Square for you: 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 for you
Largest movements
- Receivables within one year -€30,558
down €30,558 (-95.2%), from €32,089 to €1,531
of which Trade receivables: -€30,641
- Cash +€9,731
up €9,731 (+354%), from €2,752 to €12,484
mainly Receivables within one year (+€30,558) and Depreciation (+€2,855)
- Tangible fixed assets +€4,144
up €4,144 (+341%), from €1,216 to €5,360
- Debts after one year -€17,382
down €17,382 (-35.7%), from €48,734 to €31,351
- Trade debts +€1,552
new in 2025: €1,552
- Profit (loss) carried forward -€970
down €970 (-5.1%), from -€19,147 to -€20,117
- Staff costs -€30,000
no longer reported in 2025 (was €30,000)
- Taxes -€8,728
new in 2025: -€8,728
- Depreciation +€1,254
up €1,254 (+78.3%), from €1,602 to €2,855
- Gross operating margin +€1,196
up €1,196 (+17.9%), from -€6,690 to -€5,494
- Financial charges -€764
down €764 (-49.0%), from €1,560 to €796
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 | €37,087 | €20,286 | -€16,801 | -45.3% |
| Fixed assets | 21/28 | €1,216 | €5,360 | +€4,144 | +341% |
| Tangible fixed assets | 22/27 | €1,216 | €5,360 | +€4,144 | +341% |
| Furniture and vehicles | 24 | €1,216 | €5,360 | +€4,144 | +341% |
| Current assets | 29/58 | €35,871 | €14,927 | -€20,944 | -58.4% |
| Amounts receivable within one year | 40/41 | €32,089 | €1,531 | -€30,558 | -95.2% |
| Trade receivables | 40 | €32,009 | €1,368 | -€30,641 | -95.7% |
| Other amounts receivable | 41 | €80 | €163 | +€83 | +104% |
| Current investments | 50/53 | €1,030 | €912 | -€118 | -11.4% |
| Cash at bank and in hand | 54/58 | €2,752 | €12,484 | +€9,731 | +354% |
| Total equity and liabilities | 10/49 | €37,087 | €20,286 | -€16,801 | -45.3% |
| Equity | 10/15 | -€11,647 | -€12,617 | -€970 | -8.3% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Capital | 10 | €7,500 | €7,500 | = | 0.0% |
| Issued capital | 100 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,147 | -€20,117 | -€970 | -5.1% |
| Amounts payable | 17/49 | €48,734 | €32,904 | -€15,830 | -32.5% |
| Amounts payable after more than one year | 17 | €48,734 | €31,351 | -€17,382 | -35.7% |
| Other amounts payable | 178/9 | €48,734 | €31,351 | -€17,382 | -35.7% |
| Amounts payable within one year | 42/48 | - | €1,552 | +€1,552 | |
| Trade debts | 44 | - | €1,552 | +€1,552 | |
| Suppliers | 440/4 | - | €1,552 | +€1,552 | |
| Remuneration, social security and pensions | 62 | €30,000 | - | -€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,602 | €2,855 | +€1,254 | +78.3% |
| Other operating charges | 640/8 | €733 | €553 | -€180 | -24.6% |
| Gross operating margin | 9900 | -€6,690 | -€5,494 | +€1,196 | +17.9% |
| Operating profit (loss) | 9901 | -€39,025 | -€8,903 | +€30,122 | +77.2% |
| Financial charges | 65/66B | €1,560 | €796 | -€764 | -49.0% |
| Recurring financial charges | 65 | €1,560 | €796 | -€764 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | -€40,585 | -€9,699 | +€30,886 | +76.1% |
| Income taxes | 67/77 | - | -€8,728 | -€8,728 | |
| Profit (loss) for the period | 9904 | -€40,585 | -€970 | +€39,615 | +97.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,585 | -€970 | +€39,615 | +97.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.