SQUIRREL: what changed
Two fiscal 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.
SQUIRREL
Largest movements
- Deferred charges and accrued income -€1,683
down €1,683 (-9.0%), from €18,652 to €16,968
- Tangible fixed assets -€1,379
down €1,379 (-3.7%), from €37,302 to €35,923
of which Plant, machinery and equipment: -€965
- Cash +€787
up €787 (+28.2%), from €2,786 to €3,573
mainly Deferred charges and accrued income (+€1,683) and Depreciation (+€1,379)
- Other debts -€2,142
down €2,142 (-95.2%), from €2,250 to €108
- Gross operating margin -€885
down €885 (-13.9%), from €6,359 to €5,474
- Depreciation -€755
down €755 (-35.4%), from €2,134 to €1,379
- Other operating charges +€125
up €125 (+3.2%), from €3,929 to €4,053
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 | €58,740 | €56,464 | -€2,275 | -3.9% |
| Fixed assets | 21/28 | €37,302 | €35,923 | -€1,379 | -3.7% |
| Tangible fixed assets | 22/27 | €37,302 | €35,923 | -€1,379 | -3.7% |
| Land and buildings | 22 | €35,100 | €35,100 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,788 | €823 | -€965 | -54.0% |
| Furniture and vehicles | 24 | €414 | €0 | -€414 | -100.0% |
| Current assets | 29/58 | €21,437 | €20,541 | -€896 | -4.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,786 | €3,573 | +€787 | +28.2% |
| Deferred charges and accrued income | 490/1 | €18,652 | €16,968 | -€1,683 | -9.0% |
| Total equity and liabilities | 10/49 | €58,740 | €56,464 | -€2,275 | -3.9% |
| Equity | 10/15 | €56,352 | €56,231 | -€121 | -0.2% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,805 | -€42,926 | -€121 | -0.3% |
| Amounts payable | 17/49 | €2,387 | €233 | -€2,154 | -90.2% |
| Amounts payable within one year | 42/48 | €2,387 | €233 | -€2,154 | -90.2% |
| Trade debts | 44 | €138 | €125 | -€13 | -9.2% |
| Suppliers | 440/4 | €138 | €125 | -€13 | -9.2% |
| Other amounts payable | 47/48 | €2,250 | €108 | -€2,142 | -95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,134 | €1,379 | -€755 | -35.4% |
| Other operating charges | 640/8 | €3,929 | €4,053 | +€125 | +3.2% |
| Gross operating margin | 9900 | €6,359 | €5,474 | -€885 | -13.9% |
| Operating profit (loss) | 9901 | €297 | €42 | -€255 | -85.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €125 | €163 | +€39 | +31.0% |
| Recurring financial charges | 65 | €125 | €163 | +€39 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €172 | -€121 | -€293 | |
| Profit (loss) for the period | 9904 | €172 | -€121 | -€293 | |
| Profit (loss) for the period to be appropriated | 9905 | €172 | -€121 | -€293 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.