AU SQUARE: 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.
AU SQUARE
Largest movements
- Intangible fixed assets +€69,046
up €69,046 (+18.4%), from €374,687 to €443,734
- Receivables within one year -€58,342
down €58,342 (-40.2%), from €145,116 to €86,773
of which Trade receivables: -€55,021
- Tangible fixed assets +€12,871
new in 2025: €12,871
- Other debts +€266,476
up €266,476 (+172%), from €154,726 to €421,202
- Trade debts -€211,073
down €211,073 (-75.7%), from €278,829 to €67,756
- Profit (loss) carried forward -€34,471
down €34,471 (-263%), from -€13,099 to -€47,571
- Gross operating margin -€52,717
down €52,717 (-40.0%), from €131,738 to €79,021
- Depreciation +€49,061
up €49,061 (+77.6%), from €63,232 to €112,293
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 | €521,012 | €543,378 | +€22,366 | +4.3% |
| Fixed assets | 21/28 | €374,687 | €456,604 | +€81,917 | +21.9% |
| Intangible fixed assets | 21 | €374,687 | €443,734 | +€69,046 | +18.4% |
| Tangible fixed assets | 22/27 | - | €12,871 | +€12,871 | |
| Furniture and vehicles | 24 | - | €12,871 | +€12,871 | |
| Current assets | 29/58 | €146,325 | €86,773 | -€59,551 | -40.7% |
| Amounts receivable within one year | 40/41 | €145,116 | €86,773 | -€58,342 | -40.2% |
| Trade receivables | 40 | €136,640 | €81,619 | -€55,021 | -40.3% |
| Other amounts receivable | 41 | €8,476 | €5,154 | -€3,321 | -39.2% |
| Cash at bank and in hand | 54/58 | €1,209 | - | -€1,209 | |
| Total equity and liabilities | 10/49 | €521,012 | €543,378 | +€22,366 | +4.3% |
| Equity | 10/15 | €86,901 | €52,429 | -€34,471 | -39.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,099 | -€47,571 | -€34,471 | -263% |
| Amounts payable | 17/49 | €434,111 | €490,948 | +€56,837 | +13.1% |
| Amounts payable within one year | 42/48 | €434,111 | €490,948 | +€56,837 | +13.1% |
| Financial debts | 43 | - | €720 | +€720 | |
| Credit institutions | 430/8 | - | €720 | +€720 | |
| Trade debts | 44 | €278,829 | €67,756 | -€211,073 | -75.7% |
| Suppliers | 440/4 | €278,829 | €67,756 | -€211,073 | -75.7% |
| Taxes, remuneration and social security | 45 | €556 | €1,270 | +€715 | +129% |
| Taxes | 450/3 | €556 | €1,270 | +€715 | +129% |
| Other amounts payable | 47/48 | €154,726 | €421,202 | +€266,476 | +172% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,232 | €112,293 | +€49,061 | +77.6% |
| Other operating charges | 640/8 | €591 | €882 | +€291 | +49.3% |
| Gross operating margin | 9900 | €131,738 | €79,021 | -€52,717 | -40.0% |
| Operating profit (loss) | 9901 | €67,915 | -€34,154 | -€102,069 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €204 | €318 | +€114 | +55.7% |
| Recurring financial charges | 65 | €204 | €318 | +€114 | +55.7% |
| Profit (loss) for the period before taxes | 9903 | €67,711 | -€34,471 | -€102,182 | |
| Profit (loss) for the period | 9904 | €67,711 | -€34,471 | -€102,182 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,711 | -€34,471 | -€102,182 |
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 13 October 2026 via checked.be.