C QUEST: 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.
C QUEST
Largest movements
- Cash +€106,597
up €106,597 (+132.0%), from €80,739 to €187,336
mainly Net result for the year (+€91,542) and Tax, wage and social debts (+€54,418)
- Tangible fixed assets +€20,196
up €20,196 (+396.1%), from €5,099 to €25,295
- Receivables within one year +€14,866
up €14,866 (+76.0%), from €19,559 to €34,425
of which Other amounts receivable: +€18,764
- Reserves +€89,800
up €89,800 (+125.9%), from €71,300 to €161,100
- Tax, wage and social debts +€54,418
up €54,418 (+181.7%), from €29,957 to €84,374
- Gross operating margin +€30,904
up €30,904 (+27.2%), from €113,467 to €144,371
- Taxes +€7,981
up €7,981 (+26.6%), from €29,957 to €37,937
- Other operating charges +€2,830
up €2,830 (+25.0%), from €11,335 to €14,165
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 | €107,024 | €249,158 | +€142,134 | +132.8% |
| Fixed assets | 21/28 | €5,099 | €25,295 | +€20,196 | +396.1% |
| Tangible fixed assets | 22/27 | €5,099 | €25,295 | +€20,196 | +396.1% |
| Furniture and vehicles | 24 | €5,099 | €25,295 | +€20,196 | +396.1% |
| Current assets | 29/58 | €101,925 | €223,863 | +€121,938 | +119.6% |
| Amounts receivable within one year | 40/41 | €19,559 | €34,425 | +€14,866 | +76.0% |
| Trade receivables | 40 | €18,418 | €14,520 | -€3,898 | -21.2% |
| Other amounts receivable | 41 | €1,141 | €19,905 | +€18,764 | +1644.5% |
| Cash at bank and in hand | 54/58 | €80,739 | €187,336 | +€106,597 | +132.0% |
| Deferred charges and accrued income | 490/1 | €1,627 | €2,101 | +€475 | +29.2% |
| Total equity and liabilities | 10/49 | €107,024 | €249,158 | +€142,134 | +132.8% |
| Equity | 10/15 | €72,377 | €162,253 | +€89,876 | +124.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €71,300 | €161,100 | +€89,800 | +125.9% |
| Distributable reserves | 133 | €71,300 | €161,100 | +€89,800 | +125.9% |
| Profit (loss) carried forward | 14 | €77 | €153 | +€76 | +99.8% |
| Amounts payable | 17/49 | €34,648 | €86,905 | +€52,257 | +150.8% |
| Amounts payable within one year | 42/48 | €34,523 | €86,905 | +€52,382 | +151.7% |
| Trade debts | 44 | €2,511 | €865 | -€1,646 | -65.6% |
| Suppliers | 440/4 | €2,511 | €865 | -€1,646 | -65.6% |
| Taxes, remuneration and social security | 45 | €29,957 | €84,374 | +€54,418 | +181.7% |
| Taxes | 450/3 | €29,957 | €84,374 | +€54,418 | +181.7% |
| Other amounts payable | 47/48 | €2,055 | €1,666 | -€389 | -18.9% |
| Accrued charges and deferred income | 492/3 | €125 | €0 | -€125 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €727 | €1,183 | +€456 | +62.8% |
| Other operating charges | 640/8 | €11,335 | €14,165 | +€2,830 | +25.0% |
| Gross operating margin | 9900 | €113,467 | €144,371 | +€30,904 | +27.2% |
| Operating profit (loss) | 9901 | €101,406 | €129,023 | +€27,618 | +27.2% |
| Financial income | 75/76B | - | €732 | +€732 | |
| Recurring financial income | 75 | - | €732 | +€732 | |
| Financial charges | 65/66B | €73 | €276 | +€203 | +279.7% |
| Recurring financial charges | 65 | €73 | €276 | +€203 | +279.7% |
| Profit (loss) for the period before taxes | 9903 | €101,333 | €129,479 | +€28,146 | +27.8% |
| Income taxes | 67/77 | €29,957 | €37,937 | +€7,981 | +26.6% |
| Profit (loss) for the period | 9904 | €71,377 | €91,542 | +€20,166 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,377 | €91,542 | +€20,166 | +28.3% |
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 9 October 2026 via checked.be.