SQUARIMMO: 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.
SQUARIMMO
Largest movements
- Stocks and contracts +€277,687
up €277,687 (+446.1%), from €62,252 to €339,938
- Receivables within one year -€92,898
down €92,898 (-33.8%), from €274,569 to €181,672
of which Trade receivables: -€59,104
- Tangible fixed assets -€29,540
down €29,540 (-2.8%), from €1.1m to €1.0m
of which Other tangible fixed assets: -€18,889
- Cash +€17,833
up €17,833 (+1092.3%), from €1,633 to €19,466
mainly Net result for the year (+€175,480) and Other debts (+€93,520)
- Profit (loss) carried forward +€175,480
up €175,480 (+94.6%), from -€185,549 to -€10,069
- Other debts +€93,520
up €93,520 (+882.1%), from €10,602 to €104,122
- Short-term financial debts -€50,858
down €50,858 (-83.0%), from €61,278 to €10,420
- Trade debts -€35,422
down €35,422 (-46.4%), from €76,392 to €40,969
- Debts after one year -€24,287
down €24,287 (-8.6%), from €283,254 to €258,967
- Gross operating margin +€198,165
up €198,165 (+557.4%), from €35,551 to €233,716
- Other operating charges +€7,310
up €7,310 (+125.0%), from €5,849 to €13,160
- Financial charges +€5,493
up €5,493 (+54.7%), from €10,037 to €15,530
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 | €1,396,233 | €1,571,537 | +€175,304 | +12.6% |
| Fixed assets | 21/28 | €1,057,779 | €1,028,239 | -€29,540 | -2.8% |
| Tangible fixed assets | 22/27 | €1,057,566 | €1,028,025 | -€29,540 | -2.8% |
| Land and buildings | 22 | €911,789 | €901,138 | -€10,652 | -1.2% |
| Other tangible fixed assets | 26 | €145,776 | €126,887 | -€18,889 | -13.0% |
| Financial fixed assets | 28 | €213 | €213 | = | 0.0% |
| Current assets | 29/58 | €338,454 | €543,299 | +€204,845 | +60.5% |
| Stocks and contracts in progress | 3 | €62,252 | €339,938 | +€277,687 | +446.1% |
| Stocks | 30/36 | €62,252 | €339,938 | +€277,687 | +446.1% |
| Amounts receivable within one year | 40/41 | €274,569 | €181,672 | -€92,898 | -33.8% |
| Trade receivables | 40 | €62,207 | €3,103 | -€59,104 | -95.0% |
| Other amounts receivable | 41 | €212,362 | €178,568 | -€33,794 | -15.9% |
| Cash at bank and in hand | 54/58 | €1,633 | €19,466 | +€17,833 | +1092.3% |
| Deferred charges and accrued income | 490/1 | - | €2,223 | +€2,223 | |
| Total equity and liabilities | 10/49 | €1,396,233 | €1,571,537 | +€175,304 | +12.6% |
| Equity | 10/15 | €854,773 | €1,030,253 | +€175,480 | +20.5% |
| Contributions | 10/11 | €786,754 | €786,754 | = | 0.0% |
| Capital | 10 | €786,754 | €786,754 | = | 0.0% |
| Issued capital | 100 | €786,754 | €786,754 | = | 0.0% |
| Reserves | 13 | €253,568 | €253,568 | = | 0.0% |
| Tax-exempt reserves | 132 | €253,568 | €253,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€185,549 | -€10,069 | +€175,480 | +94.6% |
| Provisions and deferred taxes | 16 | €84,523 | €84,523 | = | 0.0% |
| Deferred taxes | 168 | €84,523 | €84,523 | = | 0.0% |
| Amounts payable | 17/49 | €456,937 | €456,762 | -€175 | 0.0% |
| Amounts payable after more than one year | 17 | €283,254 | €258,967 | -€24,287 | -8.6% |
| Financial debts | 170/4 | €283,254 | €258,967 | -€24,287 | -8.6% |
| Amounts payable within one year | 42/48 | €173,683 | €197,795 | +€24,112 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €23,635 | €24,287 | +€653 | +2.8% |
| Financial debts | 43 | €61,278 | €10,420 | -€50,858 | -83.0% |
| Credit institutions | 430/8 | €61,278 | €10,420 | -€50,858 | -83.0% |
| Trade debts | 44 | €76,392 | €40,969 | -€35,422 | -46.4% |
| Suppliers | 440/4 | €76,392 | €40,969 | -€35,422 | -46.4% |
| Taxes, remuneration and social security | 45 | €1,777 | €17,996 | +€16,219 | +912.6% |
| Taxes | 450/3 | €1,777 | €17,996 | +€16,219 | +912.6% |
| Other amounts payable | 47/48 | €10,602 | €104,122 | +€93,520 | +882.1% |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,003 | €29,540 | +€538 | +1.9% |
| Other operating charges | 640/8 | €5,849 | €13,160 | +€7,310 | +125.0% |
| Gross operating margin | 9900 | €35,551 | €233,716 | +€198,165 | +557.4% |
| Operating profit (loss) | 9901 | €699 | €191,016 | +€190,317 | +27211.4% |
| Financial charges | 65/66B | €10,037 | €15,530 | +€5,493 | +54.7% |
| Recurring financial charges | 65 | €10,037 | €15,530 | +€5,493 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,337 | €175,487 | +€184,824 | |
| Income taxes | 67/77 | €137 | €7 | -€130 | -94.9% |
| Profit (loss) for the period | 9904 | -€9,474 | €175,480 | +€184,953 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,474 | €175,480 | +€184,953 |
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 4 October 2026 via checked.be.