SQUARO CONCEPT: 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.
SQUARO CONCEPT
Largest movements
- Tangible fixed assets -€20,194
down €20,194 (-28.0%), from €72,166 to €51,971
of which Plant, machinery and equipment: -€10,681
- Receivables within one year +€8,448
up €8,448 (+91.9%), from €9,189 to €17,637
of which Trade receivables: +€8,459
- Cash -€4,691
down €4,691 (-43.1%), from €10,893 to €6,202
mainly Other debts (-€17,192) and Debts after one year (-€9,758)
- Other debts -€17,192
down €17,192 (-67.4%), from €25,525 to €8,333
- Debts after one year -€9,758
down €9,758 (-15.8%), from €61,945 to €52,187
- Profit (loss) carried forward +€7,088
up €7,088 (+53.5%), from -€13,245 to -€6,157
- Tax, wage and social debts +€4,379
up €4,379 (+336.2%), from €1,303 to €5,682
- Trade debts -€1,617
down €1,617 (-33.3%), from €4,860 to €3,243
- Depreciation +€4,487
up €4,487 (+22.9%), from €19,607 to €24,094
- Gross operating margin +€3,830
up €3,830 (+12.2%), from €31,444 to €35,274
- Other operating charges +€1,520
up €1,520 (+153.2%), from €992 to €2,512
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 | €112,231 | €95,794 | -€16,437 | -14.6% |
| Fixed assets | 21/28 | €72,166 | €51,971 | -€20,194 | -28.0% |
| Tangible fixed assets | 22/27 | €72,166 | €51,971 | -€20,194 | -28.0% |
| Plant, machinery and equipment | 23 | €22,882 | €12,201 | -€10,681 | -46.7% |
| Furniture and vehicles | 24 | €49,284 | €39,770 | -€9,513 | -19.3% |
| Current assets | 29/58 | €40,066 | €43,822 | +€3,757 | +9.4% |
| Stocks and contracts in progress | 3 | €19,983 | €19,983 | = | 0.0% |
| Stocks | 30/36 | €19,983 | €19,983 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,189 | €17,637 | +€8,448 | +91.9% |
| Trade receivables | 40 | €9,178 | €17,637 | +€8,459 | +92.2% |
| Other amounts receivable | 41 | €12 | - | -€12 | |
| Cash at bank and in hand | 54/58 | €10,893 | €6,202 | -€4,691 | -43.1% |
| Total equity and liabilities | 10/49 | €112,231 | €95,794 | -€16,437 | -14.6% |
| Equity | 10/15 | €8,755 | €15,843 | +€7,088 | +81.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,245 | -€6,157 | +€7,088 | +53.5% |
| Amounts payable | 17/49 | €103,476 | €79,951 | -€23,526 | -22.7% |
| Amounts payable after more than one year | 17 | €61,945 | €52,187 | -€9,758 | -15.8% |
| Financial debts | 170/4 | €61,945 | €52,187 | -€9,758 | -15.8% |
| Amounts payable within one year | 42/48 | €41,531 | €27,764 | -€13,768 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €9,843 | €10,506 | +€663 | +6.7% |
| Trade debts | 44 | €4,860 | €3,243 | -€1,617 | -33.3% |
| Suppliers | 440/4 | €4,860 | €3,243 | -€1,617 | -33.3% |
| Taxes, remuneration and social security | 45 | €1,303 | €5,682 | +€4,379 | +336.2% |
| Taxes | 450/3 | €1,303 | €5,682 | +€4,379 | +336.2% |
| Other amounts payable | 47/48 | €25,525 | €8,333 | -€17,192 | -67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,607 | €24,094 | +€4,487 | +22.9% |
| Other operating charges | 640/8 | €992 | €2,512 | +€1,520 | +153.2% |
| Gross operating margin | 9900 | €31,444 | €35,274 | +€3,830 | +12.2% |
| Operating profit (loss) | 9901 | €10,845 | €8,668 | -€2,177 | -20.1% |
| Financial income | 75/76B | €14 | €1 | -€13 | -93.3% |
| Recurring financial income | 75 | €14 | €1 | -€13 | -93.3% |
| Financial charges | 65/66B | €1,346 | €1,580 | +€234 | +17.4% |
| Recurring financial charges | 65 | €1,346 | €1,580 | +€234 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €9,513 | €7,088 | -€2,425 | -25.5% |
| Profit (loss) for the period | 9904 | €9,513 | €7,088 | -€2,425 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,513 | €7,088 | -€2,425 | -25.5% |
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.