CS 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.
CS square
Largest movements
- Cash +€33,043
up €33,043 (+66.3%), from €49,831 to €82,874
mainly Net result for the year (+€33,688) and Tax, wage and social debts (+€6,964)
- Receivables within one year +€9,849
up €9,849 (+23.4%), from €42,075 to €51,924
of which Trade receivables: +€5,153
- Reserves +€33,688
up €33,688 (+45.3%), from €74,334 to €108,022
- Tax, wage and social debts +€6,964
up €6,964 (+56.9%), from €12,248 to €19,212
of which Taxes: +€3,664
- Trade debts +€2,877
up €2,877 (+110.5%), from €2,603 to €5,480
- Gross operating margin -€12,542
down €12,542 (-21.0%), from €59,724 to €47,181
- Taxes -€2,034
down €2,034 (-17.4%), from €11,667 to €9,633
- Depreciation +€640
up €640 (+136.6%), from €468 to €1,109
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 | €96,409 | €139,840 | +€43,431 | +45.0% |
| Fixed assets | 21/28 | €3,191 | €3,520 | +€329 | +10.3% |
| Tangible fixed assets | 22/27 | €3,191 | €3,520 | +€329 | +10.3% |
| Furniture and vehicles | 24 | €3,191 | €3,520 | +€329 | +10.3% |
| Current assets | 29/58 | €93,217 | €136,320 | +€43,103 | +46.2% |
| Amounts receivable within one year | 40/41 | €42,075 | €51,924 | +€9,849 | +23.4% |
| Trade receivables | 40 | €26,941 | €32,094 | +€5,153 | +19.1% |
| Other amounts receivable | 41 | €15,134 | €19,829 | +€4,695 | +31.0% |
| Cash at bank and in hand | 54/58 | €49,831 | €82,874 | +€33,043 | +66.3% |
| Deferred charges and accrued income | 490/1 | €1,312 | €1,523 | +€211 | +16.1% |
| Total equity and liabilities | 10/49 | €96,409 | €139,840 | +€43,431 | +45.0% |
| Equity | 10/15 | €77,334 | €111,022 | +€33,688 | +43.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €74,334 | €108,022 | +€33,688 | +45.3% |
| Distributable reserves | 133 | €74,334 | €108,022 | +€33,688 | +45.3% |
| Amounts payable | 17/49 | €19,075 | €28,818 | +€9,743 | +51.1% |
| Amounts payable within one year | 42/48 | €19,075 | €28,818 | +€9,743 | +51.1% |
| Trade debts | 44 | €2,603 | €5,480 | +€2,877 | +110.5% |
| Suppliers | 440/4 | €2,603 | €5,480 | +€2,877 | +110.5% |
| Taxes, remuneration and social security | 45 | €12,248 | €19,212 | +€6,964 | +56.9% |
| Taxes | 450/3 | €12,248 | €15,912 | +€3,664 | +29.9% |
| Remuneration and social security | 454/9 | - | €3,300 | +€3,300 | |
| Other amounts payable | 47/48 | €4,224 | €4,126 | -€98 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €468 | €1,109 | +€640 | +136.6% |
| Other operating charges | 640/8 | €841 | €495 | -€346 | -41.2% |
| Gross operating margin | 9900 | €59,724 | €47,181 | -€12,542 | -21.0% |
| Operating profit (loss) | 9901 | €58,414 | €45,578 | -€12,836 | -22.0% |
| Financial income | 75/76B | €270 | €542 | +€272 | +100.9% |
| Recurring financial income | 75 | €270 | €542 | +€272 | +100.9% |
| Financial charges | 65/66B | €3,219 | €2,799 | -€420 | -13.0% |
| Recurring financial charges | 65 | €3,219 | €2,799 | -€420 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €55,465 | €43,321 | -€12,144 | -21.9% |
| Income taxes | 67/77 | €11,667 | €9,633 | -€2,034 | -17.4% |
| Profit (loss) for the period | 9904 | €43,798 | €33,688 | -€10,110 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,798 | €33,688 | -€10,110 | -23.1% |
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 6 October 2026 via checked.be.