Inge Quaghebeur: 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.
Inge Quaghebeur
Largest movements
- Cash +€25,032
up €25,032 (+114%), from €22,037 to €47,069
mainly Net result for the year (+€32,141) and Other debts (+€5,552)
- Tangible fixed assets +€11,629
up €11,629 (+403%), from €2,886 to €14,515
of which Furniture and vehicles: +€12,359
- Receivables within one year +€3,894
up €3,894 (+45.7%), from €8,518 to €12,412
- Deferred charges and accrued income +€764
up €764 (+94.7%), from €807 to €1,572
- Reserves +€32,141
up €32,141 (+124%), from €25,839 to €57,979
- Other debts +€5,552
up €5,552 (+41,498%), from €13 to €5,566
- Tax, wage and social debts +€4,079
up €4,079 (+73.1%), from €5,583 to €9,662
of which Taxes: +€3,579
- Gross operating margin +€39,114
up €39,114 (+300%), from €13,051 to €52,165
- Taxes +€10,579
up €10,579 (+343%), from €3,083 to €13,662
- Depreciation +€2,216
up €2,216 (+110%), from €2,011 to €4,227
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 | €34,249 | €75,568 | +€41,319 | +121% |
| Fixed assets | 21/28 | €2,886 | €14,515 | +€11,629 | +403% |
| Tangible fixed assets | 22/27 | €2,886 | €14,515 | +€11,629 | +403% |
| Plant, machinery and equipment | 23 | €730 | - | -€730 | |
| Furniture and vehicles | 24 | €2,156 | €14,515 | +€12,359 | +573% |
| Current assets | 29/58 | €31,363 | €61,052 | +€29,690 | +94.7% |
| Amounts receivable within one year | 40/41 | €8,518 | €12,412 | +€3,894 | +45.7% |
| Trade receivables | 40 | €8,518 | €12,412 | +€3,894 | +45.7% |
| Cash at bank and in hand | 54/58 | €22,037 | €47,069 | +€25,032 | +114% |
| Deferred charges and accrued income | 490/1 | €807 | €1,572 | +€764 | +94.7% |
| Total equity and liabilities | 10/49 | €34,249 | €75,568 | +€41,319 | +121% |
| Equity | 10/15 | €27,339 | €59,479 | +€32,141 | +118% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €25,839 | €57,979 | +€32,141 | +124% |
| Distributable reserves | 133 | €25,839 | €57,979 | +€32,141 | +124% |
| Amounts payable | 17/49 | €6,910 | €16,088 | +€9,178 | +133% |
| Amounts payable within one year | 42/48 | €6,910 | €16,088 | +€9,178 | +133% |
| Trade debts | 44 | €1,314 | €860 | -€453 | -34.5% |
| Suppliers | 440/4 | €1,314 | €860 | -€453 | -34.5% |
| Taxes, remuneration and social security | 45 | €5,583 | €9,662 | +€4,079 | +73.1% |
| Taxes | 450/3 | €3,083 | €6,662 | +€3,579 | +116% |
| Remuneration and social security | 454/9 | €2,500 | €3,000 | +€500 | +20.0% |
| Other amounts payable | 47/48 | €13 | €5,566 | +€5,552 | +41,498% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,011 | €4,227 | +€2,216 | +110% |
| Other operating charges | 640/8 | €882 | €738 | -€145 | -16.4% |
| Gross operating margin | 9900 | €13,051 | €52,165 | +€39,114 | +300% |
| Operating profit (loss) | 9901 | €10,157 | €47,200 | +€37,043 | +365% |
| Financial income | 75/76B | €213 | €0 | -€213 | -100.0% |
| Recurring financial income | 75 | €213 | €0 | -€213 | -100.0% |
| Financial charges | 65/66B | €1,704 | €1,397 | -€307 | -18.0% |
| Recurring financial charges | 65 | €1,704 | €1,397 | -€307 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €8,666 | €45,803 | +€37,137 | +429% |
| Income taxes | 67/77 | €3,083 | €13,662 | +€10,579 | +343% |
| Profit (loss) for the period | 9904 | €5,582 | €32,141 | +€26,558 | +476% |
| Profit (loss) for the period to be appropriated | 9905 | €5,582 | €32,141 | +€26,558 | +476% |
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 14 October 2026 via checked.be.