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 -€57,760
down €57,760 (-4.3%), from €1.3m to €1.3m
- Debts after one year -€175,109
down €175,109 (-20.9%), from €838,470 to €663,361
of which Financial debts: -€109,210
- Reserves +€92,935
up €92,935 (+3.0%), from €3.1m to €3.1m
- Taxes +€35,176
up €35,176, from -€3,903 to €31,273
- Other operating charges -€29,392
down €29,392 (-57.3%), from €51,327 to €21,935
- Financial charges -€11,085
down €11,085 (-23.8%), from €46,550 to €35,466
- Gross operating margin +€10,303
up €10,303 (+4.5%), from €229,065 to €239,368
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 | €4,341,846 | €4,274,214 | -€67,632 | -1.6% |
| Fixed assets | 21/28 | €4,283,251 | €4,225,491 | -€57,760 | -1.3% |
| Tangible fixed assets | 22/27 | €1,343,795 | €1,286,035 | -€57,760 | -4.3% |
| Land and buildings | 22 | €1,343,795 | €1,286,035 | -€57,760 | -4.3% |
| Financial fixed assets | 28 | €2,939,456 | €2,939,456 | = | 0.0% |
| Current assets | 29/58 | €58,595 | €48,723 | -€9,872 | -16.8% |
| Amounts receivable within one year | 40/41 | €12 | €0 | -€12 | -100% |
| Other amounts receivable | 41 | €12 | €0 | -€12 | -100% |
| Cash at bank and in hand | 54/58 | €58,583 | €48,723 | -€9,860 | -16.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €4,341,846 | €4,274,214 | -€67,632 | -1.6% |
| Equity | 10/15 | €3,353,024 | €3,445,959 | +€92,935 | +2.8% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €3,053,024 | €3,145,959 | +€92,935 | +3.0% |
| Distributable reserves | 133 | €3,053,024 | €3,145,959 | +€92,935 | +3.0% |
| Amounts payable | 17/49 | €988,822 | €828,255 | -€160,567 | -16.2% |
| Amounts payable after more than one year | 17 | €838,470 | €663,361 | -€175,109 | -20.9% |
| Financial debts | 170/4 | €272,571 | €163,361 | -€109,210 | -40.1% |
| Other amounts payable | 178/9 | €565,899 | €500,000 | -€65,899 | -11.6% |
| Amounts payable within one year | 42/48 | €143,087 | €144,558 | +€1,472 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €104,412 | €109,210 | +€4,798 | +4.6% |
| Trade debts | 44 | €7,165 | €21 | -€7,144 | -99.7% |
| Suppliers | 440/4 | €7,165 | €21 | -€7,144 | -99.7% |
| Taxes, remuneration and social security | 45 | €31,510 | €35,327 | +€3,817 | +12.1% |
| Taxes | 450/3 | €31,510 | €35,327 | +€3,817 | +12.1% |
| Accrued charges and deferred income | 492/3 | €7,265 | €20,336 | +€13,070 | +180% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,760 | €57,760 | = | 0.0% |
| Other operating charges | 640/8 | €51,327 | €21,935 | -€29,392 | -57.3% |
| Gross operating margin | 9900 | €229,065 | €239,368 | +€10,303 | +4.5% |
| Operating profit (loss) | 9901 | €119,978 | €159,673 | +€39,695 | +33.1% |
| Financial income | 75/76B | €2,342 | €0 | -€2,342 | -100.0% |
| Recurring financial income | 75 | €2,342 | €0 | -€2,342 | -100.0% |
| Financial charges | 65/66B | €46,550 | €35,466 | -€11,085 | -23.8% |
| Recurring financial charges | 65 | €46,550 | €35,466 | -€11,085 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €75,770 | €124,208 | +€48,438 | +63.9% |
| Income taxes | 67/77 | -€3,903 | €31,273 | +€35,176 | |
| Profit (loss) for the period | 9904 | €79,673 | €92,935 | +€13,262 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €79,673 | €92,935 | +€13,262 | +16.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.