LE 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.
LE SQUARE
Largest movements
- Cash -€54,954
down €54,954 (-85.0%), from €64,629 to €9,674
mainly Net result for the year (-€34,007) and Other debts (-€17,717)
- Receivables within one year +€3,046
up €3,046 (+126%), from €2,415 to €5,461
of which Other amounts receivable: +€3,046
- Deferred charges and accrued income -€2,712
down €2,712 (-100%), from €2,712 to €0
- Profit (loss) carried forward -€34,007
down €34,007 (-70.7%), from €48,121 to €14,114
- Other debts -€17,717
down €17,717 (-100%), from €17,717 to €0
- Tax, wage and social debts -€3,265
down €3,265 (-100%), from €3,265 to €0
of which Taxes: -€3,265
- Turnover -€96,717
down €96,717 (-46.6%), from €207,740 to €111,023
- Purchases and services -€63,641
down €63,641 (-39.3%), from €161,789 to €98,148
- Gross operating margin -€32,249
down €32,249 (-70.2%), from €45,951 to €13,702
- Staff costs +€17,159
up €17,159 (+115%), from €14,922 to €32,081
- Taxes +€10,750
new in 2025: €10,750
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 | €91,408 | €35,941 | -€55,466 | -60.7% |
| Fixed assets | 21/28 | €20,806 | €20,806 | = | 0.0% |
| Tangible fixed assets | 22/27 | €20,806 | €20,806 | = | 0.0% |
| Land and buildings | 22 | €7,061 | €7,061 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €9,088 | €9,088 | = | 0.0% |
| Other tangible fixed assets | 26 | €4,657 | €4,657 | = | 0.0% |
| Current assets | 29/58 | €70,601 | €15,135 | -€55,466 | -78.6% |
| Stocks and contracts in progress | 3 | €846 | €0 | -€846 | -100% |
| Stocks | 30/36 | €846 | €0 | -€846 | -100% |
| Amounts receivable within one year | 40/41 | €2,415 | €5,461 | +€3,046 | +126% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €2,415 | €5,461 | +€3,046 | +126% |
| Cash at bank and in hand | 54/58 | €64,629 | €9,674 | -€54,954 | -85.0% |
| Deferred charges and accrued income | 490/1 | €2,712 | €0 | -€2,712 | -100% |
| Total equity and liabilities | 10/49 | €91,408 | €35,941 | -€55,466 | -60.7% |
| Equity | 10/15 | €67,563 | €33,556 | -€34,007 | -50.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €841 | €841 | = | 0.0% |
| Non-distributable reserves | 130/1 | €841 | €841 | = | 0.0% |
| Legal reserve | 130 | €841 | €841 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,121 | €14,114 | -€34,007 | -70.7% |
| Amounts payable | 17/49 | €23,845 | €2,386 | -€21,459 | -90.0% |
| Amounts payable within one year | 42/48 | €23,845 | €2,386 | -€21,459 | -90.0% |
| Trade debts | 44 | €2,863 | €2,386 | -€478 | -16.7% |
| Suppliers | 440/4 | €2,863 | €2,386 | -€478 | -16.7% |
| Taxes, remuneration and social security | 45 | €3,265 | €0 | -€3,265 | -100% |
| Taxes | 450/3 | €3,265 | €0 | -€3,265 | -100% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €17,717 | €0 | -€17,717 | -100% |
| Turnover | 70 | €207,740 | €111,023 | -€96,717 | -46.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €161,789 | €98,148 | -€63,641 | -39.3% |
| Remuneration, social security and pensions | 62 | €14,922 | €32,081 | +€17,159 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,054 | - | -€2,054 | |
| Other operating charges | 640/8 | €4,879 | €4,796 | -€83 | -1.7% |
| Gross operating margin | 9900 | €45,951 | €13,702 | -€32,249 | -70.2% |
| Operating profit (loss) | 9901 | €24,095 | -€23,175 | -€47,270 | |
| Financial charges | 65/66B | €74 | €82 | +€8 | +11.0% |
| Recurring financial charges | 65 | €74 | €82 | +€8 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €24,021 | -€23,258 | -€47,279 | |
| Income taxes | 67/77 | - | €10,750 | +€10,750 | |
| Profit (loss) for the period | 9904 | €24,021 | -€34,007 | -€58,028 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,021 | -€34,007 | -€58,028 |
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 17 October 2026 via checked.be.