D QUIRYNEN: 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.
D QUIRYNEN
Largest movements
- Receivables within one year +€22,074
up €22,074 (+68.1%), from €32,401 to €54,474
of which Other amounts receivable: +€19,164
- Cash +€6,362
up €6,362 (+46.5%), from €13,689 to €20,051
mainly Net result for the year (+€39,808) and Depreciation (+€8,665)
- Financial fixed assets +€1,900
up €1,900 (+2,918%), from €65 to €1,965
- Deferred charges and accrued income -€1,304
no longer reported in 2025 (was €1,304)
- Tangible fixed assets -€1,265
down €1,265 (-4.3%), from €29,137 to €27,872
of which Furniture and vehicles: -€4,560
- Reserves +€35,000
up €35,000 (+62.7%), from €55,860 to €90,860
of which Distributable reserves: +€35,000
- Current portion of long-term debt -€9,948
down €9,948 (-20.6%), from €48,209 to €38,261
- Profit (loss) carried forward +€4,808
up €4,808 (+4.8%), from -€100,929 to -€96,121
- Tax, wage and social debts -€2,688
down €2,688 (-20.5%), from €13,107 to €10,419
- Trade debts -€1,843
no longer reported in 2025 (was €1,843)
- Gross operating margin +€31,121
up €31,121 (+131%), from €23,791 to €54,912
- Turnover +€21,695
up €21,695 (+20.4%), from €106,546 to €128,241
- Purchases and services -€9,426
down €9,426 (-11.4%), from €82,755 to €73,329
- Other operating charges -€2,751
down €2,751 (-64.6%), from €4,259 to €1,508
- Financial charges +€2,482
up €2,482 (+171%), from €1,449 to €3,931
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 | €76,597 | €104,363 | +€27,766 | +36.2% |
| Fixed assets | 21/28 | €29,202 | €29,837 | +€635 | +2.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €29,137 | €27,872 | -€1,265 | -4.3% |
| Plant, machinery and equipment | 23 | €13,658 | €16,953 | +€3,295 | +24.1% |
| Furniture and vehicles | 24 | €15,479 | €10,919 | -€4,560 | -29.5% |
| Financial fixed assets | 28 | €65 | €1,965 | +€1,900 | +2,918% |
| Current assets | 29/58 | €47,394 | €74,525 | +€27,131 | +57.2% |
| Amounts receivable within one year | 40/41 | €32,401 | €54,474 | +€22,074 | +68.1% |
| Trade receivables | 40 | €21,131 | €24,040 | +€2,910 | +13.8% |
| Other amounts receivable | 41 | €11,270 | €30,434 | +€19,164 | +170% |
| Cash at bank and in hand | 54/58 | €13,689 | €20,051 | +€6,362 | +46.5% |
| Deferred charges and accrued income | 490/1 | €1,304 | - | -€1,304 | |
| Total equity and liabilities | 10/49 | €76,597 | €104,363 | +€27,766 | +36.2% |
| Equity | 10/15 | -€26,469 | €13,339 | +€39,808 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,860 | €90,860 | +€35,000 | +62.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €54,000 | €89,000 | +€35,000 | +64.8% |
| Profit (loss) carried forward | 14 | -€100,929 | -€96,121 | +€4,808 | +4.8% |
| Amounts payable | 17/49 | €103,066 | €91,024 | -€12,042 | -11.7% |
| Amounts payable after more than one year | 17 | €39,906 | €41,406 | +€1,500 | +3.8% |
| Financial debts | 170/4 | €39,906 | €41,406 | +€1,500 | +3.8% |
| Amounts payable within one year | 42/48 | €63,160 | €48,680 | -€14,480 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €48,209 | €38,261 | -€9,948 | -20.6% |
| Trade debts | 44 | €1,843 | - | -€1,843 | |
| Suppliers | 440/4 | €1,843 | - | -€1,843 | |
| Taxes, remuneration and social security | 45 | €13,107 | €10,419 | -€2,688 | -20.5% |
| Taxes | 450/3 | €13,107 | €10,419 | -€2,688 | -20.5% |
| Accrued charges and deferred income | 492/3 | - | €938 | +€938 | |
| Turnover | 70 | €106,546 | €128,241 | +€21,695 | +20.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €82,755 | €73,329 | -€9,426 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,545 | €8,665 | +€1,120 | +14.8% |
| Other operating charges | 640/8 | €4,259 | €1,508 | -€2,751 | -64.6% |
| Gross operating margin | 9900 | €23,791 | €54,912 | +€31,121 | +131% |
| Operating profit (loss) | 9901 | €11,987 | €44,739 | +€32,752 | +273% |
| Financial income | 75/76B | €229 | - | -€229 | |
| Recurring financial income | 75 | €229 | - | -€229 | |
| Financial charges | 65/66B | €1,449 | €3,931 | +€2,482 | +171% |
| Recurring financial charges | 65 | €1,449 | €3,931 | +€2,482 | +171% |
| Profit (loss) for the period before taxes | 9903 | €10,767 | €40,808 | +€30,041 | +279% |
| Income taxes | 67/77 | €500 | €1,000 | +€500 | +100% |
| Profit (loss) for the period | 9904 | €10,267 | €39,808 | +€29,541 | +288% |
| Profit (loss) for the period to be appropriated | 9905 | €10,267 | €39,808 | +€29,541 | +288% |
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 27 October 2026 via checked.be.