SQUARE INSURANCE: 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 INSURANCE
Largest movements
- Intangible fixed assets -€40,000
down €40,000 (-11.5%), from €346,630 to €306,630
- Tangible fixed assets -€25,679
down €25,679 (-4.1%), from €630,947 to €605,267
of which Land and buildings: -€13,680
- Deferred charges and accrued income +€17,710
up €17,710 (+147%), from €12,086 to €29,796
- Debts after one year -€74,079
down €74,079 (-10.5%), from €704,121 to €630,042
- Trade debts -€29,068
down €29,068 (-25.0%), from €116,210 to €87,143
- Other debts +€28,402
up €28,402 (+79.8%), from €35,589 to €63,990
- Reserves +€24,089
up €24,089 (+26.1%), from €92,237 to €116,326
of which Distributable reserves: +€24,089
- Gross operating margin +€12,447
up €12,447 (+8.1%), from €153,095 to €165,541
- Depreciation +€10,152
up €10,152 (+16.8%), from €60,341 to €70,493
- Financial charges +€9,178
up €9,178 (+29.2%), from €31,404 to €40,583
- Taxes +€3,301
up €3,301 (+24.7%), from €13,338 to €16,639
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 | €1,064,197 | €1,028,542 | -€35,655 | -3.4% |
| Fixed assets | 21/28 | €977,577 | €912,142 | -€65,434 | -6.7% |
| Intangible fixed assets | 21 | €346,630 | €306,630 | -€40,000 | -11.5% |
| Tangible fixed assets | 22/27 | €630,947 | €605,267 | -€25,679 | -4.1% |
| Land and buildings | 22 | €592,271 | €578,592 | -€13,680 | -2.3% |
| Furniture and vehicles | 24 | €38,675 | €26,676 | -€12,000 | -31.0% |
| Financial fixed assets | 28 | - | €245 | +€245 | |
| Current assets | 29/58 | €86,621 | €116,400 | +€29,779 | +34.4% |
| Amounts receivable within one year | 40/41 | €74,535 | €79,626 | +€5,092 | +6.8% |
| Trade receivables | 40 | €56,650 | €32,149 | -€24,501 | -43.3% |
| Other amounts receivable | 41 | €17,884 | €47,477 | +€29,593 | +165% |
| Cash at bank and in hand | 54/58 | - | €6,977 | +€6,977 | |
| Deferred charges and accrued income | 490/1 | €12,086 | €29,796 | +€17,710 | +147% |
| Total equity and liabilities | 10/49 | €1,064,197 | €1,028,542 | -€35,655 | -3.4% |
| Equity | 10/15 | €98,437 | €122,526 | +€24,089 | +24.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €92,237 | €116,326 | +€24,089 | +26.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €90,377 | €114,466 | +€24,089 | +26.7% |
| Amounts payable | 17/49 | €965,761 | €906,016 | -€59,744 | -6.2% |
| Amounts payable after more than one year | 17 | €704,121 | €630,042 | -€74,079 | -10.5% |
| Financial debts | 170/4 | €704,121 | €630,042 | -€74,079 | -10.5% |
| Amounts payable within one year | 42/48 | €261,640 | €275,975 | +€14,335 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €87,221 | €94,865 | +€7,644 | +8.8% |
| Financial debts | 43 | €212 | €0 | -€212 | -100% |
| Credit institutions | 430/8 | €212 | €0 | -€212 | -100% |
| Trade debts | 44 | €116,210 | €87,143 | -€29,068 | -25.0% |
| Suppliers | 440/4 | €116,210 | €87,143 | -€29,068 | -25.0% |
| Taxes, remuneration and social security | 45 | €22,407 | €29,977 | +€7,570 | +33.8% |
| Taxes | 450/3 | €22,407 | €29,977 | +€7,570 | +33.8% |
| Other amounts payable | 47/48 | €35,589 | €63,990 | +€28,402 | +79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,341 | €70,493 | +€10,152 | +16.8% |
| Other operating charges | 640/8 | €16,796 | €15,269 | -€1,527 | -9.1% |
| Gross operating margin | 9900 | €153,095 | €165,541 | +€12,447 | +8.1% |
| Operating profit (loss) | 9901 | €75,957 | €79,779 | +€3,822 | +5.0% |
| Financial income | 75/76B | €759 | €1,531 | +€773 | +102% |
| Recurring financial income | 75 | €759 | €1,531 | +€773 | +102% |
| Financial charges | 65/66B | €31,404 | €40,583 | +€9,178 | +29.2% |
| Recurring financial charges | 65 | €31,404 | €40,583 | +€9,178 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €45,312 | €40,728 | -€4,584 | -10.1% |
| Income taxes | 67/77 | €13,338 | €16,639 | +€3,301 | +24.7% |
| Profit (loss) for the period | 9904 | €31,974 | €24,089 | -€7,885 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,974 | €24,089 | -€7,885 | -24.7% |
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 27 October 2026 via checked.be.