CB 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.
CB SQUARE
Largest movements
- Cash +€14,086
up €14,086 (+1510.7%), from €932 to €15,018
mainly Depreciation (+€5,309) and Tax, wage and social debts (+€4,622)
- Tangible fixed assets -€4,324
down €4,324 (-67.3%), from €6,430 to €2,106
- Intangible fixed assets -€743
down €743 (-35.8%), from €2,074 to €1,331
- Tax, wage and social debts +€4,622
new in 2025: €4,622
- Reserves +€2,740
up €2,740 (+5.7%), from €48,131 to €50,871
- Trade debts +€2,445
new in 2025: €2,445
- Advances received -€1,210
no longer reported in 2025 (was €1,210)
- Financial charges -€816
down €816 (-32.6%), from €2,506 to €1,690
- Other operating charges +€175
up €175 (+77.8%), from €225 to €400
- Gross operating margin -€155
down €155 (-1.3%), from €11,544 to €11,389
- Depreciation -€133
down €133 (-2.4%), from €5,442 to €5,309
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.
Cash bridge derived
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 | €52,058 | €60,629 | +€8,570 | +16.5% |
| Formation expenses | 20 | €675 | €433 | -€242 | -35.8% |
| Fixed assets | 21/28 | €8,504 | €3,436 | -€5,067 | -59.6% |
| Intangible fixed assets | 21 | €2,074 | €1,331 | -€743 | -35.8% |
| Tangible fixed assets | 22/27 | €6,430 | €2,106 | -€4,324 | -67.3% |
| Furniture and vehicles | 24 | €6,430 | €2,106 | -€4,324 | -67.3% |
| Current assets | 29/58 | €42,880 | €56,759 | +€13,879 | +32.4% |
| Amounts receivable within one year | 40/41 | €41,948 | €41,741 | -€207 | -0.5% |
| Trade receivables | 40 | €21,442 | €4,317 | -€17,125 | -79.9% |
| Other amounts receivable | 41 | €20,505 | €37,424 | +€16,918 | +82.5% |
| Cash at bank and in hand | 54/58 | €932 | €15,018 | +€14,086 | +1510.7% |
| Total equity and liabilities | 10/49 | €52,058 | €60,629 | +€8,570 | +16.5% |
| Equity | 10/15 | €50,633 | €53,376 | +€2,742 | +5.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €48,131 | €50,871 | +€2,740 | +5.7% |
| Distributable reserves | 133 | €48,131 | €50,871 | +€2,740 | +5.7% |
| Profit (loss) carried forward | 14 | €2 | €5 | +€2 | +88.0% |
| Amounts payable | 17/49 | €1,425 | €7,253 | +€5,828 | +409.0% |
| Amounts payable within one year | 42/48 | €1,425 | €7,253 | +€5,828 | +409.0% |
| Trade debts | 44 | - | €2,445 | +€2,445 | |
| Suppliers | 440/4 | - | €2,445 | +€2,445 | |
| Advances received on contracts in progress | 46 | €1,210 | - | -€1,210 | |
| Taxes, remuneration and social security | 45 | - | €4,622 | +€4,622 | |
| Taxes | 450/3 | - | €4,622 | +€4,622 | |
| Other amounts payable | 47/48 | €215 | €186 | -€29 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,442 | €5,309 | -€133 | -2.4% |
| Other operating charges | 640/8 | €225 | €400 | +€175 | +77.8% |
| Non-recurring operating charges | 66A | - | €38 | +€38 | |
| Gross operating margin | 9900 | €11,544 | €11,389 | -€155 | -1.3% |
| Operating profit (loss) | 9901 | €5,878 | €5,643 | -€235 | -4.0% |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €2,506 | €1,690 | -€816 | -32.6% |
| Recurring financial charges | 65 | €2,506 | €1,690 | -€816 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €3,371 | €3,990 | +€618 | +18.3% |
| Income taxes | 67/77 | €1,140 | €1,248 | +€108 | +9.5% |
| Profit (loss) for the period | 9904 | €2,232 | €2,742 | +€510 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,232 | €2,742 | +€510 | +22.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.