AQraad: 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.
AQraad
Largest movements
- Tangible fixed assets +€47,559
up €47,559 (+2,355%), from €2,020 to €49,578
- Cash +€31,729
up €31,729 (+73.8%), from €43,010 to €74,739
mainly Net result for the year (+€59,008) and Tax, wage and social debts (+€17,459)
- Receivables within one year -€1,424
down €1,424 (-10.1%), from €14,047 to €12,623
of which Trade receivables: -€1,413
- Reserves +€57,342
up €57,342 (+149%), from €38,544 to €95,886
- Tax, wage and social debts +€17,459
up €17,459 (+88.1%), from €19,822 to €37,281
of which Taxes: +€14,521
- Other debts +€1,666
new in 2025: €1,666
- Trade debts +€1,442
up €1,442 (+1,428%), from €101 to €1,543
- Gross operating margin +€35,510
up €35,510 (+72.9%), from €48,677 to €84,187
- Depreciation +€9,355
up €9,355 (+7,292%), from €128 to €9,483
- Taxes +€5,452
up €5,452 (+54.8%), from €9,957 to €15,409
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 | €59,467 | €138,475 | +€79,008 | +133% |
| Fixed assets | 21/28 | €2,020 | €49,578 | +€47,559 | +2,355% |
| Tangible fixed assets | 22/27 | €2,020 | €49,578 | +€47,559 | +2,355% |
| Furniture and vehicles | 24 | €2,020 | €49,578 | +€47,559 | +2,355% |
| Current assets | 29/58 | €57,447 | €88,897 | +€31,450 | +54.7% |
| Amounts receivable within one year | 40/41 | €14,047 | €12,623 | -€1,424 | -10.1% |
| Trade receivables | 40 | €14,036 | €12,623 | -€1,413 | -10.1% |
| Other amounts receivable | 41 | €11 | €0 | -€11 | -100% |
| Cash at bank and in hand | 54/58 | €43,010 | €74,739 | +€31,729 | +73.8% |
| Deferred charges and accrued income | 490/1 | €390 | €1,535 | +€1,145 | +294% |
| Total equity and liabilities | 10/49 | €59,467 | €138,475 | +€79,008 | +133% |
| Equity | 10/15 | €39,544 | €96,886 | +€57,342 | +145% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €38,544 | €95,886 | +€57,342 | +149% |
| Distributable reserves | 133 | €38,544 | €95,886 | +€57,342 | +149% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €19,923 | €41,590 | +€21,666 | +109% |
| Amounts payable within one year | 42/48 | €19,923 | €40,490 | +€20,566 | +103% |
| Trade debts | 44 | €101 | €1,543 | +€1,442 | +1,428% |
| Suppliers | 440/4 | €101 | €1,543 | +€1,442 | +1,428% |
| Taxes, remuneration and social security | 45 | €19,822 | €37,281 | +€17,459 | +88.1% |
| Taxes | 450/3 | €19,822 | €34,344 | +€14,521 | +73.3% |
| Remuneration and social security | 454/9 | - | €2,937 | +€2,937 | |
| Other amounts payable | 47/48 | - | €1,666 | +€1,666 | |
| Accrued charges and deferred income | 492/3 | - | €1,100 | +€1,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128 | €9,483 | +€9,355 | +7,292% |
| Other operating charges | 640/8 | - | €191 | +€191 | |
| Gross operating margin | 9900 | €48,677 | €84,187 | +€35,510 | +72.9% |
| Operating profit (loss) | 9901 | €48,549 | €74,512 | +€25,964 | +53.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €49 | €95 | +€46 | +94.6% |
| Recurring financial charges | 65 | €49 | €95 | +€46 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | €48,501 | €74,417 | +€25,916 | +53.4% |
| Income taxes | 67/77 | €9,957 | €15,409 | +€5,452 | +54.8% |
| Profit (loss) for the period | 9904 | €38,544 | €59,008 | +€20,465 | +53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,544 | €59,008 | +€20,465 | +53.1% |
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 13 October 2026 via checked.be.