SQUARE L SA: what changed
Two fiscal 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 L SA
Largest movements
- Current investments +€451,460
up €451,460 (+460.5%), from €98,033 to €549,493
- Cash -€349,005
down €349,005 (-84.3%), from €414,070 to €65,064
mainly Current investments (-€451,460) and Tax, wage and social debts (-€11,362)
- Tangible fixed assets -€35,146
down €35,146 (-75.8%), from €46,366 to €11,219
of which Land and buildings: -€34,302
- Receivables within one year -€17,976
down €17,976 (-43.0%), from €41,789 to €23,813
of which Trade receivables: -€17,532
- Reserves +€60,769
up €60,769 (+25.3%), from €239,887 to €300,656
of which Distributable reserves: +€60,769
- Tax, wage and social debts -€11,362
down €11,362 (-55.3%), from €20,538 to €9,177
- Gross operating margin +€27,593
up €27,593 (+27.6%), from €99,900 to €127,493
- Taxes +€8,543
up €8,543 (+42.6%), from €20,032 to €28,575
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.
Cash bridge derived
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 | €600,642 | €650,231 | +€49,589 | +8.3% |
| Fixed assets | 21/28 | €46,366 | €11,219 | -€35,146 | -75.8% |
| Tangible fixed assets | 22/27 | €46,366 | €11,219 | -€35,146 | -75.8% |
| Land and buildings | 22 | €45,358 | €11,056 | -€34,302 | -75.6% |
| Furniture and vehicles | 24 | €1,007 | €163 | -€844 | -83.8% |
| Current assets | 29/58 | €554,276 | €639,011 | +€84,735 | +15.3% |
| Amounts receivable within one year | 40/41 | €41,789 | €23,813 | -€17,976 | -43.0% |
| Trade receivables | 40 | €40,707 | €23,175 | -€17,532 | -43.1% |
| Other amounts receivable | 41 | €1,082 | €638 | -€444 | -41.0% |
| Current investments | 50/53 | €98,033 | €549,493 | +€451,460 | +460.5% |
| Cash at bank and in hand | 54/58 | €414,070 | €65,064 | -€349,005 | -84.3% |
| Deferred charges and accrued income | 490/1 | €385 | €641 | +€256 | +66.4% |
| Total equity and liabilities | 10/49 | €600,642 | €650,231 | +€49,589 | +8.3% |
| Equity | 10/15 | €580,104 | €640,873 | +€60,769 | +10.5% |
| Contributions | 10/11 | €340,217 | €340,217 | = | 0.0% |
| Capital | 10 | €340,217 | €340,217 | = | 0.0% |
| Issued capital | 100 | €340,217 | €340,217 | = | 0.0% |
| Reserves | 13 | €239,887 | €300,656 | +€60,769 | +25.3% |
| Non-distributable reserves | 130/1 | €34,022 | €34,022 | = | 0.0% |
| Legal reserve | 130 | €34,022 | €34,022 | = | 0.0% |
| Distributable reserves | 133 | €205,865 | €266,634 | +€60,769 | +29.5% |
| Amounts payable | 17/49 | €20,538 | €9,358 | -€11,180 | -54.4% |
| Amounts payable within one year | 42/48 | €20,538 | €9,358 | -€11,180 | -54.4% |
| Trade debts | 44 | - | €181 | +€181 | |
| Suppliers | 440/4 | - | €181 | +€181 | |
| Taxes, remuneration and social security | 45 | €20,538 | €9,177 | -€11,362 | -55.3% |
| Taxes | 450/3 | €20,538 | €9,177 | -€11,362 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,150 | €35,146 | -€3 | 0.0% |
| Other operating charges | 640/8 | €6,501 | €6,705 | +€204 | +3.1% |
| Gross operating margin | 9900 | €99,900 | €127,493 | +€27,593 | +27.6% |
| Operating profit (loss) | 9901 | €58,249 | €85,642 | +€27,392 | +47.0% |
| Financial income | 75/76B | €4,501 | €3,967 | -€534 | -11.9% |
| Recurring financial income | 75 | €4,501 | €3,967 | -€534 | -11.9% |
| Financial charges | 65/66B | €180 | €265 | +€85 | +47.2% |
| Recurring financial charges | 65 | €180 | €265 | +€85 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | €62,571 | €89,344 | +€26,773 | +42.8% |
| Income taxes | 67/77 | €20,032 | €28,575 | +€8,543 | +42.6% |
| Profit (loss) for the period | 9904 | €42,538 | €60,769 | +€18,231 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,538 | €60,769 | +€18,231 | +42.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.