THE SQUARE DOT TEAM: 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 DOT TEAM
Largest movements
- Deferred charges and accrued income -€134,308
down €134,308 (-49.6%), from €270,797 to €136,489
- Receivables within one year -€55,603
down €55,603 (-35.3%), from €157,575 to €101,972
of which Other amounts receivable: -€52,325
- Cash -€16,445
down €16,445 (-98.8%), from €16,638 to €193
mainly Trade debts (-€175,530) and Tax, wage and social debts (-€41,765)
- Trade debts -€175,530
down €175,530 (-58.4%), from €300,674 to €125,144
- Tax, wage and social debts -€41,765
no longer reported in 2025 (was €41,765)
- Other debts -€16,900
down €16,900 (-36.0%), from €46,900 to €30,000
- Short-term financial debts +€10,428
new in 2025: €10,428
- Profit (loss) carried forward +€9,541
up €9,541 (+11.0%), from €86,853 to €96,394
- Gross operating margin -€55,080
down €55,080 (-43.2%), from €127,449 to €72,369
- Taxes -€14,699
down €14,699 (-47.8%), from €30,754 to €16,055
- Other operating charges +€8,706
up €8,706 (+804%), from €1,083 to €9,789
- Financial income -€2,036
down €2,036 (-42.5%), from €4,794 to €2,758
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 | €478,943 | €269,222 | -€209,721 | -43.8% |
| Fixed assets | 21/28 | €13,620 | €10,255 | -€3,365 | -24.7% |
| Intangible fixed assets | 21 | €9,582 | €9,333 | -€249 | -2.6% |
| Tangible fixed assets | 22/27 | €3,634 | €718 | -€2,916 | -80.2% |
| Furniture and vehicles | 24 | €3,634 | €718 | -€2,916 | -80.2% |
| Financial fixed assets | 28 | €404 | €204 | -€200 | -49.5% |
| Current assets | 29/58 | €465,323 | €258,967 | -€206,356 | -44.3% |
| Amounts receivable within one year | 40/41 | €157,575 | €101,972 | -€55,603 | -35.3% |
| Trade receivables | 40 | €47,808 | €44,530 | -€3,278 | -6.9% |
| Other amounts receivable | 41 | €109,767 | €57,442 | -€52,325 | -47.7% |
| Current investments | 50/53 | €20,313 | €20,313 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,638 | €193 | -€16,445 | -98.8% |
| Deferred charges and accrued income | 490/1 | €270,797 | €136,489 | -€134,308 | -49.6% |
| Total equity and liabilities | 10/49 | €478,943 | €269,222 | -€209,721 | -43.8% |
| Equity | 10/15 | €88,853 | €98,394 | +€9,541 | +10.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,853 | €96,394 | +€9,541 | +11.0% |
| Amounts payable | 17/49 | €390,090 | €170,828 | -€219,262 | -56.2% |
| Amounts payable within one year | 42/48 | €389,339 | €165,572 | -€223,767 | -57.5% |
| Financial debts | 43 | - | €10,428 | +€10,428 | |
| Credit institutions | 430/8 | - | €10,428 | +€10,428 | |
| Trade debts | 44 | €300,674 | €125,144 | -€175,530 | -58.4% |
| Suppliers | 440/4 | €300,674 | €125,144 | -€175,530 | -58.4% |
| Taxes, remuneration and social security | 45 | €41,765 | - | -€41,765 | |
| Taxes | 450/3 | €41,765 | - | -€41,765 | |
| Other amounts payable | 47/48 | €46,900 | €30,000 | -€16,900 | -36.0% |
| Accrued charges and deferred income | 492/3 | €751 | €5,256 | +€4,505 | +600% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,048 | €6,327 | -€721 | -10.2% |
| Other operating charges | 640/8 | €1,083 | €9,789 | +€8,706 | +804% |
| Gross operating margin | 9900 | €127,449 | €72,369 | -€55,080 | -43.2% |
| Operating profit (loss) | 9901 | €119,318 | €56,253 | -€63,065 | -52.9% |
| Financial income | 75/76B | €4,794 | €2,758 | -€2,036 | -42.5% |
| Recurring financial income | 75 | €4,794 | €2,758 | -€2,036 | -42.5% |
| Financial charges | 65/66B | €2,698 | €3,415 | +€717 | +26.6% |
| Recurring financial charges | 65 | €2,698 | €3,415 | +€717 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | €121,414 | €55,596 | -€65,818 | -54.2% |
| Income taxes | 67/77 | €30,754 | €16,055 | -€14,699 | -47.8% |
| Profit (loss) for the period | 9904 | €90,660 | €39,541 | -€51,119 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €90,660 | €39,541 | -€51,119 | -56.4% |
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 23 October 2026 via checked.be.