TEN 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.
TEN SQUARE
Largest movements
- Current investments +€29,759
new in 2025: €29,759
- Cash -€7,567
down €7,567 (-9.6%), from €78,780 to €71,212
mainly Contributions, distributions and other (-€70,000) and Current investments (-€29,759)
- Tangible fixed assets -€5,631
down €5,631 (-78.9%), from €7,136 to €1,505
of which Furniture and vehicles: -€4,822
- Other debts +€8,431
up €8,431 (+12.6%), from €66,908 to €75,339
- Profit (loss) carried forward +€5,676
up €5,676 (+67.5%), from €8,413 to €14,090
- Tax, wage and social debts +€1,640
up €1,640 (+14.3%), from €11,470 to €13,110
of which Taxes: +€1,640
- Gross operating margin +€10,273
up €10,273 (+11.2%), from €91,345 to €101,618
- Depreciation -€4,920
down €4,920 (-46.6%), from €10,551 to €5,631
- Taxes +€3,028
up €3,028 (+18.4%), from €16,454 to €19,482
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 | €88,293 | €104,612 | +€16,319 | +18.5% |
| Fixed assets | 21/28 | €7,136 | €1,505 | -€5,631 | -78.9% |
| Tangible fixed assets | 22/27 | €7,136 | €1,505 | -€5,631 | -78.9% |
| Plant, machinery and equipment | 23 | €2,313 | €1,505 | -€809 | -35.0% |
| Furniture and vehicles | 24 | €4,822 | €0 | -€4,822 | -100% |
| Current assets | 29/58 | €81,157 | €103,107 | +€21,950 | +27.0% |
| Amounts receivable within one year | 40/41 | €687 | €424 | -€263 | -38.3% |
| Trade receivables | 40 | €362 | €271 | -€91 | -25.1% |
| Other amounts receivable | 41 | €325 | €153 | -€172 | -53.0% |
| Current investments | 50/53 | - | €29,759 | +€29,759 | |
| Cash at bank and in hand | 54/58 | €78,780 | €71,212 | -€7,567 | -9.6% |
| Deferred charges and accrued income | 490/1 | €1,691 | €1,712 | +€21 | +1.3% |
| Total equity and liabilities | 10/49 | €88,293 | €104,612 | +€16,319 | +18.5% |
| Equity | 10/15 | €9,413 | €15,090 | +€5,676 | +60.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,413 | €14,090 | +€5,676 | +67.5% |
| Amounts payable | 17/49 | €78,880 | €89,522 | +€10,642 | +13.5% |
| Amounts payable within one year | 42/48 | €78,880 | €89,522 | +€10,642 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €501 | €1,073 | +€572 | +114% |
| Suppliers | 440/4 | €501 | €1,073 | +€572 | +114% |
| Taxes, remuneration and social security | 45 | €11,470 | €13,110 | +€1,640 | +14.3% |
| Taxes | 450/3 | €8,670 | €10,310 | +€1,640 | +18.9% |
| Remuneration and social security | 454/9 | €2,800 | €2,800 | = | 0.0% |
| Other amounts payable | 47/48 | €66,908 | €75,339 | +€8,431 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,551 | €5,631 | -€4,920 | -46.6% |
| Other operating charges | 640/8 | €812 | €591 | -€220 | -27.2% |
| Gross operating margin | 9900 | €91,345 | €101,618 | +€10,273 | +11.2% |
| Operating profit (loss) | 9901 | €79,982 | €95,396 | +€15,414 | +19.3% |
| Financial income | 75/76B | €0 | €53 | +€53 | +531,900% |
| Recurring financial income | 75 | €0 | €53 | +€53 | +531,900% |
| Financial charges | 65/66B | €92 | €290 | +€198 | +214% |
| Recurring financial charges | 65 | €92 | €290 | +€198 | +214% |
| Profit (loss) for the period before taxes | 9903 | €79,890 | €95,158 | +€15,269 | +19.1% |
| Income taxes | 67/77 | €16,454 | €19,482 | +€3,028 | +18.4% |
| Profit (loss) for the period | 9904 | €63,436 | €75,676 | +€12,240 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,436 | €75,676 | +€12,240 | +19.3% |
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 15 October 2026 via checked.be.