SQIT: 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.
SQIT
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€90,977
down €90,977 (-40.4%), from €225,414 to €134,437
mainly Current investments (-€100,000) and Investment in fixed assets (net) (-€29,991)
- Receivables within one year +€20,513
up €20,513 (+24.4%), from €84,163 to €104,676
of which Other amounts receivable: +€43,503
- Reserves +€25,425
up €25,425 (+9.0%), from €282,115 to €307,540
- Trade debts +€19,679
up €19,679 (+1009.2%), from €1,950 to €21,629
- Debts after one year -€13,964
down €13,964 (-6.4%), from €218,122 to €204,158
- Other debts +€8,372
up €8,372 (+9.0%), from €93,014 to €101,385
- Tax, wage and social debts -€6,963
down €6,963 (-27.9%), from €24,956 to €17,993
- Gross operating margin -€151,464
down €151,464 (-61.6%), from €245,701 to €94,237
- Taxes -€47,937
down €47,937 (-75.5%), from €63,467 to €15,530
- Depreciation +€5,901
up €5,901 (+28.3%), from €20,834 to €26,735
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 | €638,970 | €671,762 | +€32,792 | +5.1% |
| Fixed assets | 21/28 | €329,393 | €332,649 | +€3,256 | +1.0% |
| Tangible fixed assets | 22/27 | €329,393 | €332,649 | +€3,256 | +1.0% |
| Land and buildings | 22 | €296,248 | €286,095 | -€10,153 | -3.4% |
| Plant, machinery and equipment | 23 | €7,888 | €7,090 | -€798 | -10.1% |
| Furniture and vehicles | 24 | €25,257 | €39,464 | +€14,208 | +56.3% |
| Current assets | 29/58 | €309,578 | €339,113 | +€29,535 | +9.5% |
| Amounts receivable within one year | 40/41 | €84,163 | €104,676 | +€20,513 | +24.4% |
| Trade receivables | 40 | €44,286 | €21,296 | -€22,990 | -51.9% |
| Other amounts receivable | 41 | €39,877 | €83,380 | +€43,503 | +109.1% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €225,414 | €134,437 | -€90,977 | -40.4% |
| Total equity and liabilities | 10/49 | €638,970 | €671,762 | +€32,792 | +5.1% |
| Equity | 10/15 | €287,207 | €312,632 | +€25,425 | +8.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €282,115 | €307,540 | +€25,425 | +9.0% |
| Distributable reserves | 133 | €282,115 | €307,540 | +€25,425 | +9.0% |
| Profit (loss) carried forward | 14 | €92 | €92 | +€0 | 0.0% |
| Amounts payable | 17/49 | €351,764 | €359,130 | +€7,367 | +2.1% |
| Amounts payable after more than one year | 17 | €218,122 | €204,158 | -€13,964 | -6.4% |
| Financial debts | 170/4 | €218,122 | €204,158 | -€13,964 | -6.4% |
| Amounts payable within one year | 42/48 | €133,641 | €154,972 | +€21,330 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €13,722 | €13,964 | +€242 | +1.8% |
| Trade debts | 44 | €1,950 | €21,629 | +€19,679 | +1009.2% |
| Suppliers | 440/4 | €1,950 | €21,629 | +€19,679 | +1009.2% |
| Taxes, remuneration and social security | 45 | €24,956 | €17,993 | -€6,963 | -27.9% |
| Taxes | 450/3 | €24,956 | €17,993 | -€6,963 | -27.9% |
| Other amounts payable | 47/48 | €93,014 | €101,385 | +€8,372 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,834 | €26,735 | +€5,901 | +28.3% |
| Other operating charges | 640/8 | €2,182 | €2,350 | +€168 | +7.7% |
| Gross operating margin | 9900 | €245,701 | €94,237 | -€151,464 | -61.6% |
| Operating profit (loss) | 9901 | €222,685 | €65,153 | -€157,533 | -70.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €12,050 | €10,498 | -€1,553 | -12.9% |
| Recurring financial charges | 65 | €12,050 | €10,498 | -€1,553 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €210,635 | €54,655 | -€155,980 | -74.1% |
| Income taxes | 67/77 | €63,467 | €15,530 | -€47,937 | -75.5% |
| Profit (loss) for the period | 9904 | €147,168 | €39,125 | -€108,043 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €147,168 | €39,125 | -€108,043 | -73.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.