SEBAJO: what changed
SEBAJO
Largest movements
- Tangible fixed assets -€6,287
down €6,287 (-30.5%), from €20,646 to €14,359
of which Other tangible fixed assets: -€5,806
- Other debts +€10,438
up €10,438 (+68.1%), from €15,316 to €25,754
- Profit (loss) carried forward -€9,240
down €9,240 (-38.4%), from -€24,070 to -€33,310
- Debts after one year -€6,648
down €6,648 (-65.5%), from €10,156 to €3,508
- Tax, wage and social debts -€1,863
down €1,863 (-91.9%), from €2,027 to €164
- Current portion of long-term debt +€461
up €461 (+7.4%), from €6,187 to €6,648
- Gross operating margin +€2,622
up €2,622 (+62.0%), from -€4,228 to -€1,606
- Financial charges -€512
down €512 (-31.9%), from €1,607 to €1,095
- Other operating charges -€170
no longer reported in 2025 (was €170)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,905 | €15,446 | -€6,459 | -29.5% |
| Fixed assets | 21/28 | €21,059 | €14,601 | -€6,458 | -30.7% |
| Intangible fixed assets | 21 | €413 | €242 | -€171 | -41.4% |
| Tangible fixed assets | 22/27 | €20,646 | €14,359 | -€6,287 | -30.5% |
| Furniture and vehicles | 24 | €1,293 | €812 | -€481 | -37.2% |
| Other tangible fixed assets | 26 | €19,353 | €13,547 | -€5,806 | -30.0% |
| Current assets | 29/58 | €846 | €845 | -€1 | -0.2% |
| Amounts receivable within one year | 40/41 | €782 | €782 | = | 0.0% |
| Other amounts receivable | 41 | €782 | €782 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €64 | €62 | -€1 | -2.3% |
| Total equity and liabilities | 10/49 | €21,905 | €15,446 | -€6,459 | -29.5% |
| Equity | 10/15 | -€11,782 | -€21,022 | -€9,240 | -78.4% |
| Contributions | 10/11 | €12,288 | €12,288 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,070 | -€33,310 | -€9,240 | -38.4% |
| Amounts payable | 17/49 | €33,687 | €36,468 | +€2,781 | +8.3% |
| Amounts payable after more than one year | 17 | €10,156 | €3,508 | -€6,648 | -65.5% |
| Financial debts | 170/4 | €10,156 | €3,508 | -€6,648 | -65.5% |
| Amounts payable within one year | 42/48 | €23,531 | €32,960 | +€9,429 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | €6,187 | €6,648 | +€461 | +7.4% |
| Trade debts | 44 | - | €393 | +€393 | |
| Suppliers | 440/4 | - | €393 | +€393 | |
| Taxes, remuneration and social security | 45 | €2,027 | €164 | -€1,863 | -91.9% |
| Taxes | 450/3 | €2,027 | €164 | -€1,863 | -91.9% |
| Other amounts payable | 47/48 | €15,316 | €25,754 | +€10,438 | +68.1% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,458 | €6,458 | -€0 | 0.0% |
| Other operating charges | 640/8 | €170 | - | -€170 | |
| Gross operating margin | 9900 | -€4,228 | -€1,606 | +€2,622 | +62.0% |
| Operating profit (loss) | 9901 | -€10,855 | -€8,064 | +€2,791 | +25.7% |
| Financial charges | 65/66B | €1,607 | €1,095 | -€512 | -31.9% |
| Recurring financial charges | 65 | €1,607 | €1,095 | -€512 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,463 | -€9,159 | +€3,304 | +26.5% |
| Income taxes | 67/77 | €83 | €81 | -€2 | -2.1% |
| Profit (loss) for the period | 9904 | -€12,545 | -€9,240 | +€3,305 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,545 | -€9,240 | +€3,305 | +26.3% |
Next steps
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 2 November 2026 via checked.be.