SEBAHO: 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.
SEBAHO
Largest movements
- Cash +€73,574
up €73,574 (+148.5%), from €49,552 to €123,125
mainly Net result for the year (+€169,082) and Other debts (+€70,723)
- Tangible fixed assets -€70,311
down €70,311 (-4.6%), from €1.5m to €1.5m
- Debts after one year -€97,582
down €97,582 (-7.2%), from €1.3m to €1.3m
- Other debts +€70,723
up €70,723 (+58.5%), from €120,802 to €191,525
- Profit (loss) carried forward +€19,082
up €19,082 (+396.0%), from €4,819 to €23,901
- Gross operating margin +€120,723
up €120,723 (+61.6%), from €195,909 to €316,632
- Taxes +€30,438
up €30,438 (+155.0%), from €19,637 to €50,075
- Depreciation -€8,187
down €8,187 (-10.4%), from €78,498 to €70,311
- Financial income -€3,461
down €3,461 (-100.0%), from €3,461 to €0
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.
Cash bridge derived
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 | €1,600,020 | €1,597,005 | -€3,015 | -0.2% |
| Fixed assets | 21/28 | €1,536,081 | €1,465,770 | -€70,311 | -4.6% |
| Tangible fixed assets | 22/27 | €1,536,081 | €1,465,770 | -€70,311 | -4.6% |
| Land and buildings | 22 | €1,536,081 | €1,465,770 | -€70,311 | -4.6% |
| Current assets | 29/58 | €63,939 | €131,235 | +€67,296 | +105.3% |
| Amounts receivable within one year | 40/41 | €14,387 | €8,110 | -€6,277 | -43.6% |
| Trade receivables | 40 | €11,728 | €6,708 | -€5,020 | -42.8% |
| Other amounts receivable | 41 | €2,659 | €1,402 | -€1,258 | -47.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €49,552 | €123,125 | +€73,574 | +148.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,600,020 | €1,597,005 | -€3,015 | -0.2% |
| Equity | 10/15 | €24,819 | €43,901 | +€19,082 | +76.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,819 | €23,901 | +€19,082 | +396.0% |
| Amounts payable | 17/49 | €1,575,201 | €1,553,104 | -€22,097 | -1.4% |
| Amounts payable after more than one year | 17 | €1,347,679 | €1,250,097 | -€97,582 | -7.2% |
| Financial debts | 170/4 | €1,347,679 | €1,250,097 | -€97,582 | -7.2% |
| Amounts payable within one year | 42/48 | €227,521 | €303,007 | +€75,486 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €97,582 | €97,582 | = | 0.0% |
| Trade debts | 44 | €1,548 | €293 | -€1,256 | -81.1% |
| Suppliers | 440/4 | €1,548 | €293 | -€1,256 | -81.1% |
| Taxes, remuneration and social security | 45 | €7,589 | €13,607 | +€6,018 | +79.3% |
| Taxes | 450/3 | €7,589 | €13,607 | +€6,018 | +79.3% |
| Other amounts payable | 47/48 | €120,802 | €191,525 | +€70,723 | +58.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,498 | €70,311 | -€8,187 | -10.4% |
| Other operating charges | 640/8 | €5,854 | €6,493 | +€639 | +10.9% |
| Gross operating margin | 9900 | €195,909 | €316,632 | +€120,723 | +61.6% |
| Operating profit (loss) | 9901 | €111,557 | €239,828 | +€128,271 | +115.0% |
| Financial income | 75/76B | €3,461 | €0 | -€3,461 | -100.0% |
| Recurring financial income | 75 | €3,461 | €0 | -€3,461 | -100.0% |
| Financial charges | 65/66B | €22,549 | €20,672 | -€1,877 | -8.3% |
| Recurring financial charges | 65 | €22,549 | €20,672 | -€1,877 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €92,470 | €219,157 | +€126,687 | +137.0% |
| Income taxes | 67/77 | €19,637 | €50,075 | +€30,438 | +155.0% |
| Profit (loss) for the period | 9904 | €72,833 | €169,082 | +€96,249 | +132.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,833 | €169,082 | +€96,249 | +132.1% |
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 9 October 2026 via checked.be.