SEBCO TRADING: 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.
SEBCO TRADING
Largest movements
- Stocks and contracts -€9,600
down €9,600 (-30.8%), from €31,210 to €21,610
- Receivables within one year -€2,150
no longer reported in 2025 (was €2,150)
- Tangible fixed assets -€1,000
down €1,000 (-25.5%), from €3,917 to €2,917
- Profit (loss) carried forward +€17,927
up €17,927 (+61.7%), from -€29,072 to -€11,145
- Trade debts -€15,214
down €15,214 (-94.4%), from €16,123 to €909
- Other debts -€9,368
down €9,368 (-37.5%), from €24,953 to €15,585
- Tax, wage and social debts -€5,996
down €5,996 (-82.5%), from €7,267 to €1,271
of which Taxes: -€4,196
- Purchases and services -€51,047
down €51,047 (-68.4%), from €74,588 to €23,541
- Turnover -€28,119
down €28,119 (-52.7%), from €53,367 to €25,248
- Gross operating margin +€22,928
up €22,928, from -€21,221 to €1,707
- Other operating charges +€555
up €555 (+956.9%), from €58 to €613
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,871 | €25,220 | -€12,651 | -33.4% |
| Fixed assets | 21/28 | €3,917 | €2,917 | -€1,000 | -25.5% |
| Tangible fixed assets | 22/27 | €3,917 | €2,917 | -€1,000 | -25.5% |
| Plant, machinery and equipment | 23 | €3,917 | €2,917 | -€1,000 | -25.5% |
| Current assets | 29/58 | €33,954 | €22,303 | -€11,651 | -34.3% |
| Stocks and contracts in progress | 3 | €31,210 | €21,610 | -€9,600 | -30.8% |
| Stocks | 30/36 | €31,210 | €21,610 | -€9,600 | -30.8% |
| Amounts receivable within one year | 40/41 | €2,150 | - | -€2,150 | |
| Trade receivables | 40 | €2,150 | - | -€2,150 | |
| Cash at bank and in hand | 54/58 | €594 | €693 | +€99 | +16.7% |
| Total equity and liabilities | 10/49 | €37,871 | €25,220 | -€12,651 | -33.4% |
| Equity | 10/15 | -€10,472 | €7,455 | +€17,927 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,072 | -€11,145 | +€17,927 | +61.7% |
| Amounts payable | 17/49 | €48,343 | €17,765 | -€30,578 | -63.3% |
| Amounts payable within one year | 42/48 | €48,343 | €17,765 | -€30,578 | -63.3% |
| Trade debts | 44 | €16,123 | €909 | -€15,214 | -94.4% |
| Suppliers | 440/4 | €16,123 | €909 | -€15,214 | -94.4% |
| Taxes, remuneration and social security | 45 | €7,267 | €1,271 | -€5,996 | -82.5% |
| Taxes | 450/3 | €5,467 | €1,271 | -€4,196 | -76.8% |
| Remuneration and social security | 454/9 | €1,800 | - | -€1,800 | |
| Other amounts payable | 47/48 | €24,953 | €15,585 | -€9,368 | -37.5% |
| Turnover | 70 | €53,367 | €25,248 | -€28,119 | -52.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €74,588 | €23,541 | -€51,047 | -68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €500 | = | 0.0% |
| Other operating charges | 640/8 | €58 | €613 | +€555 | +956.9% |
| Gross operating margin | 9900 | -€21,221 | €1,707 | +€22,928 | |
| Operating profit (loss) | 9901 | -€21,779 | €594 | +€22,373 | |
| Financial charges | 65/66B | €315 | €71 | -€244 | -77.5% |
| Recurring financial charges | 65 | €315 | €71 | -€244 | -77.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,094 | €523 | +€22,617 | |
| Profit (loss) for the period | 9904 | -€22,094 | €523 | +€22,617 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,094 | €523 | +€22,617 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.