SEquences: 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.
SEquences
Largest movements
- Receivables within one year -€89,557
down €89,557 (-98.0%), from €91,376 to €1,819
of which Trade receivables: -€89,337
- Cash +€9,228
up €9,228 (+856.5%), from €1,077 to €10,305
mainly Receivables within one year (+€89,557) and Depreciation (+€2,463)
- Tangible fixed assets +€2,205
up €2,205 (+118.3%), from €1,864 to €4,069
of which Furniture and vehicles: +€2,757
- Profit (loss) carried forward -€50,841
down €50,841 (-87.5%), from -€58,133 to -€108,974
- Other debts -€26,930
down €26,930 (-28.3%), from €95,000 to €68,070
- Trade debts -€1,992
down €1,992 (-68.3%), from €2,918 to €925
- Gross operating margin -€29,553
down €29,553 (-267.5%), from -€11,047 to -€40,600
- Other operating charges -€2,954
down €2,954 (-30.0%), from €9,837 to €6,883
- Depreciation -€611
down €611 (-19.9%), from €3,074 to €2,463
- Taxes -€464
down €464 (-53.4%), from €870 to €405
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 | €95,139 | €16,193 | -€78,945 | -83.0% |
| Fixed assets | 21/28 | €2,514 | €4,069 | +€1,555 | +61.8% |
| Tangible fixed assets | 22/27 | €1,864 | €4,069 | +€2,205 | +118.3% |
| Plant, machinery and equipment | 23 | €1,199 | €647 | -€552 | -46.1% |
| Furniture and vehicles | 24 | €665 | €3,422 | +€2,757 | +414.4% |
| Financial fixed assets | 28 | €650 | €0 | -€650 | -100.0% |
| Current assets | 29/58 | €92,624 | €12,124 | -€80,500 | -86.9% |
| Amounts receivable within one year | 40/41 | €91,376 | €1,819 | -€89,557 | -98.0% |
| Trade receivables | 40 | €90,000 | €663 | -€89,337 | -99.3% |
| Other amounts receivable | 41 | €1,376 | €1,156 | -€220 | -16.0% |
| Cash at bank and in hand | 54/58 | €1,077 | €10,305 | +€9,228 | +856.5% |
| Deferred charges and accrued income | 490/1 | €171 | €0 | -€171 | -100.0% |
| Total equity and liabilities | 10/49 | €95,139 | €16,193 | -€78,945 | -83.0% |
| Equity | 10/15 | -€3,510 | -€54,350 | -€50,841 | -1448.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,424 | €48,424 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €48,424 | €48,424 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,133 | -€108,974 | -€50,841 | -87.5% |
| Amounts payable | 17/49 | €98,648 | €70,544 | -€28,104 | -28.5% |
| Amounts payable within one year | 42/48 | €98,648 | €70,544 | -€28,104 | -28.5% |
| Financial debts | 43 | €187 | €600 | +€413 | +220.6% |
| Credit institutions | 430/8 | €187 | €600 | +€413 | +220.6% |
| Trade debts | 44 | €2,918 | €925 | -€1,992 | -68.3% |
| Suppliers | 440/4 | €2,918 | €925 | -€1,992 | -68.3% |
| Taxes, remuneration and social security | 45 | €543 | €948 | +€405 | +74.7% |
| Taxes | 450/3 | €543 | €948 | +€405 | +74.7% |
| Other amounts payable | 47/48 | €95,000 | €68,070 | -€26,930 | -28.3% |
| Non-recurring operating income | 76A | €3,394 | €0 | -€3,394 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,074 | €2,463 | -€611 | -19.9% |
| Other operating charges | 640/8 | €9,837 | €6,883 | -€2,954 | -30.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€11,047 | -€40,600 | -€29,553 | -267.5% |
| Operating profit (loss) | 9901 | -€23,958 | -€49,947 | -€25,989 | -108.5% |
| Financial income | 75/76B | €0 | €2 | +€2 | +2000.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +2000.0% |
| Financial charges | 65/66B | €461 | €491 | +€30 | +6.6% |
| Recurring financial charges | 65 | €461 | €491 | +€30 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,418 | -€50,435 | -€26,017 | -106.5% |
| Income taxes | 67/77 | €870 | €405 | -€464 | -53.4% |
| Profit (loss) for the period | 9904 | -€25,288 | -€50,841 | -€25,553 | -101.0% |
| Transfer from tax-exempt reserves | 789 | €2,124 | €0 | -€2,124 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,164 | -€50,841 | -€27,677 | -119.5% |
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 28 September 2026 via checked.be.