Square-t: 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.
Square-t
Largest movements
- Tangible fixed assets -€17,479
down €17,479 (-33.8%), from €51,671 to €34,192
- Cash +€6,147
up €6,147 (+257%), from €2,394 to €8,541
mainly Depreciation (+€17,479) and Advances received (+€5,630)
- Deferred charges and accrued income -€3,331
down €3,331 (-88.9%), from €3,748 to €418
- Profit (loss) carried forward -€15,623
down €15,623 (-36.9%), from -€42,284 to -€57,907
- Debts after one year -€7,667
down €7,667 (-2.8%), from €274,102 to €266,435
- Advances received +€5,630
new in 2025: €5,630
- Other debts +€4,896
up €4,896 (+84.2%), from €5,812 to €10,707
- Trade debts -€2,808
down €2,808 (-35.6%), from €7,886 to €5,077
- Gross operating margin +€6,980
up €6,980, from -€241 to €6,738
- Financial charges +€1,180
up €1,180 (+44.3%), from €2,665 to €3,845
- Other operating charges -€682
down €682 (-45.0%), from €1,514 to €832
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 | €254,868 | €240,880 | -€13,988 | -5.5% |
| Fixed assets | 21/28 | €238,664 | €221,185 | -€17,479 | -7.3% |
| Tangible fixed assets | 22/27 | €51,671 | €34,192 | -€17,479 | -33.8% |
| Furniture and vehicles | 24 | €51,671 | €34,192 | -€17,479 | -33.8% |
| Financial fixed assets | 28 | €186,993 | €186,993 | = | 0.0% |
| Current assets | 29/58 | €16,204 | €19,695 | +€3,491 | +21.5% |
| Amounts receivable within one year | 40/41 | €10,061 | €10,737 | +€676 | +6.7% |
| Trade receivables | 40 | €10,061 | €10,737 | +€676 | +6.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,394 | €8,541 | +€6,147 | +257% |
| Deferred charges and accrued income | 490/1 | €3,748 | €418 | -€3,331 | -88.9% |
| Total equity and liabilities | 10/49 | €254,868 | €240,880 | -€13,988 | -5.5% |
| Equity | 10/15 | -€37,284 | -€52,907 | -€15,623 | -41.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,284 | -€57,907 | -€15,623 | -36.9% |
| Amounts payable | 17/49 | €292,152 | €293,787 | +€1,635 | +0.6% |
| Amounts payable after more than one year | 17 | €274,102 | €266,435 | -€7,667 | -2.8% |
| Other amounts payable | 178/9 | €274,102 | €266,435 | -€7,667 | -2.8% |
| Amounts payable within one year | 42/48 | €18,050 | €27,352 | +€9,302 | +51.5% |
| Trade debts | 44 | €7,886 | €5,077 | -€2,808 | -35.6% |
| Suppliers | 440/4 | €7,886 | €5,077 | -€2,808 | -35.6% |
| Advances received on contracts in progress | 46 | - | €5,630 | +€5,630 | |
| Taxes, remuneration and social security | 45 | €4,353 | €5,937 | +€1,584 | +36.4% |
| Taxes | 450/3 | €4,353 | €5,937 | +€1,584 | +36.4% |
| Other amounts payable | 47/48 | €5,812 | €10,707 | +€4,896 | +84.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,479 | €17,479 | = | 0.0% |
| Other operating charges | 640/8 | €1,514 | €832 | -€682 | -45.0% |
| Gross operating margin | 9900 | -€241 | €6,738 | +€6,980 | |
| Operating profit (loss) | 9901 | -€19,234 | -€11,573 | +€7,661 | +39.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,665 | €3,845 | +€1,180 | +44.3% |
| Recurring financial charges | 65 | €2,665 | €3,845 | +€1,180 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,899 | -€15,418 | +€6,481 | +29.6% |
| Income taxes | 67/77 | €220 | €205 | -€16 | -7.2% |
| Profit (loss) for the period | 9904 | -€22,119 | -€15,623 | +€6,497 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,119 | -€15,623 | +€6,497 | +29.4% |
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 28 October 2026 via checked.be.