R SQUARED AND CO: what changed
R SQUARED AND CO
Largest movements
- Cash +€70,740
up €70,740 (+275%), from €25,703 to €96,443
mainly Net result for the year (+€61,485) and Depreciation (+€10,460)
- Tangible fixed assets -€7,708
down €7,708 (-19.9%), from €38,702 to €30,994
of which Furniture and vehicles: -€5,839
- Profit (loss) carried forward +€60,652
up €60,652 (+114%), from €53,086 to €113,738
- Tax, wage and social debts +€1,616
up €1,616 (+7.0%), from €22,978 to €24,594
- Gross operating margin +€13,655
up €13,655 (+18.0%), from €76,024 to €89,679
- Depreciation +€3,795
up €3,795 (+57.0%), from €6,664 to €10,460
- Taxes +€2,256
up €2,256 (+14.6%), from €15,415 to €17,671
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,489 | €144,145 | +€63,656 | +79.1% |
| Fixed assets | 21/28 | €38,702 | €30,994 | -€7,708 | -19.9% |
| Tangible fixed assets | 22/27 | €38,702 | €30,994 | -€7,708 | -19.9% |
| Land and buildings | 22 | €8,226 | €6,357 | -€1,869 | -22.7% |
| Furniture and vehicles | 24 | €30,476 | €24,637 | -€5,839 | -19.2% |
| Current assets | 29/58 | €41,787 | €113,151 | +€71,364 | +171% |
| Amounts receivable within one year | 40/41 | €15,246 | €16,191 | +€945 | +6.2% |
| Trade receivables | 40 | €15,246 | €16,191 | +€945 | +6.2% |
| Cash at bank and in hand | 54/58 | €25,703 | €96,443 | +€70,740 | +275% |
| Deferred charges and accrued income | 490/1 | €839 | €518 | -€321 | -38.3% |
| Total equity and liabilities | 10/49 | €80,489 | €144,145 | +€63,656 | +79.1% |
| Equity | 10/15 | €56,086 | €116,738 | +€60,652 | +108% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,086 | €113,738 | +€60,652 | +114% |
| Amounts payable | 17/49 | €24,403 | €27,408 | +€3,004 | +12.3% |
| Amounts payable within one year | 42/48 | €24,403 | €27,408 | +€3,004 | +12.3% |
| Trade debts | 44 | - | €253 | +€253 | |
| Suppliers | 440/4 | - | €253 | +€253 | |
| Taxes, remuneration and social security | 45 | €22,978 | €24,594 | +€1,616 | +7.0% |
| Taxes | 450/3 | €22,978 | €24,594 | +€1,616 | +7.0% |
| Other amounts payable | 47/48 | €1,426 | €2,561 | +€1,135 | +79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,664 | €10,460 | +€3,795 | +57.0% |
| Other operating charges | 640/8 | - | €63 | +€63 | |
| Gross operating margin | 9900 | €76,024 | €89,679 | +€13,655 | +18.0% |
| Operating profit (loss) | 9901 | €69,359 | €79,156 | +€9,796 | +14.1% |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €69,359 | €79,156 | +€9,796 | +14.1% |
| Income taxes | 67/77 | €15,415 | €17,671 | +€2,256 | +14.6% |
| Profit (loss) for the period | 9904 | €53,945 | €61,485 | +€7,540 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,945 | €61,485 | +€7,540 | +14.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.