SEBACO: 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.
SEBACO
Largest movements
- Cash -€23,220
down €23,220 (-34.8%), from €66,778 to €43,557
mainly Debts after one year (-€32,510) and Receivables within one year (-€9,074)
- Tangible fixed assets -€16,327
down €16,327 (-21.1%), from €77,457 to €61,131
of which Furniture and vehicles: -€16,019
- Receivables within one year +€9,074
up €9,074 (+235%), from €3,864 to €12,938
of which Trade receivables: +€7,260
- Debts after one year -€32,510
down €32,510 (-27.8%), from €117,047 to €84,537
- Depreciation +€12,780
up €12,780 (+360%), from €3,546 to €16,327
- Gross operating margin -€5,967
down €5,967 (-39.9%), from €14,946 to €8,979
- Financial charges +€1,667
up €1,667 (+57.3%), from €2,910 to €4,577
- Taxes -€1,219
down €1,219 (-79.0%), from €1,543 to €324
- Other operating charges -€1,100
down €1,100 (-41.8%), from €2,629 to €1,529
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 | €300,266 | €269,936 | -€30,330 | -10.1% |
| Fixed assets | 21/28 | €227,457 | €211,131 | -€16,327 | -7.2% |
| Tangible fixed assets | 22/27 | €77,457 | €61,131 | -€16,327 | -21.1% |
| Plant, machinery and equipment | 23 | €600 | €293 | -€307 | -51.2% |
| Furniture and vehicles | 24 | €76,857 | €60,838 | -€16,019 | -20.8% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €72,809 | €58,805 | -€14,004 | -19.2% |
| Amounts receivable within one year | 40/41 | €3,864 | €12,938 | +€9,074 | +235% |
| Trade receivables | 40 | - | €7,260 | +€7,260 | |
| Other amounts receivable | 41 | €3,864 | €5,678 | +€1,814 | +47.0% |
| Cash at bank and in hand | 54/58 | €66,778 | €43,557 | -€23,220 | -34.8% |
| Deferred charges and accrued income | 490/1 | €2,168 | €2,310 | +€142 | +6.5% |
| Total equity and liabilities | 10/49 | €300,266 | €269,936 | -€30,330 | -10.1% |
| Equity | 10/15 | €91,065 | €93,287 | +€2,222 | +2.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €67,000 | €67,000 | = | 0.0% |
| Distributable reserves | 133 | €67,000 | €67,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,065 | €24,287 | +€2,222 | +10.1% |
| Amounts payable | 17/49 | €209,201 | €176,649 | -€32,553 | -15.6% |
| Amounts payable after more than one year | 17 | €117,047 | €84,537 | -€32,510 | -27.8% |
| Financial debts | 170/4 | €117,047 | €84,537 | -€32,510 | -27.8% |
| Amounts payable within one year | 42/48 | €92,154 | €92,112 | -€43 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €32,733 | €33,724 | +€992 | +3.0% |
| Trade debts | 44 | - | €625 | +€625 | |
| Suppliers | 440/4 | - | €625 | +€625 | |
| Taxes, remuneration and social security | 45 | €4,543 | €3,000 | -€1,543 | -34.0% |
| Taxes | 450/3 | €4,543 | €3,000 | -€1,543 | -34.0% |
| Other amounts payable | 47/48 | €54,879 | €54,762 | -€116 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,546 | €16,327 | +€12,780 | +360% |
| Other operating charges | 640/8 | €2,629 | €1,529 | -€1,100 | -41.8% |
| Gross operating margin | 9900 | €14,946 | €8,979 | -€5,967 | -39.9% |
| Operating profit (loss) | 9901 | €8,770 | -€8,877 | -€17,647 | |
| Financial income | 75/76B | €15,000 | €16,000 | +€1,000 | +6.7% |
| Recurring financial income | 75 | €15,000 | €16,000 | +€1,000 | +6.7% |
| Financial charges | 65/66B | €2,910 | €4,577 | +€1,667 | +57.3% |
| Recurring financial charges | 65 | €2,910 | €4,577 | +€1,667 | +57.3% |
| Profit (loss) for the period before taxes | 9903 | €20,861 | €2,546 | -€18,314 | -87.8% |
| Income taxes | 67/77 | €1,543 | €324 | -€1,219 | -79.0% |
| Profit (loss) for the period | 9904 | €19,317 | €2,222 | -€17,095 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,317 | €2,222 | -€17,095 | -88.5% |
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 22 October 2026 via checked.be.