BQ HOME: what changed
BQ HOME
Largest movements
- Tangible fixed assets +€188,503
up €188,503 (+213%), from €88,561 to €277,064
of which Assets under construction and advance payments: +€192,770
- Cash +€122,795
up €122,795 (+43.2%), from €284,154 to €406,949
mainly Debts after one year (+€268,702) and Net result for the year (+€141,428)
- Receivables within one year +€118,223
up €118,223 (+124%), from €95,406 to €213,629
of which Other amounts receivable: +€117,332
- Debts after one year +€268,702
up €268,702 (+662%), from €40,567 to €309,269
- Reserves +€140,000
up €140,000 (+69.0%), from €202,906 to €342,906
of which Distributable reserves: +€140,000
- Trade debts +€19,743
up €19,743 (+12.7%), from €154,984 to €174,727
- Accrued charges and deferred income -€14,464
down €14,464 (-92.3%), from €15,664 to €1,200
- Current portion of long-term debt +€13,770
up €13,770 (+84.2%), from €16,357 to €30,127
- Gross operating margin +€233,079
up €233,079 (+106%), from €220,647 to €453,725
- Staff costs -€36,572
down €36,572 (-10.9%), from €334,044 to €297,472
- Depreciation -€25,377
down €25,377 (-86.0%), from €29,517 to €4,140
- Financial charges +€5,235
up €5,235 (+126%), from €4,151 to €9,386
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €485,172 | €916,958 | +€431,786 | +89.0% |
| Fixed assets | 21/28 | €95,161 | €283,664 | +€188,503 | +198% |
| Tangible fixed assets | 22/27 | €88,561 | €277,064 | +€188,503 | +213% |
| Land and buildings | 22 | €69,780 | €69,652 | -€128 | -0.2% |
| Furniture and vehicles | 24 | €13,254 | €9,691 | -€3,562 | -26.9% |
| Other tangible fixed assets | 26 | €578 | €0 | -€578 | -100% |
| Assets under construction and advance payments | 27 | €4,950 | €197,720 | +€192,770 | +3,894% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €390,011 | €633,295 | +€243,283 | +62.4% |
| Amounts receivable within one year | 40/41 | €95,406 | €213,629 | +€118,223 | +124% |
| Trade receivables | 40 | €71,511 | €72,402 | +€890 | +1.2% |
| Other amounts receivable | 41 | €23,895 | €141,227 | +€117,332 | +491% |
| Cash at bank and in hand | 54/58 | €284,154 | €406,949 | +€122,795 | +43.2% |
| Deferred charges and accrued income | 490/1 | €10,451 | €12,716 | +€2,265 | +21.7% |
| Total equity and liabilities | 10/49 | €485,172 | €916,958 | +€431,786 | +89.0% |
| Equity | 10/15 | €221,506 | €362,934 | +€141,428 | +63.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €202,906 | €342,906 | +€140,000 | +69.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €14,347 | €14,347 | = | 0.0% |
| Distributable reserves | 133 | €188,560 | €328,560 | +€140,000 | +74.2% |
| Profit (loss) carried forward | 14 | €0 | €1,428 | +€1,428 | |
| Amounts payable | 17/49 | €263,666 | €554,024 | +€290,358 | +110% |
| Amounts payable after more than one year | 17 | €40,567 | €309,269 | +€268,702 | +662% |
| Financial debts | 170/4 | €40,567 | €309,269 | +€268,702 | +662% |
| Amounts payable within one year | 42/48 | €207,435 | €243,555 | +€36,120 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €16,357 | €30,127 | +€13,770 | +84.2% |
| Financial debts | 43 | €5,088 | €0 | -€5,088 | -100% |
| Credit institutions | 430/8 | €5,088 | €0 | -€5,088 | -100% |
| Trade debts | 44 | €154,984 | €174,727 | +€19,743 | +12.7% |
| Suppliers | 440/4 | €154,984 | €174,727 | +€19,743 | +12.7% |
| Taxes, remuneration and social security | 45 | €31,007 | €38,702 | +€7,694 | +24.8% |
| Taxes | 450/3 | €0 | €96 | +€96 | |
| Remuneration and social security | 454/9 | €31,007 | €38,605 | +€7,598 | +24.5% |
| Accrued charges and deferred income | 492/3 | €15,664 | €1,200 | -€14,464 | -92.3% |
| Remuneration, social security and pensions | 62 | €334,044 | €297,472 | -€36,572 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,517 | €4,140 | -€25,377 | -86.0% |
| Other operating charges | 640/8 | €1,625 | €746 | -€878 | -54.1% |
| Non-recurring operating charges | 66A | - | €128 | +€128 | |
| Gross operating margin | 9900 | €220,647 | €453,725 | +€233,079 | +106% |
| Operating profit (loss) | 9901 | -€144,539 | €151,239 | +€295,778 | |
| Financial income | 75/76B | €336 | €24 | -€312 | -93.0% |
| Recurring financial income | 75 | €336 | €24 | -€312 | -93.0% |
| Financial charges | 65/66B | €4,151 | €9,386 | +€5,235 | +126% |
| Recurring financial charges | 65 | €4,151 | €9,386 | +€5,235 | +126% |
| Profit (loss) for the period before taxes | 9903 | -€148,354 | €141,877 | +€290,231 | |
| Income taxes | 67/77 | €236 | €449 | +€213 | +90.1% |
| Profit (loss) for the period | 9904 | -€148,590 | €141,428 | +€290,018 | |
| Profit (loss) for the period to be appropriated | 9905 | -€148,590 | €141,428 | +€290,018 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.