DQUET: what changed
DQUET
Largest movements
- Stocks and contracts +€49,399
up €49,399 (+9,287%), from €532 to €49,931
of which Contracts in progress: +€49,500
- Tangible fixed assets -€29,871
down €29,871 (-18.0%), from €165,533 to €135,662
of which Furniture and vehicles: -€19,186
- Receivables within one year +€19,218
up €19,218 (+134%), from €14,360 to €33,578
of which Trade receivables: +€16,583
- Cash -€6,687
down €6,687 (-46.0%), from €14,548 to €7,861
mainly Stocks and contracts (-€49,399) and Debts after one year (-€22,197)
- Trade debts +€22,680
up €22,680 (+187%), from €12,136 to €34,816
- Debts after one year -€22,197
down €22,197 (-24.0%), from €92,437 to €70,240
- Short-term financial debts +€18,733
new in 2025: €18,733
- Other debts +€6,758
up €6,758 (+41.4%), from €16,318 to €23,076
- Tax, wage and social debts +€4,571
up €4,571 (+31.8%), from €14,397 to €18,968
of which Remuneration and social security: +€6,846
- Staff costs +€33,738
new in 2025: €33,738
- Gross operating margin -€7,892
down €7,892 (-9.9%), from €79,966 to €72,074
- Taxes -€4,776
down €4,776 (-77.8%), from €6,136 to €1,360
- Financial charges -€4,338
down €4,338 (-53.4%), from €8,118 to €3,780
- Depreciation -€1,255
down €1,255 (-4.0%), from €31,125 to €29,871
Change in the result, 31-03-2025 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 31-03-2025 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 31-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €195,075 | €230,647 | +€35,572 | +18.2% |
| Fixed assets | 21/28 | €165,533 | €137,912 | -€27,621 | -16.7% |
| Tangible fixed assets | 22/27 | €165,533 | €135,662 | -€29,871 | -18.0% |
| Plant, machinery and equipment | 23 | €12,011 | €11,891 | -€120 | -1.0% |
| Furniture and vehicles | 24 | €92,397 | €73,211 | -€19,186 | -20.8% |
| Leasing and similar rights | 25 | €61,125 | €50,560 | -€10,565 | -17.3% |
| Financial fixed assets | 28 | - | €2,250 | +€2,250 | |
| Current assets | 29/58 | €29,542 | €92,735 | +€63,192 | +214% |
| Stocks and contracts in progress | 3 | €532 | €49,931 | +€49,399 | +9,287% |
| Stocks | 30/36 | €532 | €431 | -€101 | -19.0% |
| Contracts in progress | 37 | - | €49,500 | +€49,500 | |
| Amounts receivable within one year | 40/41 | €14,360 | €33,578 | +€19,218 | +134% |
| Trade receivables | 40 | €12,078 | €28,661 | +€16,583 | +137% |
| Other amounts receivable | 41 | €2,282 | €4,917 | +€2,635 | +115% |
| Cash at bank and in hand | 54/58 | €14,548 | €7,861 | -€6,687 | -46.0% |
| Deferred charges and accrued income | 490/1 | €102 | €1,365 | +€1,263 | +1,236% |
| Total equity and liabilities | 10/49 | €195,075 | €230,647 | +€35,572 | +18.2% |
| Equity | 10/15 | €29,959 | €31,558 | +€1,599 | +5.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,459 | €29,058 | +€1,599 | +5.8% |
| Amounts payable | 17/49 | €165,116 | €199,089 | +€33,972 | +20.6% |
| Amounts payable after more than one year | 17 | €92,437 | €70,240 | -€22,197 | -24.0% |
| Financial debts | 170/4 | €92,437 | €70,240 | -€22,197 | -24.0% |
| Amounts payable within one year | 42/48 | €72,613 | €126,298 | +€53,684 | +73.9% |
| Current portion of amounts payable after more than one year | 42 | €29,763 | €30,705 | +€942 | +3.2% |
| Financial debts | 43 | - | €18,733 | +€18,733 | |
| Credit institutions | 430/8 | - | €18,733 | +€18,733 | |
| Trade debts | 44 | €12,136 | €34,816 | +€22,680 | +187% |
| Suppliers | 440/4 | €12,136 | €34,816 | +€22,680 | +187% |
| Taxes, remuneration and social security | 45 | €14,397 | €18,968 | +€4,571 | +31.8% |
| Taxes | 450/3 | €12,509 | €10,234 | -€2,275 | -18.2% |
| Remuneration and social security | 454/9 | €1,888 | €8,734 | +€6,846 | +363% |
| Other amounts payable | 47/48 | €16,318 | €23,076 | +€6,758 | +41.4% |
| Accrued charges and deferred income | 492/3 | €66 | €2,551 | +€2,485 | +3,782% |
| Remuneration, social security and pensions | 62 | - | €33,738 | +€33,738 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,125 | €29,871 | -€1,255 | -4.0% |
| Other operating charges | 640/8 | €2,110 | €1,873 | -€237 | -11.2% |
| Non-recurring operating charges | 66A | €5,018 | €0 | -€5,018 | -100% |
| Gross operating margin | 9900 | €79,966 | €72,074 | -€7,892 | -9.9% |
| Operating profit (loss) | 9901 | €41,713 | €6,592 | -€35,121 | -84.2% |
| Financial income | 75/76B | - | €147 | +€147 | |
| Recurring financial income | 75 | - | €147 | +€147 | |
| Financial charges | 65/66B | €8,118 | €3,780 | -€4,338 | -53.4% |
| Recurring financial charges | 65 | €8,118 | €3,780 | -€4,338 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | €33,595 | €2,959 | -€30,636 | -91.2% |
| Income taxes | 67/77 | €6,136 | €1,360 | -€4,776 | -77.8% |
| Profit (loss) for the period | 9904 | €27,459 | €1,599 | -€25,860 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,459 | €1,599 | -€25,860 | -94.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.