SEBSKY DEVELOPMENT: 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.
SEBSKY DEVELOPMENT
Largest movements
- Cash +€22,603
up €22,603 (+39.3%), from €57,495 to €80,098
mainly Net result for the year (+€29,618) and Provisions (+€11,988)
- Receivables within one year +€7,401
up €7,401 (+9402.5%), from €79 to €7,479
of which Trade receivables: +€6,970
- Deferred charges and accrued income +€3,660
up €3,660 (+118.9%), from €3,077 to €6,737
- Provisions +€11,988
up €11,988 (+106.9%), from €11,213 to €23,200
- Reserves +€10,000
up €10,000 (+57.0%), from €17,534 to €27,534
- Other debts +€8,658
up €8,658 (+43.6%), from €19,871 to €28,529
- Tax, wage and social debts +€3,290
up €3,290 (+62.1%), from €5,297 to €8,587
- Gross operating margin +€37,830
up €37,830 (+123.3%), from €30,685 to €68,515
- Provisions +€23,462
up €23,462, from -€11,474 to €11,988
- Financial charges -€16,133
down €16,133 (-54.3%), from €29,699 to €13,566
- Taxes +€11,269
up €11,269 (+1005.0%), from €1,121 to €12,390
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 | €61,447 | €95,104 | +€33,657 | +54.8% |
| Fixed assets | 21/28 | €796 | €789 | -€7 | -0.9% |
| Tangible fixed assets | 22/27 | €796 | €789 | -€7 | -0.9% |
| Furniture and vehicles | 24 | €796 | €789 | -€7 | -0.9% |
| Current assets | 29/58 | €60,651 | €94,315 | +€33,664 | +55.5% |
| Amounts receivable within one year | 40/41 | €79 | €7,479 | +€7,401 | +9402.5% |
| Trade receivables | 40 | - | €6,970 | +€6,970 | |
| Other amounts receivable | 41 | €79 | €510 | +€431 | +547.7% |
| Cash at bank and in hand | 54/58 | €57,495 | €80,098 | +€22,603 | +39.3% |
| Deferred charges and accrued income | 490/1 | €3,077 | €6,737 | +€3,660 | +118.9% |
| Total equity and liabilities | 10/49 | €61,447 | €95,104 | +€33,657 | +54.8% |
| Equity | 10/15 | €24,375 | €33,993 | +€9,618 | +39.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €17,534 | €27,534 | +€10,000 | +57.0% |
| Distributable reserves | 133 | €17,534 | €27,534 | +€10,000 | +57.0% |
| Profit (loss) carried forward | 14 | €841 | €459 | -€382 | -45.4% |
| Provisions and deferred taxes | 16 | €11,213 | €23,200 | +€11,988 | +106.9% |
| Provisions for liabilities and charges | 160/5 | €11,213 | €23,200 | +€11,988 | +106.9% |
| Other liabilities and charges | 164/5 | €11,213 | €23,200 | +€11,988 | +106.9% |
| Amounts payable | 17/49 | €25,859 | €37,910 | +€12,051 | +46.6% |
| Amounts payable within one year | 42/48 | €25,859 | €37,910 | +€12,051 | +46.6% |
| Trade debts | 44 | €691 | €794 | +€103 | +14.9% |
| Suppliers | 440/4 | €691 | €794 | +€103 | +14.9% |
| Taxes, remuneration and social security | 45 | €5,297 | €8,587 | +€3,290 | +62.1% |
| Taxes | 450/3 | €5,297 | €8,587 | +€3,290 | +62.1% |
| Other amounts payable | 47/48 | €19,871 | €28,529 | +€8,658 | +43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €661 | €637 | -€24 | -3.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€11,474 | €11,988 | +€23,462 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €30,685 | €68,515 | +€37,830 | +123.3% |
| Operating profit (loss) | 9901 | €41,111 | €55,490 | +€14,379 | +35.0% |
| Financial income | 75/76B | - | €84 | +€84 | |
| Recurring financial income | 75 | - | €84 | +€84 | |
| Financial charges | 65/66B | €29,699 | €13,566 | -€16,133 | -54.3% |
| Recurring financial charges | 65 | €29,699 | €13,566 | -€16,133 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | €11,412 | €42,008 | +€30,596 | +268.1% |
| Income taxes | 67/77 | €1,121 | €12,390 | +€11,269 | +1005.0% |
| Profit (loss) for the period | 9904 | €10,291 | €29,618 | +€19,327 | +187.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,291 | €29,618 | +€19,327 | +187.8% |
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 9 October 2026 via checked.be.