SQME Consultancy: 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.
SQME Consultancy
Largest movements
- Tangible fixed assets +€63,738
up €63,738 (+255%), from €25,015 to €88,753
of which Furniture and vehicles: +€57,293
- Cash +€40,079
up €40,079 (+45.5%), from €88,007 to €128,085
mainly Net result for the year (+€74,820) and Debts after one year (+€44,976)
- Receivables within one year -€3,331
down €3,331 (-25.6%), from €13,030 to €9,699
of which Trade receivables: -€4,969
- Deferred charges and accrued income +€2,573
up €2,573 (+104%), from €2,473 to €5,047
- Profit (loss) carried forward +€74,820
up €74,820 (+114%), from €65,431 to €140,251
- Debts after one year +€44,976
new in 2025: €44,976
- Other debts -€33,401
down €33,401 (-92.3%), from €36,173 to €2,772
- Current portion of long-term debt +€11,333
new in 2025: €11,333
- Tax, wage and social debts +€5,111
up €5,111 (+23.5%), from €21,765 to €26,876
- Gross operating margin +€21,123
up €21,123 (+23.1%), from €91,291 to €112,414
- Depreciation +€8,411
up €8,411 (+99.0%), from €8,500 to €16,911
- Taxes +€2,410
up €2,410 (+14.0%), from €17,233 to €19,643
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.
Derived cash bridge
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 | €128,525 | €231,583 | +€103,059 | +80.2% |
| Fixed assets | 21/28 | €25,015 | €88,753 | +€63,738 | +255% |
| Tangible fixed assets | 22/27 | €25,015 | €88,753 | +€63,738 | +255% |
| Plant, machinery and equipment | 23 | €8,597 | €15,042 | +€6,445 | +75.0% |
| Furniture and vehicles | 24 | €16,418 | €73,711 | +€57,293 | +349% |
| Current assets | 29/58 | €103,510 | €142,831 | +€39,321 | +38.0% |
| Amounts receivable within one year | 40/41 | €13,030 | €9,699 | -€3,331 | -25.6% |
| Trade receivables | 40 | €13,030 | €8,060 | -€4,969 | -38.1% |
| Other amounts receivable | 41 | - | €1,639 | +€1,639 | |
| Cash at bank and in hand | 54/58 | €88,007 | €128,085 | +€40,079 | +45.5% |
| Deferred charges and accrued income | 490/1 | €2,473 | €5,047 | +€2,573 | +104% |
| Total equity and liabilities | 10/49 | €128,525 | €231,583 | +€103,059 | +80.2% |
| Equity | 10/15 | €70,431 | €145,251 | +€74,820 | +106% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,431 | €140,251 | +€74,820 | +114% |
| Amounts payable | 17/49 | €58,094 | €86,333 | +€28,239 | +48.6% |
| Amounts payable after more than one year | 17 | - | €44,976 | +€44,976 | |
| Financial debts | 170/4 | - | €44,976 | +€44,976 | |
| Amounts payable within one year | 42/48 | €58,094 | €41,357 | -€16,737 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | - | €11,333 | +€11,333 | |
| Trade debts | 44 | €156 | €376 | +€221 | +142% |
| Suppliers | 440/4 | €156 | €376 | +€221 | +142% |
| Taxes, remuneration and social security | 45 | €21,765 | €26,876 | +€5,111 | +23.5% |
| Taxes | 450/3 | €21,765 | €26,876 | +€5,111 | +23.5% |
| Other amounts payable | 47/48 | €36,173 | €2,772 | -€33,401 | -92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,500 | €16,911 | +€8,411 | +99.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €91,291 | €112,414 | +€21,123 | +23.1% |
| Operating profit (loss) | 9901 | €82,673 | €95,383 | +€12,710 | +15.4% |
| Financial charges | 65/66B | €9 | €920 | +€911 | +10,318% |
| Recurring financial charges | 65 | €9 | €920 | +€911 | +10,318% |
| Profit (loss) for the period before taxes | 9903 | €82,664 | €94,463 | +€11,799 | +14.3% |
| Income taxes | 67/77 | €17,233 | €19,643 | +€2,410 | +14.0% |
| Profit (loss) for the period | 9904 | €65,431 | €74,820 | +€9,389 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €65,431 | €74,820 | +€9,389 | +14.3% |
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 30 October 2026 via checked.be.