SQUARE: 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.
SQUARE
Largest movements
- Current investments -€125,000
down €125,000 (-37.0%), from €338,220 to €213,220
- Tangible fixed assets +€59,195
up €59,195 (+19.9%), from €297,153 to €356,348
of which Furniture and vehicles: +€67,163
- Cash +€54,614
up €54,614 (+16.4%), from €332,483 to €387,097
mainly Current investments (+€125,000) and Net result for the year (+€50,345)
- Receivables within one year -€50,122
down €50,122 (-32.4%), from €154,916 to €104,794
of which Trade receivables: -€66,480
- Trade debts -€74,767
down €74,767 (-49.7%), from €150,292 to €75,526
- Reserves +€32,345
up €32,345 (+3.6%), from €896,149 to €928,494
- Tax, wage and social debts -€18,112
down €18,112 (-25.8%), from €70,150 to €52,038
of which Remuneration and social security: -€14,361
- Gross operating margin -€94,688
down €94,688 (-21.7%), from €436,431 to €341,743
- Taxes -€29,500
down €29,500 (-56.8%), from €51,955 to €22,455
- Financial income +€4,862
up €4,862 (+84.7%), from €5,744 to €10,607
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 | €1,127,770 | €1,062,539 | -€65,231 | -5.8% |
| Fixed assets | 21/28 | €298,233 | €357,428 | +€59,195 | +19.8% |
| Tangible fixed assets | 22/27 | €297,153 | €356,348 | +€59,195 | +19.9% |
| Land and buildings | 22 | €295,982 | €284,590 | -€11,393 | -3.8% |
| Plant, machinery and equipment | 23 | - | €3,425 | +€3,425 | |
| Furniture and vehicles | 24 | €1,171 | €68,333 | +€67,163 | +5736.0% |
| Financial fixed assets | 28 | €1,080 | €1,080 | = | 0.0% |
| Current assets | 29/58 | €829,536 | €705,111 | -€124,426 | -15.0% |
| Amounts receivable within one year | 40/41 | €154,916 | €104,794 | -€50,122 | -32.4% |
| Trade receivables | 40 | €154,330 | €87,850 | -€66,480 | -43.1% |
| Other amounts receivable | 41 | €586 | €16,945 | +€16,359 | +2791.5% |
| Current investments | 50/53 | €338,220 | €213,220 | -€125,000 | -37.0% |
| Cash at bank and in hand | 54/58 | €332,483 | €387,097 | +€54,614 | +16.4% |
| Deferred charges and accrued income | 490/1 | €3,918 | - | -€3,918 | |
| Total equity and liabilities | 10/49 | €1,127,770 | €1,062,539 | -€65,231 | -5.8% |
| Equity | 10/15 | €902,349 | €934,694 | +€32,345 | +3.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €896,149 | €928,494 | +€32,345 | +3.6% |
| Distributable reserves | 133 | €896,149 | €928,494 | +€32,345 | +3.6% |
| Amounts payable | 17/49 | €225,421 | €127,845 | -€97,576 | -43.3% |
| Amounts payable within one year | 42/48 | €223,313 | €127,845 | -€95,469 | -42.8% |
| Current portion of amounts payable after more than one year | 42 | €2,767 | - | -€2,767 | |
| Trade debts | 44 | €150,292 | €75,526 | -€74,767 | -49.7% |
| Suppliers | 440/4 | €150,292 | €75,526 | -€74,767 | -49.7% |
| Taxes, remuneration and social security | 45 | €70,150 | €52,038 | -€18,112 | -25.8% |
| Taxes | 450/3 | €26,253 | €22,502 | -€3,751 | -14.3% |
| Remuneration and social security | 454/9 | €43,897 | €29,536 | -€14,361 | -32.7% |
| Other amounts payable | 47/48 | €104 | €281 | +€177 | +170.1% |
| Accrued charges and deferred income | 492/3 | €2,107 | - | -€2,107 | |
| Non-recurring operating income | 76A | - | €13,523 | +€13,523 | |
| Remuneration, social security and pensions | 62 | €259,491 | €260,126 | +€635 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,946 | €13,868 | -€3,078 | -18.2% |
| Other operating charges | 640/8 | €6,215 | €5,274 | -€941 | -15.1% |
| Gross operating margin | 9900 | €436,431 | €341,743 | -€94,688 | -21.7% |
| Operating profit (loss) | 9901 | €153,778 | €62,474 | -€91,303 | -59.4% |
| Financial income | 75/76B | €5,744 | €10,607 | +€4,862 | +84.7% |
| Recurring financial income | 75 | €5,744 | €10,607 | +€4,862 | +84.7% |
| Financial charges | 65/66B | €411 | €281 | -€130 | -31.7% |
| Recurring financial charges | 65 | €411 | €281 | -€130 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €159,111 | €72,800 | -€86,311 | -54.2% |
| Income taxes | 67/77 | €51,955 | €22,455 | -€29,500 | -56.8% |
| Profit (loss) for the period | 9904 | €107,156 | €50,345 | -€56,811 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €107,156 | €50,345 | -€56,811 | -53.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.