SEBEL GROUP: 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.
SEBEL GROUP
Largest movements
- Stocks and contracts -€73,619
down €73,619 (-46.4%), from €158,619 to €85,000
- Debts after one year -€57,685
down €57,685 (-100.0%), from €57,685 to €0
- Other debts -€7,064
down €7,064 (-9.4%), from €75,045 to €67,981
- Trade debts -€4,527
down €4,527 (-98.7%), from €4,587 to €61
- Profit (loss) carried forward -€4,156
down €4,156 (-22.2%), from €18,695 to €14,538
- Current portion of long-term debt -€2,159
down €2,159 (-100.0%), from €2,159 to €0
- Purchases and services -€60,651
down €60,651 (-23.2%), from €261,190 to €200,540
- Gross operating margin -€13,402
down €13,402 (-65.7%), from €20,407 to €7,004
- Financial charges -€9,468
down €9,468 (-83.6%), from €11,323 to €1,854
- Other operating charges +€5,297
up €5,297 (+128.7%), from €4,117 to €9,414
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 | €161,613 | €85,580 | -€76,033 | -47.0% |
| Fixed assets | 21/28 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €161,613 | €85,580 | -€76,033 | -47.0% |
| Stocks and contracts in progress | 3 | €158,619 | €85,000 | -€73,619 | -46.4% |
| Stocks | 30/36 | €158,619 | €85,000 | -€73,619 | -46.4% |
| Amounts receivable within one year | 40/41 | €859 | €0 | -€859 | -100.0% |
| Other amounts receivable | 41 | €859 | €0 | -€859 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,136 | €580 | -€1,556 | -72.8% |
| Total equity and liabilities | 10/49 | €161,613 | €85,580 | -€76,033 | -47.0% |
| Equity | 10/15 | €21,695 | €17,538 | -€4,156 | -19.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,695 | €14,538 | -€4,156 | -22.2% |
| Amounts payable | 17/49 | €139,918 | €68,042 | -€71,877 | -51.4% |
| Amounts payable after more than one year | 17 | €57,685 | €0 | -€57,685 | -100.0% |
| Financial debts | 170/4 | €57,685 | €0 | -€57,685 | -100.0% |
| Amounts payable within one year | 42/48 | €81,791 | €68,042 | -€13,750 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €2,159 | €0 | -€2,159 | -100.0% |
| Trade debts | 44 | €4,587 | €61 | -€4,527 | -98.7% |
| Suppliers | 440/4 | €4,587 | €61 | -€4,527 | -98.7% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €75,045 | €67,981 | -€7,064 | -9.4% |
| Accrued charges and deferred income | 492/3 | €442 | €0 | -€442 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €261,190 | €200,540 | -€60,651 | -23.2% |
| Other operating charges | 640/8 | €4,117 | €9,414 | +€5,297 | +128.7% |
| Gross operating margin | 9900 | €20,407 | €7,004 | -€13,402 | -65.7% |
| Operating profit (loss) | 9901 | €16,289 | -€2,410 | -€18,699 | |
| Financial income | 75/76B | - | €108 | +€108 | |
| Recurring financial income | 75 | - | €108 | +€108 | |
| Financial charges | 65/66B | €11,323 | €1,854 | -€9,468 | -83.6% |
| Recurring financial charges | 65 | €11,323 | €1,854 | -€9,468 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | €4,967 | -€4,156 | -€9,123 | |
| Profit (loss) for the period | 9904 | €4,967 | -€4,156 | -€9,123 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,967 | -€4,156 | -€9,123 |
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.