SEBA CONSULT: 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 CONSULT
Largest movements
- Tangible fixed assets -€82,828
down €82,828 (-99.2%), from €83,494 to €666
of which Land and buildings: -€82,147
- Receivables within one year +€67,536
up €67,536 (+649%), from €10,403 to €77,940
of which Other amounts receivable: +€60,087
- Cash +€45,214
up €45,214 (+804%), from €5,622 to €50,837
mainly Net result for the year (+€157,549) and Investment in fixed assets (net) (+€82,147)
- Deferred charges and accrued income -€3,623
down €3,623 (-47.6%), from €7,611 to €3,988
- Other debts -€154,233
down €154,233 (-99.6%), from €154,862 to €629
- Reserves +€86,927
new in 2025: €86,927
- Profit (loss) carried forward +€70,622
up €70,622 (+81.9%), from -€86,268 to -€15,646
- Provisions +€28,976
new in 2025: €28,976
- Trade debts -€11,035
down €11,035 (-56.3%), from €19,594 to €8,559
- Gross operating margin +€209,998
up €209,998 (+149%), from €141,082 to €351,080
- Staff costs +€18,679
up €18,679 (+14.2%), from €131,279 to €149,958
- Depreciation -€6,300
down €6,300 (-90.2%), from €6,982 to €681
- Taxes +€4,109
new in 2025: €4,109
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 | €112,296 | €138,590 | +€26,294 | +23.4% |
| Fixed assets | 21/28 | €87,859 | €5,031 | -€82,828 | -94.3% |
| Tangible fixed assets | 22/27 | €83,494 | €666 | -€82,828 | -99.2% |
| Land and buildings | 22 | €82,147 | - | -€82,147 | |
| Furniture and vehicles | 24 | €1,347 | €666 | -€681 | -50.6% |
| Financial fixed assets | 28 | €4,365 | €4,365 | = | 0.0% |
| Current assets | 29/58 | €24,437 | €133,559 | +€109,122 | +447% |
| Stocks and contracts in progress | 3 | €801 | €795 | -€5 | -0.7% |
| Stocks | 30/36 | €801 | €795 | -€5 | -0.7% |
| Amounts receivable within one year | 40/41 | €10,403 | €77,940 | +€67,536 | +649% |
| Trade receivables | 40 | €9,784 | €17,234 | +€7,450 | +76.1% |
| Other amounts receivable | 41 | €619 | €60,706 | +€60,087 | +9,703% |
| Cash at bank and in hand | 54/58 | €5,622 | €50,837 | +€45,214 | +804% |
| Deferred charges and accrued income | 490/1 | €7,611 | €3,988 | -€3,623 | -47.6% |
| Total equity and liabilities | 10/49 | €112,296 | €138,590 | +€26,294 | +23.4% |
| Equity | 10/15 | -€80,068 | €77,482 | +€157,549 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €86,927 | +€86,927 | |
| Tax-exempt reserves | 132 | - | €86,927 | +€86,927 | |
| Profit (loss) carried forward | 14 | -€86,268 | -€15,646 | +€70,622 | +81.9% |
| Provisions and deferred taxes | 16 | - | €28,976 | +€28,976 | |
| Deferred taxes | 168 | - | €28,976 | +€28,976 | |
| Amounts payable | 17/49 | €192,364 | €32,133 | -€160,231 | -83.3% |
| Amounts payable within one year | 42/48 | €192,364 | €32,133 | -€160,231 | -83.3% |
| Trade debts | 44 | €19,594 | €8,559 | -€11,035 | -56.3% |
| Suppliers | 440/4 | €19,594 | €8,559 | -€11,035 | -56.3% |
| Advances received on contracts in progress | 46 | - | €146 | +€146 | |
| Taxes, remuneration and social security | 45 | €17,907 | €22,799 | +€4,892 | +27.3% |
| Taxes | 450/3 | €2,162 | €11,936 | +€9,775 | +452% |
| Remuneration and social security | 454/9 | €15,745 | €10,862 | -€4,883 | -31.0% |
| Other amounts payable | 47/48 | €154,862 | €629 | -€154,233 | -99.6% |
| Remuneration, social security and pensions | 62 | €131,279 | €149,958 | +€18,679 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,982 | €681 | -€6,300 | -90.2% |
| Other operating charges | 640/8 | €3,928 | €3,749 | -€178 | -4.5% |
| Non-recurring operating charges | 66A | €5,129 | €3,834 | -€1,294 | -25.2% |
| Gross operating margin | 9900 | €141,082 | €351,080 | +€209,998 | +149% |
| Operating profit (loss) | 9901 | -€6,234 | €192,857 | +€199,092 | |
| Financial income | 75/76B | €2 | €1,086 | +€1,084 | +63,391% |
| Recurring financial income | 75 | €2 | €1,086 | +€1,084 | +63,391% |
| Financial charges | 65/66B | €3,329 | €3,310 | -€20 | -0.6% |
| Recurring financial charges | 65 | €3,329 | €3,310 | -€20 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,562 | €190,634 | +€200,196 | |
| Transfer to deferred taxes | 680 | - | €28,976 | +€28,976 | |
| Income taxes | 67/77 | - | €4,109 | +€4,109 | |
| Profit (loss) for the period | 9904 | -€9,562 | €157,549 | +€167,111 | |
| Transfer to tax-exempt reserves | 689 | - | €86,927 | +€86,927 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,562 | €70,622 | +€80,184 |
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 17 October 2026 via checked.be.