SQY: 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.
SQY
Largest movements
- Tangible fixed assets +€25,730
up €25,730 (+29.4%), from €87,497 to €113,227
- Receivables within one year -€21,348
down €21,348 (-100%), from €21,348 to €0
- Reserves -€11,848
down €11,848 (-10.5%), from €113,024 to €101,176
of which Distributable reserves: -€11,848
- Profit (loss) carried forward +€8,625
up €8,625, from -€8,625 to €0
- Other debts +€6,000
up €6,000 (+5.0%), from €119,615 to €125,615
- Gross operating margin -€745
down €745 (-35.2%), from -€2,116 to -€2,862
- Financial income +€112
new in 2025: €112
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 | €251,699 | €255,989 | +€4,290 | +1.7% |
| Fixed assets | 21/28 | €229,868 | €255,598 | +€25,730 | +11.2% |
| Tangible fixed assets | 22/27 | €87,497 | €113,227 | +€25,730 | +29.4% |
| Land and buildings | 22 | €87,497 | €113,227 | +€25,730 | +29.4% |
| Financial fixed assets | 28 | €142,371 | €142,371 | = | 0.0% |
| Current assets | 29/58 | €21,832 | €391 | -€21,441 | -98.2% |
| Amounts receivable within one year | 40/41 | €21,348 | €0 | -€21,348 | -100% |
| Trade receivables | 40 | €21,348 | €0 | -€21,348 | -100% |
| Cash at bank and in hand | 54/58 | €484 | €391 | -€93 | -19.2% |
| Total equity and liabilities | 10/49 | €251,699 | €255,989 | +€4,290 | +1.7% |
| Equity | 10/15 | €110,599 | €107,376 | -€3,223 | -2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €113,024 | €101,176 | -€11,848 | -10.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €64,458 | €64,458 | = | 0.0% |
| Distributable reserves | 133 | €48,566 | €36,718 | -€11,848 | -24.4% |
| Profit (loss) carried forward | 14 | -€8,625 | €0 | +€8,625 | |
| Provisions and deferred taxes | 16 | €21,486 | €21,486 | = | 0.0% |
| Deferred taxes | 168 | €21,486 | €21,486 | = | 0.0% |
| Amounts payable | 17/49 | €119,615 | €127,127 | +€7,513 | +6.3% |
| Amounts payable within one year | 42/48 | €119,615 | €127,127 | +€7,513 | +6.3% |
| Trade debts | 44 | - | €1,513 | +€1,513 | |
| Suppliers | 440/4 | - | €1,513 | +€1,513 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €119,615 | €125,615 | +€6,000 | +5.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €446 | €449 | +€3 | +0.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€2,116 | -€2,862 | -€745 | -35.2% |
| Operating profit (loss) | 9901 | -€2,563 | -€3,311 | -€748 | -29.2% |
| Financial income | 75/76B | - | €112 | +€112 | |
| Recurring financial income | 75 | - | €112 | +€112 | |
| Financial charges | 65/66B | €26 | €24 | -€2 | -7.0% |
| Recurring financial charges | 65 | €26 | €24 | -€2 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,589 | -€3,223 | -€634 | -24.5% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€2,589 | -€3,223 | -€634 | -24.5% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,589 | -€3,223 | -€634 | -24.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.