SEQUIR: 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.
SEQUIR
Largest movements
- Tangible fixed assets -€34,735
down €34,735 (-5.6%), from €624,680 to €589,945
of which Land and buildings: -€19,862
- Cash +€14,132
up €14,132 (+63.5%), from €22,265 to €36,397
mainly Depreciation (+€43,349) and Net result for the year (+€39,269)
- Receivables within one year -€10,005
down €10,005 (-29.1%), from €34,405 to €24,400
of which Other amounts receivable: -€10,249
- Debts after one year -€61,120
down €61,120 (-16.5%), from €371,373 to €310,253
- Reserves +€36,769
up €36,769 (+18.5%), from €198,921 to €235,690
of which Distributable reserves: +€36,769
- Other debts -€13,500
down €13,500 (-84.4%), from €16,000 to €2,500
- Tax, wage and social debts +€10,757
up €10,757 (+108.0%), from €9,961 to €20,718
- Gross operating margin -€11,735
down €11,735 (-9.3%), from €126,323 to €114,588
- Depreciation +€2,941
up €2,941 (+7.3%), from €40,408 to €43,349
- Taxes +€2,282
up €2,282 (+17.0%), from €13,454 to €15,736
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 | €690,913 | €660,920 | -€29,993 | -4.3% |
| Fixed assets | 21/28 | €624,680 | €589,945 | -€34,735 | -5.6% |
| Tangible fixed assets | 22/27 | €624,680 | €589,945 | -€34,735 | -5.6% |
| Land and buildings | 22 | €550,884 | €531,022 | -€19,862 | -3.6% |
| Plant, machinery and equipment | 23 | €775 | €165 | -€610 | -78.7% |
| Furniture and vehicles | 24 | €73,021 | €58,758 | -€14,264 | -19.5% |
| Current assets | 29/58 | €66,233 | €70,975 | +€4,742 | +7.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €34,405 | €24,400 | -€10,005 | -29.1% |
| Trade receivables | 40 | €23,133 | €23,377 | +€244 | +1.1% |
| Other amounts receivable | 41 | €11,272 | €1,023 | -€10,249 | -90.9% |
| Cash at bank and in hand | 54/58 | €22,265 | €36,397 | +€14,132 | +63.5% |
| Deferred charges and accrued income | 490/1 | €9,564 | €10,178 | +€615 | +6.4% |
| Total equity and liabilities | 10/49 | €690,913 | €660,920 | -€29,993 | -4.3% |
| Equity | 10/15 | €211,321 | €248,090 | +€36,769 | +17.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €198,921 | €235,690 | +€36,769 | +18.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €198,921 | €235,690 | +€36,769 | +18.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €479,593 | €412,830 | -€66,763 | -13.9% |
| Amounts payable after more than one year | 17 | €371,373 | €310,253 | -€61,120 | -16.5% |
| Financial debts | 170/4 | €371,373 | €310,253 | -€61,120 | -16.5% |
| Amounts payable within one year | 42/48 | €106,269 | €100,674 | -€5,595 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €69,794 | €69,627 | -€167 | -0.2% |
| Financial debts | 43 | €10 | €189 | +€179 | +1790.8% |
| Credit institutions | 430/8 | €10 | €189 | +€179 | +1790.8% |
| Trade debts | 44 | €10,504 | €7,639 | -€2,864 | -27.3% |
| Suppliers | 440/4 | €10,504 | €7,639 | -€2,864 | -27.3% |
| Taxes, remuneration and social security | 45 | €9,961 | €20,718 | +€10,757 | +108.0% |
| Taxes | 450/3 | €9,961 | €20,718 | +€10,757 | +108.0% |
| Other amounts payable | 47/48 | €16,000 | €2,500 | -€13,500 | -84.4% |
| Accrued charges and deferred income | 492/3 | €1,951 | €1,903 | -€48 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,408 | €43,349 | +€2,941 | +7.3% |
| Other operating charges | 640/8 | €7,273 | €6,737 | -€536 | -7.4% |
| Gross operating margin | 9900 | €126,323 | €114,588 | -€11,735 | -9.3% |
| Operating profit (loss) | 9901 | €78,642 | €64,502 | -€14,140 | -18.0% |
| Financial income | 75/76B | €670 | €336 | -€334 | -49.9% |
| Recurring financial income | 75 | €670 | €336 | -€334 | -49.9% |
| Financial charges | 65/66B | €9,799 | €9,832 | +€33 | +0.3% |
| Recurring financial charges | 65 | €9,799 | €9,832 | +€33 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €69,513 | €55,006 | -€14,507 | -20.9% |
| Income taxes | 67/77 | €13,454 | €15,736 | +€2,282 | +17.0% |
| Profit (loss) for the period | 9904 | €56,058 | €39,269 | -€16,789 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,058 | €39,269 | -€16,789 | -29.9% |
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 9 October 2026 via checked.be.