SEBAELEC: what changed
Two fiscal 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.
SEBAELEC
Largest movements
- Receivables within one year -€79,533
down €79,533 (-47.8%), from €166,428 to €86,894
of which Trade receivables: -€83,134
- Tangible fixed assets -€5,703
down €5,703 (-43.5%), from €13,111 to €7,408
of which Furniture and vehicles: -€5,113
- Deferred charges and accrued income +€4,477
up €4,477 (+374.2%), from €1,196 to €5,674
- Stocks and contracts +€4,287
up €4,287 (+14.9%), from €28,689 to €32,976
- Trade debts -€70,550
down €70,550 (-49.7%), from €141,984 to €71,434
- Tax, wage and social debts -€16,059
down €16,059 (-58.6%), from €27,390 to €11,331
of which Remuneration and social security: -€14,198
- Other debts +€14,489
new in 2024: €14,489
- Debts after one year -€4,195
down €4,195 (-85.5%), from €4,907 to €711
- Profit (loss) carried forward -€4,174
down €4,174 (-28.6%), from -€14,612 to -€18,786
- Gross operating margin +€93,663
up €93,663 (+108.5%), from €86,293 to €179,956
- Turnover +€92,212
up €92,212 (+22.7%), from €406,153 to €498,365
- Other operating charges +€16,790
up €16,790 (+521.2%), from €3,222 to €20,012
- Staff costs +€9,191
up €9,191 (+6.6%), from €139,899 to €149,090
From the 2023 result to the 2024 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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,765 | €135,293 | -€76,472 | -36.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €15,451 | €9,748 | -€5,703 | -36.9% |
| Tangible fixed assets | 22/27 | €13,111 | €7,408 | -€5,703 | -43.5% |
| Plant, machinery and equipment | 23 | €2,525 | €1,935 | -€590 | -23.4% |
| Furniture and vehicles | 24 | €10,587 | €5,474 | -€5,113 | -48.3% |
| Financial fixed assets | 28 | €2,340 | €2,340 | = | 0.0% |
| Current assets | 29/58 | €196,313 | €125,544 | -€70,769 | -36.0% |
| Stocks and contracts in progress | 3 | €28,689 | €32,976 | +€4,287 | +14.9% |
| Stocks | 30/36 | €28,689 | €32,976 | +€4,287 | +14.9% |
| Amounts receivable within one year | 40/41 | €166,428 | €86,894 | -€79,533 | -47.8% |
| Trade receivables | 40 | €103,735 | €20,601 | -€83,134 | -80.1% |
| Other amounts receivable | 41 | €62,692 | €66,293 | +€3,601 | +5.7% |
| Deferred charges and accrued income | 490/1 | €1,196 | €5,674 | +€4,477 | +374.2% |
| Total equity and liabilities | 10/49 | €211,765 | €135,293 | -€76,472 | -36.1% |
| Equity | 10/15 | €5,848 | €1,674 | -€4,174 | -71.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,612 | -€18,786 | -€4,174 | -28.6% |
| Amounts payable | 17/49 | €205,917 | €133,619 | -€72,298 | -35.1% |
| Amounts payable after more than one year | 17 | €4,907 | €711 | -€4,195 | -85.5% |
| Financial debts | 170/4 | €4,907 | €711 | -€4,195 | -85.5% |
| Amounts payable within one year | 42/48 | €200,752 | €132,392 | -€68,361 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €4,074 | €4,195 | +€122 | +3.0% |
| Financial debts | 43 | €27,305 | €30,943 | +€3,638 | +13.3% |
| Credit institutions | 430/8 | €27,305 | €30,943 | +€3,638 | +13.3% |
| Trade debts | 44 | €141,984 | €71,434 | -€70,550 | -49.7% |
| Suppliers | 440/4 | €141,984 | €71,434 | -€70,550 | -49.7% |
| Taxes, remuneration and social security | 45 | €27,390 | €11,331 | -€16,059 | -58.6% |
| Taxes | 450/3 | €1,861 | - | -€1,861 | |
| Remuneration and social security | 454/9 | €25,529 | €11,331 | -€14,198 | -55.6% |
| Other amounts payable | 47/48 | - | €14,489 | +€14,489 | |
| Accrued charges and deferred income | 492/3 | €258 | €516 | +€258 | +100.0% |
| Turnover | 70 | €406,153 | €498,365 | +€92,212 | +22.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €346,158 | €345,148 | -€1,010 | -0.3% |
| Remuneration, social security and pensions | 62 | €139,899 | €149,090 | +€9,191 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,582 | €5,703 | +€121 | +2.2% |
| Other operating charges | 640/8 | €3,222 | €20,012 | +€16,790 | +521.2% |
| Gross operating margin | 9900 | €86,293 | €179,956 | +€93,663 | +108.5% |
| Operating profit (loss) | 9901 | -€62,410 | €5,151 | +€67,561 | |
| Financial income | 75/76B | €1,028 | €1,370 | +€343 | +33.3% |
| Recurring financial income | 75 | €1,028 | €1,370 | +€343 | +33.3% |
| Financial charges | 65/66B | €2,630 | €6,003 | +€3,373 | +128.3% |
| Recurring financial charges | 65 | €2,630 | €6,003 | +€3,373 | +128.3% |
| Profit (loss) for the period before taxes | 9903 | -€64,012 | €518 | +€64,531 | |
| Income taxes | 67/77 | -€163 | €4,692 | +€4,855 | |
| Profit (loss) for the period | 9904 | -€63,849 | -€4,174 | +€59,675 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,849 | -€4,174 | +€59,675 | +93.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.