SKWADRAAT: 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.
SKWADRAAT
Largest movements
- Cash +€50,613
up €50,613 (+444%), from €11,408 to €62,021
mainly Net result for the year (+€51,609) and Tax, wage and social debts (+€19,634)
- Tangible fixed assets +€11,704
new in 2025: €11,704
- Receivables within one year +€5,795
up €5,795 (+37.7%), from €15,380 to €21,175
of which Trade receivables: +€5,838
- Deferred charges and accrued income +€1,006
up €1,006 (+62.7%), from €1,606 to €2,612
- Profit (loss) carried forward +€51,609
up €51,609 (+519%), from €9,940 to €61,550
- Tax, wage and social debts +€19,634
up €19,634 (+223%), from €8,818 to €28,452
of which Taxes: +€19,634
- Trade debts -€2,129
down €2,129 (-41.4%), from €5,146 to €3,017
- Gross operating margin +€56,576
up €56,576 (+440%), from €12,849 to €69,425
- Taxes +€11,323
up €11,323 (+407%), from €2,780 to €14,103
- Financial charges +€1,930
up €1,930 (+1,499%), from €129 to €2,059
- Depreciation +€1,224
new in 2025: €1,224
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 | €28,394 | €97,512 | +€69,118 | +243% |
| Fixed assets | 21/28 | - | €11,704 | +€11,704 | |
| Tangible fixed assets | 22/27 | - | €11,704 | +€11,704 | |
| Furniture and vehicles | 24 | - | €11,704 | +€11,704 | |
| Current assets | 29/58 | €28,394 | €85,808 | +€57,414 | +202% |
| Amounts receivable within one year | 40/41 | €15,380 | €21,175 | +€5,795 | +37.7% |
| Trade receivables | 40 | €15,337 | €21,175 | +€5,838 | +38.1% |
| Other amounts receivable | 41 | €43 | - | -€43 | |
| Cash at bank and in hand | 54/58 | €11,408 | €62,021 | +€50,613 | +444% |
| Deferred charges and accrued income | 490/1 | €1,606 | €2,612 | +€1,006 | +62.7% |
| Total equity and liabilities | 10/49 | €28,394 | €97,512 | +€69,118 | +243% |
| Equity | 10/15 | €12,940 | €64,550 | +€51,609 | +399% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,940 | €61,550 | +€51,609 | +519% |
| Amounts payable | 17/49 | €15,453 | €32,962 | +€17,509 | +113% |
| Amounts payable within one year | 42/48 | €15,453 | €32,962 | +€17,509 | +113% |
| Financial debts | 43 | €288 | €255 | -€33 | -11.6% |
| Credit institutions | 430/8 | €288 | €255 | -€33 | -11.6% |
| Trade debts | 44 | €5,146 | €3,017 | -€2,129 | -41.4% |
| Suppliers | 440/4 | €5,146 | €3,017 | -€2,129 | -41.4% |
| Taxes, remuneration and social security | 45 | €8,818 | €28,452 | +€19,634 | +223% |
| Taxes | 450/3 | €6,278 | €25,912 | +€19,634 | +313% |
| Remuneration and social security | 454/9 | €2,540 | €2,540 | = | 0.0% |
| Other amounts payable | 47/48 | €1,200 | €1,237 | +€37 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,224 | +€1,224 | |
| Other operating charges | 640/8 | - | €430 | +€430 | |
| Gross operating margin | 9900 | €12,849 | €69,425 | +€56,576 | +440% |
| Operating profit (loss) | 9901 | €12,849 | €67,771 | +€54,922 | +427% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €129 | €2,059 | +€1,930 | +1,499% |
| Recurring financial charges | 65 | €129 | €2,059 | +€1,930 | +1,499% |
| Profit (loss) for the period before taxes | 9903 | €12,720 | €65,712 | +€52,992 | +417% |
| Income taxes | 67/77 | €2,780 | €14,103 | +€11,323 | +407% |
| Profit (loss) for the period | 9904 | €9,940 | €51,609 | +€41,669 | +419% |
| Profit (loss) for the period to be appropriated | 9905 | €9,940 | €51,609 | +€41,669 | +419% |
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 26 October 2026 via checked.be.