Fsquare: 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.
Fsquare
Largest movements
- Tangible fixed assets -€12,154
down €12,154 (-34.9%), from €34,836 to €22,682
of which Furniture and vehicles: -€11,986
- Receivables within one year +€9,771
up €9,771 (+30.4%), from €32,112 to €41,882
of which Other amounts receivable: +€9,401
- Deferred charges and accrued income +€2,265
up €2,265 (+71.5%), from €3,167 to €5,432
- Other debts -€2,814
down €2,814 (-3.6%), from €78,721 to €75,907
- Trade debts +€2,727
up €2,727 (+614%), from €444 to €3,171
No income-statement line moved by more than 1% of the activity.
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 | €128,811 | €128,482 | -€329 | -0.3% |
| Fixed assets | 21/28 | €34,836 | €22,682 | -€12,154 | -34.9% |
| Tangible fixed assets | 22/27 | €34,836 | €22,682 | -€12,154 | -34.9% |
| Plant, machinery and equipment | 23 | €1,315 | €1,147 | -€168 | -12.8% |
| Furniture and vehicles | 24 | €33,521 | €21,535 | -€11,986 | -35.8% |
| Current assets | 29/58 | €93,975 | €105,799 | +€11,825 | +12.6% |
| Amounts receivable within one year | 40/41 | €32,112 | €41,882 | +€9,771 | +30.4% |
| Trade receivables | 40 | €32,112 | €32,481 | +€370 | +1.2% |
| Other amounts receivable | 41 | €0 | €9,401 | +€9,401 | |
| Cash at bank and in hand | 54/58 | €58,696 | €58,485 | -€211 | -0.4% |
| Deferred charges and accrued income | 490/1 | €3,167 | €5,432 | +€2,265 | +71.5% |
| Total equity and liabilities | 10/49 | €128,811 | €128,482 | -€329 | -0.3% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €110,211 | €109,882 | -€329 | -0.3% |
| Amounts payable after more than one year | 17 | €18,000 | €18,000 | = | 0.0% |
| Financial debts | 170/4 | €18,000 | €18,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €90,767 | €90,608 | -€160 | -0.2% |
| Trade debts | 44 | €444 | €3,171 | +€2,727 | +614% |
| Suppliers | 440/4 | €444 | €3,171 | +€2,727 | +614% |
| Taxes, remuneration and social security | 45 | €11,602 | €11,529 | -€73 | -0.6% |
| Taxes | 450/3 | €11,602 | €11,529 | -€73 | -0.6% |
| Other amounts payable | 47/48 | €78,721 | €75,907 | -€2,814 | -3.6% |
| Accrued charges and deferred income | 492/3 | €1,444 | €1,274 | -€169 | -11.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,154 | €12,154 | = | 0.0% |
| Other operating charges | 640/8 | €628 | €644 | +€16 | +2.5% |
| Gross operating margin | 9900 | €104,056 | €104,414 | +€358 | +0.3% |
| Operating profit (loss) | 9901 | €91,275 | €91,617 | +€342 | +0.4% |
| Financial charges | 65/66B | €1,625 | €1,356 | -€269 | -16.5% |
| Recurring financial charges | 65 | €1,625 | €1,356 | -€269 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €89,650 | €90,261 | +€611 | +0.7% |
| Income taxes | 67/77 | €18,477 | €18,599 | +€122 | +0.7% |
| Profit (loss) for the period | 9904 | €71,173 | €71,662 | +€488 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €71,173 | €71,662 | +€488 | +0.7% |
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 19 October 2026 via checked.be.