IQ: 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.
IQ
Largest movements
- Tangible fixed assets -€22,516
down €22,516 (-5.2%), from €434,834 to €412,318
of which Land and buildings: -€16,516
- Receivables within one year -€13,230
no longer reported in 2025 (was €13,230)
- Cash +€10,843
up €10,843 (+46.5%), from €23,297 to €34,139
mainly Depreciation (+€22,516) and Receivables within one year (+€13,230)
- Debts after one year -€15,874
down €15,874 (-3.9%), from €409,575 to €393,701
of which Financial debts: -€23,476
- Profit (loss) carried forward -€11,025
down €11,025 (-60.8%), from €18,129 to €7,104
- Gross operating margin -€21,225
down €21,225 (-46.2%), from €45,936 to €24,711
- Staff costs -€14,001
no longer reported in 2025 (was €14,001)
- Other operating charges +€2,421
up €2,421 (+118.0%), from €2,052 to €4,474
- Financial charges -€797
down €797 (-8.4%), from €9,543 to €8,747
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.
Cash bridge derived
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 | €474,077 | €447,780 | -€26,297 | -5.5% |
| Fixed assets | 21/28 | €434,834 | €412,318 | -€22,516 | -5.2% |
| Tangible fixed assets | 22/27 | €434,834 | €412,318 | -€22,516 | -5.2% |
| Land and buildings | 22 | €412,625 | €396,110 | -€16,516 | -4.0% |
| Furniture and vehicles | 24 | €22,208 | €16,208 | -€6,000 | -27.0% |
| Current assets | 29/58 | €39,244 | €35,462 | -€3,782 | -9.6% |
| Amounts receivable within one year | 40/41 | €13,230 | - | -€13,230 | |
| Trade receivables | 40 | €13,230 | - | -€13,230 | |
| Cash at bank and in hand | 54/58 | €23,297 | €34,139 | +€10,843 | +46.5% |
| Deferred charges and accrued income | 490/1 | €2,717 | €1,323 | -€1,394 | -51.3% |
| Total equity and liabilities | 10/49 | €474,077 | €447,780 | -€26,297 | -5.5% |
| Equity | 10/15 | €33,188 | €22,163 | -€11,025 | -33.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,859 | €8,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,859 | €8,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,129 | €7,104 | -€11,025 | -60.8% |
| Amounts payable | 17/49 | €440,889 | €425,617 | -€15,272 | -3.5% |
| Amounts payable after more than one year | 17 | €409,575 | €393,701 | -€15,874 | -3.9% |
| Financial debts | 170/4 | €212,075 | €188,599 | -€23,476 | -11.1% |
| Other amounts payable | 178/9 | €197,500 | €205,102 | +€7,602 | +3.8% |
| Amounts payable within one year | 42/48 | €31,314 | €31,916 | +€602 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €22,650 | €23,476 | +€826 | +3.6% |
| Trade debts | 44 | €27 | €1,076 | +€1,050 | +3961.7% |
| Suppliers | 440/4 | €27 | €1,076 | +€1,050 | +3961.7% |
| Taxes, remuneration and social security | 45 | €1,316 | €24 | -€1,292 | -98.2% |
| Taxes | 450/3 | €150 | €24 | -€126 | -84.0% |
| Remuneration and social security | 454/9 | €1,166 | - | -€1,166 | |
| Other amounts payable | 47/48 | €7,322 | €7,340 | +€18 | +0.2% |
| Remuneration, social security and pensions | 62 | €14,001 | - | -€14,001 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,516 | €22,516 | = | 0.0% |
| Other operating charges | 640/8 | €2,052 | €4,474 | +€2,421 | +118.0% |
| Gross operating margin | 9900 | €45,936 | €24,711 | -€21,225 | -46.2% |
| Operating profit (loss) | 9901 | €7,366 | -€2,279 | -€9,645 | |
| Financial charges | 65/66B | €9,543 | €8,747 | -€797 | -8.4% |
| Recurring financial charges | 65 | €9,543 | €8,747 | -€797 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,177 | -€11,025 | -€8,848 | -406.4% |
| Profit (loss) for the period | 9904 | -€2,177 | -€11,025 | -€8,848 | -406.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,177 | -€11,025 | -€8,848 | -406.4% |
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 10 October 2026 via checked.be.