DSquare Development: 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.
DSquare Development
Largest movements
- Cash +€18,493
up €18,493 (+43.2%), from €42,796 to €61,289
mainly Net result for the year (+€29,687) and Receivables within one year (+€13,316)
- Current investments +€16,965
up €16,965 (+58.4%), from €29,070 to €46,034
- Receivables within one year -€13,316
down €13,316 (-98.1%), from €13,576 to €260
of which Trade receivables: -€12,705
- Tangible fixed assets +€1,403
up €1,403 (+30.2%), from €4,639 to €6,043
of which Furniture and vehicles: +€1,845
- Profit (loss) carried forward +€29,687
up €29,687 (+40.0%), from €74,170 to €103,858
- Tax, wage and social debts -€7,543
down €7,543 (-84.4%), from €8,937 to €1,394
- Other debts +€1,511
up €1,511 (+70.6%), from €2,142 to €3,653
- Gross operating margin -€7,571
down €7,571 (-14.6%), from €52,000 to €44,429
- Taxes -€1,394
down €1,394 (-13.7%), from €10,152 to €8,758
- Depreciation +€576
up €576 (+38.1%), from €1,512 to €2,088
- Financial charges -€570
down €570 (-11.0%), from €5,168 to €4,598
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 | €93,050 | €117,007 | +€23,957 | +25.7% |
| Fixed assets | 21/28 | €4,639 | €6,043 | +€1,403 | +30.2% |
| Tangible fixed assets | 22/27 | €4,639 | €6,043 | +€1,403 | +30.2% |
| Furniture and vehicles | 24 | €2,795 | €4,640 | +€1,845 | +66.0% |
| Other tangible fixed assets | 26 | €1,844 | €1,402 | -€442 | -24.0% |
| Current assets | 29/58 | €88,411 | €110,964 | +€22,553 | +25.5% |
| Amounts receivable within one year | 40/41 | €13,576 | €260 | -€13,316 | -98.1% |
| Trade receivables | 40 | €12,705 | €0 | -€12,705 | -100% |
| Other amounts receivable | 41 | €871 | €260 | -€611 | -70.1% |
| Current investments | 50/53 | €29,070 | €46,034 | +€16,965 | +58.4% |
| Cash at bank and in hand | 54/58 | €42,796 | €61,289 | +€18,493 | +43.2% |
| Deferred charges and accrued income | 490/1 | €2,969 | €3,381 | +€412 | +13.9% |
| Total equity and liabilities | 10/49 | €93,050 | €117,007 | +€23,957 | +25.7% |
| Equity | 10/15 | €79,170 | €108,858 | +€29,687 | +37.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,170 | €103,858 | +€29,687 | +40.0% |
| Amounts payable | 17/49 | €13,880 | €8,149 | -€5,731 | -41.3% |
| Amounts payable within one year | 42/48 | €13,880 | €7,880 | -€6,000 | -43.2% |
| Trade debts | 44 | €2,801 | €2,833 | +€32 | +1.1% |
| Suppliers | 440/4 | €2,801 | €2,833 | +€32 | +1.1% |
| Taxes, remuneration and social security | 45 | €8,937 | €1,394 | -€7,543 | -84.4% |
| Taxes | 450/3 | €8,937 | €1,394 | -€7,543 | -84.4% |
| Other amounts payable | 47/48 | €2,142 | €3,653 | +€1,511 | +70.6% |
| Accrued charges and deferred income | 492/3 | €0 | €269 | +€269 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,512 | €2,088 | +€576 | +38.1% |
| Other operating charges | 640/8 | €126 | €0 | -€126 | -100% |
| Non-recurring operating charges | 66A | - | €515 | +€515 | |
| Gross operating margin | 9900 | €52,000 | €44,429 | -€7,571 | -14.6% |
| Operating profit (loss) | 9901 | €50,362 | €41,826 | -€8,536 | -16.9% |
| Financial income | 75/76B | €778 | €1,217 | +€438 | +56.3% |
| Recurring financial income | 75 | €778 | €1,217 | +€438 | +56.3% |
| Financial charges | 65/66B | €5,168 | €4,598 | -€570 | -11.0% |
| Recurring financial charges | 65 | €5,168 | €4,598 | -€570 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €45,973 | €38,445 | -€7,527 | -16.4% |
| Income taxes | 67/77 | €10,152 | €8,758 | -€1,394 | -13.7% |
| Profit (loss) for the period | 9904 | €35,821 | €29,687 | -€6,133 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,821 | €29,687 | -€6,133 | -17.1% |
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 28 October 2026 via checked.be.