TAX SQUARE: 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.
TAX SQUARE
Largest movements
- Cash +€228,888
up €228,888 (+78.7%), from €290,985 to €519,873
mainly Net result for the year (+€242,818) and Depreciation (+€3,099)
- Receivables within one year +€6,436
up €6,436 (+32.7%), from €19,703 to €26,139
of which Other amounts receivable: +€4,090
- Reserves +€242,818
up €242,818 (+92.9%), from €261,472 to €504,290
- Gross operating margin -€31,248
down €31,248 (-8.1%), from €385,052 to €353,805
- Taxes -€9,575
down €9,575 (-8.1%), from €117,826 to €108,251
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 | €321,143 | €559,396 | +€238,254 | +74.2% |
| Fixed assets | 21/28 | €5,461 | €6,872 | +€1,411 | +25.8% |
| Intangible fixed assets | 21 | - | €4,221 | +€4,221 | |
| Tangible fixed assets | 22/27 | €5,461 | €2,652 | -€2,809 | -51.4% |
| Furniture and vehicles | 24 | €5,461 | €2,652 | -€2,809 | -51.4% |
| Current assets | 29/58 | €315,682 | €552,524 | +€236,842 | +75.0% |
| Amounts receivable within one year | 40/41 | €19,703 | €26,139 | +€6,436 | +32.7% |
| Trade receivables | 40 | €17,382 | €19,728 | +€2,346 | +13.5% |
| Other amounts receivable | 41 | €2,321 | €6,411 | +€4,090 | +176.2% |
| Current investments | 50/53 | €4,782 | €5,639 | +€856 | +17.9% |
| Cash at bank and in hand | 54/58 | €290,985 | €519,873 | +€228,888 | +78.7% |
| Deferred charges and accrued income | 490/1 | €211 | €873 | +€661 | +312.8% |
| Total equity and liabilities | 10/49 | €321,143 | €559,396 | +€238,254 | +74.2% |
| Equity | 10/15 | €281,472 | €524,290 | +€242,818 | +86.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €261,472 | €504,290 | +€242,818 | +92.9% |
| Distributable reserves | 133 | €261,472 | €504,290 | +€242,818 | +92.9% |
| Amounts payable | 17/49 | €39,671 | €35,107 | -€4,565 | -11.5% |
| Amounts payable within one year | 42/48 | €39,671 | €35,107 | -€4,565 | -11.5% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €39,671 | €35,107 | -€4,565 | -11.5% |
| Taxes | 450/3 | €39,671 | €35,107 | -€4,565 | -11.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,500 | €3,099 | -€1,402 | -31.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €300 | - | -€300 | |
| Other operating charges | 640/8 | €853 | €603 | -€250 | -29.3% |
| Gross operating margin | 9900 | €385,052 | €353,805 | -€31,248 | -8.1% |
| Operating profit (loss) | 9901 | €379,399 | €350,103 | -€29,296 | -7.7% |
| Financial income | 75/76B | €85 | €1,269 | +€1,184 | +1395.8% |
| Recurring financial income | 75 | €85 | €1,269 | +€1,184 | +1395.8% |
| Financial charges | 65/66B | €186 | €303 | +€117 | +62.6% |
| Recurring financial charges | 65 | €186 | €303 | +€117 | +62.6% |
| Profit (loss) for the period before taxes | 9903 | €379,298 | €351,069 | -€28,228 | -7.4% |
| Income taxes | 67/77 | €117,826 | €108,251 | -€9,575 | -8.1% |
| Profit (loss) for the period | 9904 | €261,472 | €242,818 | -€18,653 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €261,472 | €242,818 | -€18,653 | -7.1% |
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 10 October 2026 via checked.be.