SEEPOWER: 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.
SEEPOWER
Largest movements
- Cash +€10,793
up €10,793 (+136.9%), from €7,883 to €18,675
mainly Depreciation (+€8,949) and Net result for the year (+€5,670)
- Tangible fixed assets -€2,947
down €2,947 (-11.2%), from €26,300 to €23,353
of which Furniture and vehicles: -€2,796
- Deferred charges and accrued income +€2,637
up €2,637 (+118.5%), from €2,225 to €4,862
- Receivables within one year -€2,241
down €2,241 (-43.8%), from €5,120 to €2,879
of which Trade receivables: -€2,820
- Profit (loss) carried forward +€5,670
up €5,670 (+216.4%), from €2,620 to €8,290
- Trade debts +€1,328
up €1,328 (+36.8%), from €3,605 to €4,933
- Other debts +€838
up €838 (+8.4%), from €9,932 to €10,770
- Gross operating margin +€18,132
up €18,132, from -€1,848 to €16,284
- Depreciation +€1,737
up €1,737 (+24.1%), from €7,212 to €8,949
- Financial charges +€469
up €469 (+107.3%), from €437 to €906
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 | €41,527 | €49,769 | +€8,241 | +19.8% |
| Fixed assets | 21/28 | €26,300 | €23,353 | -€2,947 | -11.2% |
| Tangible fixed assets | 22/27 | €26,300 | €23,353 | -€2,947 | -11.2% |
| Plant, machinery and equipment | 23 | €1,374 | €1,223 | -€151 | -11.0% |
| Furniture and vehicles | 24 | €24,926 | €22,130 | -€2,796 | -11.2% |
| Current assets | 29/58 | €15,228 | €26,416 | +€11,188 | +73.5% |
| Amounts receivable within one year | 40/41 | €5,120 | €2,879 | -€2,241 | -43.8% |
| Trade receivables | 40 | €4,892 | €2,071 | -€2,820 | -57.7% |
| Other amounts receivable | 41 | €229 | €808 | +€579 | +253.3% |
| Cash at bank and in hand | 54/58 | €7,883 | €18,675 | +€10,793 | +136.9% |
| Deferred charges and accrued income | 490/1 | €2,225 | €4,862 | +€2,637 | +118.5% |
| Total equity and liabilities | 10/49 | €41,527 | €49,769 | +€8,241 | +19.8% |
| Equity | 10/15 | €23,080 | €28,750 | +€5,670 | +24.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,620 | €8,290 | +€5,670 | +216.4% |
| Amounts payable | 17/49 | €18,447 | €21,019 | +€2,571 | +13.9% |
| Amounts payable within one year | 42/48 | €18,447 | €21,019 | +€2,571 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €248 | €248 | = | 0.0% |
| Trade debts | 44 | €3,605 | €4,933 | +€1,328 | +36.8% |
| Suppliers | 440/4 | €3,605 | €4,933 | +€1,328 | +36.8% |
| Taxes, remuneration and social security | 45 | €4,662 | €5,067 | +€405 | +8.7% |
| Taxes | 450/3 | €3,739 | €5,067 | +€1,328 | +35.5% |
| Remuneration and social security | 454/9 | €923 | - | -€923 | |
| Other amounts payable | 47/48 | €9,932 | €10,770 | +€838 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,212 | €8,949 | +€1,737 | +24.1% |
| Other operating charges | 640/8 | €822 | €699 | -€123 | -14.9% |
| Gross operating margin | 9900 | -€1,848 | €16,284 | +€18,132 | |
| Operating profit (loss) | 9901 | -€9,882 | €6,635 | +€16,517 | |
| Financial income | 75/76B | €36 | - | -€36 | |
| Recurring financial income | 75 | €36 | - | -€36 | |
| Financial charges | 65/66B | €437 | €906 | +€469 | +107.3% |
| Recurring financial charges | 65 | €437 | €906 | +€469 | +107.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,283 | €5,730 | +€16,013 | |
| Income taxes | 67/77 | - | €60 | +€60 | |
| Profit (loss) for the period | 9904 | -€10,283 | €5,670 | +€15,953 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,283 | €5,670 | +€15,953 |
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 8 October 2026 via checked.be.