SQIMO: 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.
SQIMO
Largest movements
- Cash -€31,301
down €31,301 (-62.9%), from €49,729 to €18,428
mainly Debts after one year (-€70,392) and Net result for the year (-€13,837)
- Tangible fixed assets -€16,913
down €16,913 (-4.0%), from €421,445 to €404,532
of which Land and buildings: -€16,573
- Debts after one year -€70,392
down €70,392 (-13.5%), from €521,467 to €451,075
of which Financial debts: -€70,392
- Other debts +€36,158
up €36,158 (+172.7%), from €20,934 to €57,092
- Profit (loss) carried forward -€13,837
down €13,837 (-346.8%), from -€3,990 to -€17,827
- Financial charges -€1,249
down €1,249 (-6.4%), from €19,361 to €18,112
- Financial income +€862
new in 2025: €862
- Other operating charges +€711
up €711 (+20.8%), from €3,423 to €4,134
- Gross operating margin +€650
up €650 (+2.7%), from €23,811 to €24,461
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 | €971,175 | €923,219 | -€47,956 | -4.9% |
| Fixed assets | 21/28 | €421,445 | €404,532 | -€16,913 | -4.0% |
| Tangible fixed assets | 22/27 | €421,445 | €404,532 | -€16,913 | -4.0% |
| Land and buildings | 22 | €420,665 | €404,092 | -€16,573 | -3.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €780 | €440 | -€340 | -43.6% |
| Current assets | 29/58 | €549,729 | €518,687 | -€31,043 | -5.6% |
| Amounts receivable within one year | 40/41 | €0 | €258 | +€258 | |
| Other amounts receivable | 41 | €0 | €258 | +€258 | |
| Current investments | 50/53 | €500,000 | €500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €49,729 | €18,428 | -€31,301 | -62.9% |
| Total equity and liabilities | 10/49 | €971,175 | €923,219 | -€47,956 | -4.9% |
| Equity | 10/15 | €357,385 | €343,548 | -€13,837 | -3.9% |
| Contributions | 10/11 | €357,054 | €357,054 | = | 0.0% |
| Reserves | 13 | €4,320 | €4,320 | = | 0.0% |
| Distributable reserves | 133 | €4,320 | €4,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,990 | -€17,827 | -€13,837 | -346.8% |
| Amounts payable | 17/49 | €613,790 | €579,671 | -€34,119 | -5.6% |
| Amounts payable after more than one year | 17 | €521,467 | €451,075 | -€70,392 | -13.5% |
| Financial debts | 170/4 | €321,467 | €251,075 | -€70,392 | -21.9% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €91,398 | €127,671 | +€36,272 | +39.7% |
| Current portion of amounts payable after more than one year | 42 | €67,401 | €70,392 | +€2,991 | +4.4% |
| Trade debts | 44 | €2,955 | €101 | -€2,854 | -96.6% |
| Suppliers | 440/4 | €2,955 | €101 | -€2,854 | -96.6% |
| Taxes, remuneration and social security | 45 | €109 | €86 | -€23 | -21.0% |
| Taxes | 450/3 | €109 | €86 | -€23 | -21.0% |
| Other amounts payable | 47/48 | €20,934 | €57,092 | +€36,158 | +172.7% |
| Accrued charges and deferred income | 492/3 | €925 | €925 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,911 | €16,913 | +€2 | 0.0% |
| Other operating charges | 640/8 | €3,423 | €4,134 | +€711 | +20.8% |
| Gross operating margin | 9900 | €23,811 | €24,461 | +€650 | +2.7% |
| Operating profit (loss) | 9901 | €3,476 | €3,414 | -€63 | -1.8% |
| Financial income | 75/76B | - | €862 | +€862 | |
| Recurring financial income | 75 | - | €862 | +€862 | |
| Financial charges | 65/66B | €19,361 | €18,112 | -€1,249 | -6.4% |
| Recurring financial charges | 65 | €19,361 | €18,112 | -€1,249 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,884 | -€13,837 | +€2,048 | +12.9% |
| Profit (loss) for the period | 9904 | -€15,884 | -€13,837 | +€2,048 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,884 | -€13,837 | +€2,048 | +12.9% |
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 29 September 2026 via checked.be.