SebTrack: 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.
SebTrack
Largest movements
- Tangible fixed assets -€29,186
down €29,186 (-39.7%), from €73,531 to €44,345
of which Land and buildings: -€27,896
- Cash -€4,210
down €4,210 (-74.5%), from €5,648 to €1,438
mainly Debts after one year (-€23,024) and Net result for the year (-€16,680)
- Deferred charges and accrued income -€1,255
down €1,255 (-28.2%), from €4,456 to €3,201
- Debts after one year -€23,024
down €23,024 (-45.2%), from €50,973 to €27,949
- Profit (loss) carried forward -€16,680
down €16,680, from €511 to -€16,169
- Other debts +€3,303
up €3,303 (+42.2%), from €7,825 to €11,129
- Trade debts +€3,010
up €3,010 (+84.1%), from €3,581 to €6,591
- Tax, wage and social debts -€2,739
down €2,739 (-31.2%), from €8,789 to €6,051
- Gross operating margin -€32,662
down €32,662 (-57.8%), from €56,536 to €23,874
- Taxes -€3,034
down €3,034 (-89.8%), from €3,377 to €343
- Other operating charges -€1,874
down €1,874 (-31.8%), from €5,887 to €4,013
- Financial charges -€1,662
down €1,662 (-20.3%), from €8,201 to €6,539
- Depreciation -€596
down €596 (-2.0%), from €30,255 to €29,659
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 | €108,135 | €72,834 | -€35,301 | -32.6% |
| Fixed assets | 21/28 | €73,831 | €44,645 | -€29,186 | -39.5% |
| Tangible fixed assets | 22/27 | €73,531 | €44,345 | -€29,186 | -39.7% |
| Land and buildings | 22 | €63,036 | €35,140 | -€27,896 | -44.3% |
| Furniture and vehicles | 24 | €1,210 | €1,267 | +€57 | +4.7% |
| Other tangible fixed assets | 26 | €9,285 | €7,938 | -€1,346 | -14.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €34,304 | €28,189 | -€6,115 | -17.8% |
| Amounts receivable within one year | 40/41 | €24,200 | €23,550 | -€650 | -2.7% |
| Trade receivables | 40 | €24,200 | €23,550 | -€650 | -2.7% |
| Cash at bank and in hand | 54/58 | €5,648 | €1,438 | -€4,210 | -74.5% |
| Deferred charges and accrued income | 490/1 | €4,456 | €3,201 | -€1,255 | -28.2% |
| Total equity and liabilities | 10/49 | €108,135 | €72,834 | -€35,301 | -32.6% |
| Equity | 10/15 | €14,771 | -€1,909 | -€16,680 | |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €511 | -€16,169 | -€16,680 | |
| Amounts payable | 17/49 | €93,364 | €74,744 | -€18,621 | -19.9% |
| Amounts payable after more than one year | 17 | €50,973 | €27,949 | -€23,024 | -45.2% |
| Financial debts | 170/4 | €50,973 | €27,949 | -€23,024 | -45.2% |
| Amounts payable within one year | 42/48 | €42,391 | €46,795 | +€4,403 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €22,196 | €23,024 | +€828 | +3.7% |
| Trade debts | 44 | €3,581 | €6,591 | +€3,010 | +84.1% |
| Suppliers | 440/4 | €3,581 | €6,591 | +€3,010 | +84.1% |
| Taxes, remuneration and social security | 45 | €8,789 | €6,051 | -€2,739 | -31.2% |
| Taxes | 450/3 | €8,789 | €6,051 | -€2,739 | -31.2% |
| Other amounts payable | 47/48 | €7,825 | €11,129 | +€3,303 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,255 | €29,659 | -€596 | -2.0% |
| Other operating charges | 640/8 | €5,887 | €4,013 | -€1,874 | -31.8% |
| Gross operating margin | 9900 | €56,536 | €23,874 | -€32,662 | -57.8% |
| Operating profit (loss) | 9901 | €20,395 | -€9,798 | -€30,192 | |
| Financial charges | 65/66B | €8,201 | €6,539 | -€1,662 | -20.3% |
| Recurring financial charges | 65 | €8,201 | €6,539 | -€1,662 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €12,193 | -€16,337 | -€28,530 | |
| Income taxes | 67/77 | €3,377 | €343 | -€3,034 | -89.8% |
| Profit (loss) for the period | 9904 | €8,816 | -€16,680 | -€25,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,816 | -€16,680 | -€25,496 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.