IQ CONCEPT: 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 CONCEPT
Largest movements
- Current investments +€21,478
up €21,478 (+12.6%), from €170,361 to €191,839
- Receivables within one year -€14,352
down €14,352 (-29.9%), from €47,930 to €33,578
of which Trade receivables: -€19,645
- Cash +€8,004
up €8,004 (+49.1%), from €16,287 to €24,291
mainly Net result for the year (+€32,350) and Receivables within one year (+€14,352)
- Reserves +€32,340
up €32,340 (+17.2%), from €188,045 to €220,385
- Other debts -€17,329
down €17,329 (-74.8%), from €23,156 to €5,826
- Gross operating margin -€21,242
down €21,242 (-30.4%), from €69,787 to €48,545
- Taxes -€4,258
down €4,258 (-21.0%), from €20,273 to €16,015
- Financial income -€3,509
down €3,509 (-58.1%), from €6,037 to €2,528
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 | €239,407 | €254,890 | +€15,482 | +6.5% |
| Fixed assets | 21/28 | €2,891 | €2,600 | -€291 | -10.1% |
| Tangible fixed assets | 22/27 | €2,801 | €2,510 | -€291 | -10.4% |
| Furniture and vehicles | 24 | €2,801 | €2,510 | -€291 | -10.4% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €236,516 | €252,290 | +€15,774 | +6.7% |
| Amounts receivable within one year | 40/41 | €47,930 | €33,578 | -€14,352 | -29.9% |
| Trade receivables | 40 | €47,930 | €28,285 | -€19,645 | -41.0% |
| Other amounts receivable | 41 | €0 | €5,293 | +€5,293 | |
| Current investments | 50/53 | €170,361 | €191,839 | +€21,478 | +12.6% |
| Cash at bank and in hand | 54/58 | €16,287 | €24,291 | +€8,004 | +49.1% |
| Deferred charges and accrued income | 490/1 | €1,938 | €2,581 | +€643 | +33.2% |
| Total equity and liabilities | 10/49 | €239,407 | €254,890 | +€15,482 | +6.5% |
| Equity | 10/15 | €208,800 | €241,151 | +€32,350 | +15.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €188,045 | €220,385 | +€32,340 | +17.2% |
| Distributable reserves | 133 | €188,045 | €220,385 | +€32,340 | +17.2% |
| Profit (loss) carried forward | 14 | €755 | €766 | +€10 | +1.3% |
| Amounts payable | 17/49 | €30,607 | €13,739 | -€16,868 | -55.1% |
| Amounts payable within one year | 42/48 | €29,936 | €12,386 | -€17,550 | -58.6% |
| Trade debts | 44 | €1,403 | €1,676 | +€272 | +19.4% |
| Suppliers | 440/4 | €1,403 | €1,676 | +€272 | +19.4% |
| Taxes, remuneration and social security | 45 | €5,378 | €4,884 | -€494 | -9.2% |
| Taxes | 450/3 | €5,378 | €4,884 | -€494 | -9.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €23,156 | €5,826 | -€17,329 | -74.8% |
| Accrued charges and deferred income | 492/3 | €671 | €1,353 | +€683 | +102% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,497 | €1,181 | -€317 | -21.1% |
| Other operating charges | 640/8 | €661 | €826 | +€165 | +25.0% |
| Gross operating margin | 9900 | €69,787 | €48,545 | -€21,242 | -30.4% |
| Operating profit (loss) | 9901 | €67,629 | €46,538 | -€21,091 | -31.2% |
| Financial income | 75/76B | €6,037 | €2,528 | -€3,509 | -58.1% |
| Recurring financial income | 75 | €6,037 | €2,528 | -€3,509 | -58.1% |
| Financial charges | 65/66B | €747 | €700 | -€47 | -6.2% |
| Recurring financial charges | 65 | €747 | €700 | -€47 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €72,919 | €48,365 | -€24,554 | -33.7% |
| Income taxes | 67/77 | €20,273 | €16,015 | -€4,258 | -21.0% |
| Profit (loss) for the period | 9904 | €52,646 | €32,350 | -€20,295 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,646 | €32,350 | -€20,295 | -38.6% |
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 15 October 2026 via checked.be.