Sequesto: 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.
Sequesto
Largest movements
- Current investments +€1.8m
up €1.8m (+2984.0%), from €61,702 to €1.9m
- Intangible fixed assets +€159,668
up €159,668 (+16.8%), from €951,308 to €1.1m
- Receivables within one year +€153,099
up €153,099 (+152.6%), from €100,299 to €253,398
of which Trade receivables: +€132,250
- Cash +€62,165
up €62,165 (+64.6%), from €96,167 to €158,332
mainly Contributions, distributions and other (+€3.1m) and Accrued charges and deferred income (+€341,633)
- Contributions +€3.1m
up €3.1m (+488.1%), from €625,002 to €3.7m
- Debts after one year -€533,730
down €533,730 (-61.4%), from €869,013 to €335,282
- Profit (loss) carried forward -€527,373
down €527,373 (-95.6%), from -€551,540 to -€1.1m
- Accrued charges and deferred income +€341,633
up €341,633 (+12537.0%), from €2,725 to €344,358
- Other debts -€94,073
down €94,073 (-98.9%), from €95,124 to €1,051
- Gross operating margin -€336,245
down €336,245, from €194,128 to -€142,117
- Depreciation +€31,165
up €31,165 (+24.1%), from €129,110 to €160,275
- Staff costs -€24,762
down €24,762 (-12.7%), from €195,691 to €170,929
- Financial charges -€9,454
down €9,454 (-17.1%), from €55,220 to €45,766
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 | €1,216,581 | €3,465,185 | +€2.2m | +184.8% |
| Fixed assets | 21/28 | €951,681 | €1,139,353 | +€187,672 | +19.7% |
| Intangible fixed assets | 21 | €951,308 | €1,110,976 | +€159,668 | +16.8% |
| Tangible fixed assets | 22/27 | €373 | €9,402 | +€9,029 | +2423.1% |
| Furniture and vehicles | 24 | €373 | €9,402 | +€9,029 | +2423.1% |
| Financial fixed assets | 28 | - | €18,975 | +€18,975 | |
| Current assets | 29/58 | €264,900 | €2,325,832 | +€2.1m | +778.0% |
| Amounts receivable within one year | 40/41 | €100,299 | €253,398 | +€153,099 | +152.6% |
| Trade receivables | 40 | €99,962 | €232,212 | +€132,250 | +132.3% |
| Other amounts receivable | 41 | €337 | €21,186 | +€20,849 | +6185.8% |
| Current investments | 50/53 | €61,702 | €1,902,905 | +€1.8m | +2984.0% |
| Cash at bank and in hand | 54/58 | €96,167 | €158,332 | +€62,165 | +64.6% |
| Deferred charges and accrued income | 490/1 | €6,733 | €11,196 | +€4,464 | +66.3% |
| Total equity and liabilities | 10/49 | €1,216,581 | €3,465,185 | +€2.2m | +184.8% |
| Equity | 10/15 | €73,461 | €2,596,628 | +€2.5m | +3434.7% |
| Contributions | 10/11 | €625,002 | €3,675,541 | +€3.1m | +488.1% |
| Profit (loss) carried forward | 14 | -€551,540 | -€1,078,913 | -€527,373 | -95.6% |
| Amounts payable | 17/49 | €1,143,120 | €868,557 | -€274,563 | -24.0% |
| Amounts payable after more than one year | 17 | €869,013 | €335,282 | -€533,730 | -61.4% |
| Financial debts | 170/4 | €869,013 | €335,282 | -€533,730 | -61.4% |
| Amounts payable within one year | 42/48 | €271,382 | €188,916 | -€82,465 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €110,623 | €115,049 | +€4,426 | +4.0% |
| Trade debts | 44 | €37,772 | €39,302 | +€1,530 | +4.0% |
| Suppliers | 440/4 | €37,772 | €39,302 | +€1,530 | +4.0% |
| Taxes, remuneration and social security | 45 | €27,862 | €33,514 | +€5,652 | +20.3% |
| Taxes | 450/3 | €20,445 | €360 | -€20,084 | -98.2% |
| Remuneration and social security | 454/9 | €7,418 | €33,154 | +€25,736 | +347.0% |
| Other amounts payable | 47/48 | €95,124 | €1,051 | -€94,073 | -98.9% |
| Accrued charges and deferred income | 492/3 | €2,725 | €344,358 | +€341,633 | +12537.0% |
| Remuneration, social security and pensions | 62 | €195,691 | €170,929 | -€24,762 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,110 | €160,275 | +€31,165 | +24.1% |
| Other operating charges | 640/8 | €9,423 | €10,218 | +€795 | +8.4% |
| Gross operating margin | 9900 | €194,128 | -€142,117 | -€336,245 | |
| Operating profit (loss) | 9901 | -€140,096 | -€483,539 | -€343,443 | -245.1% |
| Financial income | 75/76B | €1,005 | €2,905 | +€1,900 | +189.0% |
| Recurring financial income | 75 | €1,005 | €2,905 | +€1,900 | +189.0% |
| Financial charges | 65/66B | €55,220 | €45,766 | -€9,454 | -17.1% |
| Recurring financial charges | 65 | €55,220 | €45,766 | -€9,454 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | -€194,311 | -€526,400 | -€332,089 | -170.9% |
| Income taxes | 67/77 | €331 | €973 | +€643 | +194.4% |
| Profit (loss) for the period | 9904 | -€194,641 | -€527,373 | -€332,732 | -170.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€194,641 | -€527,373 | -€332,732 | -170.9% |
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 8 October 2026 via checked.be.