IMMO - SQUARE: 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.
IMMO - SQUARE
Largest movements
- Tangible fixed assets -€10,747
down €10,747 (-1.8%), from €581,040 to €570,293
- Contributions +€230,000
up €230,000 (+1237.1%), from €18,592 to €248,592
- Other debts -€217,742
down €217,742 (-66.8%), from €325,881 to €108,139
- Current portion of long-term debt -€11,644
down €11,644 (-39.8%), from €29,227 to €17,583
- Gross operating margin +€17,806
up €17,806 (+248.3%), from €7,170 to €24,976
- Depreciation +€11,691
up €11,691 (+145.9%), from €8,015 to €19,706
- Financial charges +€2,878
up €2,878 (+79.0%), from €3,643 to €6,521
- Other operating charges +€1,529
up €1,529 (+59.4%), from €2,572 to €4,101
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €591,773 | €576,342 | -€15,431 | -2.6% |
| Fixed assets | 21/28 | €581,040 | €570,293 | -€10,747 | -1.8% |
| Tangible fixed assets | 22/27 | €581,040 | €570,293 | -€10,747 | -1.8% |
| Land and buildings | 22 | €581,040 | €570,293 | -€10,747 | -1.8% |
| Current assets | 29/58 | €10,733 | €6,049 | -€4,684 | -43.6% |
| Amounts receivable within one year | 40/41 | €26 | €723 | +€697 | +2680.8% |
| Trade receivables | 40 | €26 | - | -€26 | |
| Other amounts receivable | 41 | - | €723 | +€723 | |
| Cash at bank and in hand | 54/58 | €9,956 | €4,476 | -€5,480 | -55.0% |
| Deferred charges and accrued income | 490/1 | €751 | €850 | +€99 | +13.2% |
| Total equity and liabilities | 10/49 | €591,773 | €576,342 | -€15,431 | -2.6% |
| Equity | 10/15 | -€39,124 | €185,524 | +€224,648 | |
| Contributions | 10/11 | €18,592 | €248,592 | +€230,000 | +1237.1% |
| Reserves | 13 | €186 | €186 | = | 0.0% |
| Non-distributable reserves | 130/1 | €186 | €186 | = | 0.0% |
| Reserves not available under the articles | 1311 | €186 | €186 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,902 | -€63,254 | -€5,352 | -9.2% |
| Amounts payable | 17/49 | €630,897 | €390,818 | -€240,079 | -38.1% |
| Amounts payable after more than one year | 17 | €270,426 | €264,966 | -€5,460 | -2.0% |
| Financial debts | 170/4 | €266,456 | €260,996 | -€5,460 | -2.0% |
| Other amounts payable | 178/9 | €3,970 | €3,970 | = | 0.0% |
| Amounts payable within one year | 42/48 | €360,471 | €125,852 | -€234,619 | -65.1% |
| Current portion of amounts payable after more than one year | 42 | €29,227 | €17,583 | -€11,644 | -39.8% |
| Trade debts | 44 | €5,363 | €130 | -€5,233 | -97.6% |
| Suppliers | 440/4 | €5,363 | €130 | -€5,233 | -97.6% |
| Other amounts payable | 47/48 | €325,881 | €108,139 | -€217,742 | -66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,015 | €19,706 | +€11,691 | +145.9% |
| Other operating charges | 640/8 | €2,572 | €4,101 | +€1,529 | +59.4% |
| Gross operating margin | 9900 | €7,170 | €24,976 | +€17,806 | +248.3% |
| Operating profit (loss) | 9901 | -€3,417 | €1,169 | +€4,586 | |
| Financial charges | 65/66B | €3,643 | €6,521 | +€2,878 | +79.0% |
| Recurring financial charges | 65 | €3,643 | €6,521 | +€2,878 | +79.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,060 | -€5,352 | +€1,708 | +24.2% |
| Profit (loss) for the period | 9904 | -€7,060 | -€5,352 | +€1,708 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,060 | -€5,352 | +€1,708 | +24.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.