Sébic: 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.
Sébic
Largest movements
- Stocks and contracts +€50,600
up €50,600 (+23.5%), from €214,980 to €265,580
- Receivables within one year -€39,431
down €39,431 (-65.4%), from €60,252 to €20,821
of which Trade receivables: -€39,431
- Tangible fixed assets -€18,931
down €18,931 (-13.6%), from €139,362 to €120,431
of which Land and buildings: -€13,398
- Trade debts -€29,312
down €29,312 (-96.9%), from €30,254 to €942
- Reserves +€22,967
up €22,967 (+86.1%), from €26,668 to €49,635
- Current portion of long-term debt -€21,094
down €21,094 (-84.6%), from €24,920 to €3,826
- Tax, wage and social debts +€14,411
up €14,411 (+41.3%), from €34,856 to €49,266
of which Taxes: +€11,730
- Other debts +€14,315
up €14,315 (+7.9%), from €181,494 to €195,809
- Gross operating margin +€52,729
up €52,729 (+67.6%), from €77,964 to €130,693
- Staff costs +€21,240
up €21,240 (+54.1%), from €39,259 to €60,499
- Taxes +€12,782
up €12,782 (+492%), from €2,599 to €15,380
- Financial charges -€7,417
down €7,417 (-67.3%), from €11,028 to €3,612
- Financial income +€3,585
up €3,585 (+219%), from €1,639 to €5,224
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 | €418,626 | €409,478 | -€9,148 | -2.2% |
| Fixed assets | 21/28 | €140,433 | €120,923 | -€19,511 | -13.9% |
| Intangible fixed assets | 21 | €709 | €129 | -€580 | -81.9% |
| Tangible fixed assets | 22/27 | €139,362 | €120,431 | -€18,931 | -13.6% |
| Land and buildings | 22 | €103,579 | €90,181 | -€13,398 | -12.9% |
| Plant, machinery and equipment | 23 | €1,895 | €4,736 | +€2,842 | +150% |
| Furniture and vehicles | 24 | €25,464 | €15,540 | -€9,924 | -39.0% |
| Other tangible fixed assets | 26 | €8,424 | €9,973 | +€1,549 | +18.4% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €278,193 | €288,555 | +€10,363 | +3.7% |
| Stocks and contracts in progress | 3 | €214,980 | €265,580 | +€50,600 | +23.5% |
| Stocks | 30/36 | €214,980 | €265,580 | +€50,600 | +23.5% |
| Amounts receivable within one year | 40/41 | €60,252 | €20,821 | -€39,431 | -65.4% |
| Trade receivables | 40 | €60,252 | €20,821 | -€39,431 | -65.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €31 | €1,085 | +€1,054 | +3,395% |
| Deferred charges and accrued income | 490/1 | €2,929 | €1,069 | -€1,860 | -63.5% |
| Total equity and liabilities | 10/49 | €418,626 | €409,478 | -€9,148 | -2.2% |
| Equity | 10/15 | €76,668 | €99,635 | +€22,967 | +30.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €26,668 | €49,635 | +€22,967 | +86.1% |
| Distributable reserves | 133 | €26,668 | €49,635 | +€22,967 | +86.1% |
| Amounts payable | 17/49 | €341,958 | €309,843 | -€32,115 | -9.4% |
| Amounts payable after more than one year | 17 | €3,826 | €0 | -€3,826 | -100% |
| Financial debts | 170/4 | €3,826 | €0 | -€3,826 | -100% |
| Amounts payable within one year | 42/48 | €331,523 | €309,843 | -€21,680 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €24,920 | €3,826 | -€21,094 | -84.6% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €30,254 | €942 | -€29,312 | -96.9% |
| Suppliers | 440/4 | €30,254 | €942 | -€29,312 | -96.9% |
| Advances received on contracts in progress | 46 | €10,000 | €10,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €34,856 | €49,266 | +€14,411 | +41.3% |
| Taxes | 450/3 | €30,159 | €41,889 | +€11,730 | +38.9% |
| Remuneration and social security | 454/9 | €4,697 | €7,377 | +€2,681 | +57.1% |
| Other amounts payable | 47/48 | €181,494 | €195,809 | +€14,315 | +7.9% |
| Accrued charges and deferred income | 492/3 | €6,609 | €0 | -€6,609 | -100% |
| Non-recurring operating income | 76A | €4,566 | €0 | -€4,566 | -100% |
| Remuneration, social security and pensions | 62 | €39,259 | €60,499 | +€21,240 | +54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,902 | €28,327 | -€575 | -2.0% |
| Other operating charges | 640/8 | €3,558 | €5,132 | +€1,574 | +44.2% |
| Gross operating margin | 9900 | €77,964 | €130,693 | +€52,729 | +67.6% |
| Operating profit (loss) | 9901 | €6,246 | €36,735 | +€30,489 | +488% |
| Financial income | 75/76B | €1,639 | €5,224 | +€3,585 | +219% |
| Recurring financial income | 75 | €1,639 | €5,224 | +€3,585 | +219% |
| Financial charges | 65/66B | €11,028 | €3,612 | -€7,417 | -67.3% |
| Recurring financial charges | 65 | €11,028 | €3,612 | -€7,417 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,144 | €38,348 | +€41,491 | |
| Income taxes | 67/77 | €2,599 | €15,380 | +€12,782 | +492% |
| Profit (loss) for the period | 9904 | -€5,742 | €22,967 | +€28,709 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,742 | €22,967 | +€28,709 |
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 18 October 2026 via checked.be.