SQUAREHOUSE: 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.
SQUAREHOUSE
Largest movements
- Tangible fixed assets -€526,524
down €526,524 (-49.8%), from €1.1m to €530,181
- Cash +€64,774
up €64,774 (+1185.6%), from €5,463 to €70,237
mainly Investment in fixed assets (net) (+€510,807) and Net result for the year (+€45,265)
- Debts after one year -€323,944
down €323,944 (-75.3%), from €430,260 to €106,316
- Other debts -€148,570
down €148,570 (-50.4%), from €294,928 to €146,358
- Reserves +€45,265
up €45,265 (+19.6%), from €230,999 to €276,264
- Current portion of long-term debt -€43,890
down €43,890 (-51.1%), from €85,832 to €41,942
- Gross operating margin +€55,992
up €55,992 (+107.7%), from €51,985 to €107,977
- Depreciation -€21,270
down €21,270 (-57.5%), from €36,987 to €15,717
- Taxes +€15,166
new in 2025: €15,166
- Financial charges -€4,323
down €4,323 (-15.7%), from €27,613 to €23,289
- Other operating charges +€2,940
up €2,940 (+54.9%), from €5,356 to €8,296
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 | €1,067,019 | €601,508 | -€465,512 | -43.6% |
| Fixed assets | 21/28 | €1,056,704 | €530,181 | -€526,524 | -49.8% |
| Tangible fixed assets | 22/27 | €1,056,704 | €530,181 | -€526,524 | -49.8% |
| Land and buildings | 22 | €1,056,704 | €530,181 | -€526,524 | -49.8% |
| Current assets | 29/58 | €10,315 | €71,327 | +€61,012 | +591.5% |
| Amounts receivable within one year | 40/41 | €2,035 | - | -€2,035 | |
| Trade receivables | 40 | €1,924 | - | -€1,924 | |
| Other amounts receivable | 41 | €111 | - | -€111 | |
| Cash at bank and in hand | 54/58 | €5,463 | €70,237 | +€64,774 | +1185.6% |
| Deferred charges and accrued income | 490/1 | €2,816 | €1,090 | -€1,727 | -61.3% |
| Total equity and liabilities | 10/49 | €1,067,019 | €601,508 | -€465,512 | -43.6% |
| Equity | 10/15 | €255,999 | €301,264 | +€45,265 | +17.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €230,999 | €276,264 | +€45,265 | +19.6% |
| Distributable reserves | 133 | €230,999 | €276,264 | +€45,265 | +19.6% |
| Amounts payable | 17/49 | €811,020 | €300,243 | -€510,777 | -63.0% |
| Amounts payable after more than one year | 17 | €430,260 | €106,316 | -€323,944 | -75.3% |
| Financial debts | 170/4 | €430,260 | €106,316 | -€323,944 | -75.3% |
| Amounts payable within one year | 42/48 | €380,760 | €193,927 | -€186,833 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | €85,832 | €41,942 | -€43,890 | -51.1% |
| Trade debts | 44 | - | €461 | +€461 | |
| Suppliers | 440/4 | - | €461 | +€461 | |
| Taxes, remuneration and social security | 45 | - | €5,166 | +€5,166 | |
| Taxes | 450/3 | - | €5,166 | +€5,166 | |
| Other amounts payable | 47/48 | €294,928 | €146,358 | -€148,570 | -50.4% |
| Non-recurring operating income | 76A | - | €79,194 | +€79,194 | |
| Remuneration, social security and pensions | 62 | €1,218 | €244 | -€974 | -80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,987 | €15,717 | -€21,270 | -57.5% |
| Other operating charges | 640/8 | €5,356 | €8,296 | +€2,940 | +54.9% |
| Gross operating margin | 9900 | €51,985 | €107,977 | +€55,992 | +107.7% |
| Operating profit (loss) | 9901 | €8,425 | €83,721 | +€75,296 | +893.8% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €27,613 | €23,289 | -€4,323 | -15.7% |
| Recurring financial charges | 65 | €27,613 | €23,289 | -€4,323 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,185 | €60,431 | +€79,616 | |
| Income taxes | 67/77 | - | €15,166 | +€15,166 | |
| Profit (loss) for the period | 9904 | -€19,185 | €45,265 | +€64,450 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,185 | €45,265 | +€64,450 |
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 2 October 2026 via checked.be.