SEBY CONSTRUCT: 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.
SEBY CONSTRUCT
Largest movements
- Receivables within one year +€24,594
up €24,594 (+173%), from €14,182 to €38,776
of which Trade receivables: +€30,308
- Deferred charges and accrued income +€1,211
new in 2025: €1,211
- Tangible fixed assets -€771
down €771 (-30.9%), from €2,498 to €1,726
- Cash +€546
up €546 (+1,510%), from €36 to €582
mainly Net result for the year (+€37,201) and Tax, wage and social debts (+€6,439)
- Profit (loss) carried forward +€37,201
up €37,201, from -€20,462 to €16,739
- Other debts -€19,778
down €19,778 (-80.5%), from €24,554 to €4,777
- Tax, wage and social debts +€6,439
new in 2025: €6,439
- Trade debts +€1,717
up €1,717 (+15.4%), from €11,123 to €12,840
- Gross operating margin +€69,851
up €69,851, from -€18,214 to €51,637
- Other operating charges +€6,475
up €6,475 (+3,170%), from €204 to €6,679
- Taxes +€4,430
new in 2025: €4,430
- Financial charges +€1,085
up €1,085 (+67.7%), from €1,603 to €2,688
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 | €16,715 | €42,295 | +€25,580 | +153% |
| Fixed assets | 21/28 | €2,498 | €1,726 | -€771 | -30.9% |
| Tangible fixed assets | 22/27 | €2,498 | €1,726 | -€771 | -30.9% |
| Furniture and vehicles | 24 | €2,498 | €1,726 | -€771 | -30.9% |
| Current assets | 29/58 | €14,218 | €40,569 | +€26,351 | +185% |
| Amounts receivable within one year | 40/41 | €14,182 | €38,776 | +€24,594 | +173% |
| Trade receivables | 40 | €8,468 | €38,776 | +€30,308 | +358% |
| Other amounts receivable | 41 | €5,714 | - | -€5,714 | |
| Cash at bank and in hand | 54/58 | €36 | €582 | +€546 | +1,510% |
| Deferred charges and accrued income | 490/1 | - | €1,211 | +€1,211 | |
| Total equity and liabilities | 10/49 | €16,715 | €42,295 | +€25,580 | +153% |
| Equity | 10/15 | -€18,962 | €18,239 | +€37,201 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,462 | €16,739 | +€37,201 | |
| Amounts payable | 17/49 | €35,677 | €24,056 | -€11,622 | -32.6% |
| Amounts payable within one year | 42/48 | €35,677 | €24,056 | -€11,622 | -32.6% |
| Trade debts | 44 | €11,123 | €12,840 | +€1,717 | +15.4% |
| Suppliers | 440/4 | €11,123 | €12,840 | +€1,717 | +15.4% |
| Taxes, remuneration and social security | 45 | - | €6,439 | +€6,439 | |
| Taxes | 450/3 | - | €6,439 | +€6,439 | |
| Other amounts payable | 47/48 | €24,554 | €4,777 | -€19,778 | -80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €572 | €771 | +€199 | +34.8% |
| Other operating charges | 640/8 | €204 | €6,679 | +€6,475 | +3,170% |
| Gross operating margin | 9900 | -€18,214 | €51,637 | +€69,851 | |
| Operating profit (loss) | 9901 | -€18,991 | €44,187 | +€63,178 | |
| Financial income | 75/76B | €132 | €132 | -€0 | 0.0% |
| Recurring financial income | 75 | €132 | €132 | -€0 | 0.0% |
| Financial charges | 65/66B | €1,603 | €2,688 | +€1,085 | +67.7% |
| Recurring financial charges | 65 | €1,603 | €2,688 | +€1,085 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,462 | €41,631 | +€62,093 | |
| Income taxes | 67/77 | - | €4,430 | +€4,430 | |
| Profit (loss) for the period | 9904 | -€20,462 | €37,201 | +€57,663 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,462 | €37,201 | +€57,663 |
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 14 October 2026 via checked.be.