SQUARE51: 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.
SQUARE51
Largest movements
- Cash +€93,947
up €93,947 (+145%), from €64,982 to €158,929
mainly Receivables within one year (+€55,117) and Net result for the year (+€44,383)
- Receivables within one year -€55,117
down €55,117 (-96.6%), from €57,039 to €1,922
of which Trade receivables: -€56,252
- Tangible fixed assets -€8,188
down €8,188 (-3.3%), from €251,836 to €243,648
of which Land and buildings: -€7,137
- Deferred charges and accrued income -€5,496
down €5,496 (-85.3%), from €6,440 to €944
- Tax, wage and social debts -€79,392
down €79,392 (-97.2%), from €81,656 to €2,264
of which Remuneration and social security: -€68,228
- Reserves +€44,383
up €44,383 (+97.0%), from €45,772 to €90,156
- Other debts +€39,354
up €39,354 (+16.9%), from €232,992 to €272,346
- Accrued charges and deferred income +€19,181
new in 2024: €19,181
- Gross operating margin -€6,054
down €6,054 (-8.1%), from €74,741 to €68,687
- Depreciation -€930
down €930 (-10.2%), from €9,118 to €8,188
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €380,568 | €405,715 | +€25,146 | +6.6% |
| Fixed assets | 21/28 | €252,108 | €243,920 | -€8,188 | -3.2% |
| Tangible fixed assets | 22/27 | €251,836 | €243,648 | -€8,188 | -3.3% |
| Land and buildings | 22 | €249,504 | €242,367 | -€7,137 | -2.9% |
| Furniture and vehicles | 24 | €1,751 | €1,281 | -€470 | -26.8% |
| Other tangible fixed assets | 26 | €581 | - | -€581 | |
| Financial fixed assets | 28 | €272 | €272 | = | 0.0% |
| Current assets | 29/58 | €128,460 | €161,794 | +€33,334 | +25.9% |
| Amounts receivable within one year | 40/41 | €57,039 | €1,922 | -€55,117 | -96.6% |
| Trade receivables | 40 | €56,252 | - | -€56,252 | |
| Other amounts receivable | 41 | €786 | €1,922 | +€1,135 | +144% |
| Cash at bank and in hand | 54/58 | €64,982 | €158,929 | +€93,947 | +145% |
| Deferred charges and accrued income | 490/1 | €6,440 | €944 | -€5,496 | -85.3% |
| Total equity and liabilities | 10/49 | €380,568 | €405,715 | +€25,146 | +6.6% |
| Equity | 10/15 | €64,372 | €108,756 | +€44,383 | +68.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,772 | €90,156 | +€44,383 | +97.0% |
| Distributable reserves | 133 | €45,772 | €90,156 | +€44,383 | +97.0% |
| Amounts payable | 17/49 | €316,196 | €296,959 | -€19,237 | -6.1% |
| Amounts payable within one year | 42/48 | €316,196 | €277,778 | -€38,418 | -12.2% |
| Trade debts | 44 | €1,548 | €3,168 | +€1,620 | +105% |
| Suppliers | 440/4 | €1,548 | €3,168 | +€1,620 | +105% |
| Taxes, remuneration and social security | 45 | €81,656 | €2,264 | -€79,392 | -97.2% |
| Taxes | 450/3 | €13,428 | €2,264 | -€11,164 | -83.1% |
| Remuneration and social security | 454/9 | €68,228 | - | -€68,228 | |
| Other amounts payable | 47/48 | €232,992 | €272,346 | +€39,354 | +16.9% |
| Accrued charges and deferred income | 492/3 | - | €19,181 | +€19,181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,118 | €8,188 | -€930 | -10.2% |
| Other operating charges | 640/8 | €1,154 | €1,206 | +€52 | +4.5% |
| Gross operating margin | 9900 | €74,741 | €68,687 | -€6,054 | -8.1% |
| Operating profit (loss) | 9901 | €64,469 | €59,294 | -€5,175 | -8.0% |
| Financial income | 75/76B | €0 | €55 | +€55 | +68,175% |
| Recurring financial income | 75 | €0 | €55 | +€55 | +68,175% |
| Financial charges | 65/66B | €2,249 | €2,784 | +€534 | +23.8% |
| Recurring financial charges | 65 | €2,249 | €2,784 | +€534 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €62,220 | €56,565 | -€5,655 | -9.1% |
| Income taxes | 67/77 | €12,214 | €12,181 | -€32 | -0.3% |
| Profit (loss) for the period | 9904 | €50,006 | €44,383 | -€5,623 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,006 | €44,383 | -€5,623 | -11.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.