Seelevel: 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.
Seelevel
Largest movements
- Cash -€12,576
down €12,576 (-39.6%), from €31,724 to €19,148
mainly Accrued charges and deferred income (-€12,524) and Investment in fixed assets (net) (-€9,618)
- Tangible fixed assets -€1,799
down €1,799 (-1.7%), from €105,891 to €104,092
of which Plant, machinery and equipment: -€5,231
- Accrued charges and deferred income -€12,524
down €12,524 (-100.0%), from €12,524 to €0
- Profit (loss) carried forward +€9,458
up €9,458 (+29.5%), from €32,051 to €41,509
- Debts after one year -€7,647
down €7,647 (-10.8%), from €70,555 to €62,908
- Other debts -€5,397
down €5,397 (-100.0%), from €5,397 to €0
- Trade debts +€4,184
up €4,184 (+295.1%), from €1,418 to €5,602
- Depreciation +€3,007
up €3,007 (+35.7%), from €8,411 to €11,417
- Taxes -€1,611
down €1,611 (-34.5%), from €4,671 to €3,060
- Gross operating margin -€833
down €833 (-2.6%), from €31,703 to €30,870
- Financial charges -€726
down €726 (-10.0%), from €7,274 to €6,548
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 | €148,113 | €134,494 | -€13,619 | -9.2% |
| Fixed assets | 21/28 | €105,891 | €104,092 | -€1,799 | -1.7% |
| Tangible fixed assets | 22/27 | €105,891 | €104,092 | -€1,799 | -1.7% |
| Land and buildings | 22 | €70,407 | €66,705 | -€3,701 | -5.3% |
| Plant, machinery and equipment | 23 | €15,098 | €9,866 | -€5,231 | -34.6% |
| Furniture and vehicles | 24 | €2,507 | €2,242 | -€265 | -10.6% |
| Other tangible fixed assets | 26 | €17,880 | €25,279 | +€7,398 | +41.4% |
| Current assets | 29/58 | €42,221 | €30,402 | -€11,819 | -28.0% |
| Amounts receivable within one year | 40/41 | €10,498 | €11,241 | +€744 | +7.1% |
| Trade receivables | 40 | €10,498 | €7,338 | -€3,159 | -30.1% |
| Other amounts receivable | 41 | - | €3,903 | +€3,903 | |
| Cash at bank and in hand | 54/58 | €31,724 | €19,148 | -€12,576 | -39.6% |
| Deferred charges and accrued income | 490/1 | - | €13 | +€13 | |
| Total equity and liabilities | 10/49 | €148,113 | €134,494 | -€13,619 | -9.2% |
| Equity | 10/15 | €36,051 | €45,509 | +€9,458 | +26.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,051 | €41,509 | +€9,458 | +29.5% |
| Amounts payable | 17/49 | €112,062 | €88,986 | -€23,076 | -20.6% |
| Amounts payable after more than one year | 17 | €70,555 | €62,908 | -€7,647 | -10.8% |
| Financial debts | 170/4 | €70,555 | €62,908 | -€7,647 | -10.8% |
| Amounts payable within one year | 42/48 | €28,982 | €26,077 | -€2,904 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €7,374 | €7,647 | +€273 | +3.7% |
| Trade debts | 44 | €1,418 | €5,602 | +€4,184 | +295.1% |
| Suppliers | 440/4 | €1,418 | €5,602 | +€4,184 | +295.1% |
| Taxes, remuneration and social security | 45 | €14,793 | €12,828 | -€1,965 | -13.3% |
| Taxes | 450/3 | €14,793 | €12,828 | -€1,965 | -13.3% |
| Other amounts payable | 47/48 | €5,397 | €0 | -€5,397 | -100.0% |
| Accrued charges and deferred income | 492/3 | €12,524 | €0 | -€12,524 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,411 | €11,417 | +€3,007 | +35.7% |
| Other operating charges | 640/8 | €630 | €442 | -€188 | -29.8% |
| Gross operating margin | 9900 | €31,703 | €30,870 | -€833 | -2.6% |
| Operating profit (loss) | 9901 | €22,662 | €19,010 | -€3,652 | -16.1% |
| Financial income | 75/76B | €112 | €55 | -€56 | -50.5% |
| Recurring financial income | 75 | €112 | €55 | -€56 | -50.5% |
| Financial charges | 65/66B | €7,274 | €6,548 | -€726 | -10.0% |
| Recurring financial charges | 65 | €7,274 | €6,548 | -€726 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €15,499 | €12,517 | -€2,982 | -19.2% |
| Income taxes | 67/77 | €4,671 | €3,060 | -€1,611 | -34.5% |
| Profit (loss) for the period | 9904 | €10,828 | €9,458 | -€1,371 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,828 | €9,458 | -€1,371 | -12.7% |
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 1 October 2026 via checked.be.