Sebol: 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.
Sebol
Largest movements
- Financial fixed assets -€33,000
no longer reported in 2025 (was €33,000)
- Receivables within one year -€30,029
down €30,029 (-31.0%), from €97,013 to €66,984
- Cash +€3,585
new in 2025: €3,585
mainly Investment in fixed assets (net) (+€30,646) and Receivables within one year (+€30,029)
- Other debts -€98,853
down €98,853 (-99.0%), from €99,821 to €968
- Reserves +€28,837
up €28,837 (+1021.5%), from €2,823 to €31,660
of which Distributable reserves: +€28,837
- Tax, wage and social debts +€10,393
up €10,393 (+76.2%), from €13,638 to €24,031
- Purchases and services +€15,417
up €15,417 (+83.5%), from €18,471 to €33,888
- Taxes +€14,711
up €14,711 (+486.0%), from €3,027 to €17,738
- Turnover +€7,800
up €7,800 (+10.4%), from €75,000 to €82,800
- Gross operating margin -€7,617
down €7,617 (-13.5%), from €56,529 to €48,912
- Financial income -€1,215
down €1,215 (-26.6%), from €4,575 to €3,360
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 | €135,502 | €75,834 | -€59,668 | -44.0% |
| Fixed assets | 21/28 | €37,310 | €3,609 | -€33,701 | -90.3% |
| Tangible fixed assets | 22/27 | €4,310 | €3,609 | -€701 | -16.3% |
| Furniture and vehicles | 24 | €4,310 | €3,609 | -€701 | -16.3% |
| Financial fixed assets | 28 | €33,000 | - | -€33,000 | |
| Current assets | 29/58 | €98,192 | €72,225 | -€25,967 | -26.4% |
| Amounts receivable within one year | 40/41 | €97,013 | €66,984 | -€30,029 | -31.0% |
| Other amounts receivable | 41 | €97,013 | €66,984 | -€30,029 | -31.0% |
| Cash at bank and in hand | 54/58 | - | €3,585 | +€3,585 | |
| Deferred charges and accrued income | 490/1 | €1,179 | €1,656 | +€477 | +40.5% |
| Total equity and liabilities | 10/49 | €135,502 | €75,834 | -€59,668 | -44.0% |
| Equity | 10/15 | €21,373 | €50,210 | +€28,837 | +134.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,823 | €31,660 | +€28,837 | +1021.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €968 | €29,805 | +€28,837 | +2979.0% |
| Amounts payable | 17/49 | €114,129 | €25,624 | -€88,505 | -77.5% |
| Amounts payable within one year | 42/48 | €113,620 | €25,104 | -€88,516 | -77.9% |
| Trade debts | 44 | €161 | €105 | -€56 | -34.8% |
| Suppliers | 440/4 | €161 | €105 | -€56 | -34.8% |
| Taxes, remuneration and social security | 45 | €13,638 | €24,031 | +€10,393 | +76.2% |
| Taxes | 450/3 | €13,638 | €24,031 | +€10,393 | +76.2% |
| Other amounts payable | 47/48 | €99,821 | €968 | -€98,853 | -99.0% |
| Accrued charges and deferred income | 492/3 | €509 | €520 | +€11 | +2.2% |
| Turnover | 70 | €75,000 | €82,800 | +€7,800 | +10.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,471 | €33,888 | +€15,417 | +83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,271 | €3,055 | +€784 | +34.5% |
| Other operating charges | 640/8 | €1,653 | €1,469 | -€184 | -11.1% |
| Non-recurring operating charges | 66A | €64,918 | - | -€64,918 | |
| Gross operating margin | 9900 | €56,529 | €48,912 | -€7,617 | -13.5% |
| Operating profit (loss) | 9901 | -€12,313 | €44,388 | +€56,701 | |
| Financial income | 75/76B | €4,575 | €3,360 | -€1,215 | -26.6% |
| Recurring financial income | 75 | €4,575 | €3,360 | -€1,215 | -26.6% |
| Financial charges | 65/66B | €239 | €205 | -€34 | -14.2% |
| Recurring financial charges | 65 | €239 | €205 | -€34 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,977 | €47,543 | +€55,520 | |
| Income taxes | 67/77 | €3,027 | €17,738 | +€14,711 | +486.0% |
| Profit (loss) for the period | 9904 | -€11,004 | €29,805 | +€40,809 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,004 | €29,805 | +€40,809 |
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 11 October 2026 via checked.be.