VIRGINIE SQUILBIN: 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.
"VIRGINIE SQUILBIN"
Largest movements
- Cash +€134,825
up €134,825 (+141%), from €95,390 to €230,215
mainly Net result for the year (+€82,921) and Receivables within one year (+€74,229)
- Receivables within one year -€74,229
down €74,229 (-73.9%), from €100,397 to €26,168
- Reserves +€83,000
up €83,000 (+37.4%), from €221,800 to €304,800
- Debts after one year -€51,595
down €51,595 (-22.7%), from €226,847 to €175,252
- Tax, wage and social debts +€28,021
up €28,021 (+49.6%), from €56,459 to €84,479
- Gross operating margin -€85,218
down €85,218 (-41.3%), from €206,356 to €121,138
- Taxes -€25,480
down €25,480 (-46.0%), from €55,446 to €29,966
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 | €560,635 | €621,072 | +€60,437 | +10.8% |
| Fixed assets | 21/28 | €364,848 | €364,486 | -€362 | -0.1% |
| Tangible fixed assets | 22/27 | €816 | €453 | -€362 | -44.4% |
| Furniture and vehicles | 24 | €816 | €453 | -€362 | -44.4% |
| Financial fixed assets | 28 | €364,032 | €364,032 | = | 0.0% |
| Current assets | 29/58 | €195,787 | €256,586 | +€60,799 | +31.1% |
| Amounts receivable within one year | 40/41 | €100,397 | €26,168 | -€74,229 | -73.9% |
| Trade receivables | 40 | €100,397 | €26,168 | -€74,229 | -73.9% |
| Cash at bank and in hand | 54/58 | €95,390 | €230,215 | +€134,825 | +141% |
| Deferred charges and accrued income | 490/1 | - | €203 | +€203 | |
| Total equity and liabilities | 10/49 | €560,635 | €621,072 | +€60,437 | +10.8% |
| Equity | 10/15 | €225,383 | €308,304 | +€82,921 | +36.8% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €221,800 | €304,800 | +€83,000 | +37.4% |
| Distributable reserves | 133 | €221,800 | €304,800 | +€83,000 | +37.4% |
| Profit (loss) carried forward | 14 | €83 | €4 | -€79 | -95.4% |
| Amounts payable | 17/49 | €335,252 | €312,768 | -€22,484 | -6.7% |
| Amounts payable after more than one year | 17 | €226,847 | €175,252 | -€51,595 | -22.7% |
| Financial debts | 170/4 | €226,847 | €175,252 | -€51,595 | -22.7% |
| Amounts payable within one year | 42/48 | €108,405 | €137,516 | +€29,111 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €49,898 | €51,595 | +€1,697 | +3.4% |
| Trade debts | 44 | €1,279 | €687 | -€592 | -46.3% |
| Suppliers | 440/4 | €1,279 | €687 | -€592 | -46.3% |
| Taxes, remuneration and social security | 45 | €56,459 | €84,479 | +€28,021 | +49.6% |
| Taxes | 450/3 | €56,459 | €84,479 | +€28,021 | +49.6% |
| Other amounts payable | 47/48 | €769 | €754 | -€15 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271 | €362 | +€91 | +33.6% |
| Other operating charges | 640/8 | €564 | €577 | +€12 | +2.2% |
| Gross operating margin | 9900 | €206,356 | €121,138 | -€85,218 | -41.3% |
| Operating profit (loss) | 9901 | €205,520 | €120,199 | -€85,321 | -41.5% |
| Financial income | 75/76B | €520 | €1,405 | +€885 | +170% |
| Recurring financial income | 75 | €520 | €1,405 | +€885 | +170% |
| Financial charges | 65/66B | €10,381 | €8,717 | -€1,663 | -16.0% |
| Recurring financial charges | 65 | €10,381 | €8,717 | -€1,663 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €195,659 | €112,886 | -€82,773 | -42.3% |
| Income taxes | 67/77 | €55,446 | €29,966 | -€25,480 | -46.0% |
| Profit (loss) for the period | 9904 | €140,213 | €82,921 | -€57,293 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €140,213 | €82,921 | -€57,293 | -40.9% |
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 28 October 2026 via checked.be.