FREDERIC VAN QUICKENBORNE: what changed
FREDERIC VAN QUICKENBORNE
Largest movements
- Tangible fixed assets +€64,144
up €64,144 (+870%), from €7,369 to €71,513
of which Furniture and vehicles: +€61,536
- Receivables within one year +€32,697
up €32,697 (+35.5%), from €92,108 to €124,805
of which Other amounts receivable: +€33,610
- Current investments +€21,618
up €21,618 (+96.4%), from €22,423 to €44,041
- Cash -€6,740
down €6,740 (-19.6%), from €34,328 to €27,588
mainly Investment in fixed assets (net) (-€77,476) and Contributions, distributions and other (-€36,833)
- Debts after one year +€37,079
new in 2025: €37,079
- Other debts +€36,700
up €36,700 (+1,600%), from €2,294 to €38,994
- Reserves +€20,984
up €20,984 (+17.8%), from €117,580 to €138,564
- Current portion of long-term debt +€15,104
new in 2025: €15,104
- Tax, wage and social debts +€4,652
up €4,652 (+15.9%), from €29,326 to €33,978
of which Taxes: +€4,652
- Gross operating margin +€30,613
up €30,613 (+48.3%), from €63,398 to €94,011
- Depreciation +€10,583
up €10,583 (+385%), from €2,750 to €13,333
- Taxes +€5,074
up €5,074 (+27.4%), from €18,496 to €23,570
- Other operating charges -€1,599
down €1,599 (-84.3%), from €1,896 to €297
- Financial charges +€1,302
up €1,302 (+870%), from €150 to €1,452
Change in the result, 2024 to 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 2024 and 2025 balance sheets and the 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,222 | €275,749 | +€112,527 | +68.9% |
| Fixed assets | 21/28 | €12,729 | €76,873 | +€64,144 | +504% |
| Tangible fixed assets | 22/27 | €7,369 | €71,513 | +€64,144 | +870% |
| Plant, machinery and equipment | 23 | €0 | €2,608 | +€2,608 | |
| Furniture and vehicles | 24 | €7,369 | €68,905 | +€61,536 | +835% |
| Financial fixed assets | 28 | €5,360 | €5,360 | = | 0.0% |
| Current assets | 29/58 | €150,493 | €198,877 | +€48,383 | +32.1% |
| Amounts receivable within one year | 40/41 | €92,108 | €124,805 | +€32,697 | +35.5% |
| Trade receivables | 40 | €48,290 | €47,377 | -€913 | -1.9% |
| Other amounts receivable | 41 | €43,818 | €77,428 | +€33,610 | +76.7% |
| Current investments | 50/53 | €22,423 | €44,041 | +€21,618 | +96.4% |
| Cash at bank and in hand | 54/58 | €34,328 | €27,588 | -€6,740 | -19.6% |
| Deferred charges and accrued income | 490/1 | €1,633 | €2,442 | +€809 | +49.5% |
| Total equity and liabilities | 10/49 | €163,222 | €275,749 | +€112,527 | +68.9% |
| Equity | 10/15 | €123,654 | €144,764 | +€21,110 | +17.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €117,580 | €138,564 | +€20,984 | +17.8% |
| Distributable reserves | 133 | €117,580 | €138,564 | +€20,984 | +17.8% |
| Profit (loss) carried forward | 14 | -€126 | €0 | +€126 | |
| Amounts payable | 17/49 | €39,569 | €130,986 | +€91,417 | +231% |
| Amounts payable after more than one year | 17 | - | €37,079 | +€37,079 | |
| Financial debts | 170/4 | - | €37,079 | +€37,079 | |
| Amounts payable within one year | 42/48 | €39,569 | €93,907 | +€54,338 | +137% |
| Current portion of amounts payable after more than one year | 42 | - | €15,104 | +€15,104 | |
| Financial debts | 43 | €1,032 | €1,567 | +€535 | +51.8% |
| Credit institutions | 430/8 | €1,032 | €1,567 | +€535 | +51.8% |
| Trade debts | 44 | €6,917 | €4,265 | -€2,652 | -38.3% |
| Suppliers | 440/4 | €6,917 | €4,265 | -€2,652 | -38.3% |
| Taxes, remuneration and social security | 45 | €29,326 | €33,978 | +€4,652 | +15.9% |
| Taxes | 450/3 | €27,001 | €31,653 | +€4,652 | +17.2% |
| Remuneration and social security | 454/9 | €2,325 | €2,325 | = | 0.0% |
| Other amounts payable | 47/48 | €2,294 | €38,994 | +€36,700 | +1,600% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,750 | €13,333 | +€10,583 | +385% |
| Other operating charges | 640/8 | €1,896 | €297 | -€1,599 | -84.3% |
| Gross operating margin | 9900 | €63,398 | €94,011 | +€30,613 | +48.3% |
| Operating profit (loss) | 9901 | €58,752 | €80,382 | +€21,630 | +36.8% |
| Financial income | 75/76B | €1,656 | €2,584 | +€928 | +56.0% |
| Recurring financial income | 75 | €1,656 | €2,584 | +€928 | +56.0% |
| Financial charges | 65/66B | €150 | €1,452 | +€1,302 | +870% |
| Recurring financial charges | 65 | €150 | €1,452 | +€1,302 | +870% |
| Profit (loss) for the period before taxes | 9903 | €60,258 | €81,513 | +€21,255 | +35.3% |
| Income taxes | 67/77 | €18,496 | €23,570 | +€5,074 | +27.4% |
| Profit (loss) for the period | 9904 | €41,763 | €57,943 | +€16,181 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,763 | €57,943 | +€16,181 | +38.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.