CQ: what changed
Two fiscal 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.
CQ
Largest movements
- Receivables within one year +€7,068
up €7,068 (+94.9%), from €7,447 to €14,514
of which Trade receivables: +€8,143
- Cash +€4,036
up €4,036 (+25.6%), from €15,776 to €19,812
mainly Net result for the year (+€9,140) and Advances received (+€4,257)
- Tangible fixed assets +€3,317
up €3,317 (+522.8%), from €634 to €3,951
- Deferred charges and accrued income +€1,958
up €1,958 (+90.0%), from €2,177 to €4,135
- Intangible fixed assets -€548
down €548 (-100.0%), from €548 to €0
- Profit (loss) carried forward +€9,140
up €9,140 (+4.5%), from -€204,802 to -€195,662
- Advances received +€4,257
new in 2025: €4,257
- Trade debts +€3,749
up €3,749 (+116.5%), from €3,218 to €6,967
- Debts after one year -€3,000
down €3,000 (-22.7%), from €13,200 to €10,200
- Tax, wage and social debts +€1,820
up €1,820 (+403.7%), from €451 to €2,270
- Gross operating margin -€32,574
down €32,574 (-62.6%), from €52,038 to €19,464
- Taxes +€4,781
up €4,781 (+1226.4%), from €390 to €5,171
- Depreciation +€1,891
up €1,891 (+179.7%), from €1,052 to €2,943
- Financial charges -€1,094
down €1,094 (-58.7%), from €1,863 to €769
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 | €26,581 | €42,412 | +€15,831 | +59.6% |
| Fixed assets | 21/28 | €1,183 | €3,951 | +€2,769 | +234.1% |
| Intangible fixed assets | 21 | €548 | €0 | -€548 | -100.0% |
| Tangible fixed assets | 22/27 | €634 | €3,951 | +€3,317 | +522.8% |
| Furniture and vehicles | 24 | €634 | €3,951 | +€3,317 | +522.8% |
| Current assets | 29/58 | €25,399 | €38,461 | +€13,062 | +51.4% |
| Amounts receivable within one year | 40/41 | €7,447 | €14,514 | +€7,068 | +94.9% |
| Trade receivables | 40 | €5,250 | €13,393 | +€8,143 | +155.1% |
| Other amounts receivable | 41 | €2,197 | €1,121 | -€1,076 | -49.0% |
| Cash at bank and in hand | 54/58 | €15,776 | €19,812 | +€4,036 | +25.6% |
| Deferred charges and accrued income | 490/1 | €2,177 | €4,135 | +€1,958 | +90.0% |
| Total equity and liabilities | 10/49 | €26,581 | €42,412 | +€15,831 | +59.6% |
| Equity | 10/15 | €8,760 | €17,900 | +€9,140 | +104.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €193,561 | €193,561 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €193,561 | €193,561 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€204,802 | -€195,662 | +€9,140 | +4.5% |
| Amounts payable | 17/49 | €17,822 | €24,512 | +€6,691 | +37.5% |
| Amounts payable after more than one year | 17 | €13,200 | €10,200 | -€3,000 | -22.7% |
| Financial debts | 170/4 | €13,200 | €10,200 | -€3,000 | -22.7% |
| Amounts payable within one year | 42/48 | €4,487 | €14,312 | +€9,826 | +219.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,218 | €6,967 | +€3,749 | +116.5% |
| Suppliers | 440/4 | €3,218 | €6,967 | +€3,749 | +116.5% |
| Advances received on contracts in progress | 46 | - | €4,257 | +€4,257 | |
| Taxes, remuneration and social security | 45 | €451 | €2,270 | +€1,820 | +403.7% |
| Taxes | 450/3 | €451 | €2,270 | +€1,820 | +403.7% |
| Other amounts payable | 47/48 | €818 | €818 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €135 | €0 | -€135 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,052 | €2,943 | +€1,891 | +179.7% |
| Other operating charges | 640/8 | €1,712 | €1,508 | -€204 | -11.9% |
| Gross operating margin | 9900 | €52,038 | €19,464 | -€32,574 | -62.6% |
| Operating profit (loss) | 9901 | €49,274 | €15,013 | -€34,261 | -69.5% |
| Financial income | 75/76B | €368 | €67 | -€301 | -81.8% |
| Recurring financial income | 75 | €368 | €67 | -€301 | -81.8% |
| Financial charges | 65/66B | €1,863 | €769 | -€1,094 | -58.7% |
| Recurring financial charges | 65 | €1,863 | €769 | -€1,094 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €47,779 | €14,311 | -€33,468 | -70.0% |
| Income taxes | 67/77 | €390 | €5,171 | +€4,781 | +1226.4% |
| Profit (loss) for the period | 9904 | €47,389 | €9,140 | -€38,249 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,389 | €9,140 | -€38,249 | -80.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.