SEAQUENCE: what changed
What changed
SEAQUENCE
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€141,674
2024 · €141,955-€281
Equity
€222,358
2024 · €220,684+€1,674
Cash
€90,941
2024 · €69,069+€21,873
Balance sheet total
€593,821
2024 · €627,030-€33,209
Largest movements
Assets
- Tangible fixed assets -€57,540
down €57,540 (-11.0%), from €521,770 to €464,230
- Cash +€21,873
up €21,873 (+31.7%), from €69,069 to €90,941
mainly Net result for the year (+€141,674) and Depreciation (+€59,325)
Equity and liabilities
- Debts after one year -€74,950
down €74,950 (-52.6%), from €142,394 to €67,444
- Other debts +€19,013
up €19,013 (+10.5%), from €181,537 to €200,550
- Tax, wage and social debts +€18,128
up €18,128 (+365%), from €4,970 to €23,098
of which Taxes: +€18,128
Income statement
- Taxes +€8,349
up €8,349 (+20.0%), from €41,750 to €50,098
- Gross operating margin +€4,767
up €4,767 (+1.9%), from €252,676 to €257,443
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€141,955
Gross operating margin
+€4,767
Depreciation
+€632
Other operating charges
+€519
Financial income
+€14
Financial charges
+€2,136
Taxes
-€8,349
Result 2025
€141,674
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€240,435
Investment
-€1,784
Financing
-€216,778
Cash 2024
€69,069
From operations (derived)
+€240,435
Net result for the year
+€141,674
Depreciation
+€59,325
Receivables within one year
-€2,238
Deferred charges and accrued income
-€221
Trade debts
+€4,754
Tax, wage and social debts
+€18,128
Other debts
+€19,013
Investment (derived)
-€1,784
Investment in fixed assets (net)
-€1,784
Financing
-€216,778
Debts after one year
-€74,950
Current portion of long-term debt
-€1,828
Contributions, distributions and other
-€140,000
Cash 2025
€90,941
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €627,030 | €593,821 | -€33,209 | -5.3% |
| Fixed assets | 21/28 | €521,770 | €464,230 | -€57,540 | -11.0% |
| Tangible fixed assets | 22/27 | €521,770 | €464,230 | -€57,540 | -11.0% |
| Furniture and vehicles | 24 | €521,770 | €464,230 | -€57,540 | -11.0% |
| Current assets | 29/58 | €105,260 | €129,592 | +€24,331 | +23.1% |
| Amounts receivable within one year | 40/41 | €31,514 | €33,752 | +€2,238 | +7.1% |
| Trade receivables | 40 | €28,264 | €30,501 | +€2,238 | +7.9% |
| Other amounts receivable | 41 | €3,250 | €3,250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €69,069 | €90,941 | +€21,873 | +31.7% |
| Deferred charges and accrued income | 490/1 | €4,678 | €4,899 | +€221 | +4.7% |
| Total equity and liabilities | 10/49 | €627,030 | €593,821 | -€33,209 | -5.3% |
| Equity | 10/15 | €220,684 | €222,358 | +€1,674 | +0.8% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €224 | €1,898 | +€1,674 | +749% |
| Amounts payable | 17/49 | €406,347 | €371,464 | -€34,883 | -8.6% |
| Amounts payable after more than one year | 17 | €142,394 | €67,444 | -€74,950 | -52.6% |
| Financial debts | 170/4 | €142,394 | €67,444 | -€74,950 | -52.6% |
| Amounts payable within one year | 42/48 | €263,952 | €304,019 | +€40,067 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €76,778 | €74,950 | -€1,828 | -2.4% |
| Trade debts | 44 | €667 | €5,421 | +€4,754 | +713% |
| Suppliers | 440/4 | €667 | €5,421 | +€4,754 | +713% |
| Taxes, remuneration and social security | 45 | €4,970 | €23,098 | +€18,128 | +365% |
| Taxes | 450/3 | €4,970 | €23,098 | +€18,128 | +365% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €181,537 | €200,550 | +€19,013 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,957 | €59,325 | -€632 | -1.1% |
| Other operating charges | 640/8 | €1,834 | €1,315 | -€519 | -28.3% |
| Gross operating margin | 9900 | €252,676 | €257,443 | +€4,767 | +1.9% |
| Operating profit (loss) | 9901 | €190,885 | €196,803 | +€5,918 | +3.1% |
| Financial income | 75/76B | €422 | €435 | +€14 | +3.2% |
| Recurring financial income | 75 | €422 | €435 | +€14 | +3.2% |
| Financial charges | 65/66B | €7,602 | €5,466 | -€2,136 | -28.1% |
| Recurring financial charges | 65 | €7,602 | €5,466 | -€2,136 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €183,705 | €191,772 | +€8,068 | +4.4% |
| Income taxes | 67/77 | €41,750 | €50,098 | +€8,349 | +20.0% |
| Profit (loss) for the period | 9904 | €141,955 | €141,674 | -€281 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €141,955 | €141,674 | -€281 | -0.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.