SQUISH: 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.
SQUISH
Largest movements
- Tangible fixed assets -€88,630
down €88,630 (-89.7%), from €98,810 to €10,180
of which Furniture and vehicles: -€81,923
- Receivables within one year -€41,139
down €41,139 (-97.4%), from €42,237 to €1,098
of which Trade receivables: -€41,389
- Deferred charges and accrued income -€3,346
down €3,346 (-81.6%), from €4,099 to €753
- Debts after one year -€53,147
no longer reported in 2025 (was €53,147)
- Advances received -€41,348
down €41,348 (-97.6%), from €42,348 to €1,000
- Short-term financial debts -€30,000
no longer reported in 2025 (was €30,000)
- Trade debts +€18,582
up €18,582 (+18582.0%), from €100 to €18,682
- Profit (loss) carried forward -€14,957
down €14,957, from €550 to -€14,407
- Depreciation -€26,344
down €26,344 (-76.0%), from €34,656 to €8,312
- Gross operating margin -€1,043
down €1,043 (-20.7%), from €5,029 to €3,986
- Financial charges -€782
down €782 (-16.3%), from €4,803 to €4,021
- Other operating charges +€738
up €738 (+33.7%), from €2,192 to €2,930
- Taxes +€212
up €212 (+138.6%), from €153 to €365
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 | €159,599 | €27,011 | -€132,588 | -83.1% |
| Fixed assets | 21/28 | €98,810 | €10,180 | -€88,630 | -89.7% |
| Tangible fixed assets | 22/27 | €98,810 | €10,180 | -€88,630 | -89.7% |
| Plant, machinery and equipment | 23 | €11,329 | €4,622 | -€6,707 | -59.2% |
| Furniture and vehicles | 24 | €87,481 | €5,558 | -€81,923 | -93.6% |
| Current assets | 29/58 | €60,789 | €16,831 | -€43,958 | -72.3% |
| Amounts receivable within one year | 40/41 | €42,237 | €1,098 | -€41,139 | -97.4% |
| Trade receivables | 40 | €42,055 | €666 | -€41,389 | -98.4% |
| Other amounts receivable | 41 | €182 | €432 | +€250 | +137.4% |
| Cash at bank and in hand | 54/58 | €14,453 | €14,980 | +€527 | +3.6% |
| Deferred charges and accrued income | 490/1 | €4,099 | €753 | -€3,346 | -81.6% |
| Total equity and liabilities | 10/49 | €159,599 | €27,011 | -€132,588 | -83.1% |
| Equity | 10/15 | €16,750 | €1,793 | -€14,957 | -89.3% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €550 | -€14,407 | -€14,957 | |
| Amounts payable | 17/49 | €142,849 | €25,218 | -€117,631 | -82.3% |
| Amounts payable after more than one year | 17 | €53,147 | - | -€53,147 | |
| Financial debts | 170/4 | €53,147 | - | -€53,147 | |
| Amounts payable within one year | 42/48 | €89,702 | €25,218 | -€64,484 | -71.9% |
| Current portion of amounts payable after more than one year | 42 | €13,152 | - | -€13,152 | |
| Financial debts | 43 | €30,000 | - | -€30,000 | |
| Credit institutions | 430/8 | €30,000 | - | -€30,000 | |
| Trade debts | 44 | €100 | €18,682 | +€18,582 | +18582.0% |
| Suppliers | 440/4 | €100 | €18,682 | +€18,582 | +18582.0% |
| Advances received on contracts in progress | 46 | €42,348 | €1,000 | -€41,348 | -97.6% |
| Taxes, remuneration and social security | 45 | €3,650 | €4,968 | +€1,318 | +36.1% |
| Taxes | 450/3 | €3,650 | €4,968 | +€1,318 | +36.1% |
| Other amounts payable | 47/48 | €452 | €568 | +€116 | +25.7% |
| Non-recurring operating income | 76A | €3,240 | €10,397 | +€7,157 | +220.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,656 | €8,312 | -€26,344 | -76.0% |
| Other operating charges | 640/8 | €2,192 | €2,930 | +€738 | +33.7% |
| Non-recurring operating charges | 66A | - | €3,355 | +€3,355 | |
| Gross operating margin | 9900 | €5,029 | €3,986 | -€1,043 | -20.7% |
| Operating profit (loss) | 9901 | -€31,819 | -€10,611 | +€21,208 | +66.7% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €4,803 | €4,021 | -€782 | -16.3% |
| Recurring financial charges | 65 | €4,803 | €4,021 | -€782 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€36,622 | -€14,592 | +€22,030 | +60.2% |
| Income taxes | 67/77 | €153 | €365 | +€212 | +138.6% |
| Profit (loss) for the period | 9904 | -€36,775 | -€14,957 | +€21,818 | +59.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,775 | -€14,957 | +€21,818 | +59.3% |
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 12 October 2026 via checked.be.