SEBAS SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash -€24,334
down €24,334 (-9.5%), from €256,136 to €231,803
mainly Contributions, distributions and other (-€49,911) and Receivables within one year (-€10,910)
- Receivables within one year +€10,910
up €10,910 (+81.2%), from €13,442 to €24,351
of which Trade receivables: +€11,616
- Tangible fixed assets -€8,162
down €8,162 (-84.9%), from €9,610 to €1,448
- Reserves -€23,229
down €23,229 (-12.2%), from €190,690 to €167,461
of which Distributable reserves: -€23,229
- Other debts +€13,694
up €13,694 (+40.6%), from €33,722 to €47,415
- Tax, wage and social debts -€10,014
down €10,014 (-48.0%), from €20,864 to €10,851
- Gross operating margin -€14,797
down €14,797 (-23.9%), from €61,869 to €47,072
- Taxes -€3,663
down €3,663 (-25.2%), from €14,549 to €10,886
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 | €280,268 | €259,693 | -€20,575 | -7.3% |
| Fixed assets | 21/28 | €9,635 | €1,473 | -€8,162 | -84.7% |
| Tangible fixed assets | 22/27 | €9,610 | €1,448 | -€8,162 | -84.9% |
| Furniture and vehicles | 24 | €9,610 | €1,448 | -€8,162 | -84.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €270,634 | €258,221 | -€12,413 | -4.6% |
| Amounts receivable within one year | 40/41 | €13,442 | €24,351 | +€10,910 | +81.2% |
| Trade receivables | 40 | €12,342 | €23,958 | +€11,616 | +94.1% |
| Other amounts receivable | 41 | €1,100 | €393 | -€706 | -64.2% |
| Cash at bank and in hand | 54/58 | €256,136 | €231,803 | -€24,334 | -9.5% |
| Deferred charges and accrued income | 490/1 | €1,056 | €2,066 | +€1,011 | +95.8% |
| Total equity and liabilities | 10/49 | €280,268 | €259,693 | -€20,575 | -7.3% |
| Equity | 10/15 | €224,260 | €201,031 | -€23,229 | -10.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €190,690 | €167,461 | -€23,229 | -12.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €188,830 | €165,601 | -€23,229 | -12.3% |
| Profit (loss) carried forward | 14 | €21,170 | €21,170 | = | 0.0% |
| Amounts payable | 17/49 | €56,008 | €58,662 | +€2,655 | +4.7% |
| Amounts payable within one year | 42/48 | €56,008 | €58,662 | +€2,655 | +4.7% |
| Trade debts | 44 | €1,422 | €396 | -€1,026 | -72.1% |
| Suppliers | 440/4 | €1,422 | €396 | -€1,026 | -72.1% |
| Taxes, remuneration and social security | 45 | €20,864 | €10,851 | -€10,014 | -48.0% |
| Taxes | 450/3 | €20,864 | €10,851 | -€10,014 | -48.0% |
| Other amounts payable | 47/48 | €33,722 | €47,415 | +€13,694 | +40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,091 | €9,231 | +€139 | +1.5% |
| Other operating charges | 640/8 | €679 | €302 | -€377 | -55.5% |
| Gross operating margin | 9900 | €61,869 | €47,072 | -€14,797 | -23.9% |
| Operating profit (loss) | 9901 | €52,099 | €37,540 | -€14,559 | -27.9% |
| Financial income | 75/76B | €43 | €34 | -€9 | -21.3% |
| Recurring financial income | 75 | €43 | €34 | -€9 | -21.3% |
| Financial charges | 65/66B | €19 | €6 | -€13 | -69.5% |
| Recurring financial charges | 65 | €19 | €6 | -€13 | -69.5% |
| Profit (loss) for the period before taxes | 9903 | €52,123 | €37,568 | -€14,555 | -27.9% |
| Income taxes | 67/77 | €14,549 | €10,886 | -€3,663 | -25.2% |
| Profit (loss) for the period | 9904 | €37,574 | €26,682 | -€10,892 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,574 | €26,682 | -€10,892 | -29.0% |
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 1 October 2026 via checked.be.