SEBASTOS: 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.
SEBASTOS
Largest movements
- Cash +€15,435
up €15,435 (+13.8%), from €111,461 to €126,896
mainly Net result for the year (+€130,475) and Other debts (+€110,500)
- Receivables within one year +€3,720
up €3,720 (+43.6%), from €8,526 to €12,246
- Reserves -€119,525
down €119,525 (-95.8%), from €124,809 to €5,284
- Other debts +€110,500
new in 2025: €110,500
- Tax, wage and social debts +€27,165
up €27,165 (+211.9%), from €12,819 to €39,984
of which Taxes: +€27,156
- Gross operating margin +€34,091
up €34,091 (+24.4%), from €139,924 to €174,014
- Taxes +€8,229
up €8,229 (+27.7%), from €29,754 to €37,983
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 | €141,472 | €160,049 | +€18,577 | +13.1% |
| Fixed assets | 21/28 | €21,485 | €20,907 | -€578 | -2.7% |
| Tangible fixed assets | 22/27 | €18,985 | €18,407 | -€578 | -3.0% |
| Land and buildings | 22 | €18,985 | €18,407 | -€578 | -3.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €119,987 | €139,143 | +€19,155 | +16.0% |
| Amounts receivable within one year | 40/41 | €8,526 | €12,246 | +€3,720 | +43.6% |
| Other amounts receivable | 41 | €8,526 | €12,246 | +€3,720 | +43.6% |
| Cash at bank and in hand | 54/58 | €111,461 | €126,896 | +€15,435 | +13.8% |
| Total equity and liabilities | 10/49 | €141,472 | €160,049 | +€18,577 | +13.1% |
| Equity | 10/15 | €127,809 | €8,284 | -€119,525 | -93.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €124,809 | €5,284 | -€119,525 | -95.8% |
| Distributable reserves | 133 | €124,809 | €5,284 | -€119,525 | -95.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,663 | €151,766 | +€138,103 | +1010.8% |
| Amounts payable within one year | 42/48 | €13,663 | €151,766 | +€138,103 | +1010.8% |
| Trade debts | 44 | €844 | €1,282 | +€437 | +51.8% |
| Suppliers | 440/4 | €844 | €1,282 | +€437 | +51.8% |
| Taxes, remuneration and social security | 45 | €12,819 | €39,984 | +€27,165 | +211.9% |
| Taxes | 450/3 | €12,817 | €39,972 | +€27,156 | +211.9% |
| Remuneration and social security | 454/9 | €2 | €11 | +€10 | +524.0% |
| Other amounts payable | 47/48 | - | €110,500 | +€110,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,585 | €2,270 | -€315 | -12.2% |
| Other operating charges | 640/8 | €845 | €867 | +€22 | +2.6% |
| Gross operating margin | 9900 | €139,924 | €174,014 | +€34,091 | +24.4% |
| Operating profit (loss) | 9901 | €136,493 | €170,877 | +€34,383 | +25.2% |
| Financial income | 75/76B | €103 | €253 | +€150 | +146.0% |
| Recurring financial income | 75 | €103 | €253 | +€150 | +146.0% |
| Financial charges | 65/66B | €3,321 | €2,673 | -€648 | -19.5% |
| Recurring financial charges | 65 | €3,321 | €2,673 | -€648 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €133,275 | €168,457 | +€35,182 | +26.4% |
| Income taxes | 67/77 | €29,754 | €37,983 | +€8,229 | +27.7% |
| Profit (loss) for the period | 9904 | €103,522 | €130,475 | +€26,953 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,522 | €130,475 | +€26,953 | +26.0% |
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.