BQ EN CO: 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.
BQ EN CO
Largest movements
- Tangible fixed assets -€65,940
down €65,940 (-7.8%), from €847,212 to €781,272
of which Land and buildings: -€64,660
- Receivables after one year -€50,000
down €50,000 (-20.0%), from €250,000 to €200,000
- Receivables within one year -€49,776
down €49,776 (-47.7%), from €104,418 to €54,642
of which Other amounts receivable: -€30,000
- Cash +€46,444
up €46,444 (+45.5%), from €102,073 to €148,517
mainly Depreciation (+€65,940) and Receivables after one year (+€50,000)
- Debts after one year -€48,750
down €48,750 (-14.6%), from €333,125 to €284,375
- Profit (loss) carried forward -€41,269
down €41,269 (-17.2%), from -€239,464 to -€280,734
- Other debts -€18,136
down €18,136 (-22.8%), from €79,466 to €61,330
- Gross operating margin -€39,676
down €39,676 (-47.8%), from €82,942 to €43,266
- Financial charges -€12,562
down €12,562 (-47.0%), from €26,715 to €14,152
- Financial income -€1,425
down €1,425 (-24.8%), from €5,738 to €4,313
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,409,910 | €1,290,576 | -€119,335 | -8.5% |
| Fixed assets | 21/28 | €847,212 | €781,272 | -€65,940 | -7.8% |
| Tangible fixed assets | 22/27 | €847,212 | €781,272 | -€65,940 | -7.8% |
| Land and buildings | 22 | €845,117 | €780,458 | -€64,660 | -7.7% |
| Plant, machinery and equipment | 23 | €460 | €273 | -€187 | -40.7% |
| Furniture and vehicles | 24 | €1,635 | €542 | -€1,094 | -66.9% |
| Current assets | 29/58 | €562,698 | €509,304 | -€53,394 | -9.5% |
| Amounts receivable after more than one year | 29 | €250,000 | €200,000 | -€50,000 | -20.0% |
| Other amounts receivable | 291 | €250,000 | €200,000 | -€50,000 | -20.0% |
| Stocks and contracts in progress | 3 | €105,082 | €105,082 | = | 0.0% |
| Stocks | 30/36 | €105,082 | €105,082 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €104,418 | €54,642 | -€49,776 | -47.7% |
| Trade receivables | 40 | €24,418 | €4,642 | -€19,776 | -81.0% |
| Other amounts receivable | 41 | €80,000 | €50,000 | -€30,000 | -37.5% |
| Cash at bank and in hand | 54/58 | €102,073 | €148,517 | +€46,444 | +45.5% |
| Deferred charges and accrued income | 490/1 | €1,125 | €1,063 | -€62 | -5.5% |
| Total equity and liabilities | 10/49 | €1,409,910 | €1,290,576 | -€119,335 | -8.5% |
| Equity | 10/15 | €930,146 | €888,876 | -€41,269 | -4.4% |
| Contributions | 10/11 | €849,600 | €849,600 | = | 0.0% |
| Reserves | 13 | €320,010 | €320,010 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,164 | €22,164 | = | 0.0% |
| Distributable reserves | 133 | €297,846 | €297,846 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€239,464 | -€280,734 | -€41,269 | -17.2% |
| Amounts payable | 17/49 | €479,765 | €401,699 | -€78,065 | -16.3% |
| Amounts payable after more than one year | 17 | €333,125 | €284,375 | -€48,750 | -14.6% |
| Financial debts | 170/4 | €333,125 | €284,375 | -€48,750 | -14.6% |
| Amounts payable within one year | 42/48 | €133,062 | €114,624 | -€18,437 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €48,750 | €48,750 | = | 0.0% |
| Trade debts | 44 | €1,206 | €2,527 | +€1,321 | +110% |
| Suppliers | 440/4 | €1,206 | €2,527 | +€1,321 | +110% |
| Taxes, remuneration and social security | 45 | €3,640 | €2,017 | -€1,622 | -44.6% |
| Taxes | 450/3 | €3,640 | €2,017 | -€1,622 | -44.6% |
| Other amounts payable | 47/48 | €79,466 | €61,330 | -€18,136 | -22.8% |
| Accrued charges and deferred income | 492/3 | €13,578 | €2,700 | -€10,878 | -80.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,469 | €65,940 | -€529 | -0.8% |
| Other operating charges | 640/8 | €8,158 | €8,541 | +€383 | +4.7% |
| Gross operating margin | 9900 | €82,942 | €43,266 | -€39,676 | -47.8% |
| Operating profit (loss) | 9901 | €8,315 | -€31,216 | -€39,530 | |
| Financial income | 75/76B | €5,738 | €4,313 | -€1,425 | -24.8% |
| Recurring financial income | 75 | €5,738 | €4,313 | -€1,425 | -24.8% |
| Financial charges | 65/66B | €26,715 | €14,152 | -€12,562 | -47.0% |
| Recurring financial charges | 65 | €26,715 | €14,152 | -€12,562 | -47.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,662 | -€41,055 | -€28,393 | -224% |
| Income taxes | 67/77 | €218 | €214 | -€5 | -2.1% |
| Profit (loss) for the period | 9904 | -€12,881 | -€41,269 | -€28,389 | -220% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,881 | -€41,269 | -€28,389 | -220% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.