SEKWENS: 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.
SEKWENS
Largest movements
- Tangible fixed assets -€63,527
down €63,527 (-8.1%), from €788,254 to €724,727
- Cash +€23,081
up €23,081 (+22.6%), from €102,314 to €125,395
mainly Depreciation (+€63,527) and Net result for the year (+€21,835)
- Provisions -€17,538
down €17,538 (-8.1%), from €216,962 to €199,424
- Reserves -€14,622
down €14,622 (-2.3%), from €645,677 to €631,055
of which Tax-exempt reserves: -€36,883
- Gross operating margin +€5,587
up €5,587 (+5.8%), from €97,099 to €102,687
- Taxes +€1,596
up €1,596 (+6.1%), from €26,167 to €27,763
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 | €905,326 | €866,469 | -€38,857 | -4.3% |
| Fixed assets | 21/28 | €796,137 | €732,951 | -€63,187 | -7.9% |
| Tangible fixed assets | 22/27 | €788,254 | €724,727 | -€63,527 | -8.1% |
| Land and buildings | 22 | €788,254 | €724,727 | -€63,527 | -8.1% |
| Financial fixed assets | 28 | €7,884 | €8,224 | +€340 | +4.3% |
| Current assets | 29/58 | €109,189 | €133,518 | +€24,329 | +22.3% |
| Amounts receivable within one year | 40/41 | €922 | €2,934 | +€2,012 | +218% |
| Trade receivables | 40 | €922 | €278 | -€644 | -69.9% |
| Other amounts receivable | 41 | - | €2,656 | +€2,656 | |
| Cash at bank and in hand | 54/58 | €102,314 | €125,395 | +€23,081 | +22.6% |
| Deferred charges and accrued income | 490/1 | €5,953 | €5,189 | -€764 | -12.8% |
| Total equity and liabilities | 10/49 | €905,326 | €866,469 | -€38,857 | -4.3% |
| Equity | 10/15 | €664,802 | €650,180 | -€14,622 | -2.2% |
| Contributions | 10/11 | €19,125 | €19,125 | = | 0.0% |
| Reserves | 13 | €645,677 | €631,055 | -€14,622 | -2.3% |
| Non-distributable reserves | 130/1 | €1,913 | €1,913 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,913 | €1,913 | = | 0.0% |
| Tax-exempt reserves | 132 | €456,285 | €419,402 | -€36,883 | -8.1% |
| Distributable reserves | 133 | €187,480 | €209,740 | +€22,260 | +11.9% |
| Provisions and deferred taxes | 16 | €216,962 | €199,424 | -€17,538 | -8.1% |
| Deferred taxes | 168 | €216,962 | €199,424 | -€17,538 | -8.1% |
| Amounts payable | 17/49 | €23,562 | €16,864 | -€6,697 | -28.4% |
| Amounts payable within one year | 42/48 | €21,418 | €15,464 | -€5,954 | -27.8% |
| Trade debts | 44 | €2,855 | €4,959 | +€2,104 | +73.7% |
| Suppliers | 440/4 | €2,855 | €4,959 | +€2,104 | +73.7% |
| Advances received on contracts in progress | 46 | €10,455 | €10,455 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,927 | - | -€3,927 | |
| Taxes | 450/3 | €3,927 | - | -€3,927 | |
| Other amounts payable | 47/48 | €4,181 | €50 | -€4,131 | -98.8% |
| Accrued charges and deferred income | 492/3 | €2,144 | €1,401 | -€743 | -34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,527 | €63,527 | = | 0.0% |
| Other operating charges | 640/8 | €7,359 | €7,654 | +€295 | +4.0% |
| Gross operating margin | 9900 | €97,099 | €102,687 | +€5,587 | +5.8% |
| Operating profit (loss) | 9901 | €26,213 | €31,506 | +€5,292 | +20.2% |
| Financial income | 75/76B | €426 | €633 | +€208 | +48.8% |
| Recurring financial income | 75 | €226 | €633 | +€408 | +181% |
| Non-recurring financial income | 76B | €200 | - | -€200 | |
| Financial charges | 65/66B | €61 | €78 | +€17 | +28.5% |
| Recurring financial charges | 65 | €61 | €78 | +€17 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €26,578 | €32,061 | +€5,483 | +20.6% |
| Transfer from deferred taxes | 780 | €17,538 | €17,538 | = | 0.0% |
| Income taxes | 67/77 | €26,167 | €27,763 | +€1,596 | +6.1% |
| Profit (loss) for the period | 9904 | €17,948 | €21,835 | +€3,888 | +21.7% |
| Transfer from tax-exempt reserves | 789 | €36,883 | €36,883 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,831 | €58,718 | +€3,888 | +7.1% |
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 14 October 2026 via checked.be.