SQUARIS: 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.
SQUARIS
Largest movements
- Cash +€164,441
up €164,441 (+147.7%), from €111,344 to €275,784
mainly Net result for the year (+€240,027) and Trade debts (+€176,847)
- Receivables within one year +€129,781
up €129,781 (+11.4%), from €1.1m to €1.3m
of which Other amounts receivable: +€124,286
- Reserves +€240,027
up €240,027 (+35.1%), from €683,522 to €923,549
of which Distributable reserves: +€240,027
- Trade debts +€176,847
up €176,847 (+92.3%), from €191,502 to €368,349
- Other debts -€152,166
down €152,166 (-73.1%), from €208,242 to €56,076
- Tax, wage and social debts +€21,791
up €21,791 (+13.5%), from €161,994 to €183,785
- Other operating charges -€19,713
down €19,713 (-96.9%), from €20,335 to €621
- Gross operating margin -€12,515
down €12,515 (-2.0%), from €638,754 to €626,239
- Provisions +€12,000
no longer reported in 2024 (was -€12,000)
- Write-downs -€10,000
no longer reported in 2024 (was €10,000)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,321,180 | €1,607,275 | +€286,095 | +21.7% |
| Fixed assets | 21/28 | €39,543 | €41,128 | +€1,585 | +4.0% |
| Intangible fixed assets | 21 | €3,017 | €1,917 | -€1,100 | -36.5% |
| Tangible fixed assets | 22/27 | €36,526 | €39,211 | +€2,685 | +7.4% |
| Furniture and vehicles | 24 | €2,448 | €1,712 | -€735 | -30.0% |
| Other tangible fixed assets | 26 | €34,079 | €37,499 | +€3,420 | +10.0% |
| Current assets | 29/58 | €1,281,637 | €1,566,147 | +€284,510 | +22.2% |
| Amounts receivable after more than one year | 29 | €29,119 | €15,000 | -€14,119 | -48.5% |
| Other amounts receivable | 291 | €29,119 | €15,000 | -€14,119 | -48.5% |
| Amounts receivable within one year | 40/41 | €1,138,710 | €1,268,491 | +€129,781 | +11.4% |
| Trade receivables | 40 | €648,908 | €654,403 | +€5,495 | +0.8% |
| Other amounts receivable | 41 | €489,802 | €614,088 | +€124,286 | +25.4% |
| Cash at bank and in hand | 54/58 | €111,344 | €275,784 | +€164,441 | +147.7% |
| Deferred charges and accrued income | 490/1 | €2,465 | €6,872 | +€4,407 | +178.8% |
| Total equity and liabilities | 10/49 | €1,321,180 | €1,607,275 | +€286,095 | +21.7% |
| Equity | 10/15 | €702,122 | €942,149 | +€240,027 | +34.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €683,522 | €923,549 | +€240,027 | +35.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €681,662 | €921,689 | +€240,027 | +35.2% |
| Amounts payable | 17/49 | €619,059 | €665,126 | +€46,067 | +7.4% |
| Amounts payable after more than one year | 17 | €5,100 | €5,100 | = | 0.0% |
| Other amounts payable | 178/9 | €5,100 | €5,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €561,738 | €608,210 | +€46,472 | +8.3% |
| Trade debts | 44 | €191,502 | €368,349 | +€176,847 | +92.3% |
| Suppliers | 440/4 | €191,502 | €368,349 | +€176,847 | +92.3% |
| Taxes, remuneration and social security | 45 | €161,994 | €183,785 | +€21,791 | +13.5% |
| Taxes | 450/3 | €161,994 | €183,785 | +€21,791 | +13.5% |
| Other amounts payable | 47/48 | €208,242 | €56,076 | -€152,166 | -73.1% |
| Accrued charges and deferred income | 492/3 | €52,221 | €51,816 | -€405 | -0.8% |
| Remuneration, social security and pensions | 62 | €254,651 | €259,766 | +€5,115 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,753 | €6,577 | +€1,824 | +38.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,000 | - | -€10,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€12,000 | - | +€12,000 | |
| Other operating charges | 640/8 | €20,335 | €621 | -€19,713 | -96.9% |
| Gross operating margin | 9900 | €638,754 | €626,239 | -€12,515 | -2.0% |
| Operating profit (loss) | 9901 | €361,015 | €359,275 | -€1,740 | -0.5% |
| Financial income | 75/76B | €3,773 | €1,051 | -€2,722 | -72.1% |
| Recurring financial income | 75 | €3,773 | €1,051 | -€2,722 | -72.1% |
| Financial charges | 65/66B | €3,490 | €2,736 | -€754 | -21.6% |
| Recurring financial charges | 65 | €3,490 | €2,736 | -€754 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €361,298 | €357,590 | -€3,708 | -1.0% |
| Income taxes | 67/77 | €117,892 | €117,563 | -€330 | -0.3% |
| Profit (loss) for the period | 9904 | €243,406 | €240,027 | -€3,378 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €243,406 | €240,027 | -€3,378 | -1.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.