SEEPOINT: 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.
SEEPOINT
Largest movements
- Cash +€17,253
up €17,253 (+18.0%), from €95,899 to €113,152
mainly Depreciation (+€23,684) and Other debts (+€17,150)
- Tangible fixed assets -€11,328
down €11,328 (-4.0%), from €281,355 to €270,027
of which Land and buildings: -€19,271
- Receivables within one year -€9,108
down €9,108 (-42.8%), from €21,299 to €12,191
of which Trade receivables: -€8,403
- Other debts +€17,150
new in 2025: €17,150
- Debts after one year -€16,604
down €16,604 (-7.4%), from €222,987 to €206,383
of which Financial debts: -€15,351
- Reserves -€5,212
down €5,212 (-6.6%), from €78,850 to €73,638
of which Distributable reserves: -€5,212
- Gross operating margin +€4,390
up €4,390 (+9.4%), from €46,658 to €51,048
- Depreciation +€2,657
up €2,657 (+12.6%), from €21,028 to €23,684
- Other operating charges -€2,468
down €2,468 (-37.1%), from €6,659 to €4,191
- Taxes +€841
up €841 (+19.6%), from €4,297 to €5,138
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 | €402,820 | €400,235 | -€2,584 | -0.6% |
| Fixed assets | 21/28 | €281,355 | €270,027 | -€11,328 | -4.0% |
| Tangible fixed assets | 22/27 | €281,355 | €270,027 | -€11,328 | -4.0% |
| Land and buildings | 22 | €281,355 | €262,085 | -€19,271 | -6.8% |
| Furniture and vehicles | 24 | €0 | €7,942 | +€7,942 | |
| Current assets | 29/58 | €121,464 | €130,208 | +€8,744 | +7.2% |
| Amounts receivable within one year | 40/41 | €21,299 | €12,191 | -€9,108 | -42.8% |
| Trade receivables | 40 | €20,594 | €12,191 | -€8,403 | -40.8% |
| Other amounts receivable | 41 | €705 | €0 | -€705 | -100.0% |
| Cash at bank and in hand | 54/58 | €95,899 | €113,152 | +€17,253 | +18.0% |
| Deferred charges and accrued income | 490/1 | €4,266 | €4,865 | +€599 | +14.0% |
| Total equity and liabilities | 10/49 | €402,820 | €400,235 | -€2,584 | -0.6% |
| Equity | 10/15 | €140,850 | €135,638 | -€5,212 | -3.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €78,850 | €73,638 | -€5,212 | -6.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €72,650 | €67,438 | -€5,212 | -7.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €261,969 | €264,597 | +€2,628 | +1.0% |
| Amounts payable after more than one year | 17 | €222,987 | €206,383 | -€16,604 | -7.4% |
| Financial debts | 170/4 | €210,039 | €194,688 | -€15,351 | -7.3% |
| Other amounts payable | 178/9 | €12,948 | €11,695 | -€1,253 | -9.7% |
| Amounts payable within one year | 42/48 | €37,790 | €57,236 | +€19,447 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €15,039 | €15,351 | +€312 | +2.1% |
| Trade debts | 44 | €6,310 | €9,150 | +€2,840 | +45.0% |
| Suppliers | 440/4 | €6,310 | €9,150 | +€2,840 | +45.0% |
| Taxes, remuneration and social security | 45 | €16,441 | €15,585 | -€855 | -5.2% |
| Taxes | 450/3 | €16,441 | €15,585 | -€855 | -5.2% |
| Other amounts payable | 47/48 | - | €17,150 | +€17,150 | |
| Accrued charges and deferred income | 492/3 | €1,192 | €978 | -€215 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,028 | €23,684 | +€2,657 | +12.6% |
| Other operating charges | 640/8 | €6,659 | €4,191 | -€2,468 | -37.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €46,658 | €51,048 | +€4,390 | +9.4% |
| Operating profit (loss) | 9901 | €18,972 | €23,172 | +€4,201 | +22.1% |
| Financial income | 75/76B | €4 | €10 | +€5 | +123.2% |
| Recurring financial income | 75 | €4 | €10 | +€5 | +123.2% |
| Financial charges | 65/66B | €6,440 | €6,107 | -€333 | -5.2% |
| Recurring financial charges | 65 | €6,440 | €6,107 | -€333 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €12,536 | €17,075 | +€4,539 | +36.2% |
| Income taxes | 67/77 | €4,297 | €5,138 | +€841 | +19.6% |
| Profit (loss) for the period | 9904 | €8,240 | €11,938 | +€3,698 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,240 | €11,938 | +€3,698 | +44.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.