CQ SOLUTIONS: 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 SOLUTIONS
Largest movements
- Tangible fixed assets +€408,404
up €408,404 (+1455.8%), from €28,053 to €436,457
of which Land and buildings: +€381,112
- Receivables within one year -€15,106
down €15,106 (-59.6%), from €25,349 to €10,242
of which Trade receivables: -€15,106
- Cash +€12,874
up €12,874 (+23.9%), from €53,979 to €66,853
mainly Other debts (+€177,847) and Debts after one year (+€164,787)
- Deferred charges and accrued income +€9,508
up €9,508 (+347.3%), from €2,737 to €12,245
- Other debts +€177,847
up €177,847 (+3974.2%), from €4,475 to €182,322
- Debts after one year +€164,787
new in 2025: €164,787
- Reserves +€44,160
up €44,160 (+70.8%), from €62,350 to €106,510
of which Distributable reserves: +€44,160
- Current portion of long-term debt +€9,688
new in 2025: €9,688
- Tax, wage and social debts +€9,291
up €9,291 (+101.3%), from €9,169 to €18,460
of which Taxes: +€6,891
- Gross operating margin +€37,518
up €37,518 (+79.9%), from €46,977 to €84,495
- Financial income -€18,443
down €18,443 (-100.0%), from €18,443 to €0
- Financial charges +€12,274
up €12,274 (+1287.0%), from €954 to €13,228
- Depreciation +€10,558
up €10,558 (+365.1%), from €2,892 to €13,450
- Taxes -€7,520
down €7,520 (-40.0%), from €18,812 to €11,292
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 | €112,118 | €525,797 | +€413,679 | +369.0% |
| Fixed assets | 21/28 | €30,053 | €436,457 | +€406,404 | +1352.3% |
| Tangible fixed assets | 22/27 | €28,053 | €436,457 | +€408,404 | +1455.8% |
| Land and buildings | 22 | - | €381,112 | +€381,112 | |
| Plant, machinery and equipment | 23 | €6,216 | €38,267 | +€32,051 | +515.6% |
| Furniture and vehicles | 24 | €21,837 | €17,078 | -€4,759 | -21.8% |
| Financial fixed assets | 28 | €2,000 | €0 | -€2,000 | -100.0% |
| Current assets | 29/58 | €82,065 | €89,340 | +€7,275 | +8.9% |
| Amounts receivable within one year | 40/41 | €25,349 | €10,242 | -€15,106 | -59.6% |
| Trade receivables | 40 | €23,719 | €8,613 | -€15,106 | -63.7% |
| Other amounts receivable | 41 | €1,630 | €1,630 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,979 | €66,853 | +€12,874 | +23.9% |
| Deferred charges and accrued income | 490/1 | €2,737 | €12,245 | +€9,508 | +347.3% |
| Total equity and liabilities | 10/49 | €112,118 | €525,797 | +€413,679 | +369.0% |
| Equity | 10/15 | €85,799 | €129,959 | +€44,160 | +51.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €62,350 | €106,510 | +€44,160 | +70.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €62,350 | €106,510 | +€44,160 | +70.8% |
| Profit (loss) carried forward | 14 | €3,449 | €3,449 | +€0 | 0.0% |
| Amounts payable | 17/49 | €26,319 | €395,838 | +€369,519 | +1404.0% |
| Amounts payable after more than one year | 17 | - | €164,787 | +€164,787 | |
| Financial debts | 170/4 | - | €164,787 | +€164,787 | |
| Amounts payable within one year | 42/48 | €26,319 | €221,969 | +€195,649 | +743.4% |
| Current portion of amounts payable after more than one year | 42 | - | €9,688 | +€9,688 | |
| Trade debts | 44 | €12,676 | €11,500 | -€1,176 | -9.3% |
| Suppliers | 440/4 | €12,676 | €11,500 | -€1,176 | -9.3% |
| Taxes, remuneration and social security | 45 | €9,169 | €18,460 | +€9,291 | +101.3% |
| Taxes | 450/3 | €6,769 | €13,660 | +€6,891 | +101.8% |
| Remuneration and social security | 454/9 | €2,400 | €4,800 | +€2,400 | +100.0% |
| Other amounts payable | 47/48 | €4,475 | €182,322 | +€177,847 | +3974.2% |
| Accrued charges and deferred income | 492/3 | €0 | €9,082 | +€9,082 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,892 | €13,450 | +€10,558 | +365.1% |
| Other operating charges | 640/8 | €2,140 | €2,366 | +€225 | +10.5% |
| Gross operating margin | 9900 | €46,977 | €84,495 | +€37,518 | +79.9% |
| Operating profit (loss) | 9901 | €41,946 | €68,680 | +€26,734 | +63.7% |
| Financial income | 75/76B | €18,443 | €0 | -€18,443 | -100.0% |
| Recurring financial income | 75 | €18,443 | €0 | -€18,443 | -100.0% |
| Financial charges | 65/66B | €954 | €13,228 | +€12,274 | +1287.0% |
| Recurring financial charges | 65 | €954 | €13,228 | +€12,274 | +1287.0% |
| Profit (loss) for the period before taxes | 9903 | €59,434 | €55,452 | -€3,982 | -6.7% |
| Income taxes | 67/77 | €18,812 | €11,292 | -€7,520 | -40.0% |
| Profit (loss) for the period | 9904 | €40,622 | €44,160 | +€3,538 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,622 | €44,160 | +€3,538 | +8.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.