SEYBO: 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.
SEYBO
Largest movements
- Current investments -€310,035
no longer reported in 2025 (was €310,035)
- Cash +€55,662
up €55,662 (+174%), from €31,930 to €87,592
mainly Current investments (+€310,035) and Trade debts (+€30,735)
- Receivables after one year -€30,000
down €30,000 (-7.6%), from €396,500 to €366,500
- Deferred charges and accrued income +€25,235
up €25,235 (+12,759%), from €198 to €25,432
- Tangible fixed assets -€24,921
down €24,921 (-3.5%), from €710,186 to €685,265
- Debts after one year -€325,018
down €325,018 (-52.8%), from €615,000 to €289,982
- Trade debts +€30,735
new in 2025: €30,735
- Depreciation -€9,388
down €9,388 (-27.4%), from €34,308 to €24,921
- Gross operating margin -€8,135
down €8,135 (-25.0%), from €32,588 to €24,453
- Provisions +€7,000
new in 2025: €7,000
- Financial income +€3,523
up €3,523 (+22.9%), from €15,416 to €18,939
- Financial charges +€1,799
up €1,799 (+792%), from €227 to €2,026
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 | €1,457,745 | €1,172,445 | -€285,300 | -19.6% |
| Fixed assets | 21/28 | €710,186 | €685,265 | -€24,921 | -3.5% |
| Tangible fixed assets | 22/27 | €710,186 | €685,265 | -€24,921 | -3.5% |
| Land and buildings | 22 | €710,186 | €685,265 | -€24,921 | -3.5% |
| Current assets | 29/58 | €747,559 | €487,180 | -€260,380 | -34.8% |
| Amounts receivable after more than one year | 29 | €396,500 | €366,500 | -€30,000 | -7.6% |
| Other amounts receivable | 291 | €396,500 | €366,500 | -€30,000 | -7.6% |
| Amounts receivable within one year | 40/41 | €8,897 | €7,656 | -€1,241 | -13.9% |
| Trade receivables | 40 | €8,697 | €7,630 | -€1,067 | -12.3% |
| Other amounts receivable | 41 | €200 | €26 | -€174 | -87.2% |
| Current investments | 50/53 | €310,035 | - | -€310,035 | |
| Cash at bank and in hand | 54/58 | €31,930 | €87,592 | +€55,662 | +174% |
| Deferred charges and accrued income | 490/1 | €198 | €25,432 | +€25,235 | +12,759% |
| Total equity and liabilities | 10/49 | €1,457,745 | €1,172,445 | -€285,300 | -19.6% |
| Equity | 10/15 | €841,957 | €844,102 | +€2,145 | +0.3% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €187,718 | €187,718 | = | 0.0% |
| Distributable reserves | 133 | €187,718 | €187,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | €617,055 | €619,200 | +€2,145 | +0.3% |
| Provisions and deferred taxes | 16 | - | €7,000 | +€7,000 | |
| Provisions for liabilities and charges | 160/5 | - | €7,000 | +€7,000 | |
| Other liabilities and charges | 164/5 | - | €7,000 | +€7,000 | |
| Amounts payable | 17/49 | €615,788 | €321,342 | -€294,446 | -47.8% |
| Amounts payable after more than one year | 17 | €615,000 | €289,982 | -€325,018 | -52.8% |
| Other amounts payable | 178/9 | €615,000 | €289,982 | -€325,018 | -52.8% |
| Amounts payable within one year | 42/48 | €788 | €30,735 | +€29,948 | +3,801% |
| Trade debts | 44 | - | €30,735 | +€30,735 | |
| Suppliers | 440/4 | - | €30,735 | +€30,735 | |
| Taxes, remuneration and social security | 45 | €788 | - | -€788 | |
| Taxes | 450/3 | €788 | - | -€788 | |
| Accrued charges and deferred income | 492/3 | - | €625 | +€625 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,308 | €24,921 | -€9,388 | -27.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €7,000 | +€7,000 | |
| Other operating charges | 640/8 | €6,526 | €6,585 | +€59 | +0.9% |
| Gross operating margin | 9900 | €32,588 | €24,453 | -€8,135 | -25.0% |
| Operating profit (loss) | 9901 | -€8,246 | -€14,052 | -€5,806 | -70.4% |
| Financial income | 75/76B | €15,416 | €18,939 | +€3,523 | +22.9% |
| Recurring financial income | 75 | €15,416 | €18,939 | +€3,523 | +22.9% |
| Financial charges | 65/66B | €227 | €2,026 | +€1,799 | +792% |
| Recurring financial charges | 65 | €227 | €2,026 | +€1,799 | +792% |
| Profit (loss) for the period before taxes | 9903 | €6,943 | €2,860 | -€4,082 | -58.8% |
| Income taxes | 67/77 | €1,801 | €715 | -€1,086 | -60.3% |
| Profit (loss) for the period | 9904 | €5,142 | €2,145 | -€2,997 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,142 | €2,145 | -€2,997 | -58.3% |
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 19 October 2026 via checked.be.