SQUARE2: 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.
SQUARE2
Largest movements
- Stocks and contracts +€18,631
up €18,631 (+3.5%), from €527,572 to €546,202
- Other debts +€22,759
up €22,759 (+27.4%), from €83,049 to €105,808
- Financial charges +€553
up €553 (+104.4%), from €530 to €1,083
- Other operating charges +€398
up €398 (+346.4%), from €115 to €513
- Gross operating margin -€388
down €388 (-16.8%), from -€2,313 to -€2,701
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €528,848 | €546,922 | +€18,074 | +3.4% |
| Current assets | 29/58 | €528,848 | €546,922 | +€18,074 | +3.4% |
| Stocks and contracts in progress | 3 | €527,572 | €546,202 | +€18,631 | +3.5% |
| Stocks | 30/36 | €527,572 | €546,202 | +€18,631 | +3.5% |
| Amounts receivable within one year | 40/41 | €905 | - | -€905 | |
| Other amounts receivable | 41 | €905 | - | -€905 | |
| Cash at bank and in hand | 54/58 | €5 | €337 | +€332 | +6437.3% |
| Deferred charges and accrued income | 490/1 | €367 | €383 | +€17 | +4.6% |
| Total equity and liabilities | 10/49 | €528,848 | €546,922 | +€18,074 | +3.4% |
| Equity | 10/15 | €18,662 | €14,364 | -€4,297 | -23.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,338 | -€15,636 | -€4,297 | -37.9% |
| Amounts payable | 17/49 | €510,187 | €532,558 | +€22,371 | +4.4% |
| Amounts payable after more than one year | 17 | €426,750 | €426,750 | = | 0.0% |
| Financial debts | 170/4 | €426,750 | €426,750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €83,437 | €105,808 | +€22,371 | +26.8% |
| Trade debts | 44 | €388 | - | -€388 | |
| Suppliers | 440/4 | €388 | - | -€388 | |
| Other amounts payable | 47/48 | €83,049 | €105,808 | +€22,759 | +27.4% |
| Other operating charges | 640/8 | €115 | €513 | +€398 | +346.4% |
| Gross operating margin | 9900 | -€2,313 | -€2,701 | -€388 | -16.8% |
| Operating profit (loss) | 9901 | -€2,428 | -€3,214 | -€786 | -32.4% |
| Financial charges | 65/66B | €530 | €1,083 | +€553 | +104.4% |
| Recurring financial charges | 65 | €530 | €1,083 | +€553 | +104.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,958 | -€4,297 | -€1,339 | -45.3% |
| Profit (loss) for the period | 9904 | -€2,958 | -€4,297 | -€1,339 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,958 | -€4,297 | -€1,339 | -45.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.