SQUIT: what changed
What changed
SQUIT
NACE 62.200, Computer consultancy and computer facilities management
filed annual accounts (NBB)
Net result for the year
€11,535
2024 · €14,992-€3,457
Equity
€106,177
2024 · €115,810-€9,633
Cash
€37,696
2024 · €59,489-€21,793
Balance sheet total
€107,369
2024 · €123,188-€15,819
Largest movements
Assets
- Cash -€21,793
down €21,793 (-36.6%), from €59,489 to €37,696
mainly Contributions, distributions and other (-€21,168) and Receivables within one year (-€14,150)
- Receivables within one year +€14,150
up €14,150 (+89.7%), from €15,783 to €29,933
of which Other amounts receivable: +€19,189
- Current investments -€6,936
down €6,936 (-15.7%), from €44,225 to €37,289
Equity and liabilities
- Reserves -€9,633
down €9,633 (-9.4%), from €102,021 to €92,387
of which Distributable reserves: -€9,633
- Advances received -€4,247
no longer reported in 2025 (was €4,247)
Income statement
- Gross operating margin -€4,428
down €4,428 (-17.8%), from €24,902 to €20,473
- Taxes -€766
down €766 (-9.3%), from €8,235 to €7,468
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€14,992
Gross operating margin
-€4,428
Depreciation
+€107
Other operating charges
+€98
Financial income
+€9
Financial charges
-€9
Taxes
+€766
Result 2025
€11,535
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€7,561
Investment
+€6,936
Financing
-€21,168
Cash 2024
€59,489
From operations (derived)
-€7,561
Net result for the year
+€11,535
Depreciation
+€880
Stocks and contracts
+€360
Receivables within one year
-€14,150
Trade debts
-€996
Tax, wage and social debts
-€683
Advances received
-€4,247
Other debts
-€259
Investment (derived)
+€6,936
Investment in fixed assets (net)
-€0
Current investments
+€6,936
Financing
-€21,168
Contributions, distributions and other
-€21,168
Cash 2025
€37,696
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,188 | €107,369 | -€15,819 | -12.8% |
| Fixed assets | 21/28 | €3,034 | €2,154 | -€880 | -29.0% |
| Tangible fixed assets | 22/27 | €3,034 | €2,154 | -€880 | -29.0% |
| Land and buildings | 22 | €1,965 | €1,725 | -€240 | -12.2% |
| Furniture and vehicles | 24 | €1,069 | €429 | -€640 | -59.8% |
| Current assets | 29/58 | €120,154 | €105,215 | -€14,939 | -12.4% |
| Stocks and contracts in progress | 3 | €656 | €297 | -€360 | -54.8% |
| Stocks | 30/36 | €656 | €297 | -€360 | -54.8% |
| Amounts receivable within one year | 40/41 | €15,783 | €29,933 | +€14,150 | +89.7% |
| Trade receivables | 40 | €12,445 | €7,406 | -€5,039 | -40.5% |
| Other amounts receivable | 41 | €3,338 | €22,527 | +€19,189 | +575% |
| Current investments | 50/53 | €44,225 | €37,289 | -€6,936 | -15.7% |
| Cash at bank and in hand | 54/58 | €59,489 | €37,696 | -€21,793 | -36.6% |
| Total equity and liabilities | 10/49 | €123,188 | €107,369 | -€15,819 | -12.8% |
| Equity | 10/15 | €115,810 | €106,177 | -€9,633 | -8.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €102,021 | €92,387 | -€9,633 | -9.4% |
| Tax-exempt reserves | 132 | €2,074 | €2,074 | = | 0.0% |
| Distributable reserves | 133 | €99,946 | €90,313 | -€9,633 | -9.6% |
| Profit (loss) carried forward | 14 | €1,389 | €1,389 | = | 0.0% |
| Amounts payable | 17/49 | €7,378 | €1,192 | -€6,186 | -83.8% |
| Amounts payable within one year | 42/48 | €7,378 | €1,192 | -€6,186 | -83.8% |
| Trade debts | 44 | €1,452 | €456 | -€996 | -68.6% |
| Suppliers | 440/4 | €1,452 | €456 | -€996 | -68.6% |
| Advances received on contracts in progress | 46 | €4,247 | - | -€4,247 | |
| Taxes, remuneration and social security | 45 | €1,420 | €736 | -€683 | -48.1% |
| Taxes | 450/3 | €1,420 | €598 | -€821 | -57.9% |
| Remuneration and social security | 454/9 | - | €138 | +€138 | |
| Other amounts payable | 47/48 | €259 | - | -€259 | |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €988 | €880 | -€107 | -10.9% |
| Other operating charges | 640/8 | €691 | €593 | -€98 | -14.2% |
| Gross operating margin | 9900 | €24,902 | €20,473 | -€4,428 | -17.8% |
| Operating profit (loss) | 9901 | €23,222 | €19,000 | -€4,223 | -18.2% |
| Financial income | 75/76B | €68 | €76 | +€9 | +13.0% |
| Recurring financial income | 75 | €68 | €76 | +€9 | +13.0% |
| Financial charges | 65/66B | €64 | €73 | +€9 | +14.4% |
| Recurring financial charges | 65 | €64 | €73 | +€9 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €23,227 | €19,003 | -€4,223 | -18.2% |
| Income taxes | 67/77 | €8,235 | €7,468 | -€766 | -9.3% |
| Profit (loss) for the period | 9904 | €14,992 | €11,535 | -€3,457 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,992 | €11,535 | -€3,457 | -23.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.