't Seel: what changed
Two fiscal 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.
't Seel
Largest movements
- Cash +€9,052
up €9,052 (+60.9%), from €14,869 to €23,921
mainly Other debts (+€8,828) and Net result for the year (+€3,742)
- Tangible fixed assets -€1,716
down €1,716 (-1.2%), from €137,894 to €136,177
of which Land and buildings: -€1,426
- Other debts +€8,828
up €8,828 (+26.1%), from €33,866 to €42,693
- Trade debts -€4,094
down €4,094 (-50.1%), from €8,179 to €4,085
- Profit (loss) carried forward +€3,742
up €3,742 (+4.2%), from -€89,545 to -€85,803
- Debts after one year -€2,000
down €2,000 (-1.5%), from €136,584 to €134,584
- Gross operating margin -€1,903
down €1,903 (-14.8%), from €12,848 to €10,945
- Other operating charges +€513
up €513 (+11.7%), from €4,370 to €4,883
- Financial charges -€479
down €479 (-44.2%), from €1,084 to €604
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.
Cash bridge derived
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 | €160,623 | €167,098 | +€6,475 | +4.0% |
| Fixed assets | 21/28 | €137,894 | €136,177 | -€1,716 | -1.2% |
| Tangible fixed assets | 22/27 | €137,894 | €136,177 | -€1,716 | -1.2% |
| Land and buildings | 22 | €118,892 | €117,466 | -€1,426 | -1.2% |
| Plant, machinery and equipment | 23 | €992 | €702 | -€290 | -29.3% |
| Furniture and vehicles | 24 | €18,009 | €18,009 | = | 0.0% |
| Current assets | 29/58 | €22,730 | €30,921 | +€8,192 | +36.0% |
| Amounts receivable within one year | 40/41 | €7,000 | €7,000 | = | 0.0% |
| Other amounts receivable | 41 | €7,000 | €7,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,869 | €23,921 | +€9,052 | +60.9% |
| Deferred charges and accrued income | 490/1 | €860 | - | -€860 | |
| Total equity and liabilities | 10/49 | €160,623 | €167,098 | +€6,475 | +4.0% |
| Equity | 10/15 | -€18,006 | -€14,264 | +€3,742 | +20.8% |
| Contributions | 10/11 | €33,466 | €33,466 | = | 0.0% |
| Revaluation surpluses | 12 | €34,727 | €34,727 | = | 0.0% |
| Reserves | 13 | €3,347 | €3,347 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,347 | €3,347 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,347 | €3,347 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,545 | -€85,803 | +€3,742 | +4.2% |
| Amounts payable | 17/49 | €178,629 | €181,363 | +€2,734 | +1.5% |
| Amounts payable after more than one year | 17 | €136,584 | €134,584 | -€2,000 | -1.5% |
| Financial debts | 170/4 | €136,584 | €134,584 | -€2,000 | -1.5% |
| Amounts payable within one year | 42/48 | €42,045 | €46,779 | +€4,734 | +11.3% |
| Trade debts | 44 | €8,179 | €4,085 | -€4,094 | -50.1% |
| Suppliers | 440/4 | €8,179 | €4,085 | -€4,094 | -50.1% |
| Other amounts payable | 47/48 | €33,866 | €42,693 | +€8,828 | +26.1% |
| Non-recurring operating income | 76A | - | €26,164 | +€26,164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,716 | €1,716 | = | 0.0% |
| Other operating charges | 640/8 | €4,370 | €4,883 | +€513 | +11.7% |
| Gross operating margin | 9900 | €12,848 | €10,945 | -€1,903 | -14.8% |
| Operating profit (loss) | 9901 | €6,761 | €4,346 | -€2,415 | -35.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,084 | €604 | -€479 | -44.2% |
| Recurring financial charges | 65 | €1,084 | €604 | -€479 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €5,678 | €3,742 | -€1,937 | -34.1% |
| Profit (loss) for the period | 9904 | €5,678 | €3,742 | -€1,937 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,678 | €3,742 | -€1,937 | -34.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.