SecondSquare: 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.
SecondSquare
Largest movements
- Cash -€10,500
down €10,500 (-77.7%), from €13,521 to €3,021
mainly Contributions, distributions and other (-€40,702) and Investment in fixed assets (net) (-€18,323)
- Intangible fixed assets +€6,910
up €6,910 (+15.8%), from €43,856 to €50,766
- Receivables within one year -€5,041
down €5,041 (-52.2%), from €9,660 to €4,619
of which Trade receivables: -€6,138
- Deferred charges and accrued income +€1,574
up €1,574 (+77.8%), from €2,022 to €3,596
- Profit (loss) carried forward -€15,280
no longer reported in 2025 (was €15,280)
- Other debts +€10,934
up €10,934 (+42.9%), from €25,500 to €36,434
- Debts after one year -€5,634
down €5,634 (-64.4%), from €8,751 to €3,117
- Trade debts +€3,897
up €3,897 (+371.4%), from €1,049 to €4,947
of which Suppliers: +€3,918
- Current portion of long-term debt -€2,197
down €2,197 (-27.3%), from €8,059 to €5,861
- Gross operating margin +€11,869
up €11,869 (+31.3%), from €37,911 to €49,780
- Taxes +€2,223
up €2,223 (+33.3%), from €6,670 to €8,893
- Depreciation +€1,413
up €1,413 (+14.1%), from €10,000 to €11,413
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 | €69,060 | €62,002 | -€7,057 | -10.2% |
| Fixed assets | 21/28 | €43,856 | €50,766 | +€6,910 | +15.8% |
| Intangible fixed assets | 21 | €43,856 | €50,766 | +€6,910 | +15.8% |
| Current assets | 29/58 | €25,204 | €11,237 | -€13,967 | -55.4% |
| Amounts receivable within one year | 40/41 | €9,660 | €4,619 | -€5,041 | -52.2% |
| Trade receivables | 40 | €8,619 | €2,482 | -€6,138 | -71.2% |
| Other amounts receivable | 41 | €1,041 | €2,137 | +€1,096 | +105.3% |
| Cash at bank and in hand | 54/58 | €13,521 | €3,021 | -€10,500 | -77.7% |
| Deferred charges and accrued income | 490/1 | €2,022 | €3,596 | +€1,574 | +77.8% |
| Total equity and liabilities | 10/49 | €69,060 | €62,002 | -€7,057 | -10.2% |
| Equity | 10/15 | €18,280 | €3,000 | -€15,280 | -83.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,280 | - | -€15,280 | |
| Amounts payable | 17/49 | €50,780 | €59,002 | +€8,223 | +16.2% |
| Amounts payable after more than one year | 17 | €8,751 | €3,117 | -€5,634 | -64.4% |
| Financial debts | 170/4 | €8,751 | €3,117 | -€5,634 | -64.4% |
| Amounts payable within one year | 42/48 | €40,778 | €54,599 | +€13,821 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | €8,059 | €5,861 | -€2,197 | -27.3% |
| Financial debts | 43 | - | €358 | +€358 | |
| Credit institutions | 430/8 | - | €358 | +€358 | |
| Trade debts | 44 | €1,049 | €4,947 | +€3,897 | +371.4% |
| Suppliers | 440/4 | €1,013 | €4,931 | +€3,918 | +386.9% |
| Bills of exchange payable | 441 | €37 | €16 | -€21 | -56.6% |
| Taxes, remuneration and social security | 45 | €6,170 | €6,999 | +€829 | +13.4% |
| Taxes | 450/3 | €6,170 | €6,999 | +€829 | +13.4% |
| Other amounts payable | 47/48 | €25,500 | €36,434 | +€10,934 | +42.9% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,287 | +€36 | +2.9% |
| Non-recurring operating income | 76A | €320 | €438 | +€118 | +36.8% |
| Remuneration, social security and pensions | 62 | €1,465 | €1,161 | -€304 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,000 | €11,413 | +€1,413 | +14.1% |
| Other operating charges | 640/8 | €1,357 | €1,574 | +€217 | +16.0% |
| Gross operating margin | 9900 | €37,911 | €49,780 | +€11,869 | +31.3% |
| Operating profit (loss) | 9901 | €25,089 | €35,632 | +€10,543 | +42.0% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,249 | €1,317 | +€68 | +5.4% |
| Recurring financial charges | 65 | €1,249 | €1,317 | +€68 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €23,842 | €34,316 | +€10,473 | +43.9% |
| Income taxes | 67/77 | €6,670 | €8,893 | +€2,223 | +33.3% |
| Profit (loss) for the period | 9904 | €17,172 | €25,422 | +€8,250 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,172 | €25,422 | +€8,250 | +48.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.