SQUARE MELON: 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 MELON
Largest movements
- Cash +€188,982
up €188,982 (+59.0%), from €320,287 to €509,269
mainly Trade debts (+€319,647) and Debts after one year (+€93,609)
- Tangible fixed assets +€116,605
up €116,605 (+75.1%), from €155,243 to €271,848
of which Plant, machinery and equipment: +€116,052
- Receivables within one year +€35,794
up €35,794 (+4.9%), from €734,245 to €770,039
of which Trade receivables: +€68,292
- Stocks and contracts +€31,421
up €31,421 (+96.4%), from €32,585 to €64,006
- Deferred charges and accrued income -€25,255
down €25,255 (-53.2%), from €47,481 to €22,226
- Trade debts +€319,647
up €319,647 (+92.1%), from €347,067 to €666,713
- Tax, wage and social debts -€108,196
down €108,196 (-64.9%), from €166,750 to €58,554
of which Remuneration and social security: -€85,950
- Debts after one year +€93,609
up €93,609 (+131%), from €71,453 to €165,061
- Reserves +€32,590
up €32,590 (+6.4%), from €509,161 to €541,751
of which Tax-exempt reserves: +€98,171
- Profit (loss) carried forward -€22,329
no longer reported in 2025 (was €22,329)
- Gross operating margin +€89,903
up €89,903 (+8.2%), from €1.1m to €1.2m
- Staff costs +€53,643
up €53,643 (+5.6%), from €956,241 to €1.0m
- Other operating charges +€22,664
up €22,664 (+142%), from €15,995 to €38,660
- Depreciation +€18,221
up €18,221 (+31.9%), from €57,170 to €75,391
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 | €1,330,004 | €1,662,551 | +€332,547 | +25.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €195,406 | €297,011 | +€101,605 | +52.0% |
| Intangible fixed assets | 21 | €33,750 | €18,750 | -€15,000 | -44.4% |
| Tangible fixed assets | 22/27 | €155,243 | €271,848 | +€116,605 | +75.1% |
| Plant, machinery and equipment | 23 | €12,318 | €128,370 | +€116,052 | +942% |
| Furniture and vehicles | 24 | €115,186 | €119,365 | +€4,179 | +3.6% |
| Other tangible fixed assets | 26 | €27,739 | €24,113 | -€3,626 | -13.1% |
| Financial fixed assets | 28 | €6,413 | €6,413 | = | 0.0% |
| Current assets | 29/58 | €1,134,598 | €1,365,540 | +€230,942 | +20.4% |
| Stocks and contracts in progress | 3 | €32,585 | €64,006 | +€31,421 | +96.4% |
| Stocks | 30/36 | €32,585 | €64,006 | +€31,421 | +96.4% |
| Amounts receivable within one year | 40/41 | €734,245 | €770,039 | +€35,794 | +4.9% |
| Trade receivables | 40 | €638,006 | €706,298 | +€68,292 | +10.7% |
| Other amounts receivable | 41 | €96,239 | €63,741 | -€32,498 | -33.8% |
| Cash at bank and in hand | 54/58 | €320,287 | €509,269 | +€188,982 | +59.0% |
| Deferred charges and accrued income | 490/1 | €47,481 | €22,226 | -€25,255 | -53.2% |
| Total equity and liabilities | 10/49 | €1,330,004 | €1,662,551 | +€332,547 | +25.0% |
| Equity | 10/15 | €600,090 | €610,351 | +€10,261 | +1.7% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €509,161 | €541,751 | +€32,590 | +6.4% |
| Non-distributable reserves | 130/1 | €6,860 | €6,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,860 | €6,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €81,212 | €179,383 | +€98,171 | +121% |
| Distributable reserves | 133 | €421,089 | €355,509 | -€65,580 | -15.6% |
| Profit (loss) carried forward | 14 | €22,329 | - | -€22,329 | |
| Amounts payable | 17/49 | €729,914 | €1,052,200 | +€322,286 | +44.2% |
| Amounts payable after more than one year | 17 | €71,453 | €165,061 | +€93,609 | +131% |
| Financial debts | 170/4 | €71,453 | €165,061 | +€93,609 | +131% |
| Amounts payable within one year | 42/48 | €648,195 | €876,865 | +€228,670 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €32,418 | €48,509 | +€16,091 | +49.6% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €347,067 | €666,713 | +€319,647 | +92.1% |
| Suppliers | 440/4 | €347,067 | €666,713 | +€319,647 | +92.1% |
| Taxes, remuneration and social security | 45 | €166,750 | €58,554 | -€108,196 | -64.9% |
| Taxes | 450/3 | €23,144 | €898 | -€22,246 | -96.1% |
| Remuneration and social security | 454/9 | €143,606 | €57,656 | -€85,950 | -59.9% |
| Other amounts payable | 47/48 | €1,960 | €3,089 | +€1,129 | +57.6% |
| Accrued charges and deferred income | 492/3 | €10,267 | €10,273 | +€7 | +0.1% |
| Remuneration, social security and pensions | 62 | €956,241 | €1,009,884 | +€53,643 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,170 | €75,391 | +€18,221 | +31.9% |
| Other operating charges | 640/8 | €15,995 | €38,660 | +€22,664 | +142% |
| Gross operating margin | 9900 | €1,097,862 | €1,187,765 | +€89,903 | +8.2% |
| Operating profit (loss) | 9901 | €68,457 | €63,831 | -€4,626 | -6.8% |
| Financial income | 75/76B | €2,039 | €7,529 | +€5,491 | +269% |
| Recurring financial income | 75 | €2,039 | €7,529 | +€5,491 | +269% |
| Financial charges | 65/66B | €13,837 | €17,186 | +€3,348 | +24.2% |
| Recurring financial charges | 65 | €13,837 | €17,186 | +€3,348 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €56,658 | €54,175 | -€2,483 | -4.4% |
| Income taxes | 67/77 | €21,421 | €28,438 | +€7,017 | +32.8% |
| Profit (loss) for the period | 9904 | €35,237 | €25,736 | -€9,501 | -27.0% |
| Transfer to tax-exempt reserves | 689 | €18,637 | - | -€18,637 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,600 | €25,736 | +€9,137 | +55.0% |
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 16 October 2026 via checked.be.