Seven Seas: 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.
Seven Seas
Largest movements
- Tangible fixed assets -€21,231
down €21,231 (-65.9%), from €32,219 to €10,988
- Cash +€8,467
up €8,467 (+86.4%), from €9,798 to €18,265
mainly Net result for the year (+€26,396) and Depreciation (+€21,231)
- Stocks and contracts -€4,715
down €4,715 (-3.4%), from €138,731 to €134,016
- Receivables within one year -€3,935
down €3,935 (-40.5%), from €9,726 to €5,791
of which Trade receivables: -€7,076
- Trade debts -€35,172
down €35,172 (-36.4%), from €96,576 to €61,404
- Profit (loss) carried forward +€26,396
up €26,396 (+4.1%), from -€649,226 to -€622,830
- Advances received -€13,339
down €13,339 (-87.9%), from €15,171 to €1,832
- Tax, wage and social debts +€3,290
up €3,290 (+11.1%), from €29,515 to €32,805
of which Taxes: +€4,424
- Debts after one year -€2,888
down €2,888 (-11.9%), from €24,352 to €21,464
- Staff costs -€35,463
down €35,463 (-40.4%), from €87,690 to €52,227
- Gross operating margin -€26,920
down €26,920 (-21.3%), from €126,212 to €99,292
- Financial income -€5,632
down €5,632 (-99.4%), from €5,663 to €32
- Financial charges -€4,669
down €4,669, from €639 to -€4,030
- Other operating charges -€2,162
down €2,162 (-38.2%), from €5,660 to €3,499
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 | €194,112 | €172,648 | -€21,464 | -11.1% |
| Fixed assets | 21/28 | €32,224 | €10,993 | -€21,231 | -65.9% |
| Tangible fixed assets | 22/27 | €32,219 | €10,988 | -€21,231 | -65.9% |
| Other tangible fixed assets | 26 | €32,219 | €10,988 | -€21,231 | -65.9% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €161,888 | €161,655 | -€233 | -0.1% |
| Stocks and contracts in progress | 3 | €138,731 | €134,016 | -€4,715 | -3.4% |
| Stocks | 30/36 | €138,731 | €134,016 | -€4,715 | -3.4% |
| Amounts receivable within one year | 40/41 | €9,726 | €5,791 | -€3,935 | -40.5% |
| Trade receivables | 40 | €9,677 | €2,601 | -€7,076 | -73.1% |
| Other amounts receivable | 41 | €49 | €3,191 | +€3,142 | +6,426% |
| Current investments | 50/53 | €3,192 | €3,192 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,798 | €18,265 | +€8,467 | +86.4% |
| Deferred charges and accrued income | 490/1 | €441 | €391 | -€50 | -11.4% |
| Total equity and liabilities | 10/49 | €194,112 | €172,648 | -€21,464 | -11.1% |
| Equity | 10/15 | €23,347 | €49,743 | +€26,396 | +113% |
| Contributions | 10/11 | €672,573 | €672,573 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€649,226 | -€622,830 | +€26,396 | +4.1% |
| Amounts payable | 17/49 | €170,765 | €122,905 | -€47,860 | -28.0% |
| Amounts payable after more than one year | 17 | €24,352 | €21,464 | -€2,888 | -11.9% |
| Financial debts | 170/4 | €24,352 | €21,464 | -€2,888 | -11.9% |
| Amounts payable within one year | 42/48 | €146,414 | €101,441 | -€44,972 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €2,845 | €2,888 | +€43 | +1.5% |
| Trade debts | 44 | €96,576 | €61,404 | -€35,172 | -36.4% |
| Suppliers | 440/4 | €96,576 | €61,404 | -€35,172 | -36.4% |
| Advances received on contracts in progress | 46 | €15,171 | €1,832 | -€13,339 | -87.9% |
| Taxes, remuneration and social security | 45 | €29,515 | €32,805 | +€3,290 | +11.1% |
| Taxes | 450/3 | €16,917 | €21,341 | +€4,424 | +26.1% |
| Remuneration and social security | 454/9 | €12,597 | €11,464 | -€1,133 | -9.0% |
| Other amounts payable | 47/48 | €2,307 | €2,512 | +€206 | +8.9% |
| Non-recurring operating income | 76A | €13,554 | - | -€13,554 | |
| Remuneration, social security and pensions | 62 | €87,690 | €52,227 | -€35,463 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,231 | €21,231 | -€0 | 0.0% |
| Other operating charges | 640/8 | €5,660 | €3,499 | -€2,162 | -38.2% |
| Gross operating margin | 9900 | €126,212 | €99,292 | -€26,920 | -21.3% |
| Operating profit (loss) | 9901 | €11,630 | €22,335 | +€10,705 | +92.0% |
| Financial income | 75/76B | €5,663 | €32 | -€5,632 | -99.4% |
| Recurring financial income | 75 | €5,663 | €32 | -€5,632 | -99.4% |
| Financial charges | 65/66B | €639 | -€4,030 | -€4,669 | |
| Recurring financial charges | 65 | €639 | -€4,030 | -€4,669 | |
| Profit (loss) for the period before taxes | 9903 | €16,654 | €26,396 | +€9,742 | +58.5% |
| Income taxes | 67/77 | €133 | - | -€133 | |
| Profit (loss) for the period | 9904 | €16,520 | €26,396 | +€9,876 | +59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,520 | €26,396 | +€9,876 | +59.8% |
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 23 October 2026 via checked.be.