SEQUENCE CONCEPT: 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.
SEQUENCE CONCEPT
Largest movements
- Tangible fixed assets -€19,254
down €19,254 (-4.3%), from €443,363 to €424,109
of which Furniture and vehicles: -€11,255
- Receivables within one year -€7,559
no longer reported in 2025 (was €7,559)
- Profit (loss) carried forward +€29,008
up €29,008 (+16.8%), from €172,812 to €201,820
- Current portion of long-term debt -€24,541
down €24,541 (-82.7%), from €29,662 to €5,121
- Other debts -€21,229
down €21,229 (-44.2%), from €48,075 to €26,846
- Reserves -€6,996
down €6,996 (-8.8%), from €79,127 to €72,131
of which Tax-exempt reserves: -€6,996
- Tax, wage and social debts +€5,585
up €5,585 (+62.4%), from €8,950 to €14,535
- Gross operating margin +€21,554
up €21,554 (+39.4%), from €54,642 to €76,196
- Taxes +€5,583
up €5,583 (+62.4%), from €8,950 to €14,533
- Depreciation +€3,272
up €3,272 (+11.0%), from €29,863 to €33,135
- Financial charges -€1,734
down €1,734 (-40.1%), from €4,324 to €2,590
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 | €455,780 | €428,100 | -€27,680 | -6.1% |
| Fixed assets | 21/28 | €443,363 | €424,109 | -€19,254 | -4.3% |
| Tangible fixed assets | 22/27 | €443,363 | €424,109 | -€19,254 | -4.3% |
| Land and buildings | 22 | €409,377 | €401,378 | -€7,999 | -2.0% |
| Furniture and vehicles | 24 | €33,986 | €22,731 | -€11,255 | -33.1% |
| Current assets | 29/58 | €12,417 | €3,991 | -€8,426 | -67.9% |
| Amounts receivable within one year | 40/41 | €7,559 | - | -€7,559 | |
| Trade receivables | 40 | €7,559 | - | -€7,559 | |
| Cash at bank and in hand | 54/58 | €2,011 | €981 | -€1,031 | -51.3% |
| Deferred charges and accrued income | 490/1 | €2,846 | €3,011 | +€165 | +5.8% |
| Total equity and liabilities | 10/49 | €455,780 | €428,100 | -€27,680 | -6.1% |
| Equity | 10/15 | €313,939 | €335,951 | +€22,012 | +7.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €79,127 | €72,131 | -€6,996 | -8.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €72,927 | €65,931 | -€6,996 | -9.6% |
| Profit (loss) carried forward | 14 | €172,812 | €201,820 | +€29,008 | +16.8% |
| Provisions and deferred taxes | 16 | €32,993 | €30,662 | -€2,332 | -7.1% |
| Deferred taxes | 168 | €32,993 | €30,662 | -€2,332 | -7.1% |
| Amounts payable | 17/49 | €108,848 | €61,488 | -€47,360 | -43.5% |
| Amounts payable after more than one year | 17 | €18,201 | €13,080 | -€5,121 | -28.1% |
| Financial debts | 170/4 | €5,121 | - | -€5,121 | |
| Other amounts payable | 178/9 | €13,080 | €13,080 | = | 0.0% |
| Amounts payable within one year | 42/48 | €90,647 | €47,269 | -€43,379 | -47.9% |
| Current portion of amounts payable after more than one year | 42 | €29,662 | €5,121 | -€24,541 | -82.7% |
| Trade debts | 44 | €3,960 | €766 | -€3,193 | -80.6% |
| Suppliers | 440/4 | €3,960 | €766 | -€3,193 | -80.6% |
| Taxes, remuneration and social security | 45 | €8,950 | €14,535 | +€5,585 | +62.4% |
| Taxes | 450/3 | €8,950 | €14,535 | +€5,585 | +62.4% |
| Other amounts payable | 47/48 | €48,075 | €26,846 | -€21,229 | -44.2% |
| Accrued charges and deferred income | 492/3 | - | €1,139 | +€1,139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,863 | €33,135 | +€3,272 | +11.0% |
| Other operating charges | 640/8 | €6,015 | €6,357 | +€342 | +5.7% |
| Gross operating margin | 9900 | €54,642 | €76,196 | +€21,554 | +39.4% |
| Operating profit (loss) | 9901 | €18,764 | €36,704 | +€17,940 | +95.6% |
| Financial income | 75/76B | - | €100 | +€100 | |
| Recurring financial income | 75 | - | €100 | +€100 | |
| Financial charges | 65/66B | €4,324 | €2,590 | -€1,734 | -40.1% |
| Recurring financial charges | 65 | €4,324 | €2,590 | -€1,734 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | €14,440 | €34,214 | +€19,774 | +137% |
| Transfer from deferred taxes | 780 | €2,332 | €2,332 | = | 0.0% |
| Income taxes | 67/77 | €8,950 | €14,533 | +€5,583 | +62.4% |
| Profit (loss) for the period | 9904 | €7,822 | €22,012 | +€14,191 | +181% |
| Transfer from tax-exempt reserves | 789 | €6,996 | €6,996 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,817 | €29,008 | +€14,191 | +95.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.