SEBELEC LIGHTING: 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.
SEBELEC LIGHTING
Largest movements
- Tangible fixed assets -€41,373
down €41,373 (-27.5%), from €150,656 to €109,284
of which Furniture and vehicles: -€34,658
- Cash +€21,346
up €21,346 (+35.2%), from €60,713 to €82,059
mainly Depreciation (+€41,373) and Net result for the year (+€23,204)
- Stocks and contracts +€9,510
up €9,510 (+17.3%), from €55,018 to €64,528
- Receivables within one year -€6,925
down €6,925 (-6.8%), from €101,272 to €94,348
of which Other amounts receivable: -€4,132
- Debts after one year -€49,355
down €49,355 (-20.9%), from €235,951 to €186,596
of which Financial debts: -€26,249
- Reserves +€23,204
up €23,204 (+57.9%), from €40,065 to €63,269
of which Distributable reserves: +€23,204
- Trade debts +€8,332
up €8,332 (+27.5%), from €30,272 to €38,604
- Gross operating margin +€42,808
up €42,808 (+21.4%), from €200,216 to €243,024
- Staff costs +€35,652
up €35,652 (+26.1%), from €136,362 to €172,014
- Depreciation -€27,300
down €27,300 (-39.8%), from €68,673 to €41,373
- Financial charges -€3,429
down €3,429 (-40.6%), from €8,444 to €5,015
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 | €372,029 | €357,538 | -€14,491 | -3.9% |
| Fixed assets | 21/28 | €150,656 | €109,284 | -€41,373 | -27.5% |
| Tangible fixed assets | 22/27 | €150,656 | €109,284 | -€41,373 | -27.5% |
| Land and buildings | 22 | €40,742 | €37,552 | -€3,190 | -7.8% |
| Plant, machinery and equipment | 23 | €16,891 | €13,367 | -€3,525 | -20.9% |
| Furniture and vehicles | 24 | €93,023 | €58,365 | -€34,658 | -37.3% |
| Current assets | 29/58 | €221,373 | €248,254 | +€26,881 | +12.1% |
| Stocks and contracts in progress | 3 | €55,018 | €64,528 | +€9,510 | +17.3% |
| Stocks | 30/36 | €55,018 | €64,528 | +€9,510 | +17.3% |
| Amounts receivable within one year | 40/41 | €101,272 | €94,348 | -€6,925 | -6.8% |
| Trade receivables | 40 | €83,771 | €80,978 | -€2,793 | -3.3% |
| Other amounts receivable | 41 | €17,502 | €13,370 | -€4,132 | -23.6% |
| Cash at bank and in hand | 54/58 | €60,713 | €82,059 | +€21,346 | +35.2% |
| Deferred charges and accrued income | 490/1 | €4,369 | €7,319 | +€2,950 | +67.5% |
| Total equity and liabilities | 10/49 | €372,029 | €357,538 | -€14,491 | -3.9% |
| Equity | 10/15 | €58,665 | €81,869 | +€23,204 | +39.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,065 | €63,269 | +€23,204 | +57.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €38,205 | €61,409 | +€23,204 | +60.7% |
| Amounts payable | 17/49 | €313,364 | €275,669 | -€37,695 | -12.0% |
| Amounts payable after more than one year | 17 | €235,951 | €186,596 | -€49,355 | -20.9% |
| Financial debts | 170/4 | €90,532 | €64,283 | -€26,249 | -29.0% |
| Other amounts payable | 178/9 | €145,419 | €122,313 | -€23,106 | -15.9% |
| Amounts payable within one year | 42/48 | €74,889 | €86,573 | +€11,684 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €26,318 | €25,903 | -€415 | -1.6% |
| Trade debts | 44 | €30,272 | €38,604 | +€8,332 | +27.5% |
| Suppliers | 440/4 | €30,272 | €38,604 | +€8,332 | +27.5% |
| Taxes, remuneration and social security | 45 | €18,299 | €19,991 | +€1,691 | +9.2% |
| Taxes | 450/3 | €4,750 | €9,858 | +€5,108 | +108% |
| Remuneration and social security | 454/9 | €13,550 | €10,133 | -€3,417 | -25.2% |
| Other amounts payable | 47/48 | - | €2,076 | +€2,076 | |
| Accrued charges and deferred income | 492/3 | €2,524 | €2,500 | -€24 | -0.9% |
| Remuneration, social security and pensions | 62 | €136,362 | €172,014 | +€35,652 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,673 | €41,373 | -€27,300 | -39.8% |
| Other operating charges | 640/8 | €2,804 | €2,965 | +€161 | +5.7% |
| Gross operating margin | 9900 | €200,216 | €243,024 | +€42,808 | +21.4% |
| Operating profit (loss) | 9901 | -€7,622 | €26,673 | +€34,295 | |
| Financial income | 75/76B | €5,253 | €3,165 | -€2,088 | -39.7% |
| Recurring financial income | 75 | €5,253 | €3,165 | -€2,088 | -39.7% |
| Financial charges | 65/66B | €8,444 | €5,015 | -€3,429 | -40.6% |
| Recurring financial charges | 65 | €8,444 | €5,015 | -€3,429 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,814 | €24,823 | +€35,637 | |
| Income taxes | 67/77 | €685 | €1,619 | +€934 | +136% |
| Profit (loss) for the period | 9904 | -€11,498 | €23,204 | +€34,702 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,498 | €23,204 | +€34,702 |
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 22 October 2026 via checked.be.