SEBALEC: 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.
SEBALEC
Largest movements
- Cash +€504
up €504 (+42.8%), from €1,177 to €1,681
mainly Net result for the year (+€567) and Trade debts (+€7)
- Receivables within one year +€70
up €70 (+53.3%), from €131 to €200
- Profit (loss) carried forward +€567
up €567 (+72.2%), from -€785 to -€218
- Gross operating margin +€1,359
up €1,359, from -€751 to €607
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 | €1,308 | €1,881 | +€573 | +43.8% |
| Current assets | 29/58 | €1,308 | €1,881 | +€573 | +43.8% |
| Amounts receivable within one year | 40/41 | €131 | €200 | +€70 | +53.3% |
| Other amounts receivable | 41 | €131 | €200 | +€70 | +53.3% |
| Cash at bank and in hand | 54/58 | €1,177 | €1,681 | +€504 | +42.8% |
| Total equity and liabilities | 10/49 | €1,308 | €1,881 | +€573 | +43.8% |
| Equity | 10/15 | €215 | €782 | +€567 | +263.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€785 | -€218 | +€567 | +72.2% |
| Amounts payable | 17/49 | €1,093 | €1,100 | +€7 | +0.6% |
| Amounts payable within one year | 42/48 | €1,093 | €1,100 | +€7 | +0.6% |
| Trade debts | 44 | €1,093 | €1,100 | +€7 | +0.6% |
| Suppliers | 440/4 | €1,093 | €1,100 | +€7 | +0.6% |
| Non-recurring operating income | 76A | €1,215 | €2,879 | +€1,664 | +137.0% |
| Gross operating margin | 9900 | -€751 | €607 | +€1,359 | |
| Operating profit (loss) | 9901 | -€751 | €607 | +€1,359 | |
| Financial charges | 65/66B | €34 | €40 | +€7 | +19.7% |
| Recurring financial charges | 65 | €34 | €40 | +€7 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | -€785 | €567 | +€1,352 | |
| Profit (loss) for the period | 9904 | -€785 | €567 | +€1,352 | |
| Profit (loss) for the period to be appropriated | 9905 | -€785 | €567 | +€1,352 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.