CQC: 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.
CQC
Largest movements
- Current investments +€17,414
up €17,414 (+10.5%), from €165,432 to €182,846
- Cash +€14,821
up €14,821 (+63.1%), from €23,502 to €38,323
mainly Net result for the year (+€33,062) and Depreciation (+€1,392)
- Reserves +€33,000
up €33,000 (+17.4%), from €189,460 to €222,460
- Turnover +€6,970
up €6,970 (+5.2%), from €133,545 to €140,515
- Taxes -€6,891
down €6,891 (-48.9%), from €14,104 to €7,213
- Purchases and services +€3,770
up €3,770 (+3.8%), from €98,483 to €102,253
- Gross operating margin +€3,329
up €3,329 (+8.7%), from €38,133 to €41,462
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 | €208,740 | €242,224 | +€33,484 | +16.0% |
| Fixed assets | 21/28 | €3,363 | €3,381 | +€18 | +0.5% |
| Tangible fixed assets | 22/27 | €3,323 | €3,341 | +€18 | +0.5% |
| Furniture and vehicles | 24 | €3,323 | €3,341 | +€18 | +0.5% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €205,377 | €238,843 | +€33,466 | +16.3% |
| Amounts receivable within one year | 40/41 | €16,414 | €17,624 | +€1,210 | +7.4% |
| Trade receivables | 40 | €14,091 | €15,032 | +€941 | +6.7% |
| Other amounts receivable | 41 | €2,323 | €2,592 | +€269 | +11.6% |
| Current investments | 50/53 | €165,432 | €182,846 | +€17,414 | +10.5% |
| Cash at bank and in hand | 54/58 | €23,502 | €38,323 | +€14,821 | +63.1% |
| Deferred charges and accrued income | 490/1 | €29 | €50 | +€21 | +72.4% |
| Total equity and liabilities | 10/49 | €208,740 | €242,224 | +€33,484 | +16.0% |
| Equity | 10/15 | €195,801 | €228,864 | +€33,063 | +16.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €189,460 | €222,460 | +€33,000 | +17.4% |
| Distributable reserves | 133 | €189,460 | €222,460 | +€33,000 | +17.4% |
| Profit (loss) carried forward | 14 | €141 | €204 | +€63 | +44.7% |
| Amounts payable | 17/49 | €12,939 | €13,360 | +€421 | +3.3% |
| Amounts payable within one year | 42/48 | €12,939 | €13,360 | +€421 | +3.3% |
| Financial debts | 43 | €2,629 | €3,384 | +€755 | +28.7% |
| Credit institutions | 430/8 | €2,629 | €3,384 | +€755 | +28.7% |
| Trade debts | 44 | €2,048 | €2,461 | +€413 | +20.2% |
| Suppliers | 440/4 | €2,048 | €2,461 | +€413 | +20.2% |
| Taxes, remuneration and social security | 45 | €8,262 | €7,515 | -€747 | -9.0% |
| Taxes | 450/3 | €8,262 | €7,515 | -€747 | -9.0% |
| Turnover | 70 | €133,545 | €140,515 | +€6,970 | +5.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €98,483 | €102,253 | +€3,770 | +3.8% |
| Remuneration, social security and pensions | 62 | - | €181 | +€181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,157 | €1,392 | +€235 | +20.3% |
| Other operating charges | 640/8 | €1,819 | €1,771 | -€48 | -2.6% |
| Gross operating margin | 9900 | €38,133 | €41,462 | +€3,329 | +8.7% |
| Operating profit (loss) | 9901 | €35,157 | €38,118 | +€2,961 | +8.4% |
| Financial income | 75/76B | €1,093 | €2,442 | +€1,349 | +123% |
| Recurring financial income | 75 | €1,093 | €2,442 | +€1,349 | +123% |
| Financial charges | 65/66B | €255 | €285 | +€30 | +11.8% |
| Recurring financial charges | 65 | €255 | €285 | +€30 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €35,995 | €40,275 | +€4,280 | +11.9% |
| Income taxes | 67/77 | €14,104 | €7,213 | -€6,891 | -48.9% |
| Profit (loss) for the period | 9904 | €21,891 | €33,062 | +€11,171 | +51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,891 | €33,062 | +€11,171 | +51.0% |
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 18 October 2026 via checked.be.