SEBA & TOIT: 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 & TOIT
Largest movements
- Tangible fixed assets +€36,880
up €36,880 (+192%), from €19,218 to €56,097
of which Furniture and vehicles: +€30,787
- Cash +€36,543
up €36,543 (+200%), from €18,244 to €54,787
mainly Net result for the year (+€39,454) and Debts after one year (+€18,531)
- Receivables within one year +€13,196
up €13,196 (+56.4%), from €23,403 to €36,599
of which Trade receivables: +€12,781
- Profit (loss) carried forward +€39,454
up €39,454 (+294%), from €13,424 to €52,877
- Debts after one year +€18,531
up €18,531 (+373%), from €4,969 to €23,500
- Trade debts +€13,798
up €13,798 (+62.0%), from €22,271 to €36,069
- Tax, wage and social debts +€8,533
up €8,533 (+122%), from €6,993 to €15,526
of which Remuneration and social security: +€7,687
- Current portion of long-term debt +€3,802
up €3,802 (+53.2%), from €7,141 to €10,943
- Gross operating margin +€60,569
up €60,569 (+1,100%), from €5,507 to €66,077
- Taxes +€7,782
new in 2025: €7,782
- Depreciation +€5,443
up €5,443 (+96.8%), from €5,621 to €11,064
- Staff costs +€2,330
up €2,330 (+74.8%), from €3,113 to €5,442
- Financial charges +€784
up €784 (+70.8%), from €1,107 to €1,891
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 | €60,865 | €147,484 | +€86,619 | +142% |
| Fixed assets | 21/28 | €19,218 | €56,097 | +€36,880 | +192% |
| Tangible fixed assets | 22/27 | €19,218 | €56,097 | +€36,880 | +192% |
| Plant, machinery and equipment | 23 | €366 | €6,460 | +€6,093 | +1,663% |
| Furniture and vehicles | 24 | €18,851 | €49,638 | +€30,787 | +163% |
| Current assets | 29/58 | €41,647 | €91,386 | +€49,739 | +119% |
| Amounts receivable within one year | 40/41 | €23,403 | €36,599 | +€13,196 | +56.4% |
| Trade receivables | 40 | €21,444 | €34,224 | +€12,781 | +59.6% |
| Other amounts receivable | 41 | €1,960 | €2,375 | +€415 | +21.2% |
| Cash at bank and in hand | 54/58 | €18,244 | €54,787 | +€36,543 | +200% |
| Total equity and liabilities | 10/49 | €60,865 | €147,484 | +€86,619 | +142% |
| Equity | 10/15 | €15,424 | €54,877 | +€39,454 | +256% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,424 | €52,877 | +€39,454 | +294% |
| Amounts payable | 17/49 | €45,441 | €92,606 | +€47,165 | +104% |
| Amounts payable after more than one year | 17 | €4,969 | €23,500 | +€18,531 | +373% |
| Financial debts | 170/4 | €4,969 | €23,500 | +€18,531 | +373% |
| Amounts payable within one year | 42/48 | €40,472 | €69,106 | +€28,634 | +70.8% |
| Current portion of amounts payable after more than one year | 42 | €7,141 | €10,943 | +€3,802 | +53.2% |
| Trade debts | 44 | €22,271 | €36,069 | +€13,798 | +62.0% |
| Suppliers | 440/4 | €22,271 | €36,069 | +€13,798 | +62.0% |
| Taxes, remuneration and social security | 45 | €6,993 | €15,526 | +€8,533 | +122% |
| Taxes | 450/3 | €6,993 | €7,839 | +€846 | +12.1% |
| Remuneration and social security | 454/9 | - | €7,687 | +€7,687 | |
| Other amounts payable | 47/48 | €4,066 | €6,568 | +€2,501 | +61.5% |
| Remuneration, social security and pensions | 62 | €3,113 | €5,442 | +€2,330 | +74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,621 | €11,064 | +€5,443 | +96.8% |
| Other operating charges | 640/8 | €172 | €444 | +€272 | +158% |
| Gross operating margin | 9900 | €5,507 | €66,077 | +€60,569 | +1,100% |
| Operating profit (loss) | 9901 | -€3,399 | €49,126 | +€52,525 | |
| Financial income | 75/76B | €82 | €1 | -€82 | -99.4% |
| Recurring financial income | 75 | €82 | €1 | -€82 | -99.4% |
| Financial charges | 65/66B | €1,107 | €1,891 | +€784 | +70.8% |
| Recurring financial charges | 65 | €1,107 | €1,891 | +€784 | +70.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,424 | €47,236 | +€51,660 | |
| Income taxes | 67/77 | - | €7,782 | +€7,782 | |
| Profit (loss) for the period | 9904 | -€4,424 | €39,454 | +€43,878 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,424 | €39,454 | +€43,878 |
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 14 October 2026 via checked.be.