SEEWALD: 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.
SEEWALD
Largest movements
- Deferred charges and accrued income +€341,246
up €341,246 (+188.9%), from €180,660 to €521,906
- Receivables within one year +€23,570
up €23,570 (+60.2%), from €39,175 to €62,745
of which Other amounts receivable: +€19,062
- Accrued charges and deferred income +€341,370
up €341,370 (+1365.5%), from €25,000 to €366,370
- Trade debts +€110,988
up €110,988 (+1929.6%), from €5,752 to €116,740
- Profit (loss) carried forward -€55,982
down €55,982, from €19,077 to -€36,905
- Debts after one year -€29,684
down €29,684 (-28.1%), from €105,719 to €76,036
- Gross operating margin -€62,452
down €62,452, from €11,072 to -€51,380
- Taxes -€1,504
down €1,504 (-90.8%), from €1,656 to €152
- Financial income -€1,003
down €1,003 (-39.4%), from €2,546 to €1,543
- Other operating charges +€836
up €836 (+1672.5%), from €50 to €886
- Financial charges -€794
down €794 (-24.4%), from €3,253 to €2,459
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €284,938 | €647,227 | +€362,289 | +127.1% |
| Fixed assets | 21/28 | €10,103 | €7,456 | -€2,647 | -26.2% |
| Tangible fixed assets | 22/27 | €10,103 | €7,456 | -€2,647 | -26.2% |
| Land and buildings | 22 | €8,257 | €7,141 | -€1,117 | -13.5% |
| Plant, machinery and equipment | 23 | €1,596 | €315 | -€1,281 | -80.3% |
| Furniture and vehicles | 24 | €249 | - | -€249 | |
| Current assets | 29/58 | €274,835 | €639,771 | +€364,936 | +132.8% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Other amounts receivable | 291 | €55,000 | €55,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,175 | €62,745 | +€23,570 | +60.2% |
| Trade receivables | 40 | €1,590 | €6,098 | +€4,508 | +283.5% |
| Other amounts receivable | 41 | €37,585 | €56,647 | +€19,062 | +50.7% |
| Cash at bank and in hand | 54/58 | - | €120 | +€120 | |
| Deferred charges and accrued income | 490/1 | €180,660 | €521,906 | +€341,246 | +188.9% |
| Total equity and liabilities | 10/49 | €284,938 | €647,227 | +€362,289 | +127.1% |
| Equity | 10/15 | €62,733 | €6,752 | -€55,982 | -89.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €42,657 | €42,657 | = | 0.0% |
| Distributable reserves | 133 | €42,657 | €42,657 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,077 | -€36,905 | -€55,982 | |
| Amounts payable | 17/49 | €222,205 | €640,475 | +€418,271 | +188.2% |
| Amounts payable after more than one year | 17 | €105,719 | €76,036 | -€29,684 | -28.1% |
| Financial debts | 170/4 | €105,719 | €76,036 | -€29,684 | -28.1% |
| Amounts payable within one year | 42/48 | €91,485 | €198,069 | +€106,584 | +116.5% |
| Current portion of amounts payable after more than one year | 42 | €30,575 | €30,544 | -€31 | -0.1% |
| Financial debts | 43 | €800 | - | -€800 | |
| Credit institutions | 430/8 | €800 | - | -€800 | |
| Trade debts | 44 | €5,752 | €116,740 | +€110,988 | +1929.6% |
| Suppliers | 440/4 | €5,752 | €116,740 | +€110,988 | +1929.6% |
| Taxes, remuneration and social security | 45 | €4,358 | €785 | -€3,573 | -82.0% |
| Taxes | 450/3 | €4,358 | €785 | -€3,573 | -82.0% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €25,000 | €366,370 | +€341,370 | +1365.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,989 | €2,647 | -€342 | -11.4% |
| Other operating charges | 640/8 | €50 | €886 | +€836 | +1672.5% |
| Gross operating margin | 9900 | €11,072 | -€51,380 | -€62,452 | |
| Operating profit (loss) | 9901 | €8,033 | -€54,914 | -€62,947 | |
| Financial income | 75/76B | €2,546 | €1,543 | -€1,003 | -39.4% |
| Recurring financial income | 75 | €2,546 | €1,543 | -€1,003 | -39.4% |
| Financial charges | 65/66B | €3,253 | €2,459 | -€794 | -24.4% |
| Recurring financial charges | 65 | €3,253 | €2,459 | -€794 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €7,326 | -€55,829 | -€63,156 | |
| Income taxes | 67/77 | €1,656 | €152 | -€1,504 | -90.8% |
| Profit (loss) for the period | 9904 | €5,670 | -€55,982 | -€61,652 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,670 | -€55,982 | -€61,652 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.