SQUARE 19: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
SQUARE 19
Largest movements
- Receivables within one year +€488,454
up €488,454 (+39.7%), from €1.2m to €1.7m
of which Trade receivables: +€388,754
- Tangible fixed assets -€407,896
down €407,896 (-5.8%), from €7.1m to €6.7m
of which Land and buildings: -€380,050
- Cash -€114,427
down €114,427 (-84.9%), from €134,760 to €20,333
mainly Receivables within one year (-€488,454) and Debts after one year (-€74,375)
- Reserves +€221,440
up €221,440 (+28.4%), from €778,860 to €1.0m
- Taxes -€152,708
down €152,708 (-88.6%), from €172,350 to €19,643
- Gross operating margin -€72,916
down €72,916 (-9.3%), from €781,672 to €708,756
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,453,748 | €9,469,786 | +€16,038 | +0.2% |
| Fixed assets | 21/28 | €7,557,343 | €7,149,447 | -€407,896 | -5.4% |
| Tangible fixed assets | 22/27 | €7,071,203 | €6,663,307 | -€407,896 | -5.8% |
| Land and buildings | 22 | €6,971,475 | €6,591,425 | -€380,050 | -5.5% |
| Plant, machinery and equipment | 23 | €52,005 | €39,613 | -€12,392 | -23.8% |
| Furniture and vehicles | 24 | €47,723 | €32,269 | -€15,454 | -32.4% |
| Financial fixed assets | 28 | €486,139 | €486,139 | = | 0.0% |
| Current assets | 29/58 | €1,896,406 | €2,320,339 | +€423,934 | +22.4% |
| Amounts receivable after more than one year | 29 | €531,164 | €581,070 | +€49,906 | +9.4% |
| Trade receivables | 290 | €531,164 | €581,070 | +€49,906 | +9.4% |
| Amounts receivable within one year | 40/41 | €1,230,482 | €1,718,936 | +€488,454 | +39.7% |
| Trade receivables | 40 | €905,665 | €1,294,419 | +€388,754 | +42.9% |
| Other amounts receivable | 41 | €324,817 | €424,517 | +€99,700 | +30.7% |
| Cash at bank and in hand | 54/58 | €134,760 | €20,333 | -€114,427 | -84.9% |
| Total equity and liabilities | 10/49 | €9,453,748 | €9,469,786 | +€16,038 | +0.2% |
| Equity | 10/15 | €8,297,491 | €8,518,909 | +€221,418 | +2.7% |
| Contributions | 10/11 | €7,518,600 | €7,518,600 | = | 0.0% |
| Reserves | 13 | €778,860 | €1,000,300 | +€221,440 | +28.4% |
| Distributable reserves | 133 | €778,860 | €1,000,300 | +€221,440 | +28.4% |
| Profit (loss) carried forward | 14 | €31 | €9 | -€22 | -70.9% |
| Amounts payable | 17/49 | €1,156,258 | €950,877 | -€205,381 | -17.8% |
| Amounts payable after more than one year | 17 | €718,911 | €644,536 | -€74,375 | -10.3% |
| Financial debts | 170/4 | €718,911 | €644,536 | -€74,375 | -10.3% |
| Amounts payable within one year | 42/48 | €437,347 | €306,341 | -€131,005 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €73,425 | €74,375 | +€950 | +1.3% |
| Trade debts | 44 | €65,619 | €53,455 | -€12,164 | -18.5% |
| Suppliers | 440/4 | €65,619 | €53,455 | -€12,164 | -18.5% |
| Taxes, remuneration and social security | 45 | €149,971 | €81,728 | -€68,242 | -45.5% |
| Taxes | 450/3 | €147,024 | €78,172 | -€68,852 | -46.8% |
| Remuneration and social security | 454/9 | €2,947 | €3,556 | +€610 | +20.7% |
| Other amounts payable | 47/48 | €148,333 | €96,783 | -€51,549 | -34.8% |
| Remuneration, social security and pensions | 62 | €314 | -€1,530 | -€1,844 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €423,842 | €425,280 | +€1,438 | +0.3% |
| Other operating charges | 640/8 | €4,035 | €2,424 | -€1,611 | -39.9% |
| Gross operating margin | 9900 | €781,672 | €708,756 | -€72,916 | -9.3% |
| Operating profit (loss) | 9901 | €353,481 | €282,582 | -€70,899 | -20.1% |
| Financial income | 75/76B | €10,219 | €7,379 | -€2,840 | -27.8% |
| Recurring financial income | 75 | €10,219 | €7,379 | -€2,840 | -27.8% |
| Financial charges | 65/66B | €42,158 | €48,901 | +€6,743 | +16.0% |
| Recurring financial charges | 65 | €42,158 | €48,901 | +€6,743 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €321,543 | €241,061 | -€80,482 | -25.0% |
| Income taxes | 67/77 | €172,350 | €19,643 | -€152,708 | -88.6% |
| Profit (loss) for the period | 9904 | €149,193 | €221,418 | +€72,226 | +48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €149,193 | €221,418 | +€72,226 | +48.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.