SQUATINA: 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.
What changed
SQUATINA
NACE 87.101, Residential care activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€399,044
2024 · €61,312-€460,356
Equity
€30.9m
2024 · €31.3m-€399,044
Cash
€1.3m
2024 · €1.6m-€223,342
Balance sheet total
€34.3m
2024 · €35.4m-€1.0m
Largest movements
Assets
- Tangible fixed assets -€523,490
down €523,490 (-3.2%), from €16.5m to €16.0m
of which Land and buildings: -€573,281
Equity and liabilities
- Provisions -€605,463
down €605,463 (-100%), from €605,463 to €0
- Reserves -€399,044
down €399,044 (-19.0%), from €2.1m to €1.7m
Income statement
- Turnover +€860,740
up €860,740 (+5.2%), from €16.5m to €17.3m
- Services and other goods +€613,336
up €613,336 (+13.2%), from €4.6m to €5.2m
- Financial income -€174,574
down €174,574 (-35.6%), from €490,337 to €315,763
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.
Result 2024
€61,312
Turnover
+€860,740
Other operating income
+€26,605
Goods and materials
+€32,795
Services and other goods
-€613,336
Staff costs
-€41,177
Depreciation
-€83,398
Write-downs
-€5,303
Other operating charges
+€8,126
Other operating items
-€513,152
Financial income
-€174,574
Financial charges
-€10,976
Taxes
+€53,295
Result 2025
-€399,044
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€505,194
Investment
-€728,120
Financing
-€417
Cash 2024
€1.6m
From operations (derived)
+€505,194
Net result for the year
-€399,044
Depreciation
+€1.2m
Stocks and contracts
-€2,570
Receivables within one year
+€176,394
Deferred charges and accrued income
+€203,636
Provisions
-€605,463
Debts within one year
+€23,895
Accrued charges and deferred income
-€55,786
Investment (derived)
-€728,120
Investment in fixed assets (net)
-€650,299
Current investments
-€77,820
Financing
-€417
Debts after one year
-€417
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,381,686 | €34,344,871 | -€1.0m | -2.9% |
| Fixed assets | 21/28 | €16,554,030 | €16,040,198 | -€513,832 | -3.1% |
| Intangible fixed assets | 21 | €11,051 | €17,309 | +€6,258 | +56.6% |
| Tangible fixed assets | 22/27 | €16,539,779 | €16,016,289 | -€523,490 | -3.2% |
| Land and buildings | 22 | €14,695,356 | €14,122,074 | -€573,281 | -3.9% |
| Plant, machinery and equipment | 23 | €1,018,201 | €1,119,636 | +€101,435 | +10.0% |
| Furniture and vehicles | 24 | €648,884 | €644,785 | -€4,098 | -0.6% |
| Other tangible fixed assets | 26 | €149,626 | €124,935 | -€24,691 | -16.5% |
| Assets under construction and advance payments | 27 | €27,713 | €4,858 | -€22,855 | -82.5% |
| Financial fixed assets | 28 | €3,200 | €6,600 | +€3,400 | +106% |
| Other financial fixed assets | 284/8 | €3,200 | €6,600 | +€3,400 | +106% |
| Amounts receivable and cash guarantees | 285/8 | €3,200 | €6,600 | +€3,400 | +106% |
| Current assets | 29/58 | €18,827,656 | €18,304,673 | -€522,982 | -2.8% |
| Stocks and contracts in progress | 3 | €15,352 | €17,922 | +€2,570 | +16.7% |
| Stocks | 30/36 | €15,352 | €17,922 | +€2,570 | +16.7% |
| Raw materials and consumables | 30/31 | €15,352 | €17,922 | +€2,570 | +16.7% |
| Amounts receivable within one year | 40/41 | €2,391,333 | €2,214,939 | -€176,394 | -7.4% |
| Trade receivables | 40 | €1,652,690 | €1,635,214 | -€17,476 | -1.1% |
| Other amounts receivable | 41 | €738,644 | €579,726 | -€158,918 | -21.5% |
| Current investments | 50/53 | €14,526,060 | €14,603,881 | +€77,820 | +0.5% |
| Cash at bank and in hand | 54/58 | €1,568,054 | €1,344,712 | -€223,342 | -14.2% |
| Deferred charges and accrued income | 490/1 | €326,856 | €123,219 | -€203,636 | -62.3% |
| Total equity and liabilities | 10/49 | €35,381,686 | €34,344,871 | -€1.0m | -2.9% |
| Equity | 10/15 | €31,314,414 | €30,915,370 | -€399,044 | -1.3% |
| Contributions | 10/11 | €29,219,271 | €29,219,271 | = | 0.0% |
| Capital | 10 | €29,219,271 | €29,219,271 | = | 0.0% |
| Reserves | 13 | €2,095,143 | €1,696,099 | -€399,044 | -19.0% |
| Provisions and deferred taxes | 16 | €605,463 | €0 | -€605,463 | -100% |
| Provisions for liabilities and charges | 160/5 | €605,463 | €0 | -€605,463 | -100% |
| Other liabilities and charges | 164/5 | €605,463 | €0 | -€605,463 | -100% |
| Amounts payable | 17/49 | €3,461,809 | €3,429,501 | -€32,308 | -0.9% |
| Amounts payable after more than one year | 17 | €1,393 | €976 | -€417 | -29.9% |
| Other amounts payable | 178/9 | €1,393 | €976 | -€417 | -29.9% |
| Amounts payable within one year | 42/48 | €3,375,125 | €3,399,020 | +€23,895 | +0.7% |
| Trade debts | 44 | €529,306 | €752,004 | +€222,698 | +42.1% |
| Suppliers | 440/4 | €529,306 | €752,004 | +€222,698 | +42.1% |
| Taxes, remuneration and social security | 45 | €2,825,383 | €2,634,711 | -€190,671 | -6.7% |
| Taxes | 450/3 | €167,947 | €132,926 | -€35,020 | -20.9% |
| Remuneration and social security | 454/9 | €2,657,436 | €2,501,785 | -€155,651 | -5.9% |
| Accrued charges and deferred income | 492/3 | €85,291 | €29,505 | -€55,786 | -65.4% |
| Operating income | 70/76A | €20,624,465 | €21,078,170 | +€453,705 | +2.2% |
| Turnover | 70 | €16,463,067 | €17,323,807 | +€860,740 | +5.2% |
| Membership fees, donations, legacies and grants | 73 | €3,555,030 | €3,304,734 | -€250,297 | -7.0% |
| Other operating income | 74 | €375,373 | €401,978 | +€26,605 | +7.1% |
| Non-recurring operating income | 76A | €230,994 | €47,650 | -€183,344 | -79.4% |
| Operating charges | 60/66A | €20,836,523 | €21,618,327 | +€781,805 | +3.8% |
| Goods for resale, raw materials and consumables | 60 | €1,032,048 | €999,253 | -€32,795 | -3.2% |
| Purchases | 600/8 | €995,069 | €1,001,823 | +€6,754 | +0.7% |
| Change in stocks: decrease (increase) | 609 | €36,979 | -€2,570 | -€39,549 | |
| Services and other goods | 61 | €4,634,994 | €5,248,330 | +€613,336 | +13.2% |
| Remuneration, social security and pensions | 62 | €14,662,321 | €14,703,499 | +€41,177 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,080,734 | €1,164,132 | +€83,398 | +7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,487 | €3,816 | +€5,303 | |
| Other operating charges | 640/8 | €18,628 | €10,502 | -€8,126 | -43.6% |
| Non-recurring operating charges | 66A | €46,280 | €94,260 | +€47,979 | +104% |
| Operating profit (loss) | 9901 | -€212,058 | -€540,158 | -€328,100 | -155% |
| Financial income | 75/76B | €490,337 | €315,763 | -€174,574 | -35.6% |
| Recurring financial income | 75 | €490,337 | €315,763 | -€174,574 | -35.6% |
| Income from current assets | 751 | €488,335 | €313,372 | -€174,962 | -35.8% |
| Other financial income | 752/9 | €2,002 | €2,390 | +€388 | +19.4% |
| Financial charges | 65/66B | €568 | €11,544 | +€10,976 | +1,933% |
| Recurring financial charges | 65 | €568 | €11,544 | +€10,976 | +1,933% |
| Debt charges | 650 | €2 | €0 | -€2 | -100% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€8,332 | €0 | +€8,332 | |
| Other financial charges | 652/9 | €8,897 | €11,544 | +€2,646 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €277,711 | -€235,939 | -€513,650 | |
| Income taxes | 67/77 | €216,400 | €163,105 | -€53,295 | -24.6% |
| Taxes | 670/3 | €216,400 | €163,105 | -€53,295 | -24.6% |
| Profit (loss) for the period | 9904 | €61,312 | -€399,044 | -€460,356 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,312 | -€399,044 | -€460,356 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.