SEBA SERVICE: what changed
What changed
SEBA SERVICE
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€274,684
2023 · €119,248+€155,436
Equity
€1.7m
2023 · €1.5m+€274,684
Cash
€1.0m
2023 · €213,919+€812,031
Balance sheet total
€3.2m
2023 · €3.4m-€221,709
Largest movements
Assets
- Cash +€812,031
up €812,031 (+380%), from €213,919 to €1.0m
mainly Stocks and contracts (+€585,516) and Receivables within one year (+€282,984)
- Stocks and contracts -€585,516
down €585,516 (-61.4%), from €953,438 to €367,921
- Receivables within one year -€282,984
down €282,984 (-29.5%), from €960,178 to €677,193
of which Trade receivables: -€264,484
- Tangible fixed assets -€140,360
down €140,360 (-11.4%), from €1.2m to €1.1m
of which Land and buildings: -€80,356
Equity and liabilities
- Profit (loss) carried forward +€274,684
new in 2024: €274,684
- Short-term financial debts -€249,998
down €249,998 (-77.0%), from €324,883 to €74,885
- Trade debts -€182,513
down €182,513 (-29.3%), from €623,364 to €440,851
- Debts after one year -€145,924
down €145,924 (-34.9%), from €418,489 to €272,565
- Tax, wage and social debts +€79,549
up €79,549 (+30.1%), from €263,917 to €343,466
of which Taxes: +€110,079
Income statement
- Turnover +€1.5m
up €1.5m (+21.3%), from €7.2m to €8.7m
- Goods and materials +€1.3m
up €1.3m (+23.3%), from €5.5m to €6.7m
of which Purchases: +€777,708
- Staff costs -€97,461
down €97,461 (-10.6%), from €923,176 to €825,716
- Taxes +€95,442
up €95,442 (+3,927%), from €2,431 to €97,873
Change in the result, 2023 to 2024
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 2023
€119,248
Turnover
+€1.5m
Other operating income
-€2,664
Goods and materials
-€1.3m
Services and other goods
-€38,325
Staff costs
+€97,461
Depreciation
-€15,898
Write-downs
-€45,618
Other operating charges
-€2,945
Other operating items
+€100
Financial income
+€23,112
Financial charges
-€27,174
Taxes
-€95,442
Result 2024
€274,684
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.2m
Investment
-€5,090
Financing
-€394,092
Cash 2023
€213,919
From operations (derived)
+€1.2m
Net result for the year
+€274,684
Depreciation
+€145,450
Stocks and contracts
+€585,516
Receivables within one year
+€282,984
Deferred charges and accrued income
+€24,880
Trade debts
-€182,513
Tax, wage and social debts
+€79,549
Accrued charges and deferred income
+€662
Investment (derived)
-€5,090
Investment in fixed assets (net)
-€5,090
Financing
-€394,092
Debts after one year
-€145,924
Current portion of long-term debt
+€1,830
Short-term financial debts
-€249,998
Cash 2024
€1.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,391,833 | €3,170,124 | -€221,709 | -6.5% |
| Fixed assets | 21/28 | €1,228,244 | €1,087,884 | -€140,360 | -11.4% |
| Tangible fixed assets | 22/27 | €1,227,924 | €1,087,565 | -€140,360 | -11.4% |
| Land and buildings | 22 | €1,036,709 | €956,353 | -€80,356 | -7.8% |
| Plant, machinery and equipment | 23 | €26,258 | €21,433 | -€4,825 | -18.4% |
| Furniture and vehicles | 24 | €164,958 | €109,779 | -€55,179 | -33.5% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Other financial fixed assets | 284/8 | €320 | €320 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €2,163,589 | €2,082,240 | -€81,349 | -3.8% |
| Stocks and contracts in progress | 3 | €953,438 | €367,921 | -€585,516 | -61.4% |
| Stocks | 30/36 | €953,438 | €367,921 | -€585,516 | -61.4% |
| Goods purchased for resale | 34 | €953,438 | €367,921 | -€585,516 | -61.4% |
| Amounts receivable within one year | 40/41 | €960,178 | €677,193 | -€282,984 | -29.5% |
| Trade receivables | 40 | €941,678 | €677,193 | -€264,484 | -28.1% |
| Other amounts receivable | 41 | €18,500 | - | -€18,500 | |
| Cash at bank and in hand | 54/58 | €213,919 | €1,025,950 | +€812,031 | +380% |
| Deferred charges and accrued income | 490/1 | €36,055 | €11,175 | -€24,880 | -69.0% |
| Total equity and liabilities | 10/49 | €3,391,833 | €3,170,124 | -€221,709 | -6.5% |
| Equity | 10/15 | €1,461,905 | €1,736,589 | +€274,684 | +18.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,361,905 | €1,361,905 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €1,351,905 | €1,351,905 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €274,684 | +€274,684 | |
| Provisions and deferred taxes | 16 | €5,949 | €5,949 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,949 | €5,949 | = | 0.0% |
| Other liabilities and charges | 164/5 | €5,949 | €5,949 | = | 0.0% |
| Amounts payable | 17/49 | €1,923,979 | €1,427,586 | -€496,393 | -25.8% |
| Amounts payable after more than one year | 17 | €418,489 | €272,565 | -€145,924 | -34.9% |
| Financial debts | 170/4 | €418,489 | €272,565 | -€145,924 | -34.9% |
| Credit institutions | 173 | €418,489 | €272,565 | -€145,924 | -34.9% |
| Amounts payable within one year | 42/48 | €1,356,259 | €1,005,127 | -€351,132 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €144,094 | €145,924 | +€1,830 | +1.3% |
| Financial debts | 43 | €324,883 | €74,885 | -€249,998 | -77.0% |
| Credit institutions | 430/8 | €324,883 | €74,885 | -€249,998 | -77.0% |
| Trade debts | 44 | €623,364 | €440,851 | -€182,513 | -29.3% |
| Suppliers | 440/4 | €623,364 | €440,851 | -€182,513 | -29.3% |
| Taxes, remuneration and social security | 45 | €263,917 | €343,466 | +€79,549 | +30.1% |
| Taxes | 450/3 | €101,208 | €211,286 | +€110,079 | +109% |
| Remuneration and social security | 454/9 | €162,710 | €132,180 | -€30,530 | -18.8% |
| Accrued charges and deferred income | 492/3 | €149,231 | €149,893 | +€662 | +0.4% |
| Operating income | 70/76A | €7,301,531 | €8,829,906 | +€1.5m | +20.9% |
| Turnover | 70 | €7,199,591 | €8,730,529 | +€1.5m | +21.3% |
| Other operating income | 74 | €101,940 | €99,276 | -€2,664 | -2.6% |
| Non-recurring operating income | 76A | - | €100 | +€100 | |
| Operating charges | 60/66A | €7,118,626 | €8,392,060 | +€1.3m | +17.9% |
| Goods for resale, raw materials and consumables | 60 | €5,450,244 | €6,718,353 | +€1.3m | +23.3% |
| Purchases | 600/8 | €5,462,827 | €6,240,535 | +€777,708 | +14.2% |
| Change in stocks: decrease (increase) | 609 | -€12,583 | €477,818 | +€490,401 | |
| Services and other goods | 61 | €540,986 | €579,310 | +€38,325 | +7.1% |
| Remuneration, social security and pensions | 62 | €923,176 | €825,716 | -€97,461 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,552 | €145,450 | +€15,898 | +12.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €57,102 | €102,720 | +€45,618 | +79.9% |
| Other operating charges | 640/8 | €17,566 | €20,511 | +€2,945 | +16.8% |
| Operating profit (loss) | 9901 | €182,906 | €437,846 | +€254,940 | +139% |
| Financial income | 75/76B | €4,616 | €27,728 | +€23,112 | +501% |
| Recurring financial income | 75 | €4,616 | €27,728 | +€23,112 | +501% |
| Income from current assets | 751 | €1,460 | €1,872 | +€412 | +28.2% |
| Other financial income | 752/9 | €3,156 | €25,856 | +€22,701 | +719% |
| Financial charges | 65/66B | €65,842 | €93,016 | +€27,174 | +41.3% |
| Recurring financial charges | 65 | €65,842 | €93,016 | +€27,174 | +41.3% |
| Debt charges | 650 | €40,381 | €25,904 | -€14,477 | -35.9% |
| Other financial charges | 652/9 | €25,461 | €67,113 | +€41,652 | +164% |
| Profit (loss) for the period before taxes | 9903 | €121,679 | €372,557 | +€250,878 | +206% |
| Income taxes | 67/77 | €2,431 | €97,873 | +€95,442 | +3,927% |
| Taxes | 670/3 | €2,431 | €97,873 | +€95,442 | +3,927% |
| Profit (loss) for the period | 9904 | €119,248 | €274,684 | +€155,436 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €119,248 | €274,684 | +€155,436 | +130% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.