SeeEagle: 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.
SeeEagle
Largest movements
- Receivables within one year -€9,068
down €9,068 (-38.8%), from €23,384 to €14,316
of which Trade receivables: -€9,409
- Cash +€7,275
up €7,275 (+20.4%), from €35,582 to €42,856
mainly Net result for the year (+€18,528) and Receivables within one year (+€9,068)
- Deferred charges and accrued income -€1,099
down €1,099 (-12.5%), from €8,793 to €7,694
- Tangible fixed assets -€920
down €920 (-48.1%), from €1,914 to €993
- Reserves +€13,128
up €13,128 (+231.1%), from €5,682 to €18,810
- Other debts -€12,600
down €12,600 (-70.0%), from €18,000 to €5,400
- Tax, wage and social debts -€5,395
down €5,395 (-44.8%), from €12,055 to €6,659
of which Remuneration and social security: -€2,771
- Trade debts +€756
up €756 (+149.4%), from €506 to €1,261
- Gross operating margin -€10,528
down €10,528 (-26.0%), from €40,458 to €29,930
- Other operating charges -€4,484
down €4,484 (-89.5%), from €5,013 to €528
- Financial charges -€967
down €967 (-26.9%), from €3,598 to €2,631
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 | €69,852 | €66,040 | -€3,812 | -5.5% |
| Fixed assets | 21/28 | €2,094 | €1,173 | -€920 | -44.0% |
| Tangible fixed assets | 22/27 | €1,914 | €993 | -€920 | -48.1% |
| Plant, machinery and equipment | 23 | €1,914 | €993 | -€920 | -48.1% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €67,759 | €64,867 | -€2,892 | -4.3% |
| Amounts receivable within one year | 40/41 | €23,384 | €14,316 | -€9,068 | -38.8% |
| Trade receivables | 40 | €23,232 | €13,823 | -€9,409 | -40.5% |
| Other amounts receivable | 41 | €152 | €493 | +€341 | +224.6% |
| Cash at bank and in hand | 54/58 | €35,582 | €42,856 | +€7,275 | +20.4% |
| Deferred charges and accrued income | 490/1 | €8,793 | €7,694 | -€1,099 | -12.5% |
| Total equity and liabilities | 10/49 | €69,852 | €66,040 | -€3,812 | -5.5% |
| Equity | 10/15 | €39,292 | €52,420 | +€13,128 | +33.4% |
| Contributions | 10/11 | €30,800 | €30,800 | = | 0.0% |
| Reserves | 13 | €5,682 | €18,810 | +€13,128 | +231.1% |
| Distributable reserves | 133 | €5,682 | €18,810 | +€13,128 | +231.1% |
| Profit (loss) carried forward | 14 | €2,810 | €2,810 | = | 0.0% |
| Amounts payable | 17/49 | €30,560 | €13,620 | -€16,941 | -55.4% |
| Amounts payable within one year | 42/48 | €30,560 | €13,321 | -€17,240 | -56.4% |
| Trade debts | 44 | €506 | €1,261 | +€756 | +149.4% |
| Suppliers | 440/4 | €506 | €1,261 | +€756 | +149.4% |
| Taxes, remuneration and social security | 45 | €12,055 | €6,659 | -€5,395 | -44.8% |
| Taxes | 450/3 | €9,284 | €6,659 | -€2,624 | -28.3% |
| Remuneration and social security | 454/9 | €2,771 | - | -€2,771 | |
| Other amounts payable | 47/48 | €18,000 | €5,400 | -€12,600 | -70.0% |
| Accrued charges and deferred income | 492/3 | - | €299 | +€299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | €920 | +€73 | +8.6% |
| Other operating charges | 640/8 | €5,013 | €528 | -€4,484 | -89.5% |
| Gross operating margin | 9900 | €40,458 | €29,930 | -€10,528 | -26.0% |
| Operating profit (loss) | 9901 | €34,598 | €28,481 | -€6,117 | -17.7% |
| Financial income | 75/76B | €0 | €24 | +€24 | +235200.0% |
| Recurring financial income | 75 | €0 | €24 | +€24 | +235200.0% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,598 | €2,631 | -€967 | -26.9% |
| Recurring financial charges | 65 | €3,598 | €2,631 | -€967 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €31,000 | €25,874 | -€5,126 | -16.5% |
| Income taxes | 67/77 | €7,631 | €7,346 | -€285 | -3.7% |
| Profit (loss) for the period | 9904 | €23,369 | €18,528 | -€4,841 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,369 | €18,528 | -€4,841 | -20.7% |
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 6 October 2026 via checked.be.