Seekost: 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.
Seekost
Largest movements
- Receivables within one year -€69,386
down €69,386 (-99.6%), from €69,647 to €261
of which Other amounts receivable: -€69,647
- Cash +€22,418
up €22,418 (+172.2%), from €13,019 to €35,437
mainly Contributions, distributions and other (+€205,000) and Receivables within one year (+€69,386)
- Tangible fixed assets -€12,063
down €12,063 (-20.7%), from €58,212 to €46,149
of which Other tangible fixed assets: -€12,054
- Debts after one year -€191,344
down €191,344 (-100.0%), from €191,344 to €0
- Profit (loss) carried forward +€134,554
up €134,554 (+77.8%), from -€173,014 to -€38,461
- Contributions +€25,000
up €25,000 (+100.0%), from €25,000 to €50,000
- Other debts -€20,705
down €20,705 (-60.7%), from €34,125 to €13,420
- Current portion of long-term debt -€10,873
down €10,873 (-100.0%), from €10,873 to €0
- Staff costs +€19,005
up €19,005 (+25.7%), from €73,894 to €92,899
- Financial income -€7,222
down €7,222 (-99.5%), from €7,259 to €37
of which Financial income: -€4,550
- Gross operating margin -€6,369
down €6,369 (-8.7%), from €73,610 to €67,241
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 | €146,032 | €86,931 | -€59,101 | -40.5% |
| Fixed assets | 21/28 | €58,212 | €46,149 | -€12,063 | -20.7% |
| Tangible fixed assets | 22/27 | €58,212 | €46,149 | -€12,063 | -20.7% |
| Furniture and vehicles | 24 | €9 | €0 | -€9 | -100.0% |
| Other tangible fixed assets | 26 | €58,203 | €46,149 | -€12,054 | -20.7% |
| Current assets | 29/58 | €87,820 | €40,782 | -€47,038 | -53.6% |
| Stocks and contracts in progress | 3 | €4,848 | €4,219 | -€629 | -13.0% |
| Stocks | 30/36 | €4,848 | €4,219 | -€629 | -13.0% |
| Amounts receivable within one year | 40/41 | €69,647 | €261 | -€69,386 | -99.6% |
| Trade receivables | 40 | €0 | €261 | +€261 | |
| Other amounts receivable | 41 | €69,647 | €0 | -€69,647 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,019 | €35,437 | +€22,418 | +172.2% |
| Deferred charges and accrued income | 490/1 | €306 | €865 | +€559 | +182.8% |
| Total equity and liabilities | 10/49 | €146,032 | €86,931 | -€59,101 | -40.5% |
| Equity | 10/15 | -€127,014 | €32,539 | +€159,554 | |
| Contributions | 10/11 | €25,000 | €50,000 | +€25,000 | +100.0% |
| Reserves | 13 | €21,000 | €21,000 | = | 0.0% |
| Distributable reserves | 133 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,014 | -€38,461 | +€134,554 | +77.8% |
| Amounts payable | 17/49 | €273,046 | €54,392 | -€218,655 | -80.1% |
| Amounts payable after more than one year | 17 | €191,344 | €0 | -€191,344 | -100.0% |
| Financial debts | 170/4 | €191,344 | €0 | -€191,344 | -100.0% |
| Amounts payable within one year | 42/48 | €81,702 | €54,392 | -€27,310 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €10,873 | €0 | -€10,873 | -100.0% |
| Financial debts | 43 | - | €3 | +€3 | |
| Credit institutions | 430/8 | - | €3 | +€3 | |
| Trade debts | 44 | €22,453 | €21,772 | -€681 | -3.0% |
| Suppliers | 440/4 | €22,453 | €21,772 | -€681 | -3.0% |
| Advances received on contracts in progress | 46 | €2,117 | €3,142 | +€1,025 | +48.4% |
| Taxes, remuneration and social security | 45 | €12,134 | €16,054 | +€3,921 | +32.3% |
| Taxes | 450/3 | €4,173 | €4,933 | +€760 | +18.2% |
| Remuneration and social security | 454/9 | €7,961 | €11,121 | +€3,160 | +39.7% |
| Other amounts payable | 47/48 | €34,125 | €13,420 | -€20,705 | -60.7% |
| Remuneration, social security and pensions | 62 | €73,894 | €92,899 | +€19,005 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,771 | €16,523 | -€248 | -1.5% |
| Other operating charges | 640/8 | €1,458 | €1,526 | +€68 | +4.7% |
| Gross operating margin | 9900 | €73,610 | €67,241 | -€6,369 | -8.7% |
| Operating profit (loss) | 9901 | -€18,513 | -€43,707 | -€25,194 | -136.1% |
| Financial income | 75/76B | €7,259 | €37 | -€7,222 | -99.5% |
| Recurring financial income | 75 | €4,587 | €37 | -€4,550 | -99.2% |
| Non-recurring financial income | 76B | €2,672 | €0 | -€2,672 | -100.0% |
| Financial charges | 65/66B | €1,599 | €1,776 | +€177 | +11.1% |
| Recurring financial charges | 65 | €1,599 | €1,776 | +€177 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,853 | -€45,446 | -€32,593 | -253.6% |
| Income taxes | 67/77 | €1 | €0 | -€1 | -92.0% |
| Profit (loss) for the period | 9904 | -€12,854 | -€45,446 | -€32,592 | -253.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,854 | -€45,446 | -€32,592 | -253.6% |
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.