SEBIMA: what changed
Two fiscal 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.
SEBIMA
Largest movements
- Tangible fixed assets -€87,231
down €87,231 (-9.6%), from €904,058 to €816,828
of which Land and buildings: -€76,660
- Financial fixed assets -€86,154
down €86,154 (-16.8%), from €511,713 to €425,559
- Other debts -€228,126
down €228,126 (-25.0%), from €913,165 to €685,040
- Profit (loss) carried forward +€125,558
up €125,558 (+44.4%), from -€282,979 to -€157,421
- Debts after one year -€51,168
down €51,168 (-15.7%), from €326,088 to €274,920
of which Financial debts: -€54,668
- Gross operating margin +€148,718
up €148,718 (+187.7%), from €79,251 to €227,969
- Financial charges +€32,216
up €32,216 (+155.7%), from €20,692 to €52,907
- Financial income +€13,846
new in 2025: €13,846
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 | €1,458,528 | €1,307,496 | -€151,032 | -10.4% |
| Fixed assets | 21/28 | €1,415,771 | €1,242,386 | -€173,385 | -12.2% |
| Tangible fixed assets | 22/27 | €904,058 | €816,828 | -€87,231 | -9.6% |
| Land and buildings | 22 | €824,349 | €747,689 | -€76,660 | -9.3% |
| Plant, machinery and equipment | 23 | €79,710 | €69,139 | -€10,571 | -13.3% |
| Financial fixed assets | 28 | €511,713 | €425,559 | -€86,154 | -16.8% |
| Current assets | 29/58 | €42,757 | €65,110 | +€22,353 | +52.3% |
| Amounts receivable within one year | 40/41 | €6,560 | €15,091 | +€8,532 | +130.1% |
| Trade receivables | 40 | €3,185 | €11,716 | +€8,532 | +267.9% |
| Other amounts receivable | 41 | €3,375 | €3,375 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,121 | €49,944 | +€13,823 | +38.3% |
| Deferred charges and accrued income | 490/1 | €76 | €75 | -€1 | -1.8% |
| Total equity and liabilities | 10/49 | €1,458,528 | €1,307,496 | -€151,032 | -10.4% |
| Equity | 10/15 | €167,021 | €292,579 | +€125,558 | +75.2% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€282,979 | -€157,421 | +€125,558 | +44.4% |
| Amounts payable | 17/49 | €1,291,507 | €1,014,918 | -€276,590 | -21.4% |
| Amounts payable after more than one year | 17 | €326,088 | €274,920 | -€51,168 | -15.7% |
| Financial debts | 170/4 | €316,782 | €262,114 | -€54,668 | -17.3% |
| Other amounts payable | 178/9 | €9,306 | €12,806 | +€3,500 | +37.6% |
| Amounts payable within one year | 42/48 | €965,419 | €739,997 | -€225,421 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €52,146 | €54,668 | +€2,522 | +4.8% |
| Trade debts | 44 | €108 | €290 | +€182 | +169.2% |
| Suppliers | 440/4 | €108 | €290 | +€182 | +169.2% |
| Other amounts payable | 47/48 | €913,165 | €685,040 | -€228,126 | -25.0% |
| Non-recurring operating income | 76A | - | €108,383 | +€108,383 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,614 | €45,614 | = | 0.0% |
| Other operating charges | 640/8 | €16,973 | €17,736 | +€763 | +4.5% |
| Gross operating margin | 9900 | €79,251 | €227,969 | +€148,718 | +187.7% |
| Operating profit (loss) | 9901 | €16,664 | €164,619 | +€147,955 | +887.9% |
| Financial income | 75/76B | - | €13,846 | +€13,846 | |
| Recurring financial income | 75 | - | €13,846 | +€13,846 | |
| Financial charges | 65/66B | €20,692 | €52,907 | +€32,216 | +155.7% |
| Recurring financial charges | 65 | €20,692 | €52,907 | +€32,216 | +155.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,028 | €125,558 | +€129,586 | |
| Profit (loss) for the period | 9904 | -€4,028 | €125,558 | +€129,586 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,028 | €125,558 | +€129,586 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.