SQUALE WOOD: 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.
SQUALE WOOD
Largest movements
- Tangible fixed assets -€21,012
down €21,012 (-69.1%), from €30,421 to €9,409
of which Furniture and vehicles: -€22,897
- Receivables within one year +€5,397
up €5,397 (+1,984%), from €272 to €5,669
of which Trade receivables: +€4,236
- Cash +€4,349
up €4,349 (+15.9%), from €27,411 to €31,760
mainly Investment in fixed assets (net) (+€17,647) and Depreciation (+€3,365)
- Other debts -€4,452
down €4,452 (-35.6%), from €12,499 to €8,047
- Trade debts -€2,501
down €2,501 (-71.0%), from €3,523 to €1,022
- Profit (loss) carried forward -€2,417
down €2,417 (-62.4%), from €3,873 to €1,456
- Tax, wage and social debts -€1,492
down €1,492 (-57.9%), from €2,576 to €1,084
- Gross operating margin -€12,091
down €12,091 (-62.6%), from €19,303 to €7,212
- Depreciation -€10,319
down €10,319 (-75.4%), from €13,684 to €3,365
- Taxes -€1,084
down €1,084 (-100%), from €1,084 to €0
- Other operating charges +€896
up €896 (+1,262%), from €71 to €967
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.
Derived cash bridge
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 | €58,139 | €47,115 | -€11,024 | -19.0% |
| Fixed assets | 21/28 | €30,421 | €9,409 | -€21,012 | -69.1% |
| Tangible fixed assets | 22/27 | €30,421 | €9,409 | -€21,012 | -69.1% |
| Plant, machinery and equipment | 23 | €754 | €2,639 | +€1,885 | +250% |
| Furniture and vehicles | 24 | €29,667 | €6,770 | -€22,897 | -77.2% |
| Current assets | 29/58 | €27,718 | €37,707 | +€9,989 | +36.0% |
| Amounts receivable within one year | 40/41 | €272 | €5,669 | +€5,397 | +1,984% |
| Trade receivables | 40 | - | €4,236 | +€4,236 | |
| Other amounts receivable | 41 | €272 | €1,433 | +€1,161 | +427% |
| Cash at bank and in hand | 54/58 | €27,411 | €31,760 | +€4,349 | +15.9% |
| Deferred charges and accrued income | 490/1 | €35 | €277 | +€242 | +691% |
| Total equity and liabilities | 10/49 | €58,139 | €47,115 | -€11,024 | -19.0% |
| Equity | 10/15 | €12,861 | €10,444 | -€2,417 | -18.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,988 | €3,988 | +€0 | 0.0% |
| Distributable reserves | 133 | €3,988 | €3,988 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €3,873 | €1,456 | -€2,417 | -62.4% |
| Amounts payable | 17/49 | €45,278 | €36,671 | -€8,607 | -19.0% |
| Amounts payable after more than one year | 17 | €17,293 | €17,508 | +€215 | +1.2% |
| Financial debts | 170/4 | €17,293 | €17,508 | +€215 | +1.2% |
| Amounts payable within one year | 42/48 | €27,985 | €19,164 | -€8,821 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €9,387 | €9,011 | -€376 | -4.0% |
| Trade debts | 44 | €3,523 | €1,022 | -€2,501 | -71.0% |
| Suppliers | 440/4 | €3,523 | €1,022 | -€2,501 | -71.0% |
| Taxes, remuneration and social security | 45 | €2,576 | €1,084 | -€1,492 | -57.9% |
| Taxes | 450/3 | €2,576 | €1,084 | -€1,492 | -57.9% |
| Other amounts payable | 47/48 | €12,499 | €8,047 | -€4,452 | -35.6% |
| Non-recurring operating income | 76A | - | €2,780 | +€2,780 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,684 | €3,365 | -€10,319 | -75.4% |
| Other operating charges | 640/8 | €71 | €967 | +€896 | +1,262% |
| Non-recurring operating charges | 66A | €1,694 | €3,771 | +€2,077 | +123% |
| Gross operating margin | 9900 | €19,303 | €7,212 | -€12,091 | -62.6% |
| Operating profit (loss) | 9901 | €3,854 | -€891 | -€4,745 | |
| Financial income | 75/76B | €74 | €1 | -€73 | -99.1% |
| Recurring financial income | 75 | €74 | €1 | -€73 | -99.1% |
| Financial charges | 65/66B | €1,471 | €1,527 | +€56 | +3.8% |
| Recurring financial charges | 65 | €1,471 | €1,527 | +€56 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €2,457 | -€2,417 | -€4,874 | |
| Income taxes | 67/77 | €1,084 | €0 | -€1,084 | -100% |
| Profit (loss) for the period | 9904 | €1,373 | -€2,417 | -€3,790 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,373 | -€2,417 | -€3,790 |
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 29 October 2026 via checked.be.