NEW SQUARE: what changed
Two fiscal 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.
NEW SQUARE
Largest movements
- Current investments +€25,000
new in 2025: €25,000
- Tangible fixed assets -€20,550
down €20,550 (-21.7%), from €94,844 to €74,294
of which Plant, machinery and equipment: -€11,945
- Receivables within one year -€10,136
down €10,136 (-85.3%), from €11,878 to €1,743
of which Trade receivables: -€8,706
- Cash +€10,013
up €10,013 (+7.6%), from €132,368 to €142,381
mainly Net result for the year (+€37,389) and Depreciation (+€30,474)
- Reserves +€37,389
up €37,389 (+19.9%), from €187,785 to €225,174
of which Distributable reserves: +€37,389
- Other debts -€22,554
down €22,554 (-67.3%), from €33,520 to €10,967
- Tax, wage and social debts -€11,631
down €11,631 (-62.9%), from €18,497 to €6,866
of which Remuneration and social security: -€10,988
- Trade debts +€2,704
up €2,704 (+23.8%), from €11,359 to €14,063
- Gross operating margin +€16,780
up €16,780 (+11.7%), from €143,534 to €160,313
- Staff costs +€13,603
up €13,603 (+24.7%), from €54,985 to €68,588
- Financial charges +€1,831
up €1,831 (+30.2%), from €6,070 to €7,901
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.
Cash bridge derived
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 | €258,562 | €264,469 | +€5,908 | +2.3% |
| Fixed assets | 21/28 | €95,247 | €74,697 | -€20,550 | -21.6% |
| Tangible fixed assets | 22/27 | €94,844 | €74,294 | -€20,550 | -21.7% |
| Land and buildings | 22 | €71,422 | €62,127 | -€9,294 | -13.0% |
| Plant, machinery and equipment | 23 | €20,215 | €8,270 | -€11,945 | -59.1% |
| Furniture and vehicles | 24 | €3,207 | €3,897 | +€690 | +21.5% |
| Financial fixed assets | 28 | €403 | €403 | = | 0.0% |
| Current assets | 29/58 | €163,315 | €189,773 | +€26,458 | +16.2% |
| Stocks and contracts in progress | 3 | €18,236 | €18,757 | +€521 | +2.9% |
| Stocks | 30/36 | €18,236 | €18,757 | +€521 | +2.9% |
| Amounts receivable within one year | 40/41 | €11,878 | €1,743 | -€10,136 | -85.3% |
| Trade receivables | 40 | €9,387 | €681 | -€8,706 | -92.7% |
| Other amounts receivable | 41 | €2,491 | €1,062 | -€1,430 | -57.4% |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €132,368 | €142,381 | +€10,013 | +7.6% |
| Deferred charges and accrued income | 490/1 | €833 | €1,892 | +€1,060 | +127.2% |
| Total equity and liabilities | 10/49 | €258,562 | €264,469 | +€5,908 | +2.3% |
| Equity | 10/15 | €195,185 | €232,574 | +€37,389 | +19.2% |
| Contributions | 10/11 | €7,400 | €7,400 | = | 0.0% |
| Reserves | 13 | €187,785 | €225,174 | +€37,389 | +19.9% |
| Tax-exempt reserves | 132 | €201 | €201 | = | 0.0% |
| Distributable reserves | 133 | €187,584 | €224,973 | +€37,389 | +19.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €63,376 | €31,895 | -€31,481 | -49.7% |
| Amounts payable within one year | 42/48 | €63,376 | €31,895 | -€31,481 | -49.7% |
| Trade debts | 44 | €11,359 | €14,063 | +€2,704 | +23.8% |
| Suppliers | 440/4 | €11,359 | €14,063 | +€2,704 | +23.8% |
| Taxes, remuneration and social security | 45 | €18,497 | €6,866 | -€11,631 | -62.9% |
| Taxes | 450/3 | €4,989 | €4,345 | -€643 | -12.9% |
| Remuneration and social security | 454/9 | €13,509 | €2,521 | -€10,988 | -81.3% |
| Other amounts payable | 47/48 | €33,520 | €10,967 | -€22,554 | -67.3% |
| Remuneration, social security and pensions | 62 | €54,985 | €68,588 | +€13,603 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,280 | €30,474 | +€194 | +0.6% |
| Other operating charges | 640/8 | €1,043 | €506 | -€537 | -51.5% |
| Non-recurring operating charges | 66A | €920 | €0 | -€920 | -100.0% |
| Gross operating margin | 9900 | €143,534 | €160,313 | +€16,780 | +11.7% |
| Operating profit (loss) | 9901 | €56,305 | €60,745 | +€4,441 | +7.9% |
| Financial income | 75/76B | €118 | €582 | +€464 | +393.5% |
| Recurring financial income | 75 | €118 | €582 | +€464 | +393.5% |
| Financial charges | 65/66B | €6,070 | €7,901 | +€1,831 | +30.2% |
| Recurring financial charges | 65 | €6,070 | €7,901 | +€1,831 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €50,353 | €53,426 | +€3,074 | +6.1% |
| Income taxes | 67/77 | €15,296 | €16,038 | +€742 | +4.8% |
| Profit (loss) for the period | 9904 | €35,057 | €37,389 | +€2,332 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,057 | €37,389 | +€2,332 | +6.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.