SQAT: 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.
SQAT
Largest movements
- Cash +€222,375
up €222,375 (+60.3%), from €369,030 to €591,405
mainly Net result for the year (+€197,442) and Receivables within one year (+€21,018)
- Receivables within one year -€21,018
no longer reported in 2026 (was €21,018)
- Tangible fixed assets -€18,207
down €18,207 (-25.2%), from €72,144 to €53,937
- Profit (loss) carried forward +€197,442
up €197,442 (+78.6%), from €251,228 to €448,670
- Other debts -€33,648
down €33,648 (-31.0%), from €108,480 to €74,832
- Tax, wage and social debts +€19,349
up €19,349 (+19.4%), from €99,892 to €119,242
of which Remuneration and social security: +€40,000
- Gross operating margin -€91,644
down €91,644 (-24.6%), from €372,168 to €280,524
- Taxes -€17,982
down €17,982 (-23.0%), from €78,065 to €60,083
- Other operating charges -€10,416
down €10,416 (-98.0%), from €10,627 to €211
- Depreciation -€7,702
down €7,702 (-27.8%), from €27,676 to €19,974
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €462,500 | €645,670 | +€183,169 | +39.6% |
| Fixed assets | 21/28 | €72,144 | €53,937 | -€18,207 | -25.2% |
| Tangible fixed assets | 22/27 | €72,144 | €53,937 | -€18,207 | -25.2% |
| Furniture and vehicles | 24 | €72,144 | €53,937 | -€18,207 | -25.2% |
| Current assets | 29/58 | €390,357 | €591,733 | +€201,376 | +51.6% |
| Amounts receivable within one year | 40/41 | €21,018 | - | -€21,018 | |
| Trade receivables | 40 | €21,018 | - | -€21,018 | |
| Cash at bank and in hand | 54/58 | €369,030 | €591,405 | +€222,375 | +60.3% |
| Deferred charges and accrued income | 490/1 | €309 | €328 | +€19 | +6.1% |
| Total equity and liabilities | 10/49 | €462,500 | €645,670 | +€183,169 | +39.6% |
| Equity | 10/15 | €253,228 | €450,670 | +€197,442 | +78.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €251,228 | €448,670 | +€197,442 | +78.6% |
| Amounts payable | 17/49 | €209,272 | €195,000 | -€14,273 | -6.8% |
| Amounts payable within one year | 42/48 | €209,242 | €194,966 | -€14,277 | -6.8% |
| Trade debts | 44 | €870 | €892 | +€22 | +2.5% |
| Suppliers | 440/4 | €870 | €892 | +€22 | +2.5% |
| Taxes, remuneration and social security | 45 | €99,892 | €119,242 | +€19,349 | +19.4% |
| Taxes | 450/3 | €99,892 | €79,242 | -€20,651 | -20.7% |
| Remuneration and social security | 454/9 | - | €40,000 | +€40,000 | |
| Other amounts payable | 47/48 | €108,480 | €74,832 | -€33,648 | -31.0% |
| Accrued charges and deferred income | 492/3 | €30 | €34 | +€4 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,676 | €19,974 | -€7,702 | -27.8% |
| Other operating charges | 640/8 | €10,627 | €211 | -€10,416 | -98.0% |
| Gross operating margin | 9900 | €372,168 | €280,524 | -€91,644 | -24.6% |
| Operating profit (loss) | 9901 | €333,865 | €260,340 | -€73,525 | -22.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,573 | €2,815 | -€1,758 | -38.4% |
| Recurring financial charges | 65 | €4,573 | €2,815 | -€1,758 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €329,293 | €257,525 | -€71,768 | -21.8% |
| Income taxes | 67/77 | €78,065 | €60,083 | -€17,982 | -23.0% |
| Profit (loss) for the period | 9904 | €251,228 | €197,442 | -€53,786 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €251,228 | €197,442 | -€53,786 | -21.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.