SEYHAN: 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.
SEYHAN
Largest movements
- Receivables within one year +€43,591
up €43,591 (+5.5%), from €794,524 to €838,115
of which Other amounts receivable: +€105,664
- Stocks and contracts +€38,689
up €38,689 (+383%), from €10,112 to €48,800
- Cash +€24,058
up €24,058 (+74.7%), from €32,213 to €56,272
mainly Net result for the year (+€77,817) and Other debts (+€26,500)
- Tangible fixed assets -€10,883
down €10,883 (-28.6%), from €38,113 to €27,230
of which Furniture and vehicles: -€10,169
- Reserves +€77,817
up €77,817 (+10.9%), from €714,040 to €791,857
of which Distributable reserves: +€77,817
- Other debts +€26,500
new in 2025: €26,500
- Trade debts -€18,771
down €18,771 (-16.9%), from €110,950 to €92,180
- Taxes +€16,041
up €16,041 (+53.9%), from €29,749 to €45,791
- Financial income +€10,204
up €10,204 (+107,182%), from €10 to €10,213
- Depreciation -€4,193
down €4,193 (-27.8%), from €15,076 to €10,883
- Gross operating margin +€3,547
up €3,547 (+2.8%), from €127,894 to €131,441
- Financial charges -€2,577
down €2,577 (-62.6%), from €4,118 to €1,540
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 | €876,174 | €970,866 | +€94,693 | +10.8% |
| Fixed assets | 21/28 | €38,143 | €27,260 | -€10,883 | -28.5% |
| Tangible fixed assets | 22/27 | €38,113 | €27,230 | -€10,883 | -28.6% |
| Land and buildings | 22 | €1,350 | €900 | -€450 | -33.3% |
| Plant, machinery and equipment | 23 | €1,294 | €1,030 | -€264 | -20.4% |
| Furniture and vehicles | 24 | €35,469 | €25,300 | -€10,169 | -28.7% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €838,030 | €943,606 | +€105,576 | +12.6% |
| Stocks and contracts in progress | 3 | €10,112 | €48,800 | +€38,689 | +383% |
| Stocks | 30/36 | €10,112 | €48,800 | +€38,689 | +383% |
| Amounts receivable within one year | 40/41 | €794,524 | €838,115 | +€43,591 | +5.5% |
| Trade receivables | 40 | €256,992 | €194,919 | -€62,073 | -24.2% |
| Other amounts receivable | 41 | €537,532 | €643,196 | +€105,664 | +19.7% |
| Cash at bank and in hand | 54/58 | €32,213 | €56,272 | +€24,058 | +74.7% |
| Deferred charges and accrued income | 490/1 | €1,182 | €420 | -€762 | -64.5% |
| Total equity and liabilities | 10/49 | €876,174 | €970,866 | +€94,693 | +10.8% |
| Equity | 10/15 | €732,640 | €810,457 | +€77,817 | +10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €714,040 | €791,857 | +€77,817 | +10.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €712,180 | €789,997 | +€77,817 | +10.9% |
| Amounts payable | 17/49 | €143,534 | €160,410 | +€16,876 | +11.8% |
| Amounts payable within one year | 42/48 | €143,534 | €160,410 | +€16,876 | +11.8% |
| Trade debts | 44 | €110,950 | €92,180 | -€18,771 | -16.9% |
| Suppliers | 440/4 | €110,950 | €92,180 | -€18,771 | -16.9% |
| Taxes, remuneration and social security | 45 | €32,583 | €41,730 | +€9,147 | +28.1% |
| Taxes | 450/3 | €32,583 | €41,730 | +€9,147 | +28.1% |
| Other amounts payable | 47/48 | - | €26,500 | +€26,500 | |
| Non-recurring operating income | 76A | €8,731 | €1,759 | -€6,973 | -79.9% |
| Remuneration, social security and pensions | 62 | €2,754 | €3,483 | +€729 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,076 | €10,883 | -€4,193 | -27.8% |
| Other operating charges | 640/8 | €2,117 | €2,140 | +€23 | +1.1% |
| Non-recurring operating charges | 66A | €1,000 | - | -€1,000 | |
| Gross operating margin | 9900 | €127,894 | €131,441 | +€3,547 | +2.8% |
| Operating profit (loss) | 9901 | €106,948 | €114,935 | +€7,987 | +7.5% |
| Financial income | 75/76B | €10 | €10,213 | +€10,204 | +107,182% |
| Recurring financial income | 75 | €10 | €10,213 | +€10,204 | +107,182% |
| Financial charges | 65/66B | €4,118 | €1,540 | -€2,577 | -62.6% |
| Recurring financial charges | 65 | €4,118 | €1,540 | -€2,577 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | €102,839 | €123,608 | +€20,768 | +20.2% |
| Income taxes | 67/77 | €29,749 | €45,791 | +€16,041 | +53.9% |
| Profit (loss) for the period | 9904 | €73,090 | €77,817 | +€4,727 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,090 | €77,817 | +€4,727 | +6.5% |
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.