CQFD Architecture: 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.
CQFD Architecture
Largest movements
- Intangible fixed assets -€13,953
down €13,953 (-31.7%), from €44,000 to €30,047
- Cash -€7,592
down €7,592 (-84.6%), from €8,973 to €1,381
mainly Current portion of long-term debt (-€11,264) and Debts after one year (-€7,279)
- Receivables within one year +€814
up €814 (+8.1%), from €10,047 to €10,861
of which Other amounts receivable: +€4,522
- Current portion of long-term debt -€11,264
down €11,264 (-60.7%), from €18,543 to €7,279
- Debts after one year -€7,279
down €7,279 (-32.7%), from €22,270 to €14,992
- Other debts -€4,853
no longer reported in 2025 (was €4,853)
- Tax, wage and social debts +€2,236
up €2,236 (+46.6%), from €4,800 to €7,036
- Gross operating margin -€9,316
down €9,316 (-34.2%), from €27,204 to €17,888
- Taxes -€2,736
down €2,736 (-63.7%), from €4,297 to €1,561
- Other operating charges +€654
up €654 (+63.6%), from €1,027 to €1,681
- Financial charges -€456
down €456 (-38.0%), from €1,202 to €746
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 | €63,395 | €42,470 | -€20,925 | -33.0% |
| Fixed assets | 21/28 | €44,000 | €30,047 | -€13,953 | -31.7% |
| Intangible fixed assets | 21 | €44,000 | €30,047 | -€13,953 | -31.7% |
| Current assets | 29/58 | €19,395 | €12,423 | -€6,972 | -35.9% |
| Amounts receivable within one year | 40/41 | €10,047 | €10,861 | +€814 | +8.1% |
| Trade receivables | 40 | €10,047 | €6,339 | -€3,708 | -36.9% |
| Other amounts receivable | 41 | - | €4,522 | +€4,522 | |
| Cash at bank and in hand | 54/58 | €8,973 | €1,381 | -€7,592 | -84.6% |
| Deferred charges and accrued income | 490/1 | €375 | €181 | -€194 | -51.7% |
| Total equity and liabilities | 10/49 | €63,395 | €42,470 | -€20,925 | -33.0% |
| Equity | 10/15 | €12,843 | €12,790 | -€53 | -0.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €9,343 | €9,343 | = | 0.0% |
| Distributable reserves | 133 | €9,343 | €9,343 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€53 | -€53 | |
| Amounts payable | 17/49 | €50,552 | €29,680 | -€20,873 | -41.3% |
| Amounts payable after more than one year | 17 | €22,270 | €14,992 | -€7,279 | -32.7% |
| Financial debts | 170/4 | €22,270 | €14,992 | -€7,279 | -32.7% |
| Amounts payable within one year | 42/48 | €28,282 | €14,688 | -€13,594 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €18,543 | €7,279 | -€11,264 | -60.7% |
| Trade debts | 44 | €86 | €373 | +€288 | +335% |
| Suppliers | 440/4 | €86 | €373 | +€288 | +335% |
| Taxes, remuneration and social security | 45 | €4,800 | €7,036 | +€2,236 | +46.6% |
| Taxes | 450/3 | €4,800 | €7,036 | +€2,236 | +46.6% |
| Other amounts payable | 47/48 | €4,853 | - | -€4,853 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,000 | €13,953 | -€47 | -0.3% |
| Other operating charges | 640/8 | €1,027 | €1,681 | +€654 | +63.6% |
| Gross operating margin | 9900 | €27,204 | €17,888 | -€9,316 | -34.2% |
| Operating profit (loss) | 9901 | €12,177 | €2,254 | -€9,923 | -81.5% |
| Financial charges | 65/66B | €1,202 | €746 | -€456 | -38.0% |
| Recurring financial charges | 65 | €1,202 | €746 | -€456 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €10,975 | €1,508 | -€9,467 | -86.3% |
| Income taxes | 67/77 | €4,297 | €1,561 | -€2,736 | -63.7% |
| Profit (loss) for the period | 9904 | €6,678 | -€53 | -€6,731 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,678 | -€53 | -€6,731 |
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 19 October 2026 via checked.be.