SQUAD TECH SERVICES: 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.
SQUAD TECH SERVICES
Largest movements
- Cash +€7,654
up €7,654 (+6.0%), from €127,866 to €135,520
mainly Net result for the year (+€67,305) and Trade debts (+€698)
- Receivables within one year +€1,876
up €1,876 (+17.0%), from €11,011 to €12,887
- Tangible fixed assets +€1,576
new in 2025: €1,576
- Profit (loss) carried forward +€25,038
up €25,038 (+21.9%), from €114,241 to €139,279
- Tax, wage and social debts -€14,122
down €14,122 (-64.3%), from €21,963 to €7,841
- Gross operating margin +€15,262
up €15,262 (+21.0%), from €72,574 to €87,835
- Taxes +€3,027
up €3,027 (+20.3%), from €14,941 to €17,968
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 | €138,976 | €150,082 | +€11,106 | +8.0% |
| Fixed assets | 21/28 | - | €1,576 | +€1,576 | |
| Tangible fixed assets | 22/27 | - | €1,576 | +€1,576 | |
| Plant, machinery and equipment | 23 | - | €1,576 | +€1,576 | |
| Current assets | 29/58 | €138,976 | €148,506 | +€9,529 | +6.9% |
| Amounts receivable within one year | 40/41 | €11,011 | €12,887 | +€1,876 | +17.0% |
| Trade receivables | 40 | €11,011 | €12,887 | +€1,876 | +17.0% |
| Cash at bank and in hand | 54/58 | €127,866 | €135,520 | +€7,654 | +6.0% |
| Deferred charges and accrued income | 490/1 | €99 | €99 | = | 0.0% |
| Total equity and liabilities | 10/49 | €138,976 | €150,082 | +€11,106 | +8.0% |
| Equity | 10/15 | €116,241 | €141,279 | +€25,038 | +21.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,241 | €139,279 | +€25,038 | +21.9% |
| Amounts payable | 17/49 | €22,736 | €8,803 | -€13,932 | -61.3% |
| Amounts payable within one year | 42/48 | €22,736 | €8,803 | -€13,932 | -61.3% |
| Trade debts | 44 | - | €698 | +€698 | |
| Suppliers | 440/4 | - | €698 | +€698 | |
| Taxes, remuneration and social security | 45 | €21,963 | €7,841 | -€14,122 | -64.3% |
| Taxes | 450/3 | €21,963 | €7,841 | -€14,122 | -64.3% |
| Other amounts payable | 47/48 | €773 | €265 | -€508 | -65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €54 | +€54 | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €72,574 | €87,835 | +€15,262 | +21.0% |
| Operating profit (loss) | 9901 | €72,574 | €87,382 | +€14,808 | +20.4% |
| Financial charges | 65/66B | €2,105 | €2,108 | +€3 | +0.2% |
| Recurring financial charges | 65 | €2,105 | €2,108 | +€3 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €70,469 | €85,274 | +€14,805 | +21.0% |
| Income taxes | 67/77 | €14,941 | €17,968 | +€3,027 | +20.3% |
| Profit (loss) for the period | 9904 | €55,528 | €67,305 | +€11,778 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,528 | €67,305 | +€11,778 | +21.2% |
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.