SQILLD: 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.
SQILLD
Largest movements
- Tangible fixed assets +€40,895
up €40,895 (+180.4%), from €22,668 to €63,564
of which Furniture and vehicles: +€44,755
- Cash -€3,693
down €3,693 (-5.0%), from €74,588 to €70,895
mainly Investment in fixed assets (net) (-€61,396) and Contributions, distributions and other (-€51,810)
- Receivables within one year +€1,615
up €1,615 (+8.2%), from €19,693 to €21,308
of which Other amounts receivable: +€1,963
- Debts after one year +€21,540
new in 2025: €21,540
- Current portion of long-term debt +€9,788
new in 2025: €9,788
- Other debts +€7,841
up €7,841 (+16.3%), from €48,251 to €56,092
- Gross operating margin +€10,168
up €10,168 (+13.3%), from €76,614 to €86,783
- Depreciation +€8,495
up €8,495 (+70.8%), from €12,006 to €20,501
- Taxes -€2,158
down €2,158 (-14.2%), from €15,195 to €13,037
- Other operating charges -€1,341
down €1,341 (-91.7%), from €1,462 to €121
- Financial charges +€1,225
up €1,225 (+1372.4%), from €89 to €1,314
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 | €117,364 | €155,766 | +€38,402 | +32.7% |
| Fixed assets | 21/28 | €22,668 | €63,564 | +€40,895 | +180.4% |
| Tangible fixed assets | 22/27 | €22,668 | €63,564 | +€40,895 | +180.4% |
| Furniture and vehicles | 24 | €12,861 | €57,616 | +€44,755 | +348.0% |
| Other tangible fixed assets | 26 | €9,807 | €5,948 | -€3,859 | -39.4% |
| Current assets | 29/58 | €94,696 | €92,203 | -€2,494 | -2.6% |
| Amounts receivable within one year | 40/41 | €19,693 | €21,308 | +€1,615 | +8.2% |
| Trade receivables | 40 | €19,693 | €19,345 | -€348 | -1.8% |
| Other amounts receivable | 41 | - | €1,963 | +€1,963 | |
| Cash at bank and in hand | 54/58 | €74,588 | €70,895 | -€3,693 | -5.0% |
| Deferred charges and accrued income | 490/1 | €415 | €0 | -€415 | -100.0% |
| Total equity and liabilities | 10/49 | €117,364 | €155,766 | +€38,402 | +32.7% |
| Equity | 10/15 | €57,859 | €57,859 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €55,859 | €55,859 | = | 0.0% |
| Distributable reserves | 133 | €55,859 | €55,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,505 | €97,907 | +€38,402 | +64.5% |
| Amounts payable after more than one year | 17 | - | €21,540 | +€21,540 | |
| Financial debts | 170/4 | - | €21,540 | +€21,540 | |
| Amounts payable within one year | 42/48 | €59,505 | €76,367 | +€16,862 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | - | €9,788 | +€9,788 | |
| Trade debts | 44 | €3,620 | €2,131 | -€1,488 | -41.1% |
| Suppliers | 440/4 | €3,620 | €2,131 | -€1,488 | -41.1% |
| Taxes, remuneration and social security | 45 | €7,635 | €8,356 | +€722 | +9.5% |
| Taxes | 450/3 | €4,802 | €5,348 | +€546 | +11.4% |
| Remuneration and social security | 454/9 | €2,833 | €3,009 | +€176 | +6.2% |
| Other amounts payable | 47/48 | €48,251 | €56,092 | +€7,841 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,006 | €20,501 | +€8,495 | +70.8% |
| Other operating charges | 640/8 | €1,462 | €121 | -€1,341 | -91.7% |
| Gross operating margin | 9900 | €76,614 | €86,783 | +€10,168 | +13.3% |
| Operating profit (loss) | 9901 | €63,147 | €66,161 | +€3,014 | +4.8% |
| Financial income | 75/76B | €389 | €0 | -€388 | -99.9% |
| Recurring financial income | 75 | €389 | €0 | -€388 | -99.9% |
| Financial charges | 65/66B | €89 | €1,314 | +€1,225 | +1372.4% |
| Recurring financial charges | 65 | €89 | €1,314 | +€1,225 | +1372.4% |
| Profit (loss) for the period before taxes | 9903 | €63,446 | €64,847 | +€1,401 | +2.2% |
| Income taxes | 67/77 | €15,195 | €13,037 | -€2,158 | -14.2% |
| Profit (loss) for the period | 9904 | €48,251 | €51,810 | +€3,559 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,251 | €51,810 | +€3,559 | +7.4% |
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 10 October 2026 via checked.be.