SEBEMM: 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.
SEBEMM
Largest movements
- Cash -€620,721
down €620,721 (-54.3%), from €1.1m to €521,696
mainly Other debts (-€594,247) and Receivables within one year (-€266,474)
- Receivables within one year +€266,474
up €266,474 (+32.1%), from €829,369 to €1.1m
of which Other amounts receivable: +€1.1m
- Other debts -€594,247
down €594,247 (-41.8%), from €1.4m to €828,944
- Reserves +€314,291
up €314,291 (+11.6%), from €2.7m to €3.0m
- Gross operating margin -€164,275
down €164,275 (-26.9%), from €610,308 to €446,033
- Financial income +€43,022
new in 2025: €43,022
- Financial charges -€25,694
down €25,694 (-27.6%), from €93,054 to €67,360
- Taxes -€23,719
down €23,719 (-18.2%), from €129,995 to €106,277
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 | €6,963,995 | €6,609,748 | -€354,247 | -5.1% |
| Fixed assets | 21/28 | €4,992,209 | €4,992,209 | = | 0.0% |
| Tangible fixed assets | 22/27 | €242,660 | €242,660 | = | 0.0% |
| Land and buildings | 22 | €242,660 | €242,660 | = | 0.0% |
| Financial fixed assets | 28 | €4,749,550 | €4,749,550 | = | 0.0% |
| Current assets | 29/58 | €1,971,785 | €1,617,539 | -€354,247 | -18.0% |
| Amounts receivable within one year | 40/41 | €829,369 | €1,095,843 | +€266,474 | +32.1% |
| Trade receivables | 40 | €816,085 | €0 | -€816,085 | -100% |
| Other amounts receivable | 41 | €13,284 | €1,095,843 | +€1.1m | +8,149% |
| Cash at bank and in hand | 54/58 | €1,142,417 | €521,696 | -€620,721 | -54.3% |
| Total equity and liabilities | 10/49 | €6,963,995 | €6,609,748 | -€354,247 | -5.1% |
| Equity | 10/15 | €5,360,473 | €5,674,764 | +€314,291 | +5.9% |
| Contributions | 10/11 | €2,661,550 | €2,661,550 | = | 0.0% |
| Reserves | 13 | €2,698,923 | €3,013,214 | +€314,291 | +11.6% |
| Distributable reserves | 133 | €2,698,923 | €3,013,214 | +€314,291 | +11.6% |
| Amounts payable | 17/49 | €1,603,522 | €934,984 | -€668,538 | -41.7% |
| Amounts payable within one year | 42/48 | €1,510,511 | €867,678 | -€642,833 | -42.6% |
| Trade debts | 44 | €51,847 | €2,462 | -€49,385 | -95.3% |
| Suppliers | 440/4 | €51,847 | €2,462 | -€49,385 | -95.3% |
| Taxes, remuneration and social security | 45 | €35,473 | €36,272 | +€799 | +2.3% |
| Taxes | 450/3 | €35,385 | €36,272 | +€887 | +2.5% |
| Remuneration and social security | 454/9 | €89 | €0 | -€89 | -100% |
| Other amounts payable | 47/48 | €1,423,192 | €828,944 | -€594,247 | -41.8% |
| Accrued charges and deferred income | 492/3 | €93,010 | €67,306 | -€25,705 | -27.6% |
| Other operating charges | 640/8 | €1,108 | €1,126 | +€19 | +1.7% |
| Gross operating margin | 9900 | €610,308 | €446,033 | -€164,275 | -26.9% |
| Operating profit (loss) | 9901 | €609,201 | €444,906 | -€164,294 | -27.0% |
| Financial income | 75/76B | - | €43,022 | +€43,022 | |
| Recurring financial income | 75 | - | €43,022 | +€43,022 | |
| Financial charges | 65/66B | €93,054 | €67,360 | -€25,694 | -27.6% |
| Recurring financial charges | 65 | €93,054 | €67,360 | -€25,694 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €516,147 | €420,568 | -€95,579 | -18.5% |
| Income taxes | 67/77 | €129,995 | €106,277 | -€23,719 | -18.2% |
| Profit (loss) for the period | 9904 | €386,151 | €314,291 | -€71,860 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €386,151 | €314,291 | -€71,860 | -18.6% |
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 16 October 2026 via checked.be.