SEBRUCO: 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.
SEBRUCO
Largest movements
- Tangible fixed assets -€3,629
down €3,629 (-4.6%), from €78,450 to €74,821
of which Land and buildings: -€3,629
- Other debts -€3,282
down €3,282 (-32.0%), from €10,256 to €6,974
- Profit (loss) carried forward -€917
down €917, from €18 to -€899
- Gross operating margin +€434
up €434 (+13.6%), from €3,181 to €3,615
- Financial charges +€89
new in 2025: €89
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 | €78,473 | €74,825 | -€3,648 | -4.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €78,450 | €74,821 | -€3,629 | -4.6% |
| Tangible fixed assets | 22/27 | €78,450 | €74,821 | -€3,629 | -4.6% |
| Land and buildings | 22 | €78,450 | €74,821 | -€3,629 | -4.6% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Current assets | 29/58 | €23 | €4 | -€19 | -82.0% |
| Cash at bank and in hand | 54/58 | €23 | €4 | -€19 | -82.0% |
| Total equity and liabilities | 10/49 | €78,473 | €74,825 | -€3,648 | -4.6% |
| Equity | 10/15 | €68,218 | €67,301 | -€917 | -1.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18 | -€899 | -€917 | |
| Amounts payable | 17/49 | €10,256 | €7,524 | -€2,732 | -26.6% |
| Amounts payable within one year | 42/48 | €10,256 | €7,524 | -€2,732 | -26.6% |
| Trade debts | 44 | - | €550 | +€550 | |
| Suppliers | 440/4 | - | €550 | +€550 | |
| Other amounts payable | 47/48 | €10,256 | €6,974 | -€3,282 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,629 | €3,629 | = | 0.0% |
| Other operating charges | 640/8 | €805 | €829 | +€24 | +3.0% |
| Gross operating margin | 9900 | €3,181 | €3,615 | +€434 | +13.6% |
| Operating profit (loss) | 9901 | -€1,253 | -€843 | +€410 | +32.7% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | - | €89 | +€89 | |
| Recurring financial charges | 65 | - | €89 | +€89 | |
| Profit (loss) for the period before taxes | 9903 | -€1,253 | -€917 | +€337 | +26.9% |
| Profit (loss) for the period | 9904 | -€1,253 | -€917 | +€337 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,253 | -€917 | +€337 | +26.9% |
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 7 October 2026 via checked.be.