SQUARELABS: 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.
SQUARELABS
Largest movements
- Receivables within one year -€22,632
down €22,632 (-82.8%), from €27,340 to €4,708
of which Trade receivables: -€20,411
- Intangible fixed assets -€5,112
down €5,112 (-75.7%), from €6,752 to €1,640
- Cash +€3,994
up €3,994 (+132.5%), from €3,015 to €7,009
mainly Receivables within one year (+€22,632) and Depreciation (+€5,112)
- Receivables after one year -€3,669
down €3,669 (-25.8%), from €14,209 to €10,540
- Trade debts -€11,627
down €11,627 (-51.2%), from €22,718 to €11,091
- Tax, wage and social debts -€9,357
down €9,357 (-97.0%), from €9,646 to €289
- Profit (loss) carried forward -€6,701
down €6,701 (-111.8%), from -€5,993 to -€12,694
- Financial charges +€6,339
up €6,339 (+3324.1%), from €191 to €6,530
- Gross operating margin +€5,879
up €5,879, from -€1,126 to €4,753
- Financial income +€182
up €182 (+2842.9%), from €6 to €189
- Taxes -€48
no longer reported in 2025 (was €48)
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 | €51,725 | €24,249 | -€27,476 | -53.1% |
| Fixed assets | 21/28 | €6,752 | €1,640 | -€5,112 | -75.7% |
| Intangible fixed assets | 21 | €6,752 | €1,640 | -€5,112 | -75.7% |
| Current assets | 29/58 | €44,973 | €22,609 | -€22,364 | -49.7% |
| Amounts receivable after more than one year | 29 | €14,209 | €10,540 | -€3,669 | -25.8% |
| Other amounts receivable | 291 | €14,209 | €10,540 | -€3,669 | -25.8% |
| Amounts receivable within one year | 40/41 | €27,340 | €4,708 | -€22,632 | -82.8% |
| Trade receivables | 40 | €23,387 | €2,976 | -€20,411 | -87.3% |
| Other amounts receivable | 41 | €3,953 | €1,733 | -€2,221 | -56.2% |
| Cash at bank and in hand | 54/58 | €3,015 | €7,009 | +€3,994 | +132.5% |
| Deferred charges and accrued income | 490/1 | €410 | €352 | -€57 | -14.0% |
| Total equity and liabilities | 10/49 | €51,725 | €24,249 | -€27,476 | -53.1% |
| Equity | 10/15 | €19,007 | €12,306 | -€6,701 | -35.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €23,500 | €23,500 | = | 0.0% |
| Distributable reserves | 133 | €23,500 | €23,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,993 | -€12,694 | -€6,701 | -111.8% |
| Amounts payable | 17/49 | €32,719 | €11,943 | -€20,776 | -63.5% |
| Amounts payable within one year | 42/48 | €32,719 | €11,943 | -€20,776 | -63.5% |
| Trade debts | 44 | €22,718 | €11,091 | -€11,627 | -51.2% |
| Suppliers | 440/4 | €22,718 | €11,091 | -€11,627 | -51.2% |
| Taxes, remuneration and social security | 45 | €9,646 | €289 | -€9,357 | -97.0% |
| Taxes | 450/3 | €9,646 | €289 | -€9,357 | -97.0% |
| Other amounts payable | 47/48 | €355 | €564 | +€209 | +58.8% |
| Non-recurring operating income | 76A | €3,277 | - | -€3,277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,112 | €5,112 | = | 0.0% |
| Gross operating margin | 9900 | -€1,126 | €4,753 | +€5,879 | |
| Operating profit (loss) | 9901 | -€6,238 | -€359 | +€5,879 | +94.2% |
| Financial income | 75/76B | €6 | €189 | +€182 | +2842.9% |
| Recurring financial income | 75 | €6 | €189 | +€182 | +2842.9% |
| Financial charges | 65/66B | €191 | €6,530 | +€6,339 | +3324.1% |
| Recurring financial charges | 65 | €191 | €6,530 | +€6,339 | +3324.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,423 | -€6,701 | -€278 | -4.3% |
| Income taxes | 67/77 | €48 | - | -€48 | |
| Profit (loss) for the period | 9904 | -€6,470 | -€6,701 | -€230 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,470 | -€6,701 | -€230 | -3.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.