SQUARE TECH: 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 TECH
Largest movements
- Receivables within one year +€105,980
up €105,980 (+540%), from €19,626 to €125,607
of which Other amounts receivable: +€99,235
- Cash +€76,598
up €76,598 (+100%), from €76,304 to €152,902
mainly Net result for the year (+€103,108) and Investment in fixed assets (net) (+€64,638)
- Financial fixed assets -€71,672
down €71,672 (-100%), from €71,672 to €0
- Tangible fixed assets +€3,878
up €3,878 (+18.3%), from €21,196 to €25,073
of which Other tangible fixed assets: +€4,215
- Profit (loss) carried forward +€103,108
up €103,108 (+68.7%), from €150,135 to €253,244
- Tax, wage and social debts +€10,488
up €10,488 (+35.4%), from €29,650 to €40,138
- Trade debts +€6,200
up €6,200, from €0 to €6,200
- Other debts -€5,013
down €5,013 (-100%), from €5,013 to €0
- Gross operating margin +€18,554
up €18,554 (+16.5%), from €112,187 to €130,741
- Taxes +€4,571
up €4,571 (+19.0%), from €24,115 to €28,686
- Financial income +€2,121
up €2,121 (+97.7%), from €2,172 to €4,293
- Depreciation +€2,069
up €2,069 (+190%), from €1,087 to €3,156
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 | €188,798 | €303,582 | +€114,784 | +60.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €92,868 | €25,073 | -€67,794 | -73.0% |
| Tangible fixed assets | 22/27 | €21,196 | €25,073 | +€3,878 | +18.3% |
| Furniture and vehicles | 24 | €897 | €559 | -€337 | -37.6% |
| Other tangible fixed assets | 26 | €20,299 | €24,514 | +€4,215 | +20.8% |
| Financial fixed assets | 28 | €71,672 | €0 | -€71,672 | -100% |
| Current assets | 29/58 | €95,930 | €278,509 | +€182,578 | +190% |
| Amounts receivable within one year | 40/41 | €19,626 | €125,607 | +€105,980 | +540% |
| Trade receivables | 40 | €19,511 | €26,257 | +€6,746 | +34.6% |
| Other amounts receivable | 41 | €115 | €99,350 | +€99,235 | +86,149% |
| Cash at bank and in hand | 54/58 | €76,304 | €152,902 | +€76,598 | +100% |
| Total equity and liabilities | 10/49 | €188,798 | €303,582 | +€114,784 | +60.8% |
| Equity | 10/15 | €154,135 | €257,244 | +€103,108 | +66.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,135 | €253,244 | +€103,108 | +68.7% |
| Amounts payable | 17/49 | €34,663 | €46,338 | +€11,676 | +33.7% |
| Amounts payable within one year | 42/48 | €34,663 | €46,338 | +€11,676 | +33.7% |
| Trade debts | 44 | €0 | €6,200 | +€6,200 | |
| Suppliers | 440/4 | €0 | €6,200 | +€6,200 | |
| Taxes, remuneration and social security | 45 | €29,650 | €40,138 | +€10,488 | +35.4% |
| Taxes | 450/3 | €29,650 | €40,138 | +€10,488 | +35.4% |
| Other amounts payable | 47/48 | €5,013 | €0 | -€5,013 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,087 | €3,156 | +€2,069 | +190% |
| Gross operating margin | 9900 | €112,187 | €130,741 | +€18,554 | +16.5% |
| Operating profit (loss) | 9901 | €111,100 | €127,585 | +€16,485 | +14.8% |
| Financial income | 75/76B | €2,172 | €4,293 | +€2,121 | +97.7% |
| Recurring financial income | 75 | €2,172 | €4,293 | +€2,121 | +97.7% |
| Financial charges | 65/66B | €27 | €83 | +€56 | +209% |
| Recurring financial charges | 65 | €27 | €83 | +€56 | +209% |
| Profit (loss) for the period before taxes | 9903 | €113,245 | €131,795 | +€18,550 | +16.4% |
| Income taxes | 67/77 | €24,115 | €28,686 | +€4,571 | +19.0% |
| Profit (loss) for the period | 9904 | €89,130 | €103,108 | +€13,978 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €89,130 | €103,108 | +€13,978 | +15.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.