HB&QC: what changed
What changed
HB&QC
filed annual accounts (NBB)
Net result for the year
-€25,045
2024 · -€431-€24,614
Equity
€28,937
2024 · €53,982-€25,045
Cash
€3,937
2024 · €3,982-€45
Balance sheet total
€28,937
2024 · €53,982-€25,045
Largest movements
Assets
- Financial fixed assets -€25,000
down €25,000 (-50.0%), from €50,000 to €25,000
Equity and liabilities
- Profit (loss) carried forward -€25,045
down €25,045 (-80.7%), from -€31,018 to -€56,063
Income statement
- Financial charges +€25,002
up €25,002 (+57,475%), from €44 to €25,045
of which Non-recurring financial charges: +€25,000
- Gross operating margin +€387
no longer reported in 2025 (was -€387)
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.
Result 2024
-€431
Financial charges
-€25,002
Not broken down
+€387
Result 2025
-€25,045
lowers the resultnot broken down further in the accounts
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.
From operations
-€25,045
Investment
+€25,000
Financing
€0
Cash 2024
€3,982
From operations (derived)
-€25,045
Net result for the year
-€25,045
Investment (derived)
+€25,000
Investment in fixed assets (net)
+€25,000
Cash 2025
€3,937
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,982 | €28,937 | -€25,045 | -46.4% |
| Fixed assets | 21/28 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Financial fixed assets | 28 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Current assets | 29/58 | €3,982 | €3,937 | -€45 | -1.1% |
| Cash at bank and in hand | 54/58 | €3,982 | €3,937 | -€45 | -1.1% |
| Total equity and liabilities | 10/49 | €53,982 | €28,937 | -€25,045 | -46.4% |
| Equity | 10/15 | €53,982 | €28,937 | -€25,045 | -46.4% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,018 | -€56,063 | -€25,045 | -80.7% |
| Gross operating margin | 9900 | -€387 | - | +€387 | |
| Operating profit (loss) | 9901 | -€387 | - | +€387 | |
| Financial charges | 65/66B | €44 | €25,045 | +€25,002 | +57,475% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Non-recurring financial charges | 66B | - | €25,000 | +€25,000 | |
| Profit (loss) for the period before taxes | 9903 | -€431 | -€25,045 | -€24,614 | -5,713% |
| Profit (loss) for the period | 9904 | -€431 | -€25,045 | -€24,614 | -5,713% |
| Profit (loss) for the period to be appropriated | 9905 | -€431 | -€25,045 | -€24,614 | -5,713% |
Next steps
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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 6 November 2026 via checked.be.