Square du Champ de Mars: 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 du Champ de Mars
Largest movements
- Tangible fixed assets -€911,728
down €911,728 (-3.0%), from €30.7m to €29.8m
- Cash +€379,877
up €379,877 (+461%), from €82,369 to €462,246
mainly Contributions, distributions and other (+€3.7m) and Depreciation (+€914,266)
- Receivables within one year +€336,626
up €336,626 (+121%), from €278,374 to €615,000
of which Trade receivables: +€607,256
- Debts after one year -€4.8m
down €4.8m (-22.6%), from €21.4m to €16.6m
- Contributions +€3.7m
up €3.7m (+26.7%), from €13.8m to €17.5m
- Current portion of long-term debt +€440,000
new in 2025: €440,000
- Profit (loss) carried forward -€415,014
down €415,014 (-11.7%), from -€3.6m to -€4.0m
- Accrued charges and deferred income +€367,800
up €367,800 (+146%), from €252,227 to €620,027
- Gross operating margin +€2.0m
new in 2025: €2.0m
- Turnover -€1.7m
no longer reported in 2025 (was €1.7m)
- Other operating income -€578,530
no longer reported in 2025 (was €578,530)
- Financial charges -€440,709
down €440,709 (-33.0%), from €1.3m to €895,067
- Services and other goods -€308,699
no longer reported in 2025 (was €308,699)
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 | €31,940,592 | €31,618,687 | -€321,904 | -1.0% |
| Fixed assets | 21/28 | €30,726,878 | €29,815,150 | -€911,728 | -3.0% |
| Tangible fixed assets | 22/27 | €30,726,878 | €29,815,150 | -€911,728 | -3.0% |
| Land and buildings | 22 | €30,726,878 | €29,815,150 | -€911,728 | -3.0% |
| Current assets | 29/58 | €1,213,714 | €1,803,537 | +€589,823 | +48.6% |
| Amounts receivable within one year | 40/41 | €278,374 | €615,000 | +€336,626 | +121% |
| Trade receivables | 40 | €7,744 | €615,000 | +€607,256 | +7,842% |
| Other amounts receivable | 41 | €270,630 | - | -€270,630 | |
| Cash at bank and in hand | 54/58 | €82,369 | €462,246 | +€379,877 | +461% |
| Deferred charges and accrued income | 490/1 | €852,971 | €726,291 | -€126,680 | -14.9% |
| Total equity and liabilities | 10/49 | €31,940,592 | €31,618,687 | -€321,904 | -1.0% |
| Equity | 10/15 | €10,271,880 | €13,556,866 | +€3.3m | +32.0% |
| Contributions | 10/11 | €13,832,853 | €17,532,853 | +€3.7m | +26.7% |
| Profit (loss) carried forward | 14 | -€3,560,974 | -€3,975,987 | -€415,014 | -11.7% |
| Amounts payable | 17/49 | €21,668,712 | €18,061,821 | -€3.6m | -16.6% |
| Amounts payable after more than one year | 17 | €21,394,607 | €16,560,000 | -€4.8m | -22.6% |
| Financial debts | 170/4 | €21,394,607 | €16,560,000 | -€4.8m | -22.6% |
| Other loans | 174 | €21,394,607 | - | -€21.4m | |
| Amounts payable within one year | 42/48 | €21,877 | €881,794 | +€859,917 | +3,931% |
| Current portion of amounts payable after more than one year | 42 | - | €440,000 | +€440,000 | |
| Financial debts | 43 | - | €178,576 | +€178,576 | |
| Other loans | 439 | - | €178,576 | +€178,576 | |
| Trade debts | 44 | €13,848 | €254,066 | +€240,218 | +1,735% |
| Suppliers | 440/4 | €13,848 | €254,066 | +€240,218 | +1,735% |
| Taxes, remuneration and social security | 45 | €8,030 | €9,152 | +€1,123 | +14.0% |
| Taxes | 450/3 | €8,030 | €9,152 | +€1,123 | +14.0% |
| Accrued charges and deferred income | 492/3 | €252,227 | €620,027 | +€367,800 | +146% |
| Operating income | 70/76A | €2,293,404 | - | -€2.3m | |
| Turnover | 70 | €1,714,874 | - | -€1.7m | |
| Other operating income | 74 | €578,530 | - | -€578,530 | |
| Operating charges | 60/66A | €1,767,376 | - | -€1.8m | |
| Services and other goods | 61 | €308,699 | - | -€308,699 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €913,291 | €914,266 | +€975 | +0.1% |
| Other operating charges | 640/8 | €545,366 | €565,077 | +€19,711 | +3.6% |
| Non-recurring operating charges | 66A | €20 | €486 | +€466 | +2,331% |
| Gross operating margin | 9900 | - | €1,958,999 | +€2.0m | |
| Operating profit (loss) | 9901 | €526,028 | €479,170 | -€46,858 | -8.9% |
| Financial income | 75/76B | €9,884 | €883 | -€9,001 | -91.1% |
| Recurring financial income | 75 | €9,884 | €883 | -€9,001 | -91.1% |
| Income from current assets | 751 | €9,884 | - | -€9,884 | |
| Financial charges | 65/66B | €1,335,776 | €895,067 | -€440,709 | -33.0% |
| Recurring financial charges | 65 | €1,335,776 | €895,067 | -€440,709 | -33.0% |
| Debt charges | 650 | €1,321,907 | - | -€1.3m | |
| Other financial charges | 652/9 | €13,869 | - | -€13,869 | |
| Profit (loss) for the period before taxes | 9903 | -€799,864 | -€415,014 | +€384,851 | +48.1% |
| Income taxes | 67/77 | €8,030 | - | -€8,030 | |
| Taxes | 670/3 | €8,030 | - | -€8,030 | |
| Profit (loss) for the period | 9904 | -€807,894 | -€415,014 | +€392,880 | +48.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€807,894 | -€415,014 | +€392,880 | +48.6% |
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 19 October 2026 via checked.be.