SEBAS: 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.
SEBAS
Largest movements
- Receivables within one year +€5,099
up €5,099 (+62.7%), from €8,129 to €13,229
of which Other amounts receivable: +€2,885
- Cash -€2,978
down €2,978 (-50.2%), from €5,929 to €2,950
mainly Other debts (-€6,000) and Receivables within one year (-€5,099)
- Deferred charges and accrued income -€619
down €619 (-100.0%), from €619 to €0
- Tangible fixed assets -€192
down €192 (-22.9%), from €837 to €645
- Profit (loss) carried forward +€6,056
up €6,056 (+1376.2%), from €440 to €6,496
- Other debts -€6,000
down €6,000 (-100.0%), from €6,000 to €0
- Trade debts +€1,254
up €1,254 (+186.0%), from €674 to €1,928
- Gross operating margin +€845
up €845 (+10.1%), from €8,365 to €9,210
- Other operating charges +€801
up €801 (+251.9%), from €318 to €1,119
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 | €15,514 | €16,824 | +€1,310 | +8.4% |
| Fixed assets | 21/28 | €837 | €645 | -€192 | -22.9% |
| Tangible fixed assets | 22/27 | €837 | €645 | -€192 | -22.9% |
| Furniture and vehicles | 24 | €837 | €645 | -€192 | -22.9% |
| Current assets | 29/58 | €14,677 | €16,179 | +€1,501 | +10.2% |
| Amounts receivable within one year | 40/41 | €8,129 | €13,229 | +€5,099 | +62.7% |
| Trade receivables | 40 | €0 | €2,214 | +€2,214 | |
| Other amounts receivable | 41 | €8,129 | €11,014 | +€2,885 | +35.5% |
| Cash at bank and in hand | 54/58 | €5,929 | €2,950 | -€2,978 | -50.2% |
| Deferred charges and accrued income | 490/1 | €619 | €0 | -€619 | -100.0% |
| Total equity and liabilities | 10/49 | €15,514 | €16,824 | +€1,310 | +8.4% |
| Equity | 10/15 | €6,640 | €12,696 | +€6,056 | +91.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €440 | €6,496 | +€6,056 | +1376.2% |
| Amounts payable | 17/49 | €8,874 | €4,128 | -€4,746 | -53.5% |
| Amounts payable within one year | 42/48 | €8,874 | €4,128 | -€4,746 | -53.5% |
| Trade debts | 44 | €674 | €1,928 | +€1,254 | +186.0% |
| Suppliers | 440/4 | €674 | €1,928 | +€1,254 | +186.0% |
| Taxes, remuneration and social security | 45 | €2,200 | €2,200 | = | 0.0% |
| Taxes | 450/3 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €6,000 | €0 | -€6,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198 | €192 | -€7 | -3.3% |
| Other operating charges | 640/8 | €318 | €1,119 | +€801 | +251.9% |
| Gross operating margin | 9900 | €8,365 | €9,210 | +€845 | +10.1% |
| Operating profit (loss) | 9901 | €7,849 | €7,900 | +€51 | +0.6% |
| Financial income | 75/76B | €619 | €615 | -€4 | -0.7% |
| Recurring financial income | 75 | €619 | €615 | -€4 | -0.7% |
| Financial charges | 65/66B | €180 | €221 | +€41 | +22.7% |
| Recurring financial charges | 65 | €180 | €221 | +€41 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €8,288 | €8,293 | +€6 | +0.1% |
| Income taxes | 67/77 | €2,169 | €2,238 | +€69 | +3.2% |
| Profit (loss) for the period | 9904 | €6,119 | €6,056 | -€63 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,119 | €6,056 | -€63 | -1.0% |
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 4 October 2026 via checked.be.