SeQR-Byte: 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.
SeQR-Byte
Largest movements
- Cash -€131,295
down €131,295 (-93.5%), from €140,482 to €9,187
mainly Contributions, distributions and other (-€130,000) and Tax, wage and social debts (-€10,640)
- Tangible fixed assets -€9,153
down €9,153 (-25.3%), from €36,239 to €27,086
of which Furniture and vehicles: -€7,915
- Deferred charges and accrued income -€5,971
down €5,971 (-92.7%), from €6,441 to €470
- Receivables within one year +€4,225
up €4,225 (+15.5%), from €27,174 to €31,399
of which Trade receivables: +€29,225
- Profit (loss) carried forward -€164,325
no longer reported in 2025 (was €164,325)
- Reserves +€34,598
new in 2025: €34,598
- Tax, wage and social debts -€10,640
down €10,640 (-51.5%), from €20,642 to €10,002
of which Taxes: -€12,740
- Other debts +€10,000
up €10,000 (+5,551%), from €180 to €10,180
- Debts after one year -€8,641
no longer reported in 2025 (was €8,641)
- Gross operating margin -€91,705
down €91,705 (-87.8%), from €104,452 to €12,746
- Taxes -€18,262
down €18,262 (-95.6%), from €19,099 to €837
- Depreciation -€2,251
down €2,251 (-18.0%), from €12,522 to €10,271
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 | €210,336 | €68,141 | -€142,195 | -67.6% |
| Fixed assets | 21/28 | €36,239 | €27,086 | -€9,153 | -25.3% |
| Tangible fixed assets | 22/27 | €36,239 | €27,086 | -€9,153 | -25.3% |
| Plant, machinery and equipment | 23 | €554 | €317 | -€237 | -42.8% |
| Furniture and vehicles | 24 | €32,672 | €24,757 | -€7,915 | -24.2% |
| Other tangible fixed assets | 26 | €3,013 | €2,012 | -€1,001 | -33.2% |
| Current assets | 29/58 | €174,097 | €41,056 | -€133,042 | -76.4% |
| Amounts receivable within one year | 40/41 | €27,174 | €31,399 | +€4,225 | +15.5% |
| Trade receivables | 40 | €2,165 | €31,390 | +€29,225 | +1,350% |
| Other amounts receivable | 41 | €25,009 | €9 | -€25,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €140,482 | €9,187 | -€131,295 | -93.5% |
| Deferred charges and accrued income | 490/1 | €6,441 | €470 | -€5,971 | -92.7% |
| Total equity and liabilities | 10/49 | €210,336 | €68,141 | -€142,195 | -67.6% |
| Equity | 10/15 | €167,325 | €37,598 | -€129,727 | -77.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €34,598 | +€34,598 | |
| Distributable reserves | 133 | - | €34,598 | +€34,598 | |
| Profit (loss) carried forward | 14 | €164,325 | - | -€164,325 | |
| Amounts payable | 17/49 | €43,011 | €30,543 | -€12,468 | -29.0% |
| Amounts payable after more than one year | 17 | €8,641 | - | -€8,641 | |
| Financial debts | 170/4 | €8,641 | - | -€8,641 | |
| Amounts payable within one year | 42/48 | €32,021 | €28,964 | -€3,057 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €10,042 | €8,641 | -€1,401 | -14.0% |
| Trade debts | 44 | €911 | €141 | -€770 | -84.5% |
| Suppliers | 440/4 | €911 | €141 | -€770 | -84.5% |
| Advances received on contracts in progress | 46 | €246 | - | -€246 | |
| Taxes, remuneration and social security | 45 | €20,642 | €10,002 | -€10,640 | -51.5% |
| Taxes | 450/3 | €20,642 | €7,902 | -€12,740 | -61.7% |
| Remuneration and social security | 454/9 | - | €2,100 | +€2,100 | |
| Other amounts payable | 47/48 | €180 | €10,180 | +€10,000 | +5,551% |
| Accrued charges and deferred income | 492/3 | €2,349 | €1,579 | -€770 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,522 | €10,271 | -€2,251 | -18.0% |
| Other operating charges | 640/8 | €257 | €658 | +€401 | +156% |
| Gross operating margin | 9900 | €104,452 | €12,746 | -€91,705 | -87.8% |
| Operating profit (loss) | 9901 | €91,673 | €1,817 | -€89,855 | -98.0% |
| Financial income | 75/76B | €1,051 | €158 | -€893 | -85.0% |
| Recurring financial income | 75 | €1,051 | €158 | -€893 | -85.0% |
| Financial charges | 65/66B | €1,130 | €864 | -€266 | -23.5% |
| Recurring financial charges | 65 | €1,130 | €864 | -€266 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €91,593 | €1,111 | -€90,483 | -98.8% |
| Income taxes | 67/77 | €19,099 | €837 | -€18,262 | -95.6% |
| Profit (loss) for the period | 9904 | €72,494 | €273 | -€72,220 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €72,494 | €273 | -€72,220 | -99.6% |
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 28 October 2026 via checked.be.