Sebert Shoe: 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 Shoe
Largest movements
- Cash +€36,817
up €36,817 (+125%), from €29,410 to €66,228
mainly Receivables within one year (+€32,993) and Current investments (+€25,000)
- Receivables within one year -€32,993
down €32,993 (-86.6%), from €38,079 to €5,086
of which Trade receivables: -€34,874
- Current investments -€25,000
down €25,000 (-62.3%), from €40,150 to €15,150
- Tangible fixed assets -€6,567
down €6,567 (-22.0%), from €29,894 to €23,327
of which Furniture and vehicles: -€6,374
- Stocks and contracts -€2,844
down €2,844 (-21.2%), from €13,417 to €10,573
- Profit (loss) carried forward -€24,650
new in 2025: -€24,650
- Tax, wage and social debts -€4,253
down €4,253 (-100%), from €4,253 to €0
of which Remuneration and social security: -€2,698
- Trade debts -€2,146
down €2,146 (-75.3%), from €2,848 to €703
- Gross operating margin -€24,607
down €24,607, from €11,380 to -€13,227
- Other operating charges +€3,628
up €3,628 (+268%), from €1,353 to €4,981
- Depreciation +€3,472
up €3,472 (+112%), from €3,094 to €6,567
- Taxes -€2,334
down €2,334 (-91.0%), from €2,566 to €232
- Financial income -€784
down €784 (-44.1%), from €1,777 to €992
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 | €151,764 | €120,949 | -€30,814 | -20.3% |
| Fixed assets | 21/28 | €29,894 | €23,327 | -€6,567 | -22.0% |
| Tangible fixed assets | 22/27 | €29,894 | €23,327 | -€6,567 | -22.0% |
| Furniture and vehicles | 24 | €28,658 | €22,284 | -€6,374 | -22.2% |
| Other tangible fixed assets | 26 | €1,236 | €1,043 | -€193 | -15.6% |
| Current assets | 29/58 | €121,870 | €97,622 | -€24,248 | -19.9% |
| Stocks and contracts in progress | 3 | €13,417 | €10,573 | -€2,844 | -21.2% |
| Stocks | 30/36 | €13,417 | €10,573 | -€2,844 | -21.2% |
| Amounts receivable within one year | 40/41 | €38,079 | €5,086 | -€32,993 | -86.6% |
| Trade receivables | 40 | €36,969 | €2,095 | -€34,874 | -94.3% |
| Other amounts receivable | 41 | €1,111 | €2,991 | +€1,881 | +169% |
| Current investments | 50/53 | €40,150 | €15,150 | -€25,000 | -62.3% |
| Cash at bank and in hand | 54/58 | €29,410 | €66,228 | +€36,817 | +125% |
| Deferred charges and accrued income | 490/1 | €813 | €584 | -€228 | -28.1% |
| Total equity and liabilities | 10/49 | €151,764 | €120,949 | -€30,814 | -20.3% |
| Equity | 10/15 | €136,481 | €111,832 | -€24,650 | -18.1% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €99,297 | €99,297 | = | 0.0% |
| Distributable reserves | 133 | €99,297 | €99,297 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€24,650 | -€24,650 | |
| Amounts payable | 17/49 | €15,282 | €9,118 | -€6,165 | -40.3% |
| Amounts payable within one year | 42/48 | €13,450 | €7,511 | -€5,939 | -44.2% |
| Trade debts | 44 | €2,848 | €703 | -€2,146 | -75.3% |
| Suppliers | 440/4 | €2,848 | €703 | -€2,146 | -75.3% |
| Taxes, remuneration and social security | 45 | €4,253 | €0 | -€4,253 | -100% |
| Taxes | 450/3 | €1,555 | €0 | -€1,555 | -100% |
| Remuneration and social security | 454/9 | €2,698 | €0 | -€2,698 | -100% |
| Other amounts payable | 47/48 | €6,349 | €6,808 | +€459 | +7.2% |
| Accrued charges and deferred income | 492/3 | €1,832 | €1,607 | -€225 | -12.3% |
| Non-recurring operating income | 76A | €2,500 | €0 | -€2,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,094 | €6,567 | +€3,472 | +112% |
| Other operating charges | 640/8 | €1,353 | €4,981 | +€3,628 | +268% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €11,380 | -€13,227 | -€24,607 | |
| Operating profit (loss) | 9901 | €6,932 | -€24,775 | -€31,708 | |
| Financial income | 75/76B | €1,777 | €992 | -€784 | -44.1% |
| Recurring financial income | 75 | €1,777 | €992 | -€784 | -44.1% |
| Financial charges | 65/66B | €779 | €635 | -€144 | -18.4% |
| Recurring financial charges | 65 | €779 | €635 | -€144 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €7,930 | -€24,418 | -€32,348 | |
| Income taxes | 67/77 | €2,566 | €232 | -€2,334 | -91.0% |
| Profit (loss) for the period | 9904 | €5,365 | -€24,650 | -€30,014 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,365 | -€24,650 | -€30,014 |
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.