C-Quense: 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.
What changed
C-Quense
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€80,294
2024 · €92,303-€12,009
Equity
€463,870
2024 · €419,710+€44,160
Cash
€144,386
2024 · €92,616+€51,770
Balance sheet total
€531,579
2024 · €515,733+€15,846
Largest movements
Assets
- Cash +€51,770
up €51,770 (+55.9%), from €92,616 to €144,386
mainly Net result for the year (+€80,294) and Receivables within one year (+€35,473)
- Receivables within one year -€35,473
down €35,473 (-94.1%), from €37,705 to €2,232
of which Trade receivables: -€35,473
Equity and liabilities
- Reserves +€44,160
up €44,160 (+10.5%), from €419,710 to €463,870
- Debts after one year -€20,809
down €20,809 (-54.1%), from €38,441 to €17,632
Income statement
- Gross operating margin -€20,699
down €20,699 (-14.3%), from €144,696 to €123,997
- Financial income +€4,649
up €4,649 (+245%), from €1,899 to €6,548
- Taxes -€3,957
down €3,957 (-11.0%), from €36,120 to €32,163
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.
Result 2024
€92,303
Gross operating margin
-€20,699
Depreciation
-€52
Other operating charges
-€582
Financial income
+€4,649
Financial charges
+€717
Taxes
+€3,957
Result 2025
€80,294
raises the resultlowers the result
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.
From operations
+€117,454
Investment
-€9,078
Financing
-€56,606
Cash 2024
€92,616
From operations (derived)
+€117,454
Net result for the year
+€80,294
Depreciation
+€8,157
Receivables after one year
+€3,600
Receivables within one year
+€35,473
Deferred charges and accrued income
-€2,228
Smaller working-capital items
-€122
Tax, wage and social debts
-€3,490
Other debts
-€4,230
Investment (derived)
-€9,078
Investment in fixed assets (net)
-€8,109
Current investments
-€969
Financing
-€56,606
Debts after one year
-€20,809
Current portion of long-term debt
+€376
Short-term financial debts
-€39
Contributions, distributions and other
-€36,134
Cash 2025
€144,386
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €515,733 | €531,579 | +€15,846 | +3.1% |
| Fixed assets | 21/28 | €183,345 | €183,296 | -€48 | 0.0% |
| Tangible fixed assets | 22/27 | €178,345 | €178,296 | -€48 | 0.0% |
| Land and buildings | 22 | €176,490 | €177,336 | +€846 | +0.5% |
| Plant, machinery and equipment | 23 | €1,561 | €961 | -€600 | -38.4% |
| Furniture and vehicles | 24 | €294 | €0 | -€294 | -100% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €332,389 | €348,283 | +€15,894 | +4.8% |
| Amounts receivable after more than one year | 29 | €28,750 | €25,150 | -€3,600 | -12.5% |
| Other amounts receivable | 291 | €28,750 | €25,150 | -€3,600 | -12.5% |
| Amounts receivable within one year | 40/41 | €37,705 | €2,232 | -€35,473 | -94.1% |
| Trade receivables | 40 | €36,448 | €975 | -€35,473 | -97.3% |
| Other amounts receivable | 41 | €1,257 | €1,257 | = | 0.0% |
| Current investments | 50/53 | €170,219 | €171,188 | +€969 | +0.6% |
| Cash at bank and in hand | 54/58 | €92,616 | €144,386 | +€51,770 | +55.9% |
| Deferred charges and accrued income | 490/1 | €3,099 | €5,327 | +€2,228 | +71.9% |
| Total equity and liabilities | 10/49 | €515,733 | €531,579 | +€15,846 | +3.1% |
| Equity | 10/15 | €419,710 | €463,870 | +€44,160 | +10.5% |
| Reserves | 13 | €419,710 | €463,870 | +€44,160 | +10.5% |
| Distributable reserves | 133 | €419,710 | €463,870 | +€44,160 | +10.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €96,023 | €67,709 | -€28,314 | -29.5% |
| Amounts payable after more than one year | 17 | €38,441 | €17,632 | -€20,809 | -54.1% |
| Financial debts | 170/4 | €38,441 | €17,632 | -€20,809 | -54.1% |
| Amounts payable within one year | 42/48 | €56,946 | €49,628 | -€7,318 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €20,433 | €20,809 | +€376 | +1.8% |
| Financial debts | 43 | €8,471 | €8,433 | -€39 | -0.5% |
| Credit institutions | 430/8 | €8,471 | €8,433 | -€39 | -0.5% |
| Trade debts | 44 | €2,959 | €3,024 | +€65 | +2.2% |
| Suppliers | 440/4 | €2,959 | €3,024 | +€65 | +2.2% |
| Taxes, remuneration and social security | 45 | €18,443 | €14,953 | -€3,490 | -18.9% |
| Taxes | 450/3 | €18,443 | €14,953 | -€3,490 | -18.9% |
| Other amounts payable | 47/48 | €6,640 | €2,409 | -€4,230 | -63.7% |
| Accrued charges and deferred income | 492/3 | €637 | €449 | -€187 | -29.4% |
| Non-recurring operating income | 76A | €10,958 | €0 | -€10,958 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,105 | €8,157 | +€52 | +0.6% |
| Other operating charges | 640/8 | €1,812 | €2,393 | +€582 | +32.1% |
| Gross operating margin | 9900 | €144,696 | €123,997 | -€20,699 | -14.3% |
| Operating profit (loss) | 9901 | €134,779 | €113,446 | -€21,333 | -15.8% |
| Financial income | 75/76B | €1,899 | €6,548 | +€4,649 | +245% |
| Recurring financial income | 75 | €1,899 | €6,548 | +€4,649 | +245% |
| Financial charges | 65/66B | €8,255 | €7,537 | -€717 | -8.7% |
| Recurring financial charges | 65 | €8,255 | €7,534 | -€721 | -8.7% |
| Non-recurring financial charges | 66B | - | €4 | +€4 | |
| Profit (loss) for the period before taxes | 9903 | €128,423 | €112,457 | -€15,966 | -12.4% |
| Income taxes | 67/77 | €36,120 | €32,163 | -€3,957 | -11.0% |
| Profit (loss) for the period | 9904 | €92,303 | €80,294 | -€12,009 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €92,303 | €80,294 | -€12,009 | -13.0% |
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 14 October 2026 via checked.be.