SQUARE: 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.
SQUARE
Largest movements
- Tangible fixed assets +€2,318
up €2,318 (+10.2%), from €22,676 to €24,994
- Deferred charges and accrued income +€1,323
new in 2025: €1,323
- Cash +€1,241
up €1,241 (+41.1%), from €3,023 to €4,264
mainly Trade debts (+€2,368) and Tax, wage and social debts (+€1,975)
- Trade debts +€2,368
up €2,368 (+529.4%), from €447 to €2,816
- Tax, wage and social debts +€1,975
up €1,975 (+269.4%), from €733 to €2,708
- Other debts +€1,788
up €1,788 (+429.2%), from €417 to €2,204
- Profit (loss) carried forward -€1,619
down €1,619 (-8.4%), from €19,215 to €17,596
- Gross operating margin -€7,528
down €7,528 (-72.6%), from €10,370 to €2,842
- Taxes +€1,280
up €1,280 (+143.4%), from €893 to €2,173
- Other operating charges +€117
up €117 (+5.7%), from €2,069 to €2,187
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 | €48,601 | €53,113 | +€4,512 | +9.3% |
| Fixed assets | 21/28 | €22,676 | €24,994 | +€2,318 | +10.2% |
| Tangible fixed assets | 22/27 | €22,676 | €24,994 | +€2,318 | +10.2% |
| Land and buildings | 22 | €22,676 | €24,994 | +€2,318 | +10.2% |
| Current assets | 29/58 | €25,925 | €28,120 | +€2,194 | +8.5% |
| Stocks and contracts in progress | 3 | €22,151 | €21,935 | -€216 | -1.0% |
| Stocks | 30/36 | €22,151 | €21,935 | -€216 | -1.0% |
| Amounts receivable within one year | 40/41 | €751 | €597 | -€154 | -20.6% |
| Trade receivables | 40 | €340 | €597 | +€256 | +75.3% |
| Other amounts receivable | 41 | €411 | €0 | -€411 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,023 | €4,264 | +€1,241 | +41.1% |
| Deferred charges and accrued income | 490/1 | - | €1,323 | +€1,323 | |
| Total equity and liabilities | 10/49 | €48,601 | €53,113 | +€4,512 | +9.3% |
| Equity | 10/15 | €47,004 | €45,385 | -€1,619 | -3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,189 | €9,189 | = | 0.0% |
| Distributable reserves | 133 | €9,189 | €9,189 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,215 | €17,596 | -€1,619 | -8.4% |
| Amounts payable | 17/49 | €1,597 | €7,728 | +€6,131 | +383.9% |
| Amounts payable within one year | 42/48 | €1,597 | €7,728 | +€6,131 | +383.9% |
| Trade debts | 44 | €447 | €2,816 | +€2,368 | +529.4% |
| Suppliers | 440/4 | €447 | €2,816 | +€2,368 | +529.4% |
| Taxes, remuneration and social security | 45 | €733 | €2,708 | +€1,975 | +269.4% |
| Taxes | 450/3 | €733 | €2,708 | +€1,975 | +269.4% |
| Other amounts payable | 47/48 | €417 | €2,204 | +€1,788 | +429.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €51 | +€51 | |
| Other operating charges | 640/8 | €2,069 | €2,187 | +€117 | +5.7% |
| Gross operating margin | 9900 | €10,370 | €2,842 | -€7,528 | -72.6% |
| Operating profit (loss) | 9901 | €8,300 | €604 | -€7,696 | -92.7% |
| Financial income | 75/76B | €16 | €19 | +€4 | +23.0% |
| Recurring financial income | 75 | €16 | €19 | +€4 | +23.0% |
| Financial charges | 65/66B | €93 | €69 | -€24 | -25.7% |
| Recurring financial charges | 65 | €93 | €69 | -€24 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €8,223 | €554 | -€7,669 | -93.3% |
| Income taxes | 67/77 | €893 | €2,173 | +€1,280 | +143.4% |
| Profit (loss) for the period | 9904 | €7,330 | -€1,619 | -€8,949 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,330 | -€1,619 | -€8,949 |
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 29 September 2026 via checked.be.