SEBATEC: 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.
SEBATEC
Largest movements
- Receivables within one year +€132,529
up €132,529 (+917.3%), from €14,448 to €146,976
of which Trade receivables: +€124,026
- Tangible fixed assets +€5,109
up €5,109 (+254.4%), from €2,008 to €7,116
of which Furniture and vehicles: +€5,464
- Cash +€4,660
up €4,660 (+16.3%), from €28,552 to €33,213
mainly Trade debts (+€103,739) and Net result for the year (+€24,073)
- Trade debts +€103,739
new in 2025: €103,739
- Profit (loss) carried forward +€24,073
up €24,073 (+830.3%), from €2,899 to €26,972
- Tax, wage and social debts +€20,189
up €20,189 (+114.5%), from €17,639 to €37,827
of which Taxes: +€23,970
- Advances received -€5,250
down €5,250 (-20.6%), from €25,484 to €20,234
- Gross operating margin +€21,361
up €21,361 (+133.2%), from €16,031 to €37,393
- Taxes +€4,462
up €4,462 (+156.8%), from €2,845 to €7,307
- Other operating charges +€2,486
up €2,486 (+295.1%), from €842 to €3,328
- Financial charges -€1,680
down €1,680 (-88.7%), from €1,895 to €215
- Depreciation +€1,368
up €1,368 (+133.7%), from €1,023 to €2,391
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 | €46,022 | €188,772 | +€142,751 | +310.2% |
| Fixed assets | 21/28 | €2,008 | €8,216 | +€6,209 | +309.2% |
| Tangible fixed assets | 22/27 | €2,008 | €7,116 | +€5,109 | +254.4% |
| Plant, machinery and equipment | 23 | €542 | €186 | -€356 | -65.6% |
| Furniture and vehicles | 24 | €1,466 | €6,930 | +€5,464 | +372.8% |
| Financial fixed assets | 28 | - | €1,100 | +€1,100 | |
| Current assets | 29/58 | €44,014 | €180,556 | +€136,542 | +310.2% |
| Amounts receivable within one year | 40/41 | €14,448 | €146,976 | +€132,529 | +917.3% |
| Trade receivables | 40 | €6,500 | €130,525 | +€124,026 | +1908.2% |
| Other amounts receivable | 41 | €7,948 | €16,451 | +€8,503 | +107.0% |
| Cash at bank and in hand | 54/58 | €28,552 | €33,213 | +€4,660 | +16.3% |
| Deferred charges and accrued income | 490/1 | €1,014 | €367 | -€647 | -63.8% |
| Total equity and liabilities | 10/49 | €46,022 | €188,772 | +€142,751 | +310.2% |
| Equity | 10/15 | €2,899 | €26,972 | +€24,073 | +830.3% |
| Profit (loss) carried forward | 14 | €2,899 | €26,972 | +€24,073 | +830.3% |
| Amounts payable | 17/49 | €43,122 | €161,800 | +€118,678 | +275.2% |
| Amounts payable within one year | 42/48 | €43,122 | €161,800 | +€118,678 | +275.2% |
| Trade debts | 44 | - | €103,739 | +€103,739 | |
| Suppliers | 440/4 | - | €103,739 | +€103,739 | |
| Advances received on contracts in progress | 46 | €25,484 | €20,234 | -€5,250 | -20.6% |
| Taxes, remuneration and social security | 45 | €17,639 | €37,827 | +€20,189 | +114.5% |
| Taxes | 450/3 | €6,232 | €30,202 | +€23,970 | +384.6% |
| Remuneration and social security | 454/9 | €11,407 | €7,625 | -€3,781 | -33.1% |
| Remuneration, social security and pensions | 62 | - | €120 | +€120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,023 | €2,391 | +€1,368 | +133.7% |
| Other operating charges | 640/8 | €842 | €3,328 | +€2,486 | +295.1% |
| Gross operating margin | 9900 | €16,031 | €37,393 | +€21,361 | +133.2% |
| Operating profit (loss) | 9901 | €14,166 | €31,553 | +€17,387 | +122.7% |
| Financial income | 75/76B | - | €41 | +€41 | |
| Recurring financial income | 75 | - | €41 | +€41 | |
| Financial charges | 65/66B | €1,895 | €215 | -€1,680 | -88.7% |
| Recurring financial charges | 65 | €1,895 | €215 | -€1,680 | -88.7% |
| Profit (loss) for the period before taxes | 9903 | €12,271 | €31,380 | +€19,109 | +155.7% |
| Income taxes | 67/77 | €2,845 | €7,307 | +€4,462 | +156.8% |
| Profit (loss) for the period | 9904 | €9,426 | €24,073 | +€14,647 | +155.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,426 | €24,073 | +€14,647 | +155.4% |
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.