Seeben: 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.
What changed
Seeben
NACE 46.649, Wholesale of other machinery and equipment
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€170,725
2024 · €326,708-€155,983
Equity
€4.3m
2024 · €4.1m+€170,725
Cash
€249,711
2024 · €127,429+€122,283
Balance sheet total
€10.1m
2024 · €9.4m+€702,168
Largest movements
Assets
- Stocks and contracts +€542,226
up €542,226 (+8.6%), from €6.3m to €6.9m
- Receivables within one year +€323,018
up €323,018 (+17.9%), from €1.8m to €2.1m
of which Trade receivables: +€223,674
- Receivables after one year -€290,172
down €290,172 (-42.1%), from €688,763 to €398,591
- Cash +€122,283
up €122,283 (+96.0%), from €127,429 to €249,711
mainly Short-term financial debts (+€540,000) and Receivables after one year (+€290,172)
Equity and liabilities
- Short-term financial debts +€540,000
up €540,000 (+15.0%), from €3.6m to €4.1m
- Trade debts +€217,162
up €217,162 (+33.6%), from €646,737 to €863,899
- Advances received -€182,207
no longer reported in 2025 (was €182,207)
- Profit (loss) carried forward +€162,189
up €162,189 (+11.8%), from €1.4m to €1.5m
Income statement
- Turnover -€1.1m
down €1.1m (-13.4%), from €7.9m to €6.8m
- Goods and materials -€915,622
down €915,622 (-18.3%), from €5.0m to €4.1m
of which Purchases: -€3.5m
- Taxes -€297,642
down €297,642, from €249,895 to -€47,746
of which Taxes: -€149,896
- Other operating income -€129,643
down €129,643 (-39.2%), from €331,065 to €201,422
- Services and other goods -€106,110
down €106,110 (-7.9%), from €1.3m to €1.2m
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.
Result 2024
€326,708
Turnover
-€1.1m
Other operating income
-€129,643
Goods and materials
+€915,622
Services and other goods
+€106,110
Staff costs
-€58,955
Depreciation
+€3,188
Write-downs
-€10,187
Other operating charges
-€100,922
Other operating items
-€99,835
Financial income
+€28,893
Financial charges
-€49,634
Taxes
+€297,642
Result 2025
€170,725
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.
From operations
-€228,385
Investment
-€176,300
Financing
+€526,968
Cash 2024
€127,429
From operations (derived)
-€228,385
Net result for the year
+€170,725
Depreciation
+€103,908
Receivables after one year
+€290,172
Stocks and contracts
-€542,226
Receivables within one year
-€323,018
Deferred charges and accrued income
+€67,578
Trade debts
+€217,162
Tax, wage and social debts
-€34,110
Advances received
-€182,207
Other debts
+€10,954
Accrued charges and deferred income
-€7,322
Investment (derived)
-€176,300
Investment in fixed assets (net)
-€176,300
Financing
+€526,968
Debts after one year
-€13,317
Current portion of long-term debt
+€284
Short-term financial debts
+€540,000
Cash 2025
€249,711
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,359,346 | €10,061,515 | +€702,168 | +7.5% |
| Fixed assets | 21/28 | €286,239 | €358,632 | +€72,392 | +25.3% |
| Intangible fixed assets | 21 | €27,220 | €16,419 | -€10,801 | -39.7% |
| Tangible fixed assets | 22/27 | €193,019 | €292,213 | +€99,193 | +51.4% |
| Plant, machinery and equipment | 23 | €93,880 | €74,470 | -€19,410 | -20.7% |
| Furniture and vehicles | 24 | €54,472 | €131,059 | +€76,587 | +140.6% |
| Other tangible fixed assets | 26 | €44,667 | €86,684 | +€42,017 | +94.1% |
| Financial fixed assets | 28 | €66,000 | €50,000 | -€16,000 | -24.2% |
| Other financial fixed assets | 284/8 | €66,000 | €50,000 | -€16,000 | -24.2% |
| Amounts receivable and cash guarantees | 285/8 | €66,000 | €50,000 | -€16,000 | -24.2% |
| Current assets | 29/58 | €9,073,107 | €9,702,883 | +€629,776 | +6.9% |
| Amounts receivable after more than one year | 29 | €688,763 | €398,591 | -€290,172 | -42.1% |
| Trade receivables | 290 | €688,763 | €398,591 | -€290,172 | -42.1% |
| Stocks and contracts in progress | 3 | €6,328,815 | €6,871,041 | +€542,226 | +8.6% |
| Stocks | 30/36 | €6,328,815 | €6,871,041 | +€542,226 | +8.6% |
| Goods purchased for resale | 34 | €6,328,815 | €6,871,041 | +€542,226 | +8.6% |
| Amounts receivable within one year | 40/41 | €1,806,984 | €2,130,002 | +€323,018 | +17.9% |
| Trade receivables | 40 | €1,503,428 | €1,727,102 | +€223,674 | +14.9% |
| Other amounts receivable | 41 | €303,556 | €402,899 | +€99,344 | +32.7% |
| Cash at bank and in hand | 54/58 | €127,429 | €249,711 | +€122,283 | +96.0% |
| Deferred charges and accrued income | 490/1 | €121,117 | €53,539 | -€67,578 | -55.8% |
| Total equity and liabilities | 10/49 | €9,359,346 | €10,061,515 | +€702,168 | +7.5% |
| Equity | 10/15 | €4,082,943 | €4,253,668 | +€170,725 | +4.2% |
| Contributions | 10/11 | €2,300,000 | €2,300,000 | = | 0.0% |
| Capital | 10 | €2,300,000 | €2,300,000 | = | 0.0% |
| Issued capital | 100 | €2,300,000 | €2,300,000 | = | 0.0% |
| Reserves | 13 | €410,140 | €418,676 | +€8,536 | +2.1% |
| Non-distributable reserves | 130/1 | €210,140 | €218,676 | +€8,536 | +4.1% |
| Legal reserve | 130 | €210,140 | €218,676 | +€8,536 | +4.1% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,372,803 | €1,534,992 | +€162,189 | +11.8% |
| Amounts payable | 17/49 | €5,276,403 | €5,807,847 | +€531,443 | +10.1% |
| Amounts payable after more than one year | 17 | €160,367 | €147,051 | -€13,317 | -8.3% |
| Financial debts | 170/4 | €88,145 | €74,828 | -€13,317 | -15.1% |
| Credit institutions | 173 | €88,145 | €74,828 | -€13,317 | -15.1% |
| Other amounts payable | 178/9 | €72,223 | €72,223 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,086,591 | €5,638,674 | +€552,082 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €13,032 | €13,317 | +€284 | +2.2% |
| Financial debts | 43 | €3,600,000 | €4,140,000 | +€540,000 | +15.0% |
| Other loans | 439 | €3,600,000 | €4,140,000 | +€540,000 | +15.0% |
| Trade debts | 44 | €646,737 | €863,899 | +€217,162 | +33.6% |
| Suppliers | 440/4 | €646,737 | €863,899 | +€217,162 | +33.6% |
| Advances received on contracts in progress | 46 | €182,207 | - | -€182,207 | |
| Taxes, remuneration and social security | 45 | €96,918 | €62,808 | -€34,110 | -35.2% |
| Taxes | 450/3 | €49,661 | - | -€49,661 | |
| Remuneration and social security | 454/9 | €47,257 | €62,808 | +€15,551 | +32.9% |
| Other amounts payable | 47/48 | €547,696 | €558,650 | +€10,954 | +2.0% |
| Accrued charges and deferred income | 492/3 | €29,445 | €22,123 | -€7,322 | -24.9% |
| Operating income | 70/76A | €8,214,496 | €7,026,592 | -€1.2m | -14.5% |
| Turnover | 70 | €7,883,430 | €6,825,170 | -€1.1m | -13.4% |
| Other operating income | 74 | €331,065 | €201,422 | -€129,643 | -39.2% |
| Operating charges | 60/66A | €7,545,520 | €6,790,499 | -€755,021 | -10.0% |
| Goods for resale, raw materials and consumables | 60 | €5,013,249 | €4,097,626 | -€915,622 | -18.3% |
| Purchases | 600/8 | €8,587,473 | €5,107,412 | -€3.5m | -40.5% |
| Change in stocks: decrease (increase) | 609 | -€3,574,224 | -€1,009,785 | +€2.6m | +71.7% |
| Services and other goods | 61 | €1,345,323 | €1,239,213 | -€106,110 | -7.9% |
| Remuneration, social security and pensions | 62 | €563,698 | €622,653 | +€58,955 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,096 | €103,908 | -€3,188 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €485,486 | €495,673 | +€10,187 | +2.1% |
| Other operating charges | 640/8 | €27,107 | €128,029 | +€100,922 | +372.3% |
| Non-recurring operating charges | 66A | €3,562 | €103,397 | +€99,835 | +2802.9% |
| Operating profit (loss) | 9901 | €668,976 | €236,093 | -€432,883 | -64.7% |
| Financial income | 75/76B | €64,716 | €93,608 | +€28,893 | +44.6% |
| Recurring financial income | 75 | €62,216 | €93,608 | +€31,393 | +50.5% |
| Income from current assets | 751 | €21,397 | €76,020 | +€54,623 | +255.3% |
| Other financial income | 752/9 | €40,819 | €17,589 | -€23,230 | -56.9% |
| Non-recurring financial income | 76B | €2,500 | - | -€2,500 | |
| Financial charges | 65/66B | €157,088 | €206,723 | +€49,634 | +31.6% |
| Recurring financial charges | 65 | €157,088 | €206,723 | +€49,634 | +31.6% |
| Debt charges | 650 | €141,941 | €160,420 | +€18,479 | +13.0% |
| Other financial charges | 652/9 | €15,147 | €46,303 | +€31,156 | +205.7% |
| Profit (loss) for the period before taxes | 9903 | €576,603 | €122,979 | -€453,625 | -78.7% |
| Income taxes | 67/77 | €249,895 | -€47,746 | -€297,642 | |
| Taxes | 670/3 | €249,896 | €100,000 | -€149,896 | -60.0% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €147,746 | +€147,746 | +49248636.7% |
| Profit (loss) for the period | 9904 | €326,708 | €170,725 | -€155,983 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €326,708 | €170,725 | -€155,983 | -47.7% |
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 12 October 2026 via checked.be.