T-SQUARE CONSULTING: 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.
T-SQUARE CONSULTING
Largest movements
- Cash +€41,708
up €41,708 (+186%), from €22,409 to €64,118
mainly Net result for the year (+€178,941) and Receivables within one year (+€23,223)
- Receivables within one year -€23,223
down €23,223 (-100%), from €23,223 to €0
- Tangible fixed assets -€15,540
down €15,540 (-34.6%), from €44,919 to €29,378
of which Furniture and vehicles: -€13,378
- Current investments -€12,000
down €12,000 (-100%), from €12,000 to €0
- Tax, wage and social debts -€39,741
down €39,741 (-72.7%), from €54,682 to €14,941
of which Taxes: -€39,741
- Profit (loss) carried forward +€28,941
up €28,941 (+112%), from €25,735 to €54,676
- Contributions -€1,860
down €1,860 (-9.1%), from €20,460 to €18,600
- Reserves +€1,860
up €1,860 (+862%), from €216 to €2,076
of which Distributable reserves: +€1,860
- Gross operating margin -€133,262
down €133,262 (-34.8%), from €382,624 to €249,362
- Taxes -€34,113
down €34,113 (-38.6%), from €88,337 to €54,224
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 | €103,692 | €94,269 | -€9,423 | -9.1% |
| Fixed assets | 21/28 | €44,919 | €29,378 | -€15,540 | -34.6% |
| Tangible fixed assets | 22/27 | €44,919 | €29,378 | -€15,540 | -34.6% |
| Plant, machinery and equipment | 23 | €2,760 | €598 | -€2,162 | -78.3% |
| Furniture and vehicles | 24 | €42,159 | €28,780 | -€13,378 | -31.7% |
| Current assets | 29/58 | €58,773 | €64,890 | +€6,117 | +10.4% |
| Amounts receivable within one year | 40/41 | €23,223 | €0 | -€23,223 | -100% |
| Trade receivables | 40 | €23,223 | €0 | -€23,223 | -100% |
| Current investments | 50/53 | €12,000 | €0 | -€12,000 | -100% |
| Cash at bank and in hand | 54/58 | €22,409 | €64,118 | +€41,708 | +186% |
| Deferred charges and accrued income | 490/1 | €1,140 | €773 | -€368 | -32.3% |
| Total equity and liabilities | 10/49 | €103,692 | €94,269 | -€9,423 | -9.1% |
| Equity | 10/15 | €46,411 | €75,352 | +€28,941 | +62.4% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €216 | €2,076 | +€1,860 | +862% |
| Tax-exempt reserves | 132 | €216 | €216 | = | 0.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €25,735 | €54,676 | +€28,941 | +112% |
| Amounts payable | 17/49 | €57,281 | €18,917 | -€38,364 | -67.0% |
| Amounts payable within one year | 42/48 | €57,281 | €18,917 | -€38,364 | -67.0% |
| Trade debts | 44 | €1,813 | €2,159 | +€346 | +19.1% |
| Suppliers | 440/4 | €1,813 | €2,159 | +€346 | +19.1% |
| Taxes, remuneration and social security | 45 | €54,682 | €14,941 | -€39,741 | -72.7% |
| Taxes | 450/3 | €54,682 | €14,941 | -€39,741 | -72.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €786 | €1,817 | +€1,031 | +131% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,886 | €15,540 | -€346 | -2.2% |
| Other operating charges | 640/8 | €1,105 | €1,350 | +€245 | +22.2% |
| Gross operating margin | 9900 | €382,624 | €249,362 | -€133,262 | -34.8% |
| Operating profit (loss) | 9901 | €365,632 | €232,472 | -€133,161 | -36.4% |
| Financial income | 75/76B | €2,904 | €880 | -€2,025 | -69.7% |
| Recurring financial income | 75 | €2,904 | €880 | -€2,025 | -69.7% |
| Financial charges | 65/66B | €166 | €186 | +€20 | +12.3% |
| Recurring financial charges | 65 | €166 | €186 | +€20 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €368,371 | €233,165 | -€135,206 | -36.7% |
| Income taxes | 67/77 | €88,337 | €54,224 | -€34,113 | -38.6% |
| Profit (loss) for the period | 9904 | €280,033 | €178,941 | -€101,092 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €280,033 | €178,941 | -€101,092 | -36.1% |
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 19 October 2026 via checked.be.