Sebert: 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.
Sebert
Largest movements
- Cash +€64,088
up €64,088 (+253.4%), from €25,291 to €89,379
mainly Net result for the year (+€97,472) and Tax, wage and social debts (+€20,740)
- Tangible fixed assets +€33,271
new in 2025: €33,271
- Deferred charges and accrued income +€11,619
up €11,619 (+88.6%), from €13,112 to €24,731
- Profit (loss) carried forward +€97,472
up €97,472 (+125172.3%), from €78 to €97,550
- Tax, wage and social debts +€20,740
up €20,740 (+320.3%), from €6,474 to €27,214
- Other debts -€7,658
down €7,658 (-99.6%), from €7,689 to €30
- Trade debts -€1,495
down €1,495 (-37.7%), from €3,962 to €2,467
- Gross operating margin +€101,063
up €101,063 (+422.8%), from €23,902 to €124,965
- Taxes +€19,693
up €19,693 (+304.2%), from €6,474 to €26,167
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 | €38,403 | €147,461 | +€109,058 | +284.0% |
| Fixed assets | 21/28 | - | €33,271 | +€33,271 | |
| Tangible fixed assets | 22/27 | - | €33,271 | +€33,271 | |
| Furniture and vehicles | 24 | - | €33,271 | +€33,271 | |
| Current assets | 29/58 | €38,403 | €114,190 | +€75,787 | +197.3% |
| Amounts receivable within one year | 40/41 | - | €80 | +€80 | |
| Trade receivables | 40 | - | €80 | +€80 | |
| Cash at bank and in hand | 54/58 | €25,291 | €89,379 | +€64,088 | +253.4% |
| Deferred charges and accrued income | 490/1 | €13,112 | €24,731 | +€11,619 | +88.6% |
| Total equity and liabilities | 10/49 | €38,403 | €147,461 | +€109,058 | +284.0% |
| Equity | 10/15 | €20,278 | €117,750 | +€97,472 | +480.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,200 | €17,200 | = | 0.0% |
| Distributable reserves | 133 | €17,200 | €17,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78 | €97,550 | +€97,472 | +125172.3% |
| Amounts payable | 17/49 | €18,125 | €29,712 | +€11,587 | +63.9% |
| Amounts payable within one year | 42/48 | €18,125 | €29,712 | +€11,587 | +63.9% |
| Trade debts | 44 | €3,962 | €2,467 | -€1,495 | -37.7% |
| Suppliers | 440/4 | €3,962 | €2,467 | -€1,495 | -37.7% |
| Taxes, remuneration and social security | 45 | €6,474 | €27,214 | +€20,740 | +320.3% |
| Taxes | 450/3 | €6,474 | €27,214 | +€20,740 | +320.3% |
| Other amounts payable | 47/48 | €7,689 | €30 | -€7,658 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €899 | +€899 | |
| Other operating charges | 640/8 | €150 | €427 | +€277 | +184.8% |
| Gross operating margin | 9900 | €23,902 | €124,965 | +€101,063 | +422.8% |
| Operating profit (loss) | 9901 | €23,752 | €123,639 | +€99,887 | +420.5% |
| Profit (loss) for the period before taxes | 9903 | €23,752 | €123,639 | +€99,887 | +420.5% |
| Income taxes | 67/77 | €6,474 | €26,167 | +€19,693 | +304.2% |
| Profit (loss) for the period | 9904 | €17,278 | €97,472 | +€80,194 | +464.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,278 | €97,472 | +€80,194 | +464.1% |
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 9 October 2026 via checked.be.