Toolsquare: what changed
Two fiscal 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.
Toolsquare
Largest movements
- Cash +€101,843
up €101,843 (+68.0%), from €149,756 to €251,599
mainly Contributions, distributions and other (+€250,000) and Depreciation (+€112,415)
- Receivables within one year +€57,066
up €57,066 (+468.6%), from €12,178 to €69,244
of which Trade receivables: +€47,389
- Intangible fixed assets +€34,216
up €34,216 (+11.2%), from €306,230 to €340,446
- Stocks and contracts -€25,373
down €25,373 (-48.6%), from €52,182 to €26,809
- Deferred charges and accrued income +€8,315
up €8,315 (+1485.1%), from €560 to €8,875
- Contributions +€250,000
up €250,000 (+24.6%), from €1.0m to €1.3m
- Profit (loss) carried forward -€97,118
down €97,118 (-10.3%), from -€946,975 to -€1.0m
- Trade debts +€93,772
up €93,772 (+69.8%), from €134,389 to €228,161
- Debts after one year -€44,187
down €44,187 (-22.5%), from €196,513 to €152,327
- Current portion of long-term debt -€24,796
down €24,796 (-35.9%), from €68,982 to €44,187
- Gross operating margin +€50,346
up €50,346 (+207.1%), from €24,304 to €74,650
- Staff costs -€27,751
down €27,751 (-39.6%), from €70,094 to €42,343
- Depreciation +€22,539
up €22,539 (+25.1%), from €89,876 to €112,415
- Financial charges -€2,451
down €2,451 (-13.7%), from €17,951 to €15,500
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 | €530,502 | €704,051 | +€173,548 | +32.7% |
| Fixed assets | 21/28 | €315,827 | €347,524 | +€31,697 | +10.0% |
| Intangible fixed assets | 21 | €306,230 | €340,446 | +€34,216 | +11.2% |
| Tangible fixed assets | 22/27 | €6,603 | €4,084 | -€2,519 | -38.1% |
| Plant, machinery and equipment | 23 | €3,335 | €1,768 | -€1,566 | -47.0% |
| Furniture and vehicles | 24 | €3,268 | €2,316 | -€952 | -29.1% |
| Financial fixed assets | 28 | €2,994 | €2,994 | = | 0.0% |
| Current assets | 29/58 | €214,675 | €356,527 | +€141,851 | +66.1% |
| Stocks and contracts in progress | 3 | €52,182 | €26,809 | -€25,373 | -48.6% |
| Stocks | 30/36 | €52,182 | €26,809 | -€25,373 | -48.6% |
| Amounts receivable within one year | 40/41 | €12,178 | €69,244 | +€57,066 | +468.6% |
| Trade receivables | 40 | €11,765 | €59,154 | +€47,389 | +402.8% |
| Other amounts receivable | 41 | €413 | €10,090 | +€9,677 | +2345.1% |
| Cash at bank and in hand | 54/58 | €149,756 | €251,599 | +€101,843 | +68.0% |
| Deferred charges and accrued income | 490/1 | €560 | €8,875 | +€8,315 | +1485.1% |
| Total equity and liabilities | 10/49 | €530,502 | €704,051 | +€173,548 | +32.7% |
| Equity | 10/15 | €69,017 | €221,899 | +€152,882 | +221.5% |
| Contributions | 10/11 | €1,015,992 | €1,265,992 | +€250,000 | +24.6% |
| Profit (loss) carried forward | 14 | -€946,975 | -€1,044,093 | -€97,118 | -10.3% |
| Amounts payable | 17/49 | €461,485 | €482,151 | +€20,666 | +4.5% |
| Amounts payable after more than one year | 17 | €196,513 | €152,327 | -€44,187 | -22.5% |
| Financial debts | 170/4 | €196,513 | €152,327 | -€44,187 | -22.5% |
| Amounts payable within one year | 42/48 | €260,887 | €324,740 | +€63,853 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €68,982 | €44,187 | -€24,796 | -35.9% |
| Financial debts | 43 | €2,840 | €2,801 | -€40 | -1.4% |
| Credit institutions | 430/8 | €2,840 | €2,801 | -€40 | -1.4% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €134,389 | €228,161 | +€93,772 | +69.8% |
| Suppliers | 440/4 | €134,389 | €228,161 | +€93,772 | +69.8% |
| Taxes, remuneration and social security | 45 | €23,375 | €9,591 | -€13,784 | -59.0% |
| Taxes | 450/3 | €1,514 | €356 | -€1,157 | -76.5% |
| Remuneration and social security | 454/9 | €21,861 | €9,235 | -€12,627 | -57.8% |
| Other amounts payable | 47/48 | €31,300 | €40,000 | +€8,700 | +27.8% |
| Accrued charges and deferred income | 492/3 | €4,085 | €5,085 | +€1,000 | +24.5% |
| Remuneration, social security and pensions | 62 | €70,094 | €42,343 | -€27,751 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,876 | €112,415 | +€22,539 | +25.1% |
| Other operating charges | 640/8 | €1,759 | €1,786 | +€27 | +1.6% |
| Gross operating margin | 9900 | €24,304 | €74,650 | +€50,346 | +207.1% |
| Operating profit (loss) | 9901 | -€137,425 | -€81,894 | +€55,531 | +40.4% |
| Financial income | 75/76B | €25 | €565 | +€540 | +2192.5% |
| Recurring financial income | 75 | €25 | €565 | +€540 | +2192.5% |
| Financial charges | 65/66B | €17,951 | €15,500 | -€2,451 | -13.7% |
| Recurring financial charges | 65 | €17,951 | €15,500 | -€2,451 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€155,351 | -€96,830 | +€58,522 | +37.7% |
| Income taxes | 67/77 | €382 | €288 | -€94 | -24.5% |
| Profit (loss) for the period | 9904 | -€155,733 | -€97,118 | +€58,615 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€155,733 | -€97,118 | +€58,615 | +37.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.