SEBANA: 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.
SEBANA
Largest movements
- Receivables within one year +€40,533
up €40,533 (+3.2%), from €1.3m to €1.3m
of which Other amounts receivable: +€264,031
- Financial fixed assets -€27,401
down €27,401 (-6.3%), from €435,002 to €407,601
- Other debts +€40,743
up €40,743 (+3.7%), from €1.1m to €1.1m
- Profit (loss) carried forward -€31,457
down €31,457 (-6.5%), from -€480,428 to -€511,885
- Tax, wage and social debts -€17,594
down €17,594 (-73.6%), from €23,911 to €6,317
- Gross operating margin -€624,545
down €624,545, from €600,068 to -€24,477
- Financial charges -€160,603
down €160,603 (-76.0%), from €211,303 to €50,700
of which Non-recurring financial charges: -€109,941
- Write-downs -€32,510
down €32,510 (-100.0%), from €32,510 to €0
- Other operating charges -€9,829
down €9,829 (-87.8%), from €11,201 to €1,372
- Financial income +€6,883
up €6,883 (+17.7%), from €38,810 to €45,693
of which Financial income: +€8,260
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 | €1,726,206 | €1,732,650 | +€6,444 | +0.4% |
| Fixed assets | 21/28 | €435,002 | €407,601 | -€27,401 | -6.3% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €435,002 | €407,601 | -€27,401 | -6.3% |
| Current assets | 29/58 | €1,291,204 | €1,325,049 | +€33,844 | +2.6% |
| Amounts receivable within one year | 40/41 | €1,283,285 | €1,323,818 | +€40,533 | +3.2% |
| Trade receivables | 40 | €629,427 | €405,928 | -€223,498 | -35.5% |
| Other amounts receivable | 41 | €653,858 | €917,889 | +€264,031 | +40.4% |
| Cash at bank and in hand | 54/58 | €7,004 | €278 | -€6,726 | -96.0% |
| Deferred charges and accrued income | 490/1 | €916 | €953 | +€37 | +4.1% |
| Total equity and liabilities | 10/49 | €1,726,206 | €1,732,650 | +€6,444 | +0.4% |
| Equity | 10/15 | €583,782 | €552,325 | -€31,457 | -5.4% |
| Contributions | 10/11 | €1,062,350 | €1,062,350 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€480,428 | -€511,885 | -€31,457 | -6.5% |
| Amounts payable | 17/49 | €1,142,424 | €1,180,325 | +€37,901 | +3.3% |
| Amounts payable within one year | 42/48 | €1,141,335 | €1,180,325 | +€38,989 | +3.4% |
| Trade debts | 44 | €12,643 | €28,484 | +€15,841 | +125.3% |
| Suppliers | 440/4 | €12,643 | €28,484 | +€15,841 | +125.3% |
| Taxes, remuneration and social security | 45 | €23,911 | €6,317 | -€17,594 | -73.6% |
| Taxes | 450/3 | €23,911 | €6,317 | -€17,594 | -73.6% |
| Other amounts payable | 47/48 | €1,104,782 | €1,145,524 | +€40,743 | +3.7% |
| Accrued charges and deferred income | 492/3 | €1,089 | €0 | -€1,089 | -100.0% |
| Non-recurring operating income | 76A | €205 | €0 | -€205 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,510 | €0 | -€32,510 | -100.0% |
| Other operating charges | 640/8 | €11,201 | €1,372 | -€9,829 | -87.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €600,068 | -€24,477 | -€624,545 | |
| Operating profit (loss) | 9901 | €556,357 | -€25,849 | -€582,205 | |
| Financial income | 75/76B | €38,810 | €45,693 | +€6,883 | +17.7% |
| Recurring financial income | 75 | €37,433 | €45,693 | +€8,260 | +22.1% |
| Non-recurring financial income | 76B | €1,377 | €0 | -€1,377 | -100.0% |
| Financial charges | 65/66B | €211,303 | €50,700 | -€160,603 | -76.0% |
| Recurring financial charges | 65 | €73,961 | €23,299 | -€50,662 | -68.5% |
| Non-recurring financial charges | 66B | €137,342 | €27,401 | -€109,941 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €383,864 | -€30,855 | -€414,719 | |
| Income taxes | 67/77 | €599 | €602 | +€3 | +0.5% |
| Profit (loss) for the period | 9904 | €383,265 | -€31,457 | -€414,722 | |
| Profit (loss) for the period to be appropriated | 9905 | €383,265 | -€31,457 | -€414,722 |
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 10 October 2026 via checked.be.