Unsquared: 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.
Unsquared
Largest movements
- Cash +€19,409
up €19,409 (+71.1%), from €27,295 to €46,704
mainly Net result for the year (+€51,819) and Other debts (+€30,703)
- Tangible fixed assets -€9,267
down €9,267 (-20.9%), from €44,324 to €35,057
of which Furniture and vehicles: -€8,630
- Receivables within one year +€3,872
up €3,872 (+16.4%), from €23,625 to €27,497
of which Trade receivables: +€4,734
- Reserves -€31,238
down €31,238 (-100.0%), from €31,238 to €0
- Other debts +€30,703
up €30,703 (+68.0%), from €45,175 to €75,878
- Tax, wage and social debts +€14,241
up €14,241 (+1457.4%), from €977 to €15,218
- Gross operating margin +€28,818
up €28,818 (+55.4%), from €52,060 to €80,878
- Taxes +€7,064
up €7,064 (+63.1%), from €11,203 to €18,267
- Depreciation +€1,877
up €1,877 (+21.6%), from €8,678 to €10,555
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 | €96,294 | €110,008 | +€13,714 | +14.2% |
| Fixed assets | 21/28 | €45,074 | €35,807 | -€9,267 | -20.6% |
| Tangible fixed assets | 22/27 | €44,324 | €35,057 | -€9,267 | -20.9% |
| Plant, machinery and equipment | 23 | €103 | €0 | -€103 | -100.0% |
| Furniture and vehicles | 24 | €40,023 | €31,393 | -€8,630 | -21.6% |
| Other tangible fixed assets | 26 | €4,198 | €3,664 | -€534 | -12.7% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €51,220 | €74,202 | +€22,981 | +44.9% |
| Amounts receivable within one year | 40/41 | €23,625 | €27,497 | +€3,872 | +16.4% |
| Trade receivables | 40 | €22,763 | €27,497 | +€4,734 | +20.8% |
| Other amounts receivable | 41 | €862 | €0 | -€862 | -100.0% |
| Cash at bank and in hand | 54/58 | €27,295 | €46,704 | +€19,409 | +71.1% |
| Deferred charges and accrued income | 490/1 | €300 | €0 | -€300 | -100.0% |
| Total equity and liabilities | 10/49 | €96,294 | €110,008 | +€13,714 | +14.2% |
| Equity | 10/15 | €49,838 | €18,600 | -€31,238 | -62.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,238 | €0 | -€31,238 | -100.0% |
| Distributable reserves | 133 | €31,238 | €0 | -€31,238 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,456 | €91,408 | +€44,953 | +96.8% |
| Amounts payable within one year | 42/48 | €46,456 | €91,408 | +€44,953 | +96.8% |
| Trade debts | 44 | €304 | €312 | +€8 | +2.7% |
| Suppliers | 440/4 | €304 | €312 | +€8 | +2.7% |
| Taxes, remuneration and social security | 45 | €977 | €15,218 | +€14,241 | +1457.4% |
| Taxes | 450/3 | €977 | €15,218 | +€14,241 | +1457.4% |
| Other amounts payable | 47/48 | €45,175 | €75,878 | +€30,703 | +68.0% |
| Remuneration, social security and pensions | 62 | €56 | €0 | -€56 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,678 | €10,555 | +€1,877 | +21.6% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Non-recurring operating charges | 66A | €874 | €0 | -€874 | -100.0% |
| Gross operating margin | 9900 | €52,060 | €80,878 | +€28,818 | +55.4% |
| Operating profit (loss) | 9901 | €42,312 | €70,179 | +€27,867 | +65.9% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.4% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.4% |
| Financial charges | 65/66B | €202 | €93 | -€109 | -53.9% |
| Recurring financial charges | 65 | €202 | €93 | -€109 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €42,112 | €70,086 | +€27,975 | +66.4% |
| Income taxes | 67/77 | €11,203 | €18,267 | +€7,064 | +63.1% |
| Profit (loss) for the period | 9904 | €30,909 | €51,819 | +€20,911 | +67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,909 | €51,819 | +€20,911 | +67.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.