THE 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.
THE SQUARE
Largest movements
- Receivables within one year -€1,274
down €1,274 (-4.3%), from €29,840 to €28,566
of which Trade receivables: -€1,023
- Cash -€1,111
down €1,111 (-96.9%), from €1,147 to €36
mainly Trade debts (-€1,695) and Net result for the year (-€689)
- Trade debts -€1,695
down €1,695 (-16.2%), from €10,470 to €8,775
- Profit (loss) carried forward -€689
down €689 (-1.2%), from -€57,114 to -€57,803
- Gross operating margin -€3,792
down €3,792, from €3,423 to -€369
- Other operating charges -€385
down €385 (-76.3%), from €505 to €120
- Financial charges -€95
down €95 (-32.2%), from €296 to €201
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 | €31,148 | €28,763 | -€2,385 | -7.7% |
| Fixed assets | 21/28 | €162 | €162 | = | 0.0% |
| Financial fixed assets | 28 | €162 | €162 | = | 0.0% |
| Current assets | 29/58 | €30,986 | €28,602 | -€2,385 | -7.7% |
| Amounts receivable within one year | 40/41 | €29,840 | €28,566 | -€1,274 | -4.3% |
| Trade receivables | 40 | €26,259 | €25,236 | -€1,023 | -3.9% |
| Other amounts receivable | 41 | €3,581 | €3,330 | -€251 | -7.0% |
| Cash at bank and in hand | 54/58 | €1,147 | €36 | -€1,111 | -96.9% |
| Total equity and liabilities | 10/49 | €31,148 | €28,763 | -€2,385 | -7.7% |
| Equity | 10/15 | €10,656 | €9,967 | -€689 | -6.5% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €53,570 | €53,570 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €0 | -€1,855 | -100.0% |
| Reserves not available under the articles | 1311 | €1,855 | €0 | -€1,855 | -100.0% |
| Distributable reserves | 133 | €51,715 | €53,570 | +€1,855 | +3.6% |
| Profit (loss) carried forward | 14 | -€57,114 | -€57,803 | -€689 | -1.2% |
| Amounts payable | 17/49 | €20,491 | €18,796 | -€1,695 | -8.3% |
| Amounts payable within one year | 42/48 | €20,491 | €18,796 | -€1,695 | -8.3% |
| Trade debts | 44 | €10,470 | €8,775 | -€1,695 | -16.2% |
| Suppliers | 440/4 | €10,470 | €8,775 | -€1,695 | -16.2% |
| Other amounts payable | 47/48 | €10,021 | €10,021 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €120 | -€385 | -76.3% |
| Gross operating margin | 9900 | €3,423 | -€369 | -€3,792 | |
| Operating profit (loss) | 9901 | €2,918 | -€489 | -€3,407 | |
| Financial income | 75/76B | €8 | €0 | -€8 | -100.0% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -100.0% |
| Financial charges | 65/66B | €296 | €201 | -€95 | -32.2% |
| Recurring financial charges | 65 | €296 | €201 | -€95 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €2,629 | -€689 | -€3,319 | |
| Profit (loss) for the period | 9904 | €2,629 | -€689 | -€3,319 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,629 | -€689 | -€3,319 |
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 9 October 2026 via checked.be.