SQUAREROOT: 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.
SQUAREROOT
Largest movements
- Cash +€29,416
up €29,416 (+66.5%), from €44,217 to €73,633
mainly Net result for the year (+€32,963) and Receivables within one year (+€23,669)
- Receivables within one year -€23,669
down €23,669 (-20.7%), from €114,532 to €90,863
of which Trade receivables: -€15,880
- Tangible fixed assets -€6,087
down €6,087 (-7.2%), from €84,887 to €78,800
of which Land and buildings: -€6,625
- Accrued charges and deferred income -€11,691
down €11,691 (-100.0%), from €11,691 to €0
- Reserves +€6,429
up €6,429 (+3.5%), from €185,781 to €192,211
of which Distributable reserves: +€6,429
- Trade debts +€4,808
up €4,808 (+3419.2%), from €141 to €4,949
- Short-term financial debts +€2,484
up €2,484 (+73.1%), from €3,397 to €5,882
- Gross operating margin -€17,624
down €17,624 (-24.5%), from €71,791 to €54,167
- Financial income +€4,944
up €4,944 (+1818.6%), from €272 to €5,216
- Taxes -€2,606
down €2,606 (-17.0%), from €15,306 to €12,700
- Financial charges -€2,227
down €2,227 (-46.1%), from €4,833 to €2,606
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 | €245,685 | €245,981 | +€296 | +0.1% |
| Fixed assets | 21/28 | €85,142 | €79,055 | -€6,087 | -7.1% |
| Tangible fixed assets | 22/27 | €84,887 | €78,800 | -€6,087 | -7.2% |
| Land and buildings | 22 | €84,003 | €77,378 | -€6,625 | -7.9% |
| Furniture and vehicles | 24 | €884 | €1,422 | +€538 | +60.9% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €160,543 | €166,926 | +€6,383 | +4.0% |
| Amounts receivable within one year | 40/41 | €114,532 | €90,863 | -€23,669 | -20.7% |
| Trade receivables | 40 | €35,566 | €19,686 | -€15,880 | -44.6% |
| Other amounts receivable | 41 | €78,966 | €71,177 | -€7,788 | -9.9% |
| Cash at bank and in hand | 54/58 | €44,217 | €73,633 | +€29,416 | +66.5% |
| Deferred charges and accrued income | 490/1 | €1,794 | €2,430 | +€635 | +35.4% |
| Total equity and liabilities | 10/49 | €245,685 | €245,981 | +€296 | +0.1% |
| Equity | 10/15 | €204,381 | €210,811 | +€6,429 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €185,781 | €192,211 | +€6,429 | +3.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €185,781 | €192,211 | +€6,429 | +3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €18,869 | €18,869 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €18,869 | €18,869 | = | 0.0% |
| Pensions and similar obligations | 160 | €18,869 | €18,869 | = | 0.0% |
| Amounts payable | 17/49 | €22,435 | €16,301 | -€6,134 | -27.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €10,743 | €16,301 | +€5,558 | +51.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €3,397 | €5,882 | +€2,484 | +73.1% |
| Credit institutions | 430/8 | €3,397 | €5,882 | +€2,484 | +73.1% |
| Trade debts | 44 | €141 | €4,949 | +€4,808 | +3419.2% |
| Suppliers | 440/4 | €141 | €4,949 | +€4,808 | +3419.2% |
| Taxes, remuneration and social security | 45 | €7,205 | €5,470 | -€1,735 | -24.1% |
| Taxes | 450/3 | €7,205 | €5,470 | -€1,735 | -24.1% |
| Accrued charges and deferred income | 492/3 | €11,691 | €0 | -€11,691 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,718 | €8,698 | -€20 | -0.2% |
| Other operating charges | 640/8 | €2,066 | €2,416 | +€351 | +17.0% |
| Non-recurring operating charges | 66A | €1,278 | €0 | -€1,278 | -100.0% |
| Gross operating margin | 9900 | €71,791 | €54,167 | -€17,624 | -24.5% |
| Operating profit (loss) | 9901 | €59,729 | €43,053 | -€16,676 | -27.9% |
| Financial income | 75/76B | €272 | €5,216 | +€4,944 | +1818.6% |
| Recurring financial income | 75 | €272 | €5,216 | +€4,944 | +1818.6% |
| Financial charges | 65/66B | €4,833 | €2,606 | -€2,227 | -46.1% |
| Recurring financial charges | 65 | €4,833 | €2,606 | -€2,227 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | €55,168 | €45,663 | -€9,505 | -17.2% |
| Income taxes | 67/77 | €15,306 | €12,700 | -€2,606 | -17.0% |
| Profit (loss) for the period | 9904 | €39,861 | €32,963 | -€6,899 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,861 | €32,963 | -€6,899 | -17.3% |
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 6 October 2026 via checked.be.