SQUARE MILE: 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.
What changed
SQUARE MILE
NACE 55.204, Guest rooms (bed and breakfast)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€8,151
2024 · -€17,428+€9,277
Equity
€239,937
2024 · €248,088-€8,151
Cash
€11,405
2024 · €14,718-€3,313
Balance sheet total
€1.8m
2024 · €1.8m-€27,639
Largest movements
Assets
- Tangible fixed assets -€18,558
down €18,558 (-1.2%), from €1.5m to €1.5m
of which Land and buildings: -€34,293
Equity and liabilities
- Debts after one year -€34,607
down €34,607 (-2.5%), from €1.4m to €1.3m
of which Financial debts: -€31,607
Income statement
- Financial charges -€30,935
down €30,935 (-76.5%), from €40,450 to €9,516
- Gross operating margin -€20,283
down €20,283 (-30.4%), from €66,623 to €46,340
- Depreciation +€1,134
up €1,134 (+2.7%), from €41,390 to €42,525
- Other operating charges +€703
up €703 (+13.2%), from €5,330 to €6,032
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.
Result 2024
-€17,428
Gross operating margin
-€20,283
Depreciation
-€1,134
Other operating charges
-€703
Financial income
+€14
Financial charges
+€30,935
Taxes
+€448
Result 2025
-€8,151
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.
From operations
+€48,325
Investment
-€17,566
Financing
-€34,072
Cash 2024
€14,718
From operations (derived)
+€48,325
Net result for the year
-€8,151
Depreciation
+€42,525
Receivables within one year
-€633
Provisions
-€3,201
Trade debts
+€6,493
Tax, wage and social debts
+€10,185
Other debts
+€50
Accrued charges and deferred income
+€1,059
Investment (derived)
-€17,566
Investment in fixed assets (net)
-€17,566
Financing
-€34,072
Debts after one year
-€34,607
Current portion of long-term debt
+€535
Cash 2025
€11,405
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,790,879 | €1,763,241 | -€27,639 | -1.5% |
| Fixed assets | 21/28 | €1,774,623 | €1,749,665 | -€24,959 | -1.4% |
| Intangible fixed assets | 21 | €168,022 | €161,621 | -€6,401 | -3.8% |
| Tangible fixed assets | 22/27 | €1,529,766 | €1,511,209 | -€18,558 | -1.2% |
| Land and buildings | 22 | €1,517,819 | €1,483,526 | -€34,293 | -2.3% |
| Furniture and vehicles | 24 | €11,947 | €27,682 | +€15,735 | +131.7% |
| Financial fixed assets | 28 | €76,835 | €76,835 | = | 0.0% |
| Current assets | 29/58 | €16,256 | €13,576 | -€2,680 | -16.5% |
| Amounts receivable within one year | 40/41 | €857 | €1,490 | +€633 | +73.9% |
| Trade receivables | 40 | €343 | €1,490 | +€1,147 | +334.6% |
| Other amounts receivable | 41 | €514 | - | -€514 | |
| Cash at bank and in hand | 54/58 | €14,718 | €11,405 | -€3,313 | -22.5% |
| Deferred charges and accrued income | 490/1 | €682 | €682 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,790,879 | €1,763,241 | -€27,639 | -1.5% |
| Equity | 10/15 | €248,088 | €239,937 | -€8,151 | -3.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €225,207 | €218,990 | -€6,217 | -2.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €163,207 | €156,990 | -€6,217 | -3.8% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,881 | €947 | -€1,934 | -67.1% |
| Provisions and deferred taxes | 16 | €84,039 | €80,838 | -€3,201 | -3.8% |
| Deferred taxes | 168 | €84,039 | €80,838 | -€3,201 | -3.8% |
| Amounts payable | 17/49 | €1,458,752 | €1,442,466 | -€16,286 | -1.1% |
| Amounts payable after more than one year | 17 | €1,359,661 | €1,325,053 | -€34,607 | -2.5% |
| Financial debts | 170/4 | €334,161 | €302,553 | -€31,607 | -9.5% |
| Other amounts payable | 178/9 | €1,025,500 | €1,022,500 | -€3,000 | -0.3% |
| Amounts payable within one year | 42/48 | €95,782 | €113,044 | +€17,263 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €30,909 | €31,445 | +€535 | +1.7% |
| Trade debts | 44 | €3,234 | €9,727 | +€6,493 | +200.8% |
| Suppliers | 440/4 | €3,234 | €9,727 | +€6,493 | +200.8% |
| Taxes, remuneration and social security | 45 | €6,531 | €16,716 | +€10,185 | +156.0% |
| Taxes | 450/3 | €594 | €1,471 | +€877 | +147.7% |
| Remuneration and social security | 454/9 | €5,937 | €15,245 | +€9,308 | +156.8% |
| Other amounts payable | 47/48 | €55,108 | €55,157 | +€50 | +0.1% |
| Accrued charges and deferred income | 492/3 | €3,309 | €4,368 | +€1,059 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,390 | €42,525 | +€1,134 | +2.7% |
| Other operating charges | 640/8 | €5,330 | €6,032 | +€703 | +13.2% |
| Gross operating margin | 9900 | €66,623 | €46,340 | -€20,283 | -30.4% |
| Operating profit (loss) | 9901 | €19,903 | -€2,217 | -€22,120 | |
| Financial income | 75/76B | €53 | €67 | +€14 | +26.5% |
| Recurring financial income | 75 | €53 | €67 | +€14 | +26.5% |
| Financial charges | 65/66B | €40,450 | €9,516 | -€30,935 | -76.5% |
| Recurring financial charges | 65 | €40,450 | €9,516 | -€30,935 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,494 | -€11,665 | +€8,829 | +43.1% |
| Transfer from deferred taxes | 780 | €3,201 | €3,201 | = | 0.0% |
| Income taxes | 67/77 | €136 | -€313 | -€448 | |
| Profit (loss) for the period | 9904 | -€17,428 | -€8,151 | +€9,277 | +53.2% |
| Transfer from tax-exempt reserves | 789 | €6,217 | €6,217 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,211 | -€1,934 | +€9,277 | +82.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.