SEQUOIA PROJECTS: 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.
SEQUOIA PROJECTS
Largest movements
- Receivables within one year +€977,784
up €977,784 (+19.7%), from €5.0m to €5.9m
of which Other amounts receivable: +€733,560
- Reserves +€1.0m
up €1.0m (+20.0%), from €5.0m to €6.0m
- Gross operating margin +€243,967
up €243,967 (+21.8%), from €1.1m to €1.4m
- Taxes +€87,706
up €87,706 (+23.6%), from €372,311 to €460,017
- Financial income +€22,685
up €22,685 (+28.7%), from €78,913 to €101,598
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 | €5,057,173 | €6,069,484 | +€1.0m | +20.0% |
| Fixed assets | 21/28 | €60 | €60 | = | 0.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €5,057,113 | €6,069,424 | +€1.0m | +20.0% |
| Amounts receivable within one year | 40/41 | €4,968,155 | €5,945,939 | +€977,784 | +19.7% |
| Trade receivables | 40 | €1,242,077 | €1,486,301 | +€244,224 | +19.7% |
| Other amounts receivable | 41 | €3,726,078 | €4,459,638 | +€733,560 | +19.7% |
| Cash at bank and in hand | 54/58 | €10,045 | €21,887 | +€11,842 | +117.9% |
| Deferred charges and accrued income | 490/1 | €78,913 | €101,598 | +€22,685 | +28.7% |
| Total equity and liabilities | 10/49 | €5,057,173 | €6,069,484 | +€1.0m | +20.0% |
| Equity | 10/15 | €5,006,885 | €6,006,921 | +€1.0m | +20.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,999,644 | €5,999,680 | +€1.0m | +20.0% |
| Distributable reserves | 133 | €4,999,644 | €5,999,680 | +€1.0m | +20.0% |
| Profit (loss) carried forward | 14 | €1,040 | €1,040 | = | 0.0% |
| Amounts payable | 17/49 | €50,289 | €62,563 | +€12,274 | +24.4% |
| Amounts payable within one year | 42/48 | €50,289 | €62,563 | +€12,274 | +24.4% |
| Trade debts | 44 | €2,977 | €2,546 | -€431 | -14.5% |
| Suppliers | 440/4 | €2,977 | €2,546 | -€431 | -14.5% |
| Taxes, remuneration and social security | 45 | €47,311 | €60,017 | +€12,706 | +26.9% |
| Taxes | 450/3 | €47,311 | €60,017 | +€12,706 | +26.9% |
| Other operating charges | 640/8 | €1,193 | €1,230 | +€37 | +3.1% |
| Non-recurring operating charges | 66A | €9,000 | - | -€9,000 | |
| Gross operating margin | 9900 | €1,117,102 | €1,361,069 | +€243,967 | +21.8% |
| Operating profit (loss) | 9901 | €1,106,909 | €1,359,839 | +€252,930 | +22.9% |
| Financial income | 75/76B | €78,913 | €101,598 | +€22,685 | +28.7% |
| Recurring financial income | 75 | €78,913 | €101,598 | +€22,685 | +28.7% |
| Financial charges | 65/66B | €1,415 | €1,383 | -€31 | -2.2% |
| Recurring financial charges | 65 | €1,415 | €1,383 | -€31 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €1,184,407 | €1,460,053 | +€275,646 | +23.3% |
| Income taxes | 67/77 | €372,311 | €460,017 | +€87,706 | +23.6% |
| Profit (loss) for the period | 9904 | €812,096 | €1,000,036 | +€187,941 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €812,096 | €1,000,036 | +€187,941 | +23.1% |
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 5 October 2026 via checked.be.