SEQUOIA BAY: 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.
SEQUOIA BAY
Largest movements
- Financial fixed assets -€332,500
down €332,500 (-100%), from €332,500 to €0
- Receivables within one year +€149,534
up €149,534 (+502%), from €29,788 to €179,322
- Tangible fixed assets +€121,285
up €121,285 (+695%), from €17,458 to €138,743
of which Furniture and vehicles: +€81,567
- Other debts -€40,000
no longer reported in 2024 (was €40,000)
- Debts after one year -€22,200
down €22,200 (-34.7%), from €63,920 to €41,720
- Reserves +€8,500
up €8,500 (+41.5%), from €20,488 to €28,988
of which Distributable reserves: +€6,000
- Current portion of long-term debt -€7,407
no longer reported in 2024 (was €7,407)
- Financial income +€292,500
new in 2024: €292,500
- Gross operating margin -€253,845
down €253,845, from €7,562 to -€246,283
- Depreciation +€25,832
up €25,832 (+301%), from €8,571 to €34,403
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €381,858 | €320,982 | -€60,876 | -15.9% |
| Fixed assets | 21/28 | €349,958 | €138,743 | -€211,215 | -60.4% |
| Tangible fixed assets | 22/27 | €17,458 | €138,743 | +€121,285 | +695% |
| Plant, machinery and equipment | 23 | €360 | €40,078 | +€39,718 | +11,033% |
| Furniture and vehicles | 24 | €17,098 | €98,665 | +€81,567 | +477% |
| Financial fixed assets | 28 | €332,500 | €0 | -€332,500 | -100% |
| Current assets | 29/58 | €31,900 | €182,239 | +€150,339 | +471% |
| Amounts receivable within one year | 40/41 | €29,788 | €179,322 | +€149,534 | +502% |
| Other amounts receivable | 41 | €29,788 | €179,322 | +€149,534 | +502% |
| Cash at bank and in hand | 54/58 | €2,111 | €2,917 | +€806 | +38.2% |
| Deferred charges and accrued income | 490/1 | €1 | - | -€1 | |
| Total equity and liabilities | 10/49 | €381,858 | €320,982 | -€60,876 | -15.9% |
| Equity | 10/15 | €270,531 | €279,262 | +€8,731 | +3.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €20,488 | €28,988 | +€8,500 | +41.5% |
| Non-distributable reserves | 130/1 | €1,638 | €4,138 | +€2,500 | +153% |
| Legal reserve | 130 | €1,638 | €4,138 | +€2,500 | +153% |
| Distributable reserves | 133 | €18,850 | €24,850 | +€6,000 | +31.8% |
| Profit (loss) carried forward | 14 | €43 | €274 | +€231 | +537% |
| Amounts payable | 17/49 | €111,327 | €41,720 | -€69,607 | -62.5% |
| Amounts payable after more than one year | 17 | €63,920 | €41,720 | -€22,200 | -34.7% |
| Financial debts | 170/4 | €63,920 | €41,720 | -€22,200 | -34.7% |
| Amounts payable within one year | 42/48 | €47,407 | - | -€47,407 | |
| Current portion of amounts payable after more than one year | 42 | €7,407 | - | -€7,407 | |
| Other amounts payable | 47/48 | €40,000 | - | -€40,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,571 | €34,403 | +€25,832 | +301% |
| Other operating charges | 640/8 | €1,406 | €2,117 | +€711 | +50.6% |
| Gross operating margin | 9900 | €7,562 | -€246,283 | -€253,845 | |
| Operating profit (loss) | 9901 | -€2,415 | -€282,803 | -€280,388 | -11,610% |
| Financial income | 75/76B | - | €292,500 | +€292,500 | |
| Recurring financial income | 75 | - | €292,500 | +€292,500 | |
| Financial charges | 65/66B | €735 | €551 | -€184 | -25.0% |
| Recurring financial charges | 65 | €735 | €551 | -€184 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,150 | €9,146 | +€12,296 | |
| Income taxes | 67/77 | €1,540 | €416 | -€1,124 | -73.0% |
| Profit (loss) for the period | 9904 | -€4,690 | €8,730 | +€13,420 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,690 | €8,730 | +€13,420 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.