SEBEK INKS: 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.
SEBEK INKS
Largest movements
- Cash -€167,872
down €167,872 (-34.1%), from €492,457 to €324,586
mainly Contributions, distributions and other (-€416,135) and Other debts (-€209,232)
- Receivables within one year -€85,546
down €85,546 (-47.6%), from €179,792 to €94,246
of which Trade receivables: -€44,084
- Stocks and contracts +€53,960
up €53,960 (+10.4%), from €519,240 to €573,199
- Other debts -€209,232
down €209,232 (-66.7%), from €313,904 to €104,671
- Reserves -€32,408
down €32,408 (-3.2%), from €1.0m to €971,700
- Tax, wage and social debts +€20,030
up €20,030 (+53.3%), from €37,604 to €57,634
of which Remuneration and social security: +€22,013
- Gross operating margin +€86,899
up €86,899 (+11.8%), from €734,694 to €821,593
- Staff costs +€38,225
up €38,225 (+13.3%), from €287,038 to €325,263
- Other operating charges -€11,944
down €11,944 (-86.3%), from €13,846 to €1,901
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.
Derived cash bridge
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 | €1,474,914 | €1,262,457 | -€212,457 | -14.4% |
| Fixed assets | 21/28 | €60,917 | €45,935 | -€14,982 | -24.6% |
| Intangible fixed assets | 21 | €23,832 | €16,473 | -€7,359 | -30.9% |
| Tangible fixed assets | 22/27 | €29,524 | €21,901 | -€7,623 | -25.8% |
| Plant, machinery and equipment | 23 | €24,517 | €19,657 | -€4,860 | -19.8% |
| Furniture and vehicles | 24 | €5,007 | €2,244 | -€2,763 | -55.2% |
| Financial fixed assets | 28 | €7,561 | €7,561 | = | 0.0% |
| Current assets | 29/58 | €1,413,997 | €1,216,522 | -€197,475 | -14.0% |
| Stocks and contracts in progress | 3 | €519,240 | €573,199 | +€53,960 | +10.4% |
| Stocks | 30/36 | €519,240 | €573,199 | +€53,960 | +10.4% |
| Amounts receivable within one year | 40/41 | €179,792 | €94,246 | -€85,546 | -47.6% |
| Trade receivables | 40 | €125,031 | €80,947 | -€44,084 | -35.3% |
| Other amounts receivable | 41 | €54,761 | €13,299 | -€41,461 | -75.7% |
| Current investments | 50/53 | €210,000 | €210,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €492,457 | €324,586 | -€167,872 | -34.1% |
| Deferred charges and accrued income | 490/1 | €12,508 | €14,490 | +€1,983 | +15.9% |
| Total equity and liabilities | 10/49 | €1,474,914 | €1,262,457 | -€212,457 | -14.4% |
| Equity | 10/15 | €1,040,623 | €1,008,215 | -€32,408 | -3.1% |
| Contributions | 10/11 | €36,514 | €36,514 | = | 0.0% |
| Reserves | 13 | €1,004,108 | €971,700 | -€32,408 | -3.2% |
| Distributable reserves | 133 | €1,004,108 | €971,700 | -€32,408 | -3.2% |
| Amounts payable | 17/49 | €434,291 | €254,243 | -€180,049 | -41.5% |
| Amounts payable within one year | 42/48 | €434,291 | €254,243 | -€180,049 | -41.5% |
| Trade debts | 44 | €82,783 | €91,937 | +€9,154 | +11.1% |
| Suppliers | 440/4 | €82,783 | €91,937 | +€9,154 | +11.1% |
| Taxes, remuneration and social security | 45 | €37,604 | €57,634 | +€20,030 | +53.3% |
| Taxes | 450/3 | €11,520 | €9,537 | -€1,983 | -17.2% |
| Remuneration and social security | 454/9 | €26,084 | €48,097 | +€22,013 | +84.4% |
| Other amounts payable | 47/48 | €313,904 | €104,671 | -€209,232 | -66.7% |
| Remuneration, social security and pensions | 62 | €287,038 | €325,263 | +€38,225 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,550 | €18,178 | +€1,628 | +9.8% |
| Other operating charges | 640/8 | €13,846 | €1,901 | -€11,944 | -86.3% |
| Gross operating margin | 9900 | €734,694 | €821,593 | +€86,899 | +11.8% |
| Operating profit (loss) | 9901 | €417,261 | €476,250 | +€58,990 | +14.1% |
| Financial income | 75/76B | €3,636 | €3,383 | -€253 | -7.0% |
| Recurring financial income | 75 | €3,636 | €3,383 | -€253 | -7.0% |
| Financial charges | 65/66B | €3,394 | €3,203 | -€191 | -5.6% |
| Recurring financial charges | 65 | €3,394 | €3,203 | -€191 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €417,503 | €476,431 | +€58,928 | +14.1% |
| Income taxes | 67/77 | €84,943 | €92,703 | +€7,760 | +9.1% |
| Profit (loss) for the period | 9904 | €332,560 | €383,727 | +€51,167 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €332,560 | €383,727 | +€51,167 | +15.4% |
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 31 October 2026 via checked.be.