GQ77: 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.
GQ77
Largest movements
- Receivables within one year -€10,981
down €10,981 (-59.0%), from €18,601 to €7,620
of which Other amounts receivable: -€11,199
- Cash -€6,191
down €6,191 (-27.2%), from €22,739 to €16,549
mainly Tax, wage and social debts (-€9,387) and Net result for the year (-€6,374)
- Tangible fixed assets -€883
down €883 (-50.1%), from €1,762 to €879
- Tax, wage and social debts -€9,387
down €9,387 (-48.9%), from €19,205 to €9,819
of which Taxes: -€12,472
- Profit (loss) carried forward -€6,374
down €6,374 (-23.0%), from -€27,772 to -€34,147
- Trade debts -€3,756
down €3,756 (-54.6%), from €6,880 to €3,124
- Short-term financial debts +€1,213
up €1,213 (+74.8%), from €1,622 to €2,835
- Other operating charges -€14,583
down €14,583 (-78.0%), from €18,697 to €4,114
- Write-downs -€8,000
down €8,000 (-100%), from €8,000 to €0
- Gross operating margin -€6,737
down €6,737 (-43.2%), from €15,605 to €8,868
- Financial charges +€6,545
up €6,545 (+242%), from €2,699 to €9,244
- Taxes -€720
down €720 (-29.2%), from €2,464 to €1,744
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 | €43,102 | €25,047 | -€18,055 | -41.9% |
| Fixed assets | 21/28 | €1,762 | €879 | -€883 | -50.1% |
| Tangible fixed assets | 22/27 | €1,762 | €879 | -€883 | -50.1% |
| Furniture and vehicles | 24 | €1,762 | €879 | -€883 | -50.1% |
| Current assets | 29/58 | €41,340 | €24,168 | -€17,172 | -41.5% |
| Amounts receivable within one year | 40/41 | €18,601 | €7,620 | -€10,981 | -59.0% |
| Trade receivables | 40 | €0 | €218 | +€218 | |
| Other amounts receivable | 41 | €18,601 | €7,402 | -€11,199 | -60.2% |
| Cash at bank and in hand | 54/58 | €22,739 | €16,549 | -€6,191 | -27.2% |
| Total equity and liabilities | 10/49 | €43,102 | €25,047 | -€18,055 | -41.9% |
| Equity | 10/15 | €15,395 | €9,021 | -€6,374 | -41.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,567 | €24,567 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €24,567 | €24,567 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,772 | -€34,147 | -€6,374 | -23.0% |
| Amounts payable | 17/49 | €27,707 | €16,027 | -€11,681 | -42.2% |
| Amounts payable within one year | 42/48 | €27,707 | €16,027 | -€11,681 | -42.2% |
| Financial debts | 43 | €1,622 | €2,835 | +€1,213 | +74.8% |
| Credit institutions | 430/8 | €1,622 | €2,835 | +€1,213 | +74.8% |
| Trade debts | 44 | €6,880 | €3,124 | -€3,756 | -54.6% |
| Suppliers | 440/4 | €6,880 | €3,124 | -€3,756 | -54.6% |
| Taxes, remuneration and social security | 45 | €19,205 | €9,819 | -€9,387 | -48.9% |
| Taxes | 450/3 | €19,205 | €6,733 | -€12,472 | -64.9% |
| Remuneration and social security | 454/9 | - | €3,085 | +€3,085 | |
| Other amounts payable | 47/48 | €0 | €248 | +€248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €879 | €883 | +€5 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,000 | €0 | -€8,000 | -100% |
| Other operating charges | 640/8 | €18,697 | €4,114 | -€14,583 | -78.0% |
| Non-recurring operating charges | 66A | €10,710 | €0 | -€10,710 | -100% |
| Gross operating margin | 9900 | €15,605 | €8,868 | -€6,737 | -43.2% |
| Operating profit (loss) | 9901 | -€22,681 | €3,870 | +€26,551 | |
| Financial income | 75/76B | €71 | €743 | +€671 | +944% |
| Recurring financial income | 75 | €71 | €743 | +€671 | +944% |
| Financial charges | 65/66B | €2,699 | €9,244 | +€6,545 | +242% |
| Recurring financial charges | 65 | €2,699 | €9,244 | +€6,545 | +242% |
| Profit (loss) for the period before taxes | 9903 | -€25,309 | -€4,631 | +€20,678 | +81.7% |
| Income taxes | 67/77 | €2,464 | €1,744 | -€720 | -29.2% |
| Profit (loss) for the period | 9904 | -€27,772 | -€6,374 | +€21,398 | +77.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,772 | -€6,374 | +€21,398 | +77.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.