SEBAZPROD: 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.
SEBAZPROD
Largest movements
- Receivables within one year +€33,279
up €33,279 (+25.7%), from €129,583 to €162,862
of which Trade receivables: +€19,084
- Profit (loss) carried forward +€27,812
up €27,812 (+40.1%), from €69,413 to €97,225
- Tax, wage and social debts +€7,849
up €7,849 (+24.6%), from €31,846 to €39,695
- Trade debts -€2,007
down €2,007 (-21.7%), from €9,267 to €7,260
- Taxes -€7,500
no longer reported in 2025 (was €7,500)
- Gross operating margin +€1,949
up €1,949 (+7.1%), from €27,615 to €29,564
- Financial charges -€612
down €612 (-40.2%), from €1,524 to €912
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,796 | €163,235 | +€32,439 | +24.8% |
| Fixed assets | 21/28 | €1,213 | €373 | -€840 | -69.2% |
| Tangible fixed assets | 22/27 | €1,213 | €373 | -€840 | -69.2% |
| Furniture and vehicles | 24 | €1,213 | €373 | -€840 | -69.2% |
| Current assets | 29/58 | €129,583 | €162,862 | +€33,279 | +25.7% |
| Amounts receivable within one year | 40/41 | €129,583 | €162,862 | +€33,279 | +25.7% |
| Trade receivables | 40 | €48,219 | €67,304 | +€19,084 | +39.6% |
| Other amounts receivable | 41 | €81,364 | €95,558 | +€14,194 | +17.4% |
| Total equity and liabilities | 10/49 | €130,796 | €163,235 | +€32,439 | +24.8% |
| Equity | 10/15 | €83,935 | €111,747 | +€27,812 | +33.1% |
| Contributions | 10/11 | €12,662 | €12,662 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,413 | €97,225 | +€27,812 | +40.1% |
| Amounts payable | 17/49 | €46,860 | €51,487 | +€4,627 | +9.9% |
| Amounts payable within one year | 42/48 | €46,860 | €51,487 | +€4,627 | +9.9% |
| Financial debts | 43 | €4,347 | €3,160 | -€1,188 | -27.3% |
| Credit institutions | 430/8 | €4,347 | €3,160 | -€1,188 | -27.3% |
| Trade debts | 44 | €9,267 | €7,260 | -€2,007 | -21.7% |
| Suppliers | 440/4 | €9,267 | €7,260 | -€2,007 | -21.7% |
| Taxes, remuneration and social security | 45 | €31,846 | €39,695 | +€7,849 | +24.6% |
| Taxes | 450/3 | €31,846 | €39,695 | +€7,849 | +24.6% |
| Other amounts payable | 47/48 | €1,400 | €1,373 | -€27 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €840 | €840 | = | 0.0% |
| Gross operating margin | 9900 | €27,615 | €29,564 | +€1,949 | +7.1% |
| Operating profit (loss) | 9901 | €26,775 | €28,724 | +€1,949 | +7.3% |
| Financial charges | 65/66B | €1,524 | €912 | -€612 | -40.2% |
| Recurring financial charges | 65 | €1,524 | €912 | -€612 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €25,251 | €27,812 | +€2,561 | +10.1% |
| Income taxes | 67/77 | €7,500 | - | -€7,500 | |
| Profit (loss) for the period | 9904 | €17,751 | €27,812 | +€10,061 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,751 | €27,812 | +€10,061 | +56.7% |
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 11 October 2026 via checked.be.