SQUARE ONE: 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 ONE
Largest movements
- Cash -€1,953
down €1,953 (-5.3%), from €36,598 to €34,645
mainly Net result for the year (-€4,027) and Receivables within one year (-€195)
- Profit (loss) carried forward -€4,027
down €4,027 (-12.2%), from -€33,039 to -€37,066
- Trade debts +€2,270
new in 2025: €2,270
- Gross operating margin +€14,874
up €14,874 (+81.1%), from -€18,344 to -€3,470
- Other operating charges -€562
down €562 (-52.2%), from €1,075 to €513
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 | €37,756 | €35,998 | -€1,758 | -4.7% |
| Formation expenses | 20 | - | €0 | = | |
| Current assets | 29/58 | €37,756 | €35,998 | -€1,758 | -4.7% |
| Amounts receivable within one year | 40/41 | €1,158 | €1,353 | +€195 | +16.8% |
| Trade receivables | 40 | €1,065 | €1,065 | -€0 | 0.0% |
| Other amounts receivable | 41 | €93 | €288 | +€195 | +210% |
| Cash at bank and in hand | 54/58 | €36,598 | €34,645 | -€1,953 | -5.3% |
| Total equity and liabilities | 10/49 | €37,756 | €35,998 | -€1,758 | -4.7% |
| Equity | 10/15 | €37,361 | €33,334 | -€4,027 | -10.8% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €6,400 | €6,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,039 | -€37,066 | -€4,027 | -12.2% |
| Amounts payable | 17/49 | €395 | €2,664 | +€2,269 | +574% |
| Amounts payable within one year | 42/48 | €394 | €2,664 | +€2,270 | +576% |
| Trade debts | 44 | - | €2,270 | +€2,270 | |
| Suppliers | 440/4 | - | €2,270 | +€2,270 | |
| Other amounts payable | 47/48 | €394 | €394 | +€0 | +0.1% |
| Accrued charges and deferred income | 492/3 | €1 | - | -€1 | |
| Other operating charges | 640/8 | €1,075 | €513 | -€562 | -52.2% |
| Gross operating margin | 9900 | -€18,344 | -€3,470 | +€14,874 | +81.1% |
| Operating profit (loss) | 9901 | -€19,419 | -€3,983 | +€15,436 | +79.5% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €18 | €44 | +€26 | +142% |
| Recurring financial charges | 65 | €18 | €44 | +€26 | +142% |
| Profit (loss) for the period before taxes | 9903 | -€19,434 | -€4,027 | +€15,407 | +79.3% |
| Profit (loss) for the period | 9904 | -€19,434 | -€4,027 | +€15,407 | +79.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,434 | -€4,027 | +€15,407 | +79.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.