SQUEEZE IT: 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.
SQUEEZE IT
Largest movements
- Cash -€21,828
down €21,828 (-34.4%), from €63,529 to €41,701
mainly Debts after one year (-€66,195) and Tax, wage and social debts (-€15,817)
- Tangible fixed assets -€13,692
down €13,692 (-18.2%), from €75,068 to €61,376
of which Land and buildings: -€12,474
- Debts after one year -€66,195
down €66,195 (-10.2%), from €650,967 to €584,772
- Reserves +€42,621
up €42,621 (+20.9%), from €203,447 to €246,068
- Tax, wage and social debts -€15,817
down €15,817 (-92.6%), from €17,088 to €1,271
- Gross operating margin -€56,650
down €56,650 (-58.4%), from €96,963 to €40,313
- Financial income +€30,000
up €30,000 (+100.0%), from €30,010 to €60,010
- Taxes -€10,073
down €10,073 (-69.5%), from €14,503 to €4,430
- Financial charges -€2,514
down €2,514 (-6.8%), from €37,190 to €34,676
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,066,704 | €1,036,779 | -€29,925 | -2.8% |
| Fixed assets | 21/28 | €985,050 | €971,358 | -€13,692 | -1.4% |
| Tangible fixed assets | 22/27 | €75,068 | €61,376 | -€13,692 | -18.2% |
| Land and buildings | 22 | €68,103 | €55,629 | -€12,474 | -18.3% |
| Other tangible fixed assets | 26 | €6,965 | €5,747 | -€1,218 | -17.5% |
| Financial fixed assets | 28 | €909,982 | €909,982 | = | 0.0% |
| Current assets | 29/58 | €81,653 | €65,421 | -€16,233 | -19.9% |
| Amounts receivable within one year | 40/41 | €15,440 | €21,009 | +€5,570 | +36.1% |
| Trade receivables | 40 | €15,440 | €15,440 | = | 0.0% |
| Other amounts receivable | 41 | - | €5,570 | +€5,570 | |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,529 | €41,701 | -€21,828 | -34.4% |
| Deferred charges and accrued income | 490/1 | €2,435 | €2,460 | +€25 | +1.0% |
| Total equity and liabilities | 10/49 | €1,066,704 | €1,036,779 | -€29,925 | -2.8% |
| Equity | 10/15 | €258,524 | €301,146 | +€42,621 | +16.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €203,447 | €246,068 | +€42,621 | +20.9% |
| Distributable reserves | 133 | €203,447 | €246,068 | +€42,621 | +20.9% |
| Profit (loss) carried forward | 14 | €35,078 | €35,078 | = | 0.0% |
| Amounts payable | 17/49 | €808,179 | €735,633 | -€72,546 | -9.0% |
| Amounts payable after more than one year | 17 | €650,967 | €584,772 | -€66,195 | -10.2% |
| Financial debts | 170/4 | €650,967 | €584,772 | -€66,195 | -10.2% |
| Amounts payable within one year | 42/48 | €153,536 | €147,145 | -€6,391 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €63,363 | €66,195 | +€2,832 | +4.5% |
| Trade debts | 44 | €2,711 | €5,090 | +€2,379 | +87.7% |
| Suppliers | 440/4 | €2,711 | €5,090 | +€2,379 | +87.7% |
| Taxes, remuneration and social security | 45 | €17,088 | €1,271 | -€15,817 | -92.6% |
| Taxes | 450/3 | €17,088 | €1,271 | -€15,817 | -92.6% |
| Other amounts payable | 47/48 | €70,374 | €74,589 | +€4,215 | +6.0% |
| Accrued charges and deferred income | 492/3 | €3,676 | €3,716 | +€40 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,868 | €13,692 | -€176 | -1.3% |
| Other operating charges | 640/8 | €4,161 | €4,903 | +€742 | +17.8% |
| Gross operating margin | 9900 | €96,963 | €40,313 | -€56,650 | -58.4% |
| Operating profit (loss) | 9901 | €78,935 | €21,718 | -€57,217 | -72.5% |
| Financial income | 75/76B | €30,010 | €60,010 | +€30,000 | +100.0% |
| Recurring financial income | 75 | €30,010 | €60,010 | +€30,000 | +100.0% |
| Financial charges | 65/66B | €37,190 | €34,676 | -€2,514 | -6.8% |
| Recurring financial charges | 65 | €37,190 | €34,676 | -€2,514 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €71,754 | €47,052 | -€24,703 | -34.4% |
| Income taxes | 67/77 | €14,503 | €4,430 | -€10,073 | -69.5% |
| Profit (loss) for the period | 9904 | €57,251 | €42,621 | -€14,630 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,251 | €42,621 | -€14,630 | -25.6% |
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 23 October 2026 via checked.be.