SEBS CHAUFFAGE: 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.
SEBS CHAUFFAGE
Largest movements
- Cash +€49,133
up €49,133 (+142%), from €34,558 to €83,692
mainly Net result for the year (+€33,415) and Receivables within one year (+€16,062)
- Receivables within one year -€16,062
down €16,062 (-77.0%), from €20,866 to €4,804
of which Trade receivables: -€12,762
- Tangible fixed assets +€3,463
up €3,463 (+39.8%), from €8,699 to €12,162
- Reserves +€20,000
new in 2025: €20,000
- Profit (loss) carried forward +€13,415
up €13,415 (+24.5%), from €54,658 to €68,073
- Other debts +€1,063
up €1,063 (+23.6%), from €4,497 to €5,560
- Tax, wage and social debts +€1,044
up €1,044 (+57.5%), from €1,815 to €2,859
of which Taxes: +€1,044
- Gross operating margin +€26,242
up €26,242 (+101%), from €25,894 to €52,136
- Taxes +€9,095
up €9,095 (+178%), from €5,124 to €14,219
- Depreciation +€2,083
up €2,083 (+223%), from €932 to €3,016
- Other operating charges +€903
up €903 (+170%), from €530 to €1,433
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 | €65,558 | €102,000 | +€36,442 | +55.6% |
| Fixed assets | 21/28 | €8,759 | €12,222 | +€3,463 | +39.5% |
| Tangible fixed assets | 22/27 | €8,699 | €12,162 | +€3,463 | +39.8% |
| Furniture and vehicles | 24 | €8,699 | €12,162 | +€3,463 | +39.8% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €56,799 | €89,778 | +€32,979 | +58.1% |
| Amounts receivable within one year | 40/41 | €20,866 | €4,804 | -€16,062 | -77.0% |
| Trade receivables | 40 | €15,858 | €3,096 | -€12,762 | -80.5% |
| Other amounts receivable | 41 | €5,009 | €1,708 | -€3,300 | -65.9% |
| Cash at bank and in hand | 54/58 | €34,558 | €83,692 | +€49,133 | +142% |
| Deferred charges and accrued income | 490/1 | €1,374 | €1,282 | -€92 | -6.7% |
| Total equity and liabilities | 10/49 | €65,558 | €102,000 | +€36,442 | +55.6% |
| Equity | 10/15 | €56,658 | €90,073 | +€33,415 | +59.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €20,000 | +€20,000 | |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €54,658 | €68,073 | +€13,415 | +24.5% |
| Amounts payable | 17/49 | €8,900 | €11,927 | +€3,027 | +34.0% |
| Amounts payable within one year | 42/48 | €8,580 | €11,367 | +€2,787 | +32.5% |
| Trade debts | 44 | €2,268 | €2,948 | +€679 | +30.0% |
| Suppliers | 440/4 | €2,268 | €2,948 | +€679 | +30.0% |
| Taxes, remuneration and social security | 45 | €1,815 | €2,859 | +€1,044 | +57.5% |
| Taxes | 450/3 | €15 | €1,059 | +€1,044 | +7,059% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €4,497 | €5,560 | +€1,063 | +23.6% |
| Accrued charges and deferred income | 492/3 | €320 | €560 | +€240 | +75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €932 | €3,016 | +€2,083 | +223% |
| Other operating charges | 640/8 | €530 | €1,433 | +€903 | +170% |
| Gross operating margin | 9900 | €25,894 | €52,136 | +€26,242 | +101% |
| Operating profit (loss) | 9901 | €24,431 | €47,687 | +€23,256 | +95.2% |
| Financial income | 75/76B | €6 | €7 | +€1 | +9.2% |
| Recurring financial income | 75 | €6 | €7 | +€1 | +9.2% |
| Financial charges | 65/66B | €60 | €60 | +€0 | +0.1% |
| Recurring financial charges | 65 | €60 | €60 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €24,377 | €47,634 | +€23,257 | +95.4% |
| Income taxes | 67/77 | €5,124 | €14,219 | +€9,095 | +178% |
| Profit (loss) for the period | 9904 | €19,253 | €33,415 | +€14,161 | +73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,253 | €33,415 | +€14,161 | +73.6% |
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 31 October 2026 via checked.be.