SQUAREMETERS: 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.
SQUAREMETERS
Largest movements
- Receivables within one year -€63,438
down €63,438 (-64.3%), from €98,696 to €35,258
of which Other amounts receivable: -€64,790
- Cash +€61,229
up €61,229 (+13740.8%), from €446 to €61,675
mainly Receivables within one year (+€63,438) and Receivables after one year (+€52,450)
- Receivables after one year -€52,450
down €52,450 (-35.0%), from €150,000 to €97,550
- Debts after one year -€69,329
down €69,329 (-12.4%), from €560,988 to €491,659
of which Financial debts: -€70,150
- Reserves +€29,203
up €29,203 (+32.1%), from €91,051 to €120,254
- Trade debts -€21,191
down €21,191 (-77.9%), from €27,208 to €6,017
- Gross operating margin -€25,095
down €25,095 (-28.9%), from €86,754 to €61,659
- Depreciation -€24,640
down €24,640 (-84.6%), from €29,116 to €4,476
- Financial income -€2,820
down €2,820 (-23.7%), from €11,879 to €9,059
- Taxes +€1,682
up €1,682 (+18.1%), from €9,293 to €10,975
- Financial charges -€1,416
down €1,416 (-5.8%), from €24,435 to €23,019
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 | €868,136 | €812,088 | -€56,049 | -6.5% |
| Fixed assets | 21/28 | €617,055 | €615,203 | -€1,852 | -0.3% |
| Tangible fixed assets | 22/27 | €617,055 | €615,203 | -€1,852 | -0.3% |
| Land and buildings | 22 | €612,000 | €612,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,571 | €1,487 | -€2,084 | -58.4% |
| Furniture and vehicles | 24 | €1,484 | €1,716 | +€232 | +15.6% |
| Current assets | 29/58 | €251,081 | €196,885 | -€54,196 | -21.6% |
| Amounts receivable after more than one year | 29 | €150,000 | €97,550 | -€52,450 | -35.0% |
| Other amounts receivable | 291 | €150,000 | €97,550 | -€52,450 | -35.0% |
| Stocks and contracts in progress | 3 | €1,536 | €2,245 | +€709 | +46.1% |
| Stocks | 30/36 | €1,536 | €2,245 | +€709 | +46.1% |
| Amounts receivable within one year | 40/41 | €98,696 | €35,258 | -€63,438 | -64.3% |
| Trade receivables | 40 | €33,890 | €35,243 | +€1,352 | +4.0% |
| Other amounts receivable | 41 | €64,805 | €15 | -€64,790 | -100.0% |
| Cash at bank and in hand | 54/58 | €446 | €61,675 | +€61,229 | +13740.8% |
| Deferred charges and accrued income | 490/1 | €404 | €158 | -€246 | -60.9% |
| Total equity and liabilities | 10/49 | €868,136 | €812,088 | -€56,049 | -6.5% |
| Equity | 10/15 | €227,051 | €256,254 | +€29,203 | +12.9% |
| Contributions | 10/11 | €136,000 | €136,000 | = | 0.0% |
| Reserves | 13 | €91,051 | €120,254 | +€29,203 | +32.1% |
| Distributable reserves | 133 | €91,051 | €120,254 | +€29,203 | +32.1% |
| Amounts payable | 17/49 | €641,085 | €555,834 | -€85,252 | -13.3% |
| Amounts payable after more than one year | 17 | €560,988 | €491,659 | -€69,329 | -12.4% |
| Financial debts | 170/4 | €530,753 | €460,603 | -€70,150 | -13.2% |
| Other amounts payable | 178/9 | €30,236 | €31,056 | +€820 | +2.7% |
| Amounts payable within one year | 42/48 | €80,097 | €61,775 | -€18,322 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €32,008 | €32,650 | +€642 | +2.0% |
| Trade debts | 44 | €27,208 | €6,017 | -€21,191 | -77.9% |
| Suppliers | 440/4 | €27,208 | €6,017 | -€21,191 | -77.9% |
| Taxes, remuneration and social security | 45 | €9,361 | €11,377 | +€2,016 | +21.5% |
| Taxes | 450/3 | €9,361 | €11,377 | +€2,016 | +21.5% |
| Other amounts payable | 47/48 | €11,521 | €11,731 | +€210 | +1.8% |
| Accrued charges and deferred income | 492/3 | - | €2,400 | +€2,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,116 | €4,476 | -€24,640 | -84.6% |
| Other operating charges | 640/8 | €2,124 | €2,852 | +€728 | +34.3% |
| Non-recurring operating charges | 66A | - | €193 | +€193 | |
| Gross operating margin | 9900 | €86,754 | €61,659 | -€25,095 | -28.9% |
| Operating profit (loss) | 9901 | €55,514 | €54,138 | -€1,375 | -2.5% |
| Financial income | 75/76B | €11,879 | €9,059 | -€2,820 | -23.7% |
| Recurring financial income | 75 | €11,879 | €9,059 | -€2,820 | -23.7% |
| Financial charges | 65/66B | €24,435 | €23,019 | -€1,416 | -5.8% |
| Recurring financial charges | 65 | €24,435 | €23,019 | -€1,416 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €42,958 | €40,178 | -€2,780 | -6.5% |
| Income taxes | 67/77 | €9,293 | €10,975 | +€1,682 | +18.1% |
| Profit (loss) for the period | 9904 | €33,665 | €29,203 | -€4,462 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,665 | €29,203 | -€4,462 | -13.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.