THE SEASIDE: 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.
THE SEASIDE
Largest movements
- Cash +€54,622
up €54,622 (+240%), from €22,789 to €77,411
mainly Net result for the year (+€65,329) and Depreciation (+€8,711)
- Receivables within one year +€14,478
up €14,478 (+19.5%), from €74,393 to €88,870
of which Trade receivables: +€16,636
- Tangible fixed assets -€7,598
down €7,598 (-25.2%), from €30,148 to €22,550
of which Land and buildings: -€4,494
- Reserves +€33,501
up €33,501 (+317%), from €10,566 to €44,067
- Profit (loss) carried forward +€31,828
no longer reported in 2025 (was -€31,828)
- Debts after one year -€5,033
down €5,033 (-41.5%), from €12,123 to €7,090
- Gross operating margin +€84,658
up €84,658 (+157%), from €53,973 to €138,631
- Staff costs -€19,140
down €19,140 (-34.3%), from €55,734 to €36,594
- Other operating charges -€4,719
down €4,719 (-18.8%), from €25,101 to €20,383
- Financial income -€4,498
no longer reported in 2025 (was €4,498)
- Taxes +€4,012
new in 2025: €4,012
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 | €132,155 | €192,815 | +€60,660 | +45.9% |
| Fixed assets | 21/28 | €33,552 | €25,667 | -€7,885 | -23.5% |
| Intangible fixed assets | 21 | €2,704 | €2,417 | -€287 | -10.6% |
| Tangible fixed assets | 22/27 | €30,148 | €22,550 | -€7,598 | -25.2% |
| Land and buildings | 22 | €21,277 | €16,784 | -€4,494 | -21.1% |
| Plant, machinery and equipment | 23 | €3,788 | €3,550 | -€238 | -6.3% |
| Furniture and vehicles | 24 | €5,082 | €2,216 | -€2,866 | -56.4% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €98,604 | €167,149 | +€68,545 | +69.5% |
| Amounts receivable within one year | 40/41 | €74,393 | €88,870 | +€14,478 | +19.5% |
| Trade receivables | 40 | €50,043 | €66,680 | +€16,636 | +33.2% |
| Other amounts receivable | 41 | €24,349 | €22,190 | -€2,159 | -8.9% |
| Cash at bank and in hand | 54/58 | €22,789 | €77,411 | +€54,622 | +240% |
| Deferred charges and accrued income | 490/1 | €1,422 | €867 | -€555 | -39.0% |
| Total equity and liabilities | 10/49 | €132,155 | €192,815 | +€60,660 | +45.9% |
| Equity | 10/15 | -€1,262 | €64,067 | +€65,329 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €10,566 | €44,067 | +€33,501 | +317% |
| Distributable reserves | 133 | €10,566 | €44,067 | +€33,501 | +317% |
| Profit (loss) carried forward | 14 | -€31,828 | - | +€31,828 | |
| Amounts payable | 17/49 | €133,417 | €128,748 | -€4,669 | -3.5% |
| Amounts payable after more than one year | 17 | €12,123 | €7,090 | -€5,033 | -41.5% |
| Financial debts | 170/4 | €12,123 | €7,090 | -€5,033 | -41.5% |
| Amounts payable within one year | 42/48 | €121,294 | €121,658 | +€364 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €6,414 | €5,033 | -€1,381 | -21.5% |
| Trade debts | 44 | €15,893 | €17,585 | +€1,692 | +10.6% |
| Suppliers | 440/4 | €15,893 | €17,585 | +€1,692 | +10.6% |
| Taxes, remuneration and social security | 45 | €3,833 | €3,010 | -€823 | -21.5% |
| Taxes | 450/3 | €20 | - | -€20 | |
| Remuneration and social security | 454/9 | €3,813 | €3,010 | -€803 | -21.1% |
| Other amounts payable | 47/48 | €95,154 | €96,029 | +€875 | +0.9% |
| Remuneration, social security and pensions | 62 | €55,734 | €36,594 | -€19,140 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,796 | €8,711 | +€1,915 | +28.2% |
| Other operating charges | 640/8 | €25,101 | €20,383 | -€4,719 | -18.8% |
| Gross operating margin | 9900 | €53,973 | €138,631 | +€84,658 | +157% |
| Operating profit (loss) | 9901 | -€33,659 | €72,943 | +€106,602 | |
| Financial income | 75/76B | €4,498 | - | -€4,498 | |
| Recurring financial income | 75 | €4,498 | - | -€4,498 | |
| Financial charges | 65/66B | €2,668 | €3,602 | +€934 | +35.0% |
| Recurring financial charges | 65 | €2,668 | €3,602 | +€934 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | -€31,828 | €69,341 | +€101,169 | |
| Income taxes | 67/77 | - | €4,012 | +€4,012 | |
| Profit (loss) for the period | 9904 | -€31,828 | €65,329 | +€97,157 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,828 | €65,329 | +€97,157 |
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 21 October 2026 via checked.be.