CQR CONSULT: 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.
CQR CONSULT
Largest movements
- Cash -€104,761
down €104,761 (-70.3%), from €148,963 to €44,203
mainly Net result for the year (-€89,045) and Other debts (-€8,349)
- Tangible fixed assets -€11,467
down €11,467 (-30.1%), from €38,136 to €26,670
of which Furniture and vehicles: -€10,680
- Receivables within one year +€7,567
up €7,567 (+3.6%), from €209,046 to €216,613
of which Trade receivables: +€31,198
- Profit (loss) carried forward -€89,045
down €89,045, from €13,472 to -€75,574
- Other debts -€8,349
down €8,349 (-94.9%), from €8,800 to €451
- Debts after one year -€8,259
down €8,259 (-3.7%), from €221,328 to €213,068
- Financial income -€99,604
down €99,604 (-99.4%), from €100,193 to €589
of which Non-recurring financial income: -€100,000
- Gross operating margin -€13,714
down €13,714 (-22.4%), from -€61,332 to -€75,046
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 | €396,592 | €288,157 | -€108,435 | -27.3% |
| Fixed assets | 21/28 | €38,136 | €26,670 | -€11,467 | -30.1% |
| Tangible fixed assets | 22/27 | €38,136 | €26,670 | -€11,467 | -30.1% |
| Furniture and vehicles | 24 | €33,551 | €22,871 | -€10,680 | -31.8% |
| Other tangible fixed assets | 26 | €4,585 | €3,799 | -€786 | -17.2% |
| Current assets | 29/58 | €358,455 | €261,487 | -€96,968 | -27.1% |
| Amounts receivable within one year | 40/41 | €209,046 | €216,613 | +€7,567 | +3.6% |
| Trade receivables | 40 | €22,684 | €53,882 | +€31,198 | +138% |
| Other amounts receivable | 41 | €186,362 | €162,731 | -€23,631 | -12.7% |
| Cash at bank and in hand | 54/58 | €148,963 | €44,203 | -€104,761 | -70.3% |
| Deferred charges and accrued income | 490/1 | €446 | €671 | +€225 | +50.5% |
| Total equity and liabilities | 10/49 | €396,592 | €288,157 | -€108,435 | -27.3% |
| Equity | 10/15 | €147,417 | €58,371 | -€89,045 | -60.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €118,945 | €118,945 | = | 0.0% |
| Distributable reserves | 133 | €118,945 | €118,945 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,472 | -€75,574 | -€89,045 | |
| Amounts payable | 17/49 | €249,175 | €229,785 | -€19,390 | -7.8% |
| Amounts payable after more than one year | 17 | €221,328 | €213,068 | -€8,259 | -3.7% |
| Financial debts | 170/4 | €221,328 | €213,068 | -€8,259 | -3.7% |
| Amounts payable within one year | 42/48 | €27,847 | €16,717 | -€11,130 | -40.0% |
| Current portion of amounts payable after more than one year | 42 | €7,915 | €8,259 | +€345 | +4.4% |
| Trade debts | 44 | €9,342 | €7,719 | -€1,623 | -17.4% |
| Suppliers | 440/4 | €9,342 | €7,719 | -€1,623 | -17.4% |
| Taxes, remuneration and social security | 45 | €1,791 | €288 | -€1,502 | -83.9% |
| Taxes | 450/3 | €1,791 | €280 | -€1,510 | -84.3% |
| Remuneration and social security | 454/9 | - | €8 | +€8 | |
| Other amounts payable | 47/48 | €8,800 | €451 | -€8,349 | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,328 | €11,467 | +€139 | +1.2% |
| Other operating charges | 640/8 | €1,088 | €1,286 | +€198 | +18.2% |
| Non-recurring operating charges | 66A | €2,248 | - | -€2,248 | |
| Gross operating margin | 9900 | -€61,332 | -€75,046 | -€13,714 | -22.4% |
| Operating profit (loss) | 9901 | -€75,995 | -€87,799 | -€11,804 | -15.5% |
| Financial income | 75/76B | €100,193 | €589 | -€99,604 | -99.4% |
| Recurring financial income | 75 | €193 | €589 | +€396 | +205% |
| Non-recurring financial income | 76B | €100,000 | - | -€100,000 | |
| Financial charges | 65/66B | €1,777 | €1,695 | -€82 | -4.6% |
| Recurring financial charges | 65 | €1,777 | €1,695 | -€82 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €22,422 | -€88,904 | -€111,326 | |
| Income taxes | 67/77 | €150 | €141 | -€9 | -6.1% |
| Profit (loss) for the period | 9904 | €22,272 | -€89,045 | -€111,317 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,272 | -€89,045 | -€111,317 |
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 20 October 2026 via checked.be.