Squid.co: 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.
Squid.co
Largest movements
- Receivables within one year +€86,697
up €86,697 (+158.4%), from €54,720 to €141,417
of which Trade receivables: +€87,650
- Tangible fixed assets -€9,380
down €9,380 (-23.5%), from €39,847 to €30,466
- Cash -€5,939
down €5,939 (-39.1%), from €15,182 to €9,243
mainly Receivables within one year (-€86,697) and Net result for the year (-€76,573)
- Profit (loss) carried forward -€76,573
down €76,573 (-49.4%), from -€155,112 to -€231,685
- Other debts +€61,467
up €61,467 (+87.6%), from €70,194 to €131,660
- Trade debts +€50,923
up €50,923 (+95.0%), from €53,591 to €104,514
- Tax, wage and social debts +€39,566
up €39,566 (+6943.2%), from €570 to €40,135
of which Taxes: +€22,558
- Debts after one year -€7,787
down €7,787 (-6.1%), from €127,836 to €120,049
- Gross operating margin +€143,514
up €143,514, from -€97,104 to €46,410
- Staff costs +€58,258
up €58,258 (+119.1%), from €48,933 to €107,192
- Depreciation +€3,587
up €3,587 (+61.9%), from €5,794 to €9,380
- Financial charges +€3,360
up €3,360 (+140.3%), from €2,395 to €5,755
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 | €116,169 | €187,641 | +€71,472 | +61.5% |
| Fixed assets | 21/28 | €39,847 | €30,466 | -€9,380 | -23.5% |
| Tangible fixed assets | 22/27 | €39,847 | €30,466 | -€9,380 | -23.5% |
| Furniture and vehicles | 24 | €39,847 | €30,466 | -€9,380 | -23.5% |
| Current assets | 29/58 | €76,323 | €157,175 | +€80,852 | +105.9% |
| Amounts receivable within one year | 40/41 | €54,720 | €141,417 | +€86,697 | +158.4% |
| Trade receivables | 40 | €53,767 | €141,417 | +€87,650 | +163.0% |
| Other amounts receivable | 41 | €953 | €0 | -€953 | -100.0% |
| Cash at bank and in hand | 54/58 | €15,182 | €9,243 | -€5,939 | -39.1% |
| Deferred charges and accrued income | 490/1 | €6,421 | €6,515 | +€94 | +1.5% |
| Total equity and liabilities | 10/49 | €116,169 | €187,641 | +€71,472 | +61.5% |
| Equity | 10/15 | -€145,112 | -€221,685 | -€76,573 | -52.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,112 | -€231,685 | -€76,573 | -49.4% |
| Amounts payable | 17/49 | €261,282 | €409,326 | +€148,045 | +56.7% |
| Amounts payable after more than one year | 17 | €127,836 | €120,049 | -€7,787 | -6.1% |
| Financial debts | 170/4 | €127,836 | €120,049 | -€7,787 | -6.1% |
| Amounts payable within one year | 42/48 | €131,859 | €284,096 | +€152,238 | +115.5% |
| Current portion of amounts payable after more than one year | 42 | €7,504 | €7,787 | +€282 | +3.8% |
| Trade debts | 44 | €53,591 | €104,514 | +€50,923 | +95.0% |
| Suppliers | 440/4 | €53,591 | €104,514 | +€50,923 | +95.0% |
| Taxes, remuneration and social security | 45 | €570 | €40,135 | +€39,566 | +6943.2% |
| Taxes | 450/3 | €155 | €22,713 | +€22,558 | +14577.0% |
| Remuneration and social security | 454/9 | €415 | €17,423 | +€17,008 | +4097.2% |
| Other amounts payable | 47/48 | €70,194 | €131,660 | +€61,467 | +87.6% |
| Accrued charges and deferred income | 492/3 | €1,587 | €5,181 | +€3,594 | +226.4% |
| Remuneration, social security and pensions | 62 | €48,933 | €107,192 | +€58,258 | +119.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,794 | €9,380 | +€3,587 | +61.9% |
| Other operating charges | 640/8 | €814 | €709 | -€104 | -12.8% |
| Gross operating margin | 9900 | -€97,104 | €46,410 | +€143,514 | |
| Operating profit (loss) | 9901 | -€152,645 | -€70,872 | +€81,773 | +53.6% |
| Financial income | 75/76B | €1 | €181 | +€180 | +12324.7% |
| Recurring financial income | 75 | €1 | €181 | +€180 | +12324.7% |
| Financial charges | 65/66B | €2,395 | €5,755 | +€3,360 | +140.3% |
| Recurring financial charges | 65 | €2,395 | €5,755 | +€3,360 | +140.3% |
| Profit (loss) for the period before taxes | 9903 | -€155,038 | -€76,446 | +€78,593 | +50.7% |
| Income taxes | 67/77 | €74 | €127 | +€54 | +72.8% |
| Profit (loss) for the period | 9904 | -€155,112 | -€76,573 | +€78,539 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€155,112 | -€76,573 | +€78,539 | +50.6% |
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 11 October 2026 via checked.be.