SEBCHA: 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.
SEBCHA
Largest movements
- Tangible fixed assets -€9,987
down €9,987 (-17.7%), from €56,528 to €46,542
of which Furniture and vehicles: -€9,660
- Receivables within one year -€3,720
down €3,720 (-59.8%), from €6,218 to €2,499
of which Other amounts receivable: -€4,144
- Deferred charges and accrued income +€2,266
up €2,266 (+2278.5%), from €99 to €2,366
- Cash +€1,234
up €1,234 (+379.9%), from €325 to €1,559
mainly Depreciation (+€14,874) and Net result for the year (+€8,016)
- Other debts -€13,935
down €13,935 (-85.8%), from €16,246 to €2,311
- Debts after one year -€10,141
down €10,141 (-46.7%), from €21,705 to €11,564
- Reserves +€8,010
up €8,010 (+105.7%), from €7,580 to €15,590
- Tax, wage and social debts +€5,236
up €5,236 (+5087.6%), from €103 to €5,339
- Trade debts +€882
up €882 (+179.3%), from €492 to €1,374
- Gross operating margin +€15,146
up €15,146 (+95.0%), from €15,936 to €31,082
- Taxes +€4,329
up €4,329 (+183.7%), from €2,356 to €6,685
- Depreciation +€3,866
up €3,866 (+35.1%), from €11,007 to €14,874
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 | €63,171 | €52,965 | -€10,206 | -16.2% |
| Fixed assets | 21/28 | €56,528 | €46,542 | -€9,987 | -17.7% |
| Tangible fixed assets | 22/27 | €56,528 | €46,542 | -€9,987 | -17.7% |
| Plant, machinery and equipment | 23 | €5,500 | €5,173 | -€326 | -5.9% |
| Furniture and vehicles | 24 | €51,029 | €41,369 | -€9,660 | -18.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €6,643 | €6,423 | -€219 | -3.3% |
| Amounts receivable within one year | 40/41 | €6,218 | €2,499 | -€3,720 | -59.8% |
| Trade receivables | 40 | €2,074 | €2,499 | +€424 | +20.5% |
| Other amounts receivable | 41 | €4,144 | €0 | -€4,144 | -100.0% |
| Cash at bank and in hand | 54/58 | €325 | €1,559 | +€1,234 | +379.9% |
| Deferred charges and accrued income | 490/1 | €99 | €2,366 | +€2,266 | +2278.5% |
| Total equity and liabilities | 10/49 | €63,171 | €52,965 | -€10,206 | -16.2% |
| Equity | 10/15 | €14,220 | €22,236 | +€8,016 | +56.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,580 | €15,590 | +€8,010 | +105.7% |
| Distributable reserves | 133 | €7,580 | €15,590 | +€8,010 | +105.7% |
| Profit (loss) carried forward | 14 | €440 | €446 | +€6 | +1.5% |
| Amounts payable | 17/49 | €48,952 | €30,729 | -€18,223 | -37.2% |
| Amounts payable after more than one year | 17 | €21,705 | €11,564 | -€10,141 | -46.7% |
| Financial debts | 170/4 | €21,705 | €11,564 | -€10,141 | -46.7% |
| Amounts payable within one year | 42/48 | €27,247 | €19,165 | -€8,082 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €10,406 | €10,141 | -€265 | -2.5% |
| Trade debts | 44 | €492 | €1,374 | +€882 | +179.3% |
| Suppliers | 440/4 | €492 | €1,374 | +€882 | +179.3% |
| Taxes, remuneration and social security | 45 | €103 | €5,339 | +€5,236 | +5087.6% |
| Taxes | 450/3 | €103 | €5,339 | +€5,236 | +5087.6% |
| Other amounts payable | 47/48 | €16,246 | €2,311 | -€13,935 | -85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,007 | €14,874 | +€3,866 | +35.1% |
| Other operating charges | 640/8 | €666 | €400 | -€266 | -39.9% |
| Non-recurring operating charges | 66A | €459 | €0 | -€459 | -100.0% |
| Gross operating margin | 9900 | €15,936 | €31,082 | +€15,146 | +95.0% |
| Operating profit (loss) | 9901 | €3,804 | €15,808 | +€12,005 | +315.6% |
| Financial income | 75/76B | €9 | €11 | +€2 | +19.0% |
| Recurring financial income | 75 | €9 | €11 | +€2 | +19.0% |
| Financial charges | 65/66B | €1,221 | €1,119 | -€102 | -8.4% |
| Recurring financial charges | 65 | €1,221 | €1,119 | -€102 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €2,592 | €14,701 | +€12,109 | +467.1% |
| Income taxes | 67/77 | €2,356 | €6,685 | +€4,329 | +183.7% |
| Profit (loss) for the period | 9904 | €236 | €8,016 | +€7,780 | +3293.7% |
| Profit (loss) for the period to be appropriated | 9905 | €236 | €8,016 | +€7,780 | +3293.7% |
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 7 October 2026 via checked.be.