Square Mile Advisory: 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 Mile Advisory
Largest movements
- Tangible fixed assets +€68,636
up €68,636 (+80.4%), from €85,378 to €154,013
of which Furniture and vehicles: +€64,990
- Receivables within one year +€36,595
up €36,595 (+19.7%), from €185,916 to €222,510
of which Trade receivables: +€33,839
- Current investments +€26,385
up €26,385 (+110%), from €24,017 to €50,402
- Intangible fixed assets +€7,627
up €7,627 (+94.7%), from €8,054 to €15,681
- Cash +€6,748
up €6,748 (+62.4%), from €10,822 to €17,570
mainly Net result for the year (+€122,631) and Debts after one year (+€80,926)
- Profit (loss) carried forward +€122,631
up €122,631 (+51.5%), from €238,242 to €360,873
- Other debts -€94,361
down €94,361 (-62.0%), from €152,227 to €57,867
- Debts after one year +€80,926
new in 2025: €80,926
- Current portion of long-term debt +€23,234
new in 2025: €23,234
- Tax, wage and social debts +€12,174
up €12,174 (+62.1%), from €19,592 to €31,766
of which Taxes: +€12,108
- Gross operating margin +€20,490
up €20,490 (+11.3%), from €181,804 to €202,294
- Depreciation +€17,827
up €17,827 (+77.9%), from €22,890 to €40,718
- Financial charges +€3,846
up €3,846 (+1,764%), from €218 to €4,064
- Taxes -€2,565
down €2,565 (-6.5%), from €39,172 to €36,607
- Other operating charges -€2,110
down €2,110 (-56.8%), from €3,713 to €1,603
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 | €447,238 | €592,220 | +€144,982 | +32.4% |
| Fixed assets | 21/28 | €93,432 | €169,694 | +€76,262 | +81.6% |
| Intangible fixed assets | 21 | €8,054 | €15,681 | +€7,627 | +94.7% |
| Tangible fixed assets | 22/27 | €85,378 | €154,013 | +€68,636 | +80.4% |
| Furniture and vehicles | 24 | €73,941 | €138,931 | +€64,990 | +87.9% |
| Other tangible fixed assets | 26 | €11,437 | €15,082 | +€3,645 | +31.9% |
| Current assets | 29/58 | €353,806 | €422,526 | +€68,720 | +19.4% |
| Amounts receivable after more than one year | 29 | €130,000 | €130,000 | = | 0.0% |
| Other amounts receivable | 291 | €130,000 | €130,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €185,916 | €222,510 | +€36,595 | +19.7% |
| Trade receivables | 40 | €140,686 | €174,525 | +€33,839 | +24.1% |
| Other amounts receivable | 41 | €45,230 | €47,985 | +€2,755 | +6.1% |
| Current investments | 50/53 | €24,017 | €50,402 | +€26,385 | +110% |
| Cash at bank and in hand | 54/58 | €10,822 | €17,570 | +€6,748 | +62.4% |
| Deferred charges and accrued income | 490/1 | €3,051 | €2,043 | -€1,007 | -33.0% |
| Total equity and liabilities | 10/49 | €447,238 | €592,220 | +€144,982 | +32.4% |
| Equity | 10/15 | €258,702 | €381,333 | +€122,631 | +47.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,242 | €360,873 | +€122,631 | +51.5% |
| Amounts payable | 17/49 | €188,536 | €210,887 | +€22,352 | +11.9% |
| Amounts payable after more than one year | 17 | - | €80,926 | +€80,926 | |
| Financial debts | 170/4 | - | €80,926 | +€80,926 | |
| Amounts payable within one year | 42/48 | €188,520 | €129,869 | -€58,651 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | - | €23,234 | +€23,234 | |
| Trade debts | 44 | €16,700 | €17,001 | +€301 | +1.8% |
| Suppliers | 440/4 | €16,700 | €17,001 | +€301 | +1.8% |
| Taxes, remuneration and social security | 45 | €19,592 | €31,766 | +€12,174 | +62.1% |
| Taxes | 450/3 | €19,292 | €31,400 | +€12,108 | +62.8% |
| Remuneration and social security | 454/9 | €300 | €366 | +€66 | +22.0% |
| Other amounts payable | 47/48 | €152,227 | €57,867 | -€94,361 | -62.0% |
| Accrued charges and deferred income | 492/3 | €16 | €92 | +€76 | +483% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,890 | €40,718 | +€17,827 | +77.9% |
| Other operating charges | 640/8 | €3,713 | €1,603 | -€2,110 | -56.8% |
| Gross operating margin | 9900 | €181,804 | €202,294 | +€20,490 | +11.3% |
| Operating profit (loss) | 9901 | €155,200 | €159,973 | +€4,772 | +3.1% |
| Financial income | 75/76B | €2,624 | €3,330 | +€706 | +26.9% |
| Recurring financial income | 75 | €2,624 | €3,330 | +€706 | +26.9% |
| Financial charges | 65/66B | €218 | €4,064 | +€3,846 | +1,764% |
| Recurring financial charges | 65 | €218 | €4,064 | +€3,846 | +1,764% |
| Profit (loss) for the period before taxes | 9903 | €157,606 | €159,238 | +€1,632 | +1.0% |
| Income taxes | 67/77 | €39,172 | €36,607 | -€2,565 | -6.5% |
| Profit (loss) for the period | 9904 | €118,434 | €122,631 | +€4,196 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €118,434 | €122,631 | +€4,196 | +3.5% |
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 22 October 2026 via checked.be.