SQUARO TECHNICS: 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 TECHNICS
Largest movements
- Receivables within one year -€16,243
down €16,243 (-19.4%), from €83,697 to €67,454
of which Trade receivables: -€29,017
- Tangible fixed assets -€9,390
down €9,390 (-17.2%), from €54,726 to €45,336
of which Furniture and vehicles: -€7,697
- Cash +€2,771
up €2,771 (+382%), from €725 to €3,495
mainly Receivables within one year (+€16,243) and Investment in fixed assets (net) (+€9,390)
- Other debts -€7,556
no longer reported in 2024 (was €7,556)
- Tax, wage and social debts -€7,129
down €7,129 (-36.8%), from €19,392 to €12,264
of which Taxes: -€18,265
- Debts after one year -€5,619
no longer reported in 2024 (was €5,619)
- Profit (loss) carried forward -€3,504
down €3,504 (-6.1%), from €57,030 to €53,526
- Gross operating margin -€26,202
down €26,202 (-27.6%), from €94,824 to €68,622
- Depreciation -€24,029
no longer reported in 2024 (was €24,029)
- Write-downs +€22,190
new in 2024: €22,190
- Staff costs -€13,860
down €13,860 (-22.5%), from €61,712 to €47,852
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.
Derived cash bridge
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 | €141,686 | €118,824 | -€22,862 | -16.1% |
| Fixed assets | 21/28 | €57,264 | €47,874 | -€9,390 | -16.4% |
| Tangible fixed assets | 22/27 | €54,726 | €45,336 | -€9,390 | -17.2% |
| Plant, machinery and equipment | 23 | €4,858 | €3,165 | -€1,693 | -34.8% |
| Furniture and vehicles | 24 | €49,868 | €42,171 | -€7,697 | -15.4% |
| Financial fixed assets | 28 | €2,538 | €2,538 | = | 0.0% |
| Current assets | 29/58 | €84,422 | €70,950 | -€13,472 | -16.0% |
| Amounts receivable within one year | 40/41 | €83,697 | €67,454 | -€16,243 | -19.4% |
| Trade receivables | 40 | €75,038 | €46,021 | -€29,017 | -38.7% |
| Other amounts receivable | 41 | €8,659 | €21,434 | +€12,774 | +148% |
| Cash at bank and in hand | 54/58 | €725 | €3,495 | +€2,771 | +382% |
| Total equity and liabilities | 10/49 | €141,686 | €118,824 | -€22,862 | -16.1% |
| Equity | 10/15 | €104,445 | €100,941 | -€3,504 | -3.4% |
| Contributions | 10/11 | €39,831 | €39,831 | = | 0.0% |
| Reserves | 13 | €7,583 | €7,583 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,983 | €3,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,983 | €3,983 | = | 0.0% |
| Distributable reserves | 133 | €3,600 | €3,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,030 | €53,526 | -€3,504 | -6.1% |
| Amounts payable | 17/49 | €37,240 | €17,883 | -€19,358 | -52.0% |
| Amounts payable after more than one year | 17 | €5,619 | - | -€5,619 | |
| Financial debts | 170/4 | €5,619 | - | -€5,619 | |
| Amounts payable within one year | 42/48 | €31,622 | €17,883 | -€13,739 | -43.4% |
| Current portion of amounts payable after more than one year | 42 | €4,456 | €5,619 | +€1,163 | +26.1% |
| Trade debts | 44 | €217 | - | -€217 | |
| Suppliers | 440/4 | €217 | - | -€217 | |
| Taxes, remuneration and social security | 45 | €19,392 | €12,264 | -€7,129 | -36.8% |
| Taxes | 450/3 | €19,392 | €1,128 | -€18,265 | -94.2% |
| Remuneration and social security | 454/9 | - | €11,136 | +€11,136 | |
| Other amounts payable | 47/48 | €7,556 | - | -€7,556 | |
| Non-recurring operating income | 76A | €982 | - | -€982 | |
| Remuneration, social security and pensions | 62 | €61,712 | €47,852 | -€13,860 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,029 | - | -€24,029 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €22,190 | +€22,190 | |
| Other operating charges | 640/8 | €1,306 | €797 | -€510 | -39.0% |
| Gross operating margin | 9900 | €94,824 | €68,622 | -€26,202 | -27.6% |
| Operating profit (loss) | 9901 | €7,777 | -€2,217 | -€9,994 | |
| Financial income | 75/76B | €25 | €7 | -€18 | -73.1% |
| Recurring financial income | 75 | €25 | €7 | -€18 | -73.1% |
| Financial charges | 65/66B | €1,118 | €960 | -€158 | -14.2% |
| Recurring financial charges | 65 | €1,118 | €960 | -€158 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €6,684 | -€3,170 | -€9,854 | |
| Income taxes | 67/77 | €404 | €334 | -€69 | -17.1% |
| Profit (loss) for the period | 9904 | €6,280 | -€3,504 | -€9,784 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,280 | -€3,504 | -€9,784 |
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 13 October 2026 via checked.be.