -€12,232 | -44.2% |
| Remuneration and social security | 454/9 | €221 | €11,761 | +€11,540 | +5,223% |
| Other amounts payable | 47/48 | €3,953 | €353 | -€3,600 | -91.1% |
| Accrued charges and deferred income | 492/3 | - | €190 | +€190 | |
| Non-recurring operating income | 76A | - | €17,304 | +€17,304 | |
| Remuneration, social security and pensions | 62 | €38,880 | €43,631 | +€4,751 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,752 | €5,035 | +€3,283 | +187% |
| Other operating charges | 640/8 | €2,932 | €7,651 | +€4,720 | +161% |
| Gross operating margin | 9900 | €31,980 | €50,685 | +€18,705 | +58.5% |
| Operating profit (loss) | 9901 | -€11,584 | -€5,632 | +€5,952 | +51.4% |
| Financial income | 75/76B | €1,012 | €2,988 | +€1,975 | +195% |
| Recurring financial income | 75 | €1,012 | €2,988 | +€1,975 | +195% |
| Financial charges | 65/66B | €1,220 | €2,462 | +€1,242 | +102% |
| Recurring financial charges | 65 | €1,220 | €2,462 | +€1,242 | +102% |
| Profit (loss) for the period before taxes | 9903 | -€11,792 | -€5,106 | +€6,685 | +56.7% |
| Income taxes | 67/77 | €668 | €671 | +€2 | +0.4% |
| Profit (loss) for the period | 9904 | -€12,460 | -€5,777 | +€6,683 | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,460 | -€5,777 | +€6,683 | +53.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.