C-SQUARE: what changed
Two fiscal 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.
C-SQUARE
Largest movements
- Cash -€253,117
down €253,117 (-68.8%), from €368,107 to €114,991
mainly Trade debts (-€110,006) and Contributions, distributions and other (-€100,000)
- Receivables within one year -€21,251
down €21,251 (-40.6%), from €52,379 to €31,127
of which Other amounts receivable: -€16,113
- Profit (loss) carried forward -€164,362
down €164,362 (-76.1%), from €215,856 to €51,494
- Trade debts -€110,006
down €110,006 (-59.6%), from €184,630 to €74,624
- Provisions +€200,000
up €200,000, from -€200,000 to €0
- Taxes +€55,000
up €55,000, from €0 to €55,000
- Gross operating margin -€6,746
down €6,746 (-610.1%), from -€1,106 to -€7,852
- Financial charges -€1,850
down €1,850 (-81.6%), from €2,266 to €416
- Financial income -€106
down €106 (-100.0%), from €106 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,486 | €146,118 | -€274,368 | -65.3% |
| Current assets | 29/58 | €420,486 | €146,118 | -€274,368 | -65.3% |
| Amounts receivable within one year | 40/41 | €52,379 | €31,127 | -€21,251 | -40.6% |
| Trade receivables | 40 | €26,612 | €21,474 | -€5,138 | -19.3% |
| Other amounts receivable | 41 | €25,767 | €9,654 | -€16,113 | -62.5% |
| Cash at bank and in hand | 54/58 | €368,107 | €114,991 | -€253,117 | -68.8% |
| Total equity and liabilities | 10/49 | €420,486 | €146,118 | -€274,368 | -65.3% |
| Equity | 10/15 | €235,856 | €71,494 | -€164,362 | -69.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,856 | €51,494 | -€164,362 | -76.1% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €184,630 | €74,624 | -€110,006 | -59.6% |
| Amounts payable within one year | 42/48 | €184,630 | €74,624 | -€110,006 | -59.6% |
| Trade debts | 44 | €184,630 | €74,624 | -€110,006 | -59.6% |
| Suppliers | 440/4 | €184,630 | €74,624 | -€110,006 | -59.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€200,000 | €0 | +€200,000 | |
| Other operating charges | 640/8 | €1,075 | €1,094 | +€18 | +1.7% |
| Gross operating margin | 9900 | -€1,106 | -€7,852 | -€6,746 | -610.1% |
| Operating profit (loss) | 9901 | €197,819 | -€8,946 | -€206,765 | |
| Financial income | 75/76B | €106 | €0 | -€106 | -100.0% |
| Recurring financial income | 75 | €106 | €0 | -€106 | -100.0% |
| Financial charges | 65/66B | €2,266 | €416 | -€1,850 | -81.6% |
| Recurring financial charges | 65 | €2,266 | €416 | -€1,850 | -81.6% |
| Profit (loss) for the period before taxes | 9903 | €195,659 | -€9,362 | -€205,020 | |
| Income taxes | 67/77 | €0 | €55,000 | +€55,000 | |
| Profit (loss) for the period | 9904 | €195,659 | -€64,362 | -€260,020 | |
| Profit (loss) for the period to be appropriated | 9905 | €195,659 | -€64,362 | -€260,020 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.