BQSE: 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.
BQSE
Largest movements
- Tangible fixed assets -€7,899
down €7,899 (-56.3%), from €14,034 to €6,135
of which Furniture and vehicles: -€7,780
- Cash +€7,368
up €7,368 (+14.6%), from €50,317 to €57,685
mainly Net result for the year (+€38,842) and Depreciation (+€7,899)
- Receivables within one year -€1,304
down €1,304 (-8.5%), from €15,297 to €13,993
- Profit (loss) carried forward -€4,158
down €4,158 (-95.3%), from €4,365 to €207
- Other debts +€2,327
up €2,327 (+5.6%), from €41,197 to €43,524
- Gross operating margin -€2,920
down €2,920 (-4.8%), from €60,500 to €57,580
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 | €82,052 | €80,218 | -€1,835 | -2.2% |
| Fixed assets | 21/28 | €16,034 | €8,135 | -€7,899 | -49.3% |
| Tangible fixed assets | 22/27 | €14,034 | €6,135 | -€7,899 | -56.3% |
| Plant, machinery and equipment | 23 | €357 | €238 | -€119 | -33.4% |
| Furniture and vehicles | 24 | €13,677 | €5,897 | -€7,780 | -56.9% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €66,019 | €72,083 | +€6,064 | +9.2% |
| Amounts receivable within one year | 40/41 | €15,297 | €13,993 | -€1,304 | -8.5% |
| Trade receivables | 40 | €15,297 | €13,993 | -€1,304 | -8.5% |
| Cash at bank and in hand | 54/58 | €50,317 | €57,685 | +€7,368 | +14.6% |
| Deferred charges and accrued income | 490/1 | €404 | €404 | = | 0.0% |
| Total equity and liabilities | 10/49 | €82,052 | €80,218 | -€1,835 | -2.2% |
| Equity | 10/15 | €24,825 | €20,667 | -€4,158 | -16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,365 | €207 | -€4,158 | -95.3% |
| Amounts payable | 17/49 | €57,227 | €59,551 | +€2,323 | +4.1% |
| Amounts payable within one year | 42/48 | €57,227 | €59,163 | +€1,936 | +3.4% |
| Trade debts | 44 | €913 | €571 | -€342 | -37.5% |
| Suppliers | 440/4 | €913 | €571 | -€342 | -37.5% |
| Taxes, remuneration and social security | 45 | €15,117 | €15,068 | -€49 | -0.3% |
| Taxes | 450/3 | €15,117 | €15,068 | -€49 | -0.3% |
| Other amounts payable | 47/48 | €41,197 | €43,524 | +€2,327 | +5.6% |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,910 | €7,899 | -€11 | -0.1% |
| Other operating charges | 640/8 | €387 | €387 | = | 0.0% |
| Gross operating margin | 9900 | €60,500 | €57,580 | -€2,920 | -4.8% |
| Operating profit (loss) | 9901 | €52,202 | €49,293 | -€2,909 | -5.6% |
| Financial income | 75/76B | €35 | €406 | +€370 | +1046.2% |
| Recurring financial income | 75 | €35 | €406 | +€370 | +1046.2% |
| Financial charges | 65/66B | €184 | €76 | -€109 | -59.0% |
| Recurring financial charges | 65 | €184 | €76 | -€109 | -59.0% |
| Profit (loss) for the period before taxes | 9903 | €52,053 | €49,623 | -€2,430 | -4.7% |
| Income taxes | 67/77 | €11,256 | €10,781 | -€475 | -4.2% |
| Profit (loss) for the period | 9904 | €40,797 | €38,842 | -€1,955 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,797 | €38,842 | -€1,955 | -4.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.