Seba Karademir: 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 Karademir
Largest movements
- Cash +€34,170
up €34,170 (+130%), from €26,364 to €60,534
mainly Net result for the year (+€47,974) and Tax, wage and social debts (+€15,469)
- Deferred charges and accrued income +€16,784
new in 2025: €16,784
- Intangible fixed assets +€6,880
new in 2025: €6,880
- Tangible fixed assets +€5,536
new in 2025: €5,536
- Profit (loss) carried forward +€47,974
up €47,974 (+265%), from €18,071 to €66,045
- Tax, wage and social debts +€15,469
up €15,469 (+341%), from €4,543 to €20,012
of which Taxes: +€11,057
- Other debts -€1,472
no longer reported in 2025 (was €1,472)
- Trade debts +€1,399
up €1,399 (+503%), from €278 to €1,677
- Gross operating margin +€51,965
up €51,965 (+227%), from €22,936 to €74,901
- Staff costs +€11,456
new in 2025: €11,456
- Taxes +€8,457
up €8,457 (+186%), from €4,543 to €13,000
- Financial charges +€1,448
new in 2025: €1,448
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 | €26,364 | €89,734 | +€63,370 | +240% |
| Fixed assets | 21/28 | - | €12,416 | +€12,416 | |
| Intangible fixed assets | 21 | - | €6,880 | +€6,880 | |
| Tangible fixed assets | 22/27 | - | €5,536 | +€5,536 | |
| Furniture and vehicles | 24 | - | €5,536 | +€5,536 | |
| Current assets | 29/58 | €26,364 | €77,318 | +€50,955 | +193% |
| Cash at bank and in hand | 54/58 | €26,364 | €60,534 | +€34,170 | +130% |
| Deferred charges and accrued income | 490/1 | - | €16,784 | +€16,784 | |
| Total equity and liabilities | 10/49 | €26,364 | €89,734 | +€63,370 | +240% |
| Equity | 10/15 | €20,071 | €68,045 | +€47,974 | +239% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,071 | €66,045 | +€47,974 | +265% |
| Amounts payable | 17/49 | €6,293 | €21,689 | +€15,396 | +245% |
| Amounts payable within one year | 42/48 | €6,293 | €21,689 | +€15,396 | +245% |
| Trade debts | 44 | €278 | €1,677 | +€1,399 | +503% |
| Suppliers | 440/4 | €278 | €1,677 | +€1,399 | +503% |
| Taxes, remuneration and social security | 45 | €4,543 | €20,012 | +€15,469 | +341% |
| Taxes | 450/3 | €4,543 | €15,600 | +€11,057 | +243% |
| Remuneration and social security | 454/9 | - | €4,412 | +€4,412 | |
| Other amounts payable | 47/48 | €1,472 | - | -€1,472 | |
| Remuneration, social security and pensions | 62 | - | €11,456 | +€11,456 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €627 | +€627 | |
| Other operating charges | 640/8 | €322 | €396 | +€74 | +23.1% |
| Gross operating margin | 9900 | €22,936 | €74,901 | +€51,965 | +227% |
| Operating profit (loss) | 9901 | €22,614 | €62,421 | +€39,808 | +176% |
| Financial charges | 65/66B | - | €1,448 | +€1,448 | |
| Recurring financial charges | 65 | - | €1,448 | +€1,448 | |
| Profit (loss) for the period before taxes | 9903 | €22,614 | €60,973 | +€38,360 | +170% |
| Income taxes | 67/77 | €4,543 | €13,000 | +€8,457 | +186% |
| Profit (loss) for the period | 9904 | €18,071 | €47,974 | +€29,903 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €18,071 | €47,974 | +€29,903 | +165% |
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 28 October 2026 via checked.be.