SQAd: 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.
SQAd
Largest movements
- Cash +€16,232
up €16,232 (+41.4%), from €39,249 to €55,481
mainly Net result for the year (+€58,223) and Tax, wage and social debts (+€584)
- Receivables within one year +€9,064
up €9,064 (+79505.3%), from €11 to €9,075
- Profit (loss) carried forward +€58,223
up €58,223 (+28.3%), from -€205,693 to -€147,470
- Other debts -€33,672
down €33,672 (-14.9%), from €225,483 to €191,811
- Gross operating margin +€43,138
up €43,138 (+206.8%), from €20,864 to €64,002
- Financial charges -€8,655
down €8,655 (-65.3%), from €13,252 to €4,597
- Other operating charges +€683
up €683 (+121.1%), from €564 to €1,247
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 | €39,764 | €64,734 | +€24,970 | +62.8% |
| Fixed assets | 21/28 | €503 | €178 | -€325 | -64.6% |
| Tangible fixed assets | 22/27 | €503 | €178 | -€325 | -64.6% |
| Furniture and vehicles | 24 | €503 | €178 | -€325 | -64.6% |
| Current assets | 29/58 | €39,260 | €64,556 | +€25,295 | +64.4% |
| Amounts receivable within one year | 40/41 | €11 | €9,075 | +€9,064 | +79505.3% |
| Trade receivables | 40 | €11 | €9,075 | +€9,064 | +79505.3% |
| Cash at bank and in hand | 54/58 | €39,249 | €55,481 | +€16,232 | +41.4% |
| Total equity and liabilities | 10/49 | €39,764 | €64,734 | +€24,970 | +62.8% |
| Equity | 10/15 | -€187,093 | -€128,870 | +€58,223 | +31.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€205,693 | -€147,470 | +€58,223 | +28.3% |
| Amounts payable | 17/49 | €226,857 | €193,604 | -€33,253 | -14.7% |
| Amounts payable within one year | 42/48 | €226,693 | €193,604 | -€33,089 | -14.6% |
| Taxes, remuneration and social security | 45 | €1,210 | €1,794 | +€584 | +48.2% |
| Taxes | 450/3 | €1,210 | €1,794 | +€584 | +48.2% |
| Other amounts payable | 47/48 | €225,483 | €191,811 | -€33,672 | -14.9% |
| Accrued charges and deferred income | 492/3 | €164 | - | -€164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325 | €325 | = | 0.0% |
| Other operating charges | 640/8 | €564 | €1,247 | +€683 | +121.1% |
| Gross operating margin | 9900 | €20,864 | €64,002 | +€43,138 | +206.8% |
| Operating profit (loss) | 9901 | €19,975 | €62,430 | +€42,454 | +212.5% |
| Financial income | 75/76B | €1 | €390 | +€389 | +67119.0% |
| Recurring financial income | 75 | €1 | €390 | +€389 | +67119.0% |
| Financial charges | 65/66B | €13,252 | €4,597 | -€8,655 | -65.3% |
| Recurring financial charges | 65 | €13,252 | €4,597 | -€8,655 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | €6,724 | €58,223 | +€51,499 | +765.9% |
| Profit (loss) for the period | 9904 | €6,724 | €58,223 | +€51,499 | +765.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,724 | €58,223 | +€51,499 | +765.9% |
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 5 October 2026 via checked.be.