SEQUENT: 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.
SEQUENT
Largest movements
- Cash -€11,453
down €11,453 (-18.1%), from €63,142 to €51,688
mainly Contributions, distributions and other (-€84,000) and Receivables within one year (-€7,917)
- Receivables within one year +€7,917
up €7,917 (+64.1%), from €12,359 to €20,276
of which Trade receivables: +€7,278
- Current investments +€1,679
up €1,679 (+6.3%), from €26,835 to €28,514
- Profit (loss) carried forward -€35,496
down €35,496 (-98.4%), from €36,058 to €562
- Other debts +€31,362
up €31,362 (+59.6%), from €52,638 to €84,000
- Tax, wage and social debts +€4,359
up €4,359 (+85.0%), from €5,127 to €9,486
- Trade debts -€3,463
down €3,463 (-52.2%), from €6,635 to €3,172
- Gross operating margin +€13,835
up €13,835 (+26.2%), from €52,903 to €66,738
- Financial income -€10,689
down €10,689 (-92.7%), from €11,528 to €839
- Taxes +€3,866
up €3,866 (+30.0%), from €12,883 to €16,749
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 | €108,519 | €105,281 | -€3,238 | -3.0% |
| Fixed assets | 21/28 | €4,327 | €3,322 | -€1,005 | -23.2% |
| Tangible fixed assets | 22/27 | €4,327 | €3,322 | -€1,005 | -23.2% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,327 | €3,322 | -€1,005 | -23.2% |
| Current assets | 29/58 | €104,192 | €101,959 | -€2,233 | -2.1% |
| Amounts receivable within one year | 40/41 | €12,359 | €20,276 | +€7,917 | +64.1% |
| Trade receivables | 40 | €9,159 | €16,438 | +€7,278 | +79.5% |
| Other amounts receivable | 41 | €3,200 | €3,838 | +€638 | +19.9% |
| Current investments | 50/53 | €26,835 | €28,514 | +€1,679 | +6.3% |
| Cash at bank and in hand | 54/58 | €63,142 | €51,688 | -€11,453 | -18.1% |
| Deferred charges and accrued income | 490/1 | €1,856 | €1,481 | -€375 | -20.2% |
| Total equity and liabilities | 10/49 | €108,519 | €105,281 | -€3,238 | -3.0% |
| Equity | 10/15 | €44,118 | €8,622 | -€35,496 | -80.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,058 | €562 | -€35,496 | -98.4% |
| Amounts payable | 17/49 | €64,400 | €96,658 | +€32,258 | +50.1% |
| Amounts payable within one year | 42/48 | €64,400 | €96,658 | +€32,258 | +50.1% |
| Trade debts | 44 | €6,635 | €3,172 | -€3,463 | -52.2% |
| Suppliers | 440/4 | €6,635 | €3,172 | -€3,463 | -52.2% |
| Taxes, remuneration and social security | 45 | €5,127 | €9,486 | +€4,359 | +85.0% |
| Taxes | 450/3 | €5,127 | €9,486 | +€4,359 | +85.0% |
| Other amounts payable | 47/48 | €52,638 | €84,000 | +€31,362 | +59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,507 | €1,005 | -€502 | -33.3% |
| Other operating charges | 640/8 | €1,167 | €1,197 | +€30 | +2.6% |
| Gross operating margin | 9900 | €52,903 | €66,738 | +€13,835 | +26.2% |
| Operating profit (loss) | 9901 | €50,229 | €64,536 | +€14,307 | +28.5% |
| Financial income | 75/76B | €11,528 | €839 | -€10,689 | -92.7% |
| Recurring financial income | 75 | €11,528 | €839 | -€10,689 | -92.7% |
| Financial charges | 65/66B | €0 | €122 | +€121 | +25751.1% |
| Recurring financial charges | 65 | €0 | €122 | +€121 | +25751.1% |
| Profit (loss) for the period before taxes | 9903 | €61,756 | €65,253 | +€3,497 | +5.7% |
| Income taxes | 67/77 | €12,883 | €16,749 | +€3,866 | +30.0% |
| Profit (loss) for the period | 9904 | €48,873 | €48,504 | -€369 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,873 | €48,504 | -€369 | -0.8% |
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 6 October 2026 via checked.be.