CQ-LIN: 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.
CQ-LIN
Largest movements
- Receivables within one year -€29,978
down €29,978 (-37.6%), from €79,770 to €49,791
of which Trade receivables: -€15,487
- Cash -€17,036
down €17,036 (-19.7%), from €86,280 to €69,243
mainly Other debts (-€29,730) and Net result for the year (-€14,935)
- Tangible fixed assets -€15,625
down €15,625 (-37.5%), from €41,719 to €26,094
of which Furniture and vehicles: -€15,625
- Other debts -€29,730
down €29,730 (-98.0%), from €30,346 to €616
- Profit (loss) carried forward -€14,935
down €14,935 (-49.2%), from €30,349 to €15,414
- Tax, wage and social debts -€10,086
down €10,086 (-74.9%), from €13,470 to €3,384
of which Remuneration and social security: -€8,633
- Debts after one year -€7,862
down €7,862 (-79.6%), from €9,875 to €2,013
- Gross operating margin -€10,118
down €10,118 (-73.9%), from €13,689 to €3,572
- Other operating charges +€1,466
up €1,466 (+288%), from €509 to €1,976
- Depreciation -€1,312
down €1,312 (-7.7%), from €16,937 to €15,625
- Financial charges -€310
down €310 (-28.5%), from €1,089 to €779
- Financial income +€222
up €222 (+36,925%), from €1 to €222
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,911 | €148,245 | -€64,666 | -30.4% |
| Fixed assets | 21/28 | €41,719 | €26,094 | -€15,625 | -37.5% |
| Tangible fixed assets | 22/27 | €41,719 | €26,094 | -€15,625 | -37.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €41,719 | €26,094 | -€15,625 | -37.5% |
| Current assets | 29/58 | €171,192 | €122,151 | -€49,041 | -28.6% |
| Stocks and contracts in progress | 3 | €3,608 | €2,673 | -€935 | -25.9% |
| Stocks | 30/36 | €3,608 | €2,673 | -€935 | -25.9% |
| Amounts receivable within one year | 40/41 | €79,770 | €49,791 | -€29,978 | -37.6% |
| Trade receivables | 40 | €19,535 | €4,049 | -€15,487 | -79.3% |
| Other amounts receivable | 41 | €60,234 | €45,743 | -€14,492 | -24.1% |
| Cash at bank and in hand | 54/58 | €86,280 | €69,243 | -€17,036 | -19.7% |
| Deferred charges and accrued income | 490/1 | €1,535 | €443 | -€1,091 | -71.1% |
| Total equity and liabilities | 10/49 | €212,911 | €148,245 | -€64,666 | -30.4% |
| Equity | 10/15 | €149,177 | €134,242 | -€14,935 | -10.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €93,828 | €93,828 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €91,328 | €91,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,349 | €15,414 | -€14,935 | -49.2% |
| Amounts payable | 17/49 | €63,734 | €14,003 | -€49,731 | -78.0% |
| Amounts payable after more than one year | 17 | €9,875 | €2,013 | -€7,862 | -79.6% |
| Financial debts | 170/4 | €9,875 | €2,013 | -€7,862 | -79.6% |
| Amounts payable within one year | 42/48 | €53,858 | €11,989 | -€41,869 | -77.7% |
| Current portion of amounts payable after more than one year | 42 | €8,575 | €7,862 | -€712 | -8.3% |
| Trade debts | 44 | €1,467 | €127 | -€1,340 | -91.3% |
| Suppliers | 440/4 | €1,467 | €127 | -€1,340 | -91.3% |
| Taxes, remuneration and social security | 45 | €13,470 | €3,384 | -€10,086 | -74.9% |
| Taxes | 450/3 | €4,838 | €3,384 | -€1,453 | -30.0% |
| Remuneration and social security | 454/9 | €8,633 | €0 | -€8,633 | -100% |
| Other amounts payable | 47/48 | €30,346 | €616 | -€29,730 | -98.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €4,050 | +€4,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,937 | €15,625 | -€1,312 | -7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €509 | €1,976 | +€1,466 | +288% |
| Gross operating margin | 9900 | €13,689 | €3,572 | -€10,118 | -73.9% |
| Operating profit (loss) | 9901 | -€3,757 | -€14,029 | -€10,272 | -273% |
| Financial income | 75/76B | €1 | €222 | +€222 | +36,925% |
| Recurring financial income | 75 | €1 | €222 | +€222 | +36,925% |
| Financial charges | 65/66B | €1,089 | €779 | -€310 | -28.5% |
| Recurring financial charges | 65 | €1,089 | €779 | -€310 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,845 | -€14,586 | -€9,740 | -201% |
| Income taxes | 67/77 | €175 | €349 | +€175 | +100% |
| Profit (loss) for the period | 9904 | -€5,020 | -€14,935 | -€9,915 | -198% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,020 | -€14,935 | -€9,915 | -198% |
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 22 October 2026 via checked.be.