SQUARE CARS: what changed
SQUARE CARS
Largest movements
- Stocks and contracts -€1,920
down €1,920 (-24.0%), from €8,000 to €6,080
- Cash -€1,420
down €1,420 (-24.0%), from €5,909 to €4,489
mainly Net result for the year (-€4,286) and Receivables within one year (-€44)
- Tangible fixed assets -€405
down €405 (-25.0%), from €1,620 to €1,215
- Profit (loss) carried forward -€4,286
down €4,286, from €1,675 to -€2,611
- Trade debts +€585
up €585 (+116%), from €506 to €1,091
- Write-downs +€1,920
new in 2025: €1,920
- Gross operating margin -€1,504
down €1,504 (-952%), from -€158 to -€1,662
- Other operating charges -€1,302
down €1,302 (-83.9%), from €1,552 to €250
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 | €20,781 | €17,080 | -€3,701 | -17.8% |
| Fixed assets | 21/28 | €1,620 | €1,215 | -€405 | -25.0% |
| Tangible fixed assets | 22/27 | €1,620 | €1,215 | -€405 | -25.0% |
| Furniture and vehicles | 24 | €1,620 | €1,215 | -€405 | -25.0% |
| Current assets | 29/58 | €19,161 | €15,865 | -€3,296 | -17.2% |
| Stocks and contracts in progress | 3 | €8,000 | €6,080 | -€1,920 | -24.0% |
| Stocks | 30/36 | €8,000 | €6,080 | -€1,920 | -24.0% |
| Amounts receivable within one year | 40/41 | €5,252 | €5,296 | +€44 | +0.8% |
| Other amounts receivable | 41 | €5,252 | €5,296 | +€44 | +0.8% |
| Cash at bank and in hand | 54/58 | €5,909 | €4,489 | -€1,420 | -24.0% |
| Total equity and liabilities | 10/49 | €20,781 | €17,080 | -€3,701 | -17.8% |
| Equity | 10/15 | €20,275 | €15,989 | -€4,286 | -21.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,675 | -€2,611 | -€4,286 | |
| Amounts payable | 17/49 | €506 | €1,091 | +€585 | +116% |
| Amounts payable within one year | 42/48 | €506 | €1,091 | +€585 | +116% |
| Trade debts | 44 | €506 | €1,091 | +€585 | +116% |
| Suppliers | 440/4 | €506 | €1,091 | +€585 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €405 | €405 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,920 | +€1,920 | |
| Other operating charges | 640/8 | €1,552 | €250 | -€1,302 | -83.9% |
| Gross operating margin | 9900 | -€158 | -€1,662 | -€1,504 | -952% |
| Operating profit (loss) | 9901 | -€2,115 | -€4,237 | -€2,122 | -100% |
| Financial charges | 65/66B | €52 | €48 | -€4 | -7.2% |
| Recurring financial charges | 65 | €52 | €48 | -€4 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,167 | -€4,286 | -€2,118 | -97.7% |
| Profit (loss) for the period | 9904 | -€2,167 | -€4,286 | -€2,118 | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,167 | -€4,286 | -€2,118 | -97.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.