SEBABA: what changed
What changed
SEBABA
filed annual accounts (NBB)
Net result for the year
€438,647
2024 · €497,516-€58,870
Equity
€4.0m
2024 · €3.5m+€438,647
Cash
€370,420
2024 · €234,804+€135,616
Balance sheet total
€6.1m
2024 · €5.7m+€418,875
Largest movements
Assets
- Current investments +€500,000
up €500,000 (+100%), from €500,000 to €1.0m
- Tangible fixed assets -€182,520
down €182,520 (-4.6%), from €4.0m to €3.8m
- Cash +€135,616
up €135,616 (+57.8%), from €234,804 to €370,420
mainly Net result for the year (+€438,647) and Depreciation (+€224,615)
Equity and liabilities
- Reserves +€438,647
up €438,647 (+18.0%), from €2.4m to €2.9m
of which Distributable reserves: +€438,647
Income statement
- Provisions +€75,000
no longer reported in 2025 (was -€75,000)
- Financial charges -€25,541
down €25,541 (-32.6%), from €78,363 to €52,822
- Financial income -€13,075
down €13,075 (-46.4%), from €28,156 to €15,081
Change in the result, 2024 to 2025
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 2024
€497,516
Gross operating margin
+€5,408
Depreciation
+€3,848
Provisions
-€75,000
Other operating charges
-€716
Financial income
-€13,075
Financial charges
+€25,541
Taxes
-€4,877
Result 2025
€438,647
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€641,424
Investment
-€505,808
Financing
€0
Cash 2024
€234,804
From operations (derived)
+€641,424
Net result for the year
+€438,647
Depreciation
+€224,615
Smaller working-capital items
-€2,066
Trade debts
+€1,695
Accrued charges and deferred income
-€21,467
Investment (derived)
-€505,808
Investment in fixed assets (net)
-€5,808
Current investments
-€500,000
Cash 2025
€370,420
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,707,755 | €6,126,630 | +€418,875 | +7.3% |
| Fixed assets | 21/28 | €4,968,014 | €4,749,206 | -€218,807 | -4.4% |
| Intangible fixed assets | 21 | €970,775 | €934,489 | -€36,287 | -3.7% |
| Tangible fixed assets | 22/27 | €3,997,238 | €3,814,718 | -€182,520 | -4.6% |
| Land and buildings | 22 | €3,997,238 | €3,814,718 | -€182,520 | -4.6% |
| Current assets | 29/58 | €739,741 | €1,377,423 | +€637,682 | +86.2% |
| Amounts receivable within one year | 40/41 | - | €1,213 | +€1,213 | |
| Other amounts receivable | 41 | - | €1,213 | +€1,213 | |
| Current investments | 50/53 | €500,000 | €1,000,000 | +€500,000 | +100% |
| Cash at bank and in hand | 54/58 | €234,804 | €370,420 | +€135,616 | +57.8% |
| Deferred charges and accrued income | 490/1 | €4,937 | €5,790 | +€853 | +17.3% |
| Total equity and liabilities | 10/49 | €5,707,755 | €6,126,630 | +€418,875 | +7.3% |
| Equity | 10/15 | €3,516,936 | €3,955,582 | +€438,647 | +12.5% |
| Contributions | 10/11 | €1,086,000 | €1,086,000 | = | 0.0% |
| Capital | 10 | €1,086,000 | €1,086,000 | = | 0.0% |
| Issued capital | 100 | €1,086,000 | €1,086,000 | = | 0.0% |
| Reserves | 13 | €2,430,936 | €2,869,582 | +€438,647 | +18.0% |
| Non-distributable reserves | 130/1 | €108,600 | €108,600 | = | 0.0% |
| Legal reserve | 130 | €108,600 | €108,600 | = | 0.0% |
| Distributable reserves | 133 | €2,322,336 | €2,760,982 | +€438,647 | +18.9% |
| Amounts payable | 17/49 | €2,190,819 | €2,171,047 | -€19,772 | -0.9% |
| Amounts payable after more than one year | 17 | €1,981,058 | €1,981,058 | = | 0.0% |
| Financial debts | 170/4 | €1,981,058 | €1,981,058 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,607 | €7,302 | +€1,695 | +30.2% |
| Trade debts | 44 | €1,119 | €2,814 | +€1,695 | +151% |
| Suppliers | 440/4 | €1,119 | €2,814 | +€1,695 | +151% |
| Taxes, remuneration and social security | 45 | €4,488 | €4,488 | = | 0.0% |
| Taxes | 450/3 | €4,488 | €4,488 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €204,154 | €182,687 | -€21,467 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,463 | €224,615 | -€3,848 | -1.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€75,000 | - | +€75,000 | |
| Other operating charges | 640/8 | €42,287 | €43,003 | +€716 | +1.7% |
| Gross operating margin | 9900 | €896,908 | €902,317 | +€5,408 | +0.6% |
| Operating profit (loss) | 9901 | €701,158 | €634,698 | -€66,459 | -9.5% |
| Financial income | 75/76B | €28,156 | €15,081 | -€13,075 | -46.4% |
| Recurring financial income | 75 | €28,156 | €15,081 | -€13,075 | -46.4% |
| Financial charges | 65/66B | €78,363 | €52,822 | -€25,541 | -32.6% |
| Recurring financial charges | 65 | €78,363 | €52,822 | -€25,541 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €650,951 | €596,958 | -€53,993 | -8.3% |
| Income taxes | 67/77 | €153,435 | €158,311 | +€4,877 | +3.2% |
| Profit (loss) for the period | 9904 | €497,516 | €438,647 | -€58,870 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €497,516 | €438,647 | -€58,870 | -11.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.