SEQ CONSULT: 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.
SEQ CONSULT
Largest movements
- Receivables after one year +€66,198
new in 2025: €66,198
- Cash +€14,273
up €14,273 (+10.8%), from €132,091 to €146,364
mainly Net result for the year (+€75,393) and Tax, wage and social debts (+€2,565)
- Profit (loss) carried forward +€75,393
up €75,393 (+55.4%), from €135,978 to €211,371
- Tax, wage and social debts +€2,565
up €2,565 (+8.9%), from €28,786 to €31,350
- Financial income +€2,705
new in 2025: €2,705
- Gross operating margin -€2,403
down €2,403 (-2.4%), from €99,327 to €96,924
- Financial charges +€1,337
up €1,337 (+113.0%), from €1,183 to €2,520
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 | €168,756 | €245,522 | +€76,766 | +45.5% |
| Fixed assets | 21/28 | €9,190 | €8,878 | -€312 | -3.4% |
| Tangible fixed assets | 22/27 | €9,190 | €8,878 | -€312 | -3.4% |
| Plant, machinery and equipment | 23 | €6,277 | €5,228 | -€1,049 | -16.7% |
| Furniture and vehicles | 24 | €2,914 | €3,651 | +€737 | +25.3% |
| Current assets | 29/58 | €159,566 | €236,644 | +€77,078 | +48.3% |
| Amounts receivable after more than one year | 29 | - | €66,198 | +€66,198 | |
| Other amounts receivable | 291 | - | €66,198 | +€66,198 | |
| Amounts receivable within one year | 40/41 | €19,025 | €16,628 | -€2,398 | -12.6% |
| Trade receivables | 40 | €19,025 | €16,389 | -€2,636 | -13.9% |
| Other amounts receivable | 41 | - | €239 | +€239 | |
| Cash at bank and in hand | 54/58 | €132,091 | €146,364 | +€14,273 | +10.8% |
| Deferred charges and accrued income | 490/1 | €8,450 | €7,454 | -€996 | -11.8% |
| Total equity and liabilities | 10/49 | €168,756 | €245,522 | +€76,766 | +45.5% |
| Equity | 10/15 | €136,978 | €212,371 | +€75,393 | +55.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,978 | €211,371 | +€75,393 | +55.4% |
| Amounts payable | 17/49 | €31,778 | €33,151 | +€1,372 | +4.3% |
| Amounts payable within one year | 42/48 | €31,778 | €33,151 | +€1,372 | +4.3% |
| Trade debts | 44 | €2,544 | €219 | -€2,325 | -91.4% |
| Suppliers | 440/4 | €2,544 | €219 | -€2,325 | -91.4% |
| Taxes, remuneration and social security | 45 | €28,786 | €31,350 | +€2,565 | +8.9% |
| Taxes | 450/3 | €28,786 | €31,350 | +€2,565 | +8.9% |
| Other amounts payable | 47/48 | €449 | €1,581 | +€1,133 | +252.4% |
| Non-recurring operating income | 76A | €125 | €0 | -€125 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,085 | €1,874 | +€790 | +72.8% |
| Other operating charges | 640/8 | €155 | €0 | -€155 | -100.0% |
| Gross operating margin | 9900 | €99,327 | €96,924 | -€2,403 | -2.4% |
| Operating profit (loss) | 9901 | €98,088 | €95,050 | -€3,038 | -3.1% |
| Financial income | 75/76B | - | €2,705 | +€2,705 | |
| Recurring financial income | 75 | - | €2,705 | +€2,705 | |
| Financial charges | 65/66B | €1,183 | €2,520 | +€1,337 | +113.0% |
| Recurring financial charges | 65 | €1,183 | €2,520 | +€1,337 | +113.0% |
| Profit (loss) for the period before taxes | 9903 | €96,904 | €95,234 | -€1,670 | -1.7% |
| Income taxes | 67/77 | €19,948 | €19,841 | -€107 | -0.5% |
| Profit (loss) for the period | 9904 | €76,956 | €75,393 | -€1,563 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,956 | €75,393 | -€1,563 | -2.0% |
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 29 September 2026 via checked.be.