W - SQUARE: 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.
W - SQUARE
Largest movements
- Tangible fixed assets +€6,083
up €6,083 (+13.1%), from €46,518 to €52,601
- Cash +€1,153
up €1,153 (+130.3%), from €885 to €2,038
mainly Other debts (+€16,871) and Trade debts (+€10,231)
- Profit (loss) carried forward -€20,040
down €20,040 (-2.8%), from -€710,167 to -€730,207
- Other debts +€16,871
up €16,871 (+2.6%), from €653,242 to €670,113
- Trade debts +€10,231
up €10,231 (+724.6%), from €1,412 to €11,643
- Gross operating margin -€2,805
down €2,805 (-28.3%), from -€9,915 to -€12,720
- Depreciation -€2,073
down €2,073 (-46.5%), from €4,458 to €2,385
- Financial charges -€141
down €141 (-49.8%), from €283 to €142
- Other operating charges -€140
down €140 (-2.9%), from €4,758 to €4,618
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 | €49,180 | €56,416 | +€7,236 | +14.7% |
| Fixed assets | 21/28 | €48,295 | €54,378 | +€6,083 | +12.6% |
| Tangible fixed assets | 22/27 | €46,518 | €52,601 | +€6,083 | +13.1% |
| Land and buildings | 22 | €46,518 | €52,601 | +€6,083 | +13.1% |
| Financial fixed assets | 28 | €1,777 | €1,777 | = | 0.0% |
| Current assets | 29/58 | €885 | €2,038 | +€1,153 | +130.3% |
| Cash at bank and in hand | 54/58 | €885 | €2,038 | +€1,153 | +130.3% |
| Total equity and liabilities | 10/49 | €49,180 | €56,416 | +€7,236 | +14.7% |
| Equity | 10/15 | -€691,550 | -€711,590 | -€20,040 | -2.9% |
| Contributions | 10/11 | €18,617 | €18,617 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€710,167 | -€730,207 | -€20,040 | -2.8% |
| Amounts payable | 17/49 | €740,730 | €768,006 | +€27,276 | +3.7% |
| Amounts payable after more than one year | 17 | €85,905 | €85,905 | = | 0.0% |
| Financial debts | 170/4 | €85,905 | €85,905 | = | 0.0% |
| Amounts payable within one year | 42/48 | €654,825 | €682,101 | +€27,276 | +4.2% |
| Trade debts | 44 | €1,412 | €11,643 | +€10,231 | +724.6% |
| Suppliers | 440/4 | €1,412 | €11,643 | +€10,231 | +724.6% |
| Taxes, remuneration and social security | 45 | €171 | €345 | +€174 | +101.8% |
| Taxes | 450/3 | €171 | €345 | +€174 | +101.8% |
| Other amounts payable | 47/48 | €653,242 | €670,113 | +€16,871 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,458 | €2,385 | -€2,073 | -46.5% |
| Other operating charges | 640/8 | €4,758 | €4,618 | -€140 | -2.9% |
| Gross operating margin | 9900 | -€9,915 | -€12,720 | -€2,805 | -28.3% |
| Operating profit (loss) | 9901 | -€19,131 | -€19,723 | -€592 | -3.1% |
| Financial charges | 65/66B | €283 | €142 | -€141 | -49.8% |
| Recurring financial charges | 65 | €283 | €142 | -€141 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | -€19,414 | -€19,865 | -€451 | -2.3% |
| Income taxes | 67/77 | €179 | €175 | -€4 | -2.2% |
| Profit (loss) for the period | 9904 | -€19,593 | -€20,040 | -€447 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,593 | -€20,040 | -€447 | -2.3% |
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 2 October 2026 via checked.be.