SQUARELEAF: 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.
SQUARELEAF
Largest movements
- Cash -€29,570
down €29,570 (-59.3%), from €49,906 to €20,335
mainly Other debts (-€28,513) and Contributions, distributions and other (-€25,000)
- Receivables within one year -€5,461
down €5,461 (-27.1%), from €20,170 to €14,709
of which Other amounts receivable: -€18,166
- Receivables after one year -€1,549
down €1,549 (-11.3%), from €13,706 to €12,158
- Tangible fixed assets +€1,420
up €1,420 (+299%), from €476 to €1,895
- Other debts -€28,513
down €28,513 (-57.8%), from €49,345 to €20,832
- Tax, wage and social debts -€11,191
down €11,191 (-38.1%), from €29,349 to €18,157
- Reserves +€2,280
up €2,280 (+45.6%), from €5,000 to €7,280
- Trade debts +€2,264
up €2,264 (+327%), from €691 to €2,955
- Gross operating margin +€14,226
up €14,226 (+58.4%), from €24,365 to €38,591
- Taxes +€2,328
up €2,328 (+35.1%), from €6,633 to €8,961
- Financial income -€716
down €716 (-61.0%), from €1,172 to €457
- Depreciation -€485
down €485 (-65.6%), from €740 to €255
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 | €84,485 | €49,324 | -€35,161 | -41.6% |
| Fixed assets | 21/28 | €476 | €1,895 | +€1,420 | +299% |
| Tangible fixed assets | 22/27 | €476 | €1,895 | +€1,420 | +299% |
| Furniture and vehicles | 24 | €476 | €1,895 | +€1,420 | +299% |
| Current assets | 29/58 | €84,010 | €47,429 | -€36,580 | -43.5% |
| Amounts receivable after more than one year | 29 | €13,706 | €12,158 | -€1,549 | -11.3% |
| Other amounts receivable | 291 | €13,706 | €12,158 | -€1,549 | -11.3% |
| Amounts receivable within one year | 40/41 | €20,170 | €14,709 | -€5,461 | -27.1% |
| Trade receivables | 40 | - | €12,705 | +€12,705 | |
| Other amounts receivable | 41 | €20,170 | €2,004 | -€18,166 | -90.1% |
| Cash at bank and in hand | 54/58 | €49,906 | €20,335 | -€29,570 | -59.3% |
| Deferred charges and accrued income | 490/1 | €227 | €227 | = | 0.0% |
| Total equity and liabilities | 10/49 | €84,485 | €49,324 | -€35,161 | -41.6% |
| Equity | 10/15 | €5,100 | €7,380 | +€2,280 | +44.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €5,000 | €7,280 | +€2,280 | +45.6% |
| Distributable reserves | 133 | €5,000 | €7,280 | +€2,280 | +45.6% |
| Amounts payable | 17/49 | €79,385 | €41,944 | -€37,441 | -47.2% |
| Amounts payable within one year | 42/48 | €79,385 | €41,944 | -€37,441 | -47.2% |
| Trade debts | 44 | €691 | €2,955 | +€2,264 | +327% |
| Suppliers | 440/4 | €691 | €2,955 | +€2,264 | +327% |
| Taxes, remuneration and social security | 45 | €29,349 | €18,157 | -€11,191 | -38.1% |
| Taxes | 450/3 | €29,349 | €18,157 | -€11,191 | -38.1% |
| Other amounts payable | 47/48 | €49,345 | €20,832 | -€28,513 | -57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €740 | €255 | -€485 | -65.6% |
| Other operating charges | 640/8 | €1,338 | €1,684 | +€346 | +25.9% |
| Gross operating margin | 9900 | €24,365 | €38,591 | +€14,226 | +58.4% |
| Operating profit (loss) | 9901 | €22,288 | €36,653 | +€14,365 | +64.5% |
| Financial income | 75/76B | €1,172 | €457 | -€716 | -61.0% |
| Recurring financial income | 75 | €1,172 | €457 | -€716 | -61.0% |
| Financial charges | 65/66B | €1,081 | €868 | -€213 | -19.7% |
| Recurring financial charges | 65 | €1,081 | €868 | -€213 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €22,380 | €36,242 | +€13,862 | +61.9% |
| Income taxes | 67/77 | €6,633 | €8,961 | +€2,328 | +35.1% |
| Profit (loss) for the period | 9904 | €15,746 | €27,280 | +€11,534 | +73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,746 | €27,280 | +€11,534 | +73.2% |
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 15 October 2026 via checked.be.