LSQUARE ARCHITECTURE: 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.
LSQUARE ARCHITECTURE
Largest movements
- Cash +€116,040
up €116,040 (+249%), from €46,557 to €162,597
mainly Net result for the year (+€150,369) and Other debts (+€20,980)
- Current investments +€78,027
up €78,027 (+20.7%), from €376,973 to €455,000
- Tangible fixed assets -€7,751
down €7,751 (-35.5%), from €21,830 to €14,079
of which Furniture and vehicles: -€5,322
- Profit (loss) carried forward +€150,369
up €150,369 (+106%), from €142,031 to €292,400
- Other debts +€20,980
up €20,980 (+68.4%), from €30,664 to €51,644
- Tax, wage and social debts +€19,659
up €19,659 (+185%), from €10,634 to €30,293
- Debts after one year -€10,607
no longer reported in 2025 (was €10,607)
- Financial income +€71,653
up €71,653 (+3,209%), from €2,233 to €73,887
of which Non-recurring financial income: +€69,970
- Gross operating margin +€44,226
up €44,226 (+59.4%), from €74,512 to €118,738
- Taxes +€22,798
up €22,798 (+11,952%), from €191 to €22,989
- Financial charges +€3,397
up €3,397 (+191%), from €1,781 to €5,178
of which Non-recurring financial charges: +€4,377
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 | €486,745 | €674,453 | +€187,707 | +38.6% |
| Fixed assets | 21/28 | €26,880 | €19,129 | -€7,751 | -28.8% |
| Tangible fixed assets | 22/27 | €21,830 | €14,079 | -€7,751 | -35.5% |
| Plant, machinery and equipment | 23 | €2,429 | - | -€2,429 | |
| Furniture and vehicles | 24 | €19,401 | €14,079 | -€5,322 | -27.4% |
| Financial fixed assets | 28 | €5,050 | €5,050 | = | 0.0% |
| Current assets | 29/58 | €459,865 | €655,324 | +€195,458 | +42.5% |
| Amounts receivable within one year | 40/41 | €30,812 | €34,337 | +€3,526 | +11.4% |
| Trade receivables | 40 | €30,812 | €34,337 | +€3,526 | +11.4% |
| Current investments | 50/53 | €376,973 | €455,000 | +€78,027 | +20.7% |
| Cash at bank and in hand | 54/58 | €46,557 | €162,597 | +€116,040 | +249% |
| Deferred charges and accrued income | 490/1 | €5,523 | €3,389 | -€2,134 | -38.6% |
| Total equity and liabilities | 10/49 | €486,745 | €674,453 | +€187,707 | +38.6% |
| Equity | 10/15 | €425,791 | €576,160 | +€150,369 | +35.3% |
| Contributions | 10/11 | €257,400 | €257,400 | = | 0.0% |
| Capital | 10 | €257,400 | €257,400 | = | 0.0% |
| Issued capital | 100 | €263,600 | €263,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,360 | €26,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,360 | €26,360 | = | 0.0% |
| Legal reserve | 130 | €26,360 | €26,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,031 | €292,400 | +€150,369 | +106% |
| Amounts payable | 17/49 | €60,954 | €98,293 | +€37,339 | +61.3% |
| Amounts payable after more than one year | 17 | €10,607 | - | -€10,607 | |
| Financial debts | 170/4 | €10,607 | - | -€10,607 | |
| Amounts payable within one year | 42/48 | €50,347 | €98,293 | +€47,946 | +95.2% |
| Current portion of amounts payable after more than one year | 42 | €7,547 | €10,607 | +€3,060 | +40.6% |
| Trade debts | 44 | €1,501 | €5,749 | +€4,247 | +283% |
| Suppliers | 440/4 | €1,501 | €5,749 | +€4,247 | +283% |
| Taxes, remuneration and social security | 45 | €10,634 | €30,293 | +€19,659 | +185% |
| Taxes | 450/3 | €10,634 | €30,293 | +€19,659 | +185% |
| Other amounts payable | 47/48 | €30,664 | €51,644 | +€20,980 | +68.4% |
| Non-recurring operating income | 76A | - | €1,157 | +€1,157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,625 | €13,589 | +€964 | +7.6% |
| Other operating charges | 640/8 | €485 | €501 | +€16 | +3.2% |
| Gross operating margin | 9900 | €74,512 | €118,738 | +€44,226 | +59.4% |
| Operating profit (loss) | 9901 | €61,402 | €104,649 | +€43,247 | +70.4% |
| Financial income | 75/76B | €2,233 | €73,887 | +€71,653 | +3,209% |
| Recurring financial income | 75 | €2,233 | €3,917 | +€1,684 | +75.4% |
| Non-recurring financial income | 76B | - | €69,970 | +€69,970 | |
| Financial charges | 65/66B | €1,781 | €5,178 | +€3,397 | +191% |
| Recurring financial charges | 65 | €1,781 | €801 | -€980 | -55.0% |
| Non-recurring financial charges | 66B | - | €4,377 | +€4,377 | |
| Profit (loss) for the period before taxes | 9903 | €61,855 | €173,358 | +€111,503 | +180% |
| Income taxes | 67/77 | €191 | €22,989 | +€22,798 | +11,952% |
| Profit (loss) for the period | 9904 | €61,664 | €150,369 | +€88,704 | +144% |
| Profit (loss) for the period to be appropriated | 9905 | €61,664 | €150,369 | +€88,704 | +144% |
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 20 October 2026 via checked.be.