SEBIMAT: 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.
SEBIMAT
Largest movements
- Receivables within one year -€557,096
down €557,096 (-25.4%), from €2.2m to €1.6m
of which Trade receivables: -€401,905
- Stocks and contracts +€249,500
new in 2024: €249,500
- Cash -€48,404
down €48,404 (-83.5%), from €57,948 to €9,544
mainly Trade debts (-€416,539) and Stocks and contracts (-€249,500)
- Trade debts -€416,539
down €416,539 (-92.2%), from €451,682 to €35,143
- Accrued charges and deferred income +€43,800
up €43,800 (+78.2%), from €56,000 to €99,800
- Gross operating margin +€128,992
up €128,992 (+70.4%), from €183,300 to €312,292
- Other operating charges +€73,219
up €73,219 (+461.6%), from €15,860 to €89,079
- Financial charges +€42,617
up €42,617 (+112.6%), from €37,833 to €80,450
- Taxes +€22,548
up €22,548 (+137.6%), from €16,387 to €38,935
- Staff costs +€20,586
up €20,586 (+34.8%), from €59,117 to €79,703
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,296,134 | €1,940,026 | -€356,108 | -15.5% |
| Fixed assets | 21/28 | €25,354 | €39,413 | +€14,059 | +55.4% |
| Tangible fixed assets | 22/27 | €13,475 | €27,534 | +€14,059 | +104.3% |
| Plant, machinery and equipment | 23 | €6,374 | €3,131 | -€3,243 | -50.9% |
| Furniture and vehicles | 24 | €6,808 | €24,210 | +€17,401 | +255.6% |
| Other tangible fixed assets | 26 | €293 | €193 | -€100 | -34.1% |
| Financial fixed assets | 28 | €11,879 | €11,879 | = | 0.0% |
| Current assets | 29/58 | €2,270,780 | €1,900,613 | -€370,167 | -16.3% |
| Stocks and contracts in progress | 3 | - | €249,500 | +€249,500 | |
| Stocks | 30/36 | - | €249,500 | +€249,500 | |
| Amounts receivable within one year | 40/41 | €2,193,907 | €1,636,811 | -€557,096 | -25.4% |
| Trade receivables | 40 | €1,505,882 | €1,103,978 | -€401,905 | -26.7% |
| Other amounts receivable | 41 | €688,025 | €532,833 | -€155,191 | -22.6% |
| Cash at bank and in hand | 54/58 | €57,948 | €9,544 | -€48,404 | -83.5% |
| Deferred charges and accrued income | 490/1 | €18,924 | €4,758 | -€14,167 | -74.9% |
| Total equity and liabilities | 10/49 | €2,296,134 | €1,940,026 | -€356,108 | -15.5% |
| Equity | 10/15 | €1,385,879 | €1,404,403 | +€18,525 | +1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,379,679 | €1,398,203 | +€18,525 | +1.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €415,100 | - | -€415,100 | |
| Distributable reserves | 133 | €962,724 | €1,396,348 | +€433,625 | +45.0% |
| Amounts payable | 17/49 | €910,256 | €535,623 | -€374,633 | -41.2% |
| Amounts payable within one year | 42/48 | €854,256 | €435,823 | -€418,433 | -49.0% |
| Current portion of amounts payable after more than one year | 42 | €389,635 | €379,367 | -€10,269 | -2.6% |
| Trade debts | 44 | €451,682 | €35,143 | -€416,539 | -92.2% |
| Suppliers | 440/4 | €451,682 | €35,143 | -€416,539 | -92.2% |
| Taxes, remuneration and social security | 45 | €11,338 | €19,713 | +€8,375 | +73.9% |
| Taxes | 450/3 | €1,222 | €1,222 | = | 0.0% |
| Remuneration and social security | 454/9 | €10,116 | €18,491 | +€8,375 | +82.8% |
| Other amounts payable | 47/48 | €1,600 | €1,600 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €56,000 | €99,800 | +€43,800 | +78.2% |
| Remuneration, social security and pensions | 62 | €59,117 | €79,703 | +€20,586 | +34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,636 | €12,981 | -€4,655 | -26.4% |
| Other operating charges | 640/8 | €15,860 | €89,079 | +€73,219 | +461.6% |
| Gross operating margin | 9900 | €183,300 | €312,292 | +€128,992 | +70.4% |
| Operating profit (loss) | 9901 | €90,687 | €130,529 | +€39,843 | +43.9% |
| Financial income | 75/76B | €5,438 | €8,981 | +€3,543 | +65.1% |
| Recurring financial income | 75 | €5,438 | €8,981 | +€3,543 | +65.1% |
| Financial charges | 65/66B | €37,833 | €80,450 | +€42,617 | +112.6% |
| Recurring financial charges | 65 | €37,833 | €80,450 | +€42,617 | +112.6% |
| Profit (loss) for the period before taxes | 9903 | €58,291 | €59,060 | +€768 | +1.3% |
| Income taxes | 67/77 | €16,387 | €38,935 | +€22,548 | +137.6% |
| Profit (loss) for the period | 9904 | €41,904 | €20,125 | -€21,780 | -52.0% |
| Transfer from tax-exempt reserves | 789 | - | €415,100 | +€415,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,904 | €435,225 | +€393,320 | +938.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.