SEILAC: what changed
SEILAC
Largest movements
- Receivables after one year +€20,805
up €20,805 (+3.3%), from €636,799 to €657,604
- Cash -€10,962
down €10,962 (-66.2%), from €16,566 to €5,604
mainly Receivables after one year (-€20,805) and Receivables within one year (-€3,517)
- Reserves +€11,837
up €11,837 (+1.8%), from €663,255 to €675,092
of which Distributable reserves: +€11,837
- Taxes +€14,277
up €14,277 (+101%), from €14,096 to €28,373
- Gross operating margin -€13,578
down €13,578 (-24.7%), from €54,992 to €41,414
- Other operating charges -€681
down €681 (-63.9%), from €1,065 to €384
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €675,027 | €687,609 | +€12,582 | +1.9% |
| Fixed assets | 21/28 | €2,333 | €1,555 | -€778 | -33.3% |
| Tangible fixed assets | 22/27 | €2,333 | €1,555 | -€778 | -33.3% |
| Plant, machinery and equipment | 23 | €2,333 | €1,555 | -€778 | -33.3% |
| Current assets | 29/58 | €672,694 | €686,054 | +€13,360 | +2.0% |
| Amounts receivable after more than one year | 29 | €636,799 | €657,604 | +€20,805 | +3.3% |
| Trade receivables | 290 | €636,799 | €657,604 | +€20,805 | +3.3% |
| Amounts receivable within one year | 40/41 | €19,329 | €22,846 | +€3,517 | +18.2% |
| Other amounts receivable | 41 | €19,329 | €22,846 | +€3,517 | +18.2% |
| Cash at bank and in hand | 54/58 | €16,566 | €5,604 | -€10,962 | -66.2% |
| Total equity and liabilities | 10/49 | €675,027 | €687,609 | +€12,582 | +1.9% |
| Equity | 10/15 | €670,692 | €682,529 | +€11,837 | +1.8% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Capital | 10 | €7,437 | - | -€7,437 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Uncalled capital | 101 | €11,155 | - | -€11,155 | |
| Reserves | 13 | €663,255 | €675,092 | +€11,837 | +1.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | €661,396 | €673,233 | +€11,837 | +1.8% |
| Amounts payable | 17/49 | €4,335 | €5,080 | +€745 | +17.2% |
| Amounts payable within one year | 42/48 | €4,335 | €5,080 | +€745 | +17.2% |
| Trade debts | 44 | €438 | - | -€438 | |
| Suppliers | 440/4 | €438 | - | -€438 | |
| Taxes, remuneration and social security | 45 | €3,897 | €5,080 | +€1,183 | +30.4% |
| Taxes | 450/3 | €3,897 | €5,080 | +€1,183 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €778 | €778 | = | 0.0% |
| Other operating charges | 640/8 | €1,065 | €384 | -€681 | -63.9% |
| Gross operating margin | 9900 | €54,992 | €41,414 | -€13,578 | -24.7% |
| Operating profit (loss) | 9901 | €53,149 | €40,252 | -€12,897 | -24.3% |
| Financial charges | 65/66B | €78 | €42 | -€36 | -46.2% |
| Recurring financial charges | 65 | €78 | €42 | -€36 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €53,071 | €40,210 | -€12,861 | -24.2% |
| Income taxes | 67/77 | €14,096 | €28,373 | +€14,277 | +101% |
| Profit (loss) for the period | 9904 | €38,975 | €11,837 | -€27,138 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,975 | €11,837 | -€27,138 | -69.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.