3 SQUARE EVENTS: 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.
3 SQUARE EVENTS
Largest movements
- Receivables within one year +€146,003
up €146,003 (+28.8%), from €507,010 to €653,013
of which Trade receivables: +€138,127
- Cash +€15,571
up €15,571 (+60.4%), from €25,767 to €41,338
mainly Net result for the year (+€98,071) and Trade debts (+€79,726)
- Profit (loss) carried forward +€98,071
up €98,071 (+2.2%), from -€4.4m to -€4.3m
- Trade debts +€79,726
up €79,726 (+4.9%), from €1.6m to €1.7m
- Tax, wage and social debts -€15,770
down €15,770 (-34.8%), from €45,322 to €29,553
of which Taxes: -€8,543
- Advances received -€12,956
down €12,956 (-6.1%), from €211,765 to €198,810
- Debts after one year +€9,212
up €9,212 (+0.4%), from €2.6m to €2.6m
- Financial charges -€184,797
down €184,797 (-69.3%), from €266,595 to €81,797
of which Financial charges: -€185,743
- Gross operating margin -€50,829
down €50,829 (-8.8%), from €579,074 to €528,245
- Taxes +€42,847
up €42,847 (+119%), from €36,095 to €78,942
- Staff costs +€34,772
up €34,772 (+16.4%), from €212,098 to €246,870
- Depreciation -€14,909
down €14,909 (-57.2%), from €26,087 to €11,178
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 | €636,458 | €801,175 | +€164,717 | +25.9% |
| Fixed assets | 21/28 | €103,670 | €102,135 | -€1,535 | -1.5% |
| Tangible fixed assets | 22/27 | €103,670 | €102,135 | -€1,535 | -1.5% |
| Plant, machinery and equipment | 23 | €7,979 | €6,703 | -€1,276 | -16.0% |
| Furniture and vehicles | 24 | €15,803 | €12,203 | -€3,599 | -22.8% |
| Other tangible fixed assets | 26 | €79,888 | €83,228 | +€3,340 | +4.2% |
| Current assets | 29/58 | €532,788 | €699,040 | +€166,252 | +31.2% |
| Stocks and contracts in progress | 3 | - | €4,689 | +€4,689 | |
| Stocks | 30/36 | - | €4,689 | +€4,689 | |
| Amounts receivable within one year | 40/41 | €507,010 | €653,013 | +€146,003 | +28.8% |
| Trade receivables | 40 | €504,909 | €643,035 | +€138,127 | +27.4% |
| Other amounts receivable | 41 | €2,102 | €9,978 | +€7,876 | +375% |
| Cash at bank and in hand | 54/58 | €25,767 | €41,338 | +€15,571 | +60.4% |
| Deferred charges and accrued income | 490/1 | €10 | - | -€10 | |
| Total equity and liabilities | 10/49 | €636,458 | €801,175 | +€164,717 | +25.9% |
| Equity | 10/15 | -€3,800,108 | -€3,702,036 | +€98,071 | +2.6% |
| Contributions | 10/11 | €605,257 | €605,257 | = | 0.0% |
| Capital | 10 | €605,257 | €605,257 | = | 0.0% |
| Issued capital | 100 | €605,257 | €605,257 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,405,364 | -€4,307,293 | +€98,071 | +2.2% |
| Amounts payable | 17/49 | €4,436,565 | €4,503,211 | +€66,646 | +1.5% |
| Amounts payable after more than one year | 17 | €2,560,661 | €2,569,873 | +€9,212 | +0.4% |
| Other amounts payable | 178/9 | €2,560,661 | €2,569,873 | +€9,212 | +0.4% |
| Amounts payable within one year | 42/48 | €1,875,904 | €1,933,338 | +€57,434 | +3.1% |
| Trade debts | 44 | €1,615,733 | €1,695,458 | +€79,726 | +4.9% |
| Suppliers | 440/4 | €1,615,733 | €1,695,458 | +€79,726 | +4.9% |
| Advances received on contracts in progress | 46 | €211,765 | €198,810 | -€12,956 | -6.1% |
| Taxes, remuneration and social security | 45 | €45,322 | €29,553 | -€15,770 | -34.8% |
| Taxes | 450/3 | €11,520 | €2,977 | -€8,543 | -74.2% |
| Remuneration and social security | 454/9 | €33,803 | €26,576 | -€7,227 | -21.4% |
| Other amounts payable | 47/48 | €3,084 | €9,518 | +€6,434 | +209% |
| Remuneration, social security and pensions | 62 | €212,098 | €246,870 | +€34,772 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,087 | €11,178 | -€14,909 | -57.2% |
| Other operating charges | 640/8 | €23,586 | €34,817 | +€11,231 | +47.6% |
| Gross operating margin | 9900 | €579,074 | €528,245 | -€50,829 | -8.8% |
| Operating profit (loss) | 9901 | €317,302 | €235,379 | -€81,923 | -25.8% |
| Financial income | 75/76B | €10,174 | €23,432 | +€13,257 | +130% |
| Recurring financial income | 75 | €10,174 | €23,432 | +€13,257 | +130% |
| Financial charges | 65/66B | €266,595 | €81,797 | -€184,797 | -69.3% |
| Recurring financial charges | 65 | €259,318 | €73,575 | -€185,743 | -71.6% |
| Non-recurring financial charges | 66B | €7,276 | €8,222 | +€946 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €60,882 | €177,013 | +€116,132 | +191% |
| Income taxes | 67/77 | €36,095 | €78,942 | +€42,847 | +119% |
| Profit (loss) for the period | 9904 | €24,787 | €98,071 | +€73,285 | +296% |
| Profit (loss) for the period to be appropriated | 9905 | €24,787 | €98,071 | +€73,285 | +296% |
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 25 October 2026 via checked.be.