SQUADRA SOFTWARE: 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.
SQUADRA SOFTWARE
Largest movements
- Intangible fixed assets +€176,910
up €176,910 (+83.0%), from €213,272 to €390,182
- Receivables within one year +€30,810
up €30,810 (+889.4%), from €3,464 to €34,273
of which Trade receivables: +€33,972
- Cash +€5,873
up €5,873 (+15.0%), from €39,235 to €45,107
mainly Debts after one year (+€200,000) and Depreciation (+€15,747)
- Debts after one year +€200,000
up €200,000 (+131.2%), from €152,463 to €352,463
- Trade debts +€8,427
up €8,427 (+28.6%), from €29,459 to €37,886
- Gross operating margin -€80,082
down €80,082 (-26.1%), from €307,102 to €227,019
- Staff costs -€68,892
down €68,892 (-25.8%), from €266,986 to €198,094
- Financial charges +€5,598
up €5,598 (+218.1%), from €2,566 to €8,165
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 | €262,532 | €474,053 | +€211,521 | +80.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €219,834 | €394,672 | +€174,839 | +79.5% |
| Intangible fixed assets | 21 | €213,272 | €390,182 | +€176,910 | +83.0% |
| Tangible fixed assets | 22/27 | €3,485 | €1,414 | -€2,071 | -59.4% |
| Furniture and vehicles | 24 | €3,485 | €1,414 | -€2,071 | -59.4% |
| Financial fixed assets | 28 | €3,076 | €3,076 | = | 0.0% |
| Current assets | 29/58 | €42,698 | €79,381 | +€36,682 | +85.9% |
| Amounts receivable within one year | 40/41 | €3,464 | €34,273 | +€30,810 | +889.4% |
| Trade receivables | 40 | €0 | €33,972 | +€33,972 | |
| Other amounts receivable | 41 | €3,464 | €301 | -€3,163 | -91.3% |
| Cash at bank and in hand | 54/58 | €39,235 | €45,107 | +€5,873 | +15.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €262,532 | €474,053 | +€211,521 | +80.6% |
| Equity | 10/15 | €46,860 | €49,954 | +€3,094 | +6.6% |
| Contributions | 10/11 | €35,333 | €35,333 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,527 | €14,621 | +€3,094 | +26.8% |
| Amounts payable | 17/49 | €215,672 | €424,099 | +€208,427 | +96.6% |
| Amounts payable after more than one year | 17 | €152,463 | €352,463 | +€200,000 | +131.2% |
| Financial debts | 170/4 | €152,463 | €352,463 | +€200,000 | +131.2% |
| Amounts payable within one year | 42/48 | €61,209 | €69,636 | +€8,427 | +13.8% |
| Trade debts | 44 | €29,459 | €37,886 | +€8,427 | +28.6% |
| Suppliers | 440/4 | €29,459 | €37,886 | +€8,427 | +28.6% |
| Taxes, remuneration and social security | 45 | €31,750 | €31,750 | -€0 | 0.0% |
| Taxes | 450/3 | €1,870 | €1,870 | -€0 | 0.0% |
| Remuneration and social security | 454/9 | €29,880 | €29,880 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €266,986 | €198,094 | -€68,892 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,460 | €15,747 | -€2,713 | -14.7% |
| Other operating charges | 640/8 | €2,387 | €1,919 | -€468 | -19.6% |
| Gross operating margin | 9900 | €307,102 | €227,019 | -€80,082 | -26.1% |
| Operating profit (loss) | 9901 | €19,267 | €11,259 | -€8,009 | -41.6% |
| Financial charges | 65/66B | €2,566 | €8,165 | +€5,598 | +218.1% |
| Recurring financial charges | 65 | €2,566 | €8,165 | +€5,598 | +218.1% |
| Profit (loss) for the period before taxes | 9903 | €16,701 | €3,094 | -€13,607 | -81.5% |
| Income taxes | 67/77 | €1,915 | -€0 | -€1,915 | |
| Profit (loss) for the period | 9904 | €14,786 | €3,094 | -€11,692 | -79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,786 | €3,094 | -€11,692 | -79.1% |
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 2 October 2026 via checked.be.