Seppe Onsea: what changed
Two financial 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.
Seppe Onsea
Largest movements
- Cash -€72,101
down €72,101 (-54.9%), from €131,364 to €59,263
mainly Contributions, distributions and other (-€260,949) and Investment in fixed assets (net) (-€48,820)
- Receivables within one year -€42,158
down €42,158 (-100%), from €42,158 to €0
of which Trade receivables: -€42,022
- Tangible fixed assets +€16,953
up €16,953 (+3.3%), from €512,415 to €529,368
of which Land and buildings: +€12,288
- Reserves -€158,748
down €158,748 (-60.4%), from €262,949 to €104,202
of which Distributable reserves: -€158,748
- Other debts +€109,178
up €109,178 (+17,802%), from €613 to €109,792
- Debts after one year -€28,183
down €28,183 (-8.4%), from €337,289 to €309,105
- Tax, wage and social debts -€13,993
down €13,993 (-48.7%), from €28,759 to €14,766
- Gross operating margin -€14,641
down €14,641 (-7.9%), from €186,371 to €171,730
- Depreciation +€7,122
up €7,122 (+28.8%), from €24,745 to €31,867
- Taxes -€5,569
down €5,569 (-15.4%), from €36,050 to €30,482
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.
Derived cash bridge
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 | €686,468 | €589,161 | -€97,307 | -14.2% |
| Fixed assets | 21/28 | €512,945 | €529,898 | +€16,953 | +3.3% |
| Tangible fixed assets | 22/27 | €512,415 | €529,368 | +€16,953 | +3.3% |
| Land and buildings | 22 | €503,023 | €515,311 | +€12,288 | +2.4% |
| Furniture and vehicles | 24 | €9,392 | €14,057 | +€4,665 | +49.7% |
| Financial fixed assets | 28 | €530 | €530 | = | 0.0% |
| Current assets | 29/58 | €173,522 | €59,263 | -€114,259 | -65.8% |
| Amounts receivable within one year | 40/41 | €42,158 | €0 | -€42,158 | -100% |
| Trade receivables | 40 | €42,022 | €0 | -€42,022 | -100% |
| Other amounts receivable | 41 | €136 | €0 | -€136 | -100% |
| Cash at bank and in hand | 54/58 | €131,364 | €59,263 | -€72,101 | -54.9% |
| Total equity and liabilities | 10/49 | €686,468 | €589,161 | -€97,307 | -14.2% |
| Equity | 10/15 | €282,949 | €124,202 | -€158,748 | -56.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €262,949 | €104,202 | -€158,748 | -60.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €260,949 | €102,202 | -€158,748 | -60.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €403,518 | €464,959 | +€61,441 | +15.2% |
| Amounts payable after more than one year | 17 | €337,289 | €309,105 | -€28,183 | -8.4% |
| Financial debts | 170/4 | €337,289 | €309,105 | -€28,183 | -8.4% |
| Amounts payable within one year | 42/48 | €66,230 | €155,854 | +€89,625 | +135% |
| Current portion of amounts payable after more than one year | 42 | €30,213 | €29,401 | -€812 | -2.7% |
| Trade debts | 44 | €6,645 | €1,896 | -€4,749 | -71.5% |
| Suppliers | 440/4 | €6,645 | €1,896 | -€4,749 | -71.5% |
| Taxes, remuneration and social security | 45 | €28,759 | €14,766 | -€13,993 | -48.7% |
| Taxes | 450/3 | €28,759 | €14,766 | -€13,993 | -48.7% |
| Other amounts payable | 47/48 | €613 | €109,792 | +€109,178 | +17,802% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,745 | €31,867 | +€7,122 | +28.8% |
| Other operating charges | 640/8 | €2,184 | €1,902 | -€282 | -12.9% |
| Gross operating margin | 9900 | €186,371 | €171,730 | -€14,641 | -7.9% |
| Operating profit (loss) | 9901 | €159,442 | €137,961 | -€21,481 | -13.5% |
| Financial income | 75/76B | €18 | €0 | -€18 | -98.6% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -98.6% |
| Financial charges | 65/66B | €5,681 | €5,278 | -€403 | -7.1% |
| Recurring financial charges | 65 | €5,681 | €5,278 | -€403 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €153,779 | €132,683 | -€21,096 | -13.7% |
| Income taxes | 67/77 | €36,050 | €30,482 | -€5,569 | -15.4% |
| Profit (loss) for the period | 9904 | €117,729 | €102,202 | -€15,528 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €117,729 | €102,202 | -€15,528 | -13.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.