IQADRI: 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.
IQADRI
Largest movements
- Receivables within one year +€31,421
up €31,421 (+176.5%), from €17,798 to €49,219
of which Trade receivables: +€34,830
- Cash +€1,163
up €1,163 (+16.3%), from €7,132 to €8,295
mainly Net result for the year (+€16,329) and Tax, wage and social debts (+€10,652)
- Deferred charges and accrued income +€702
new in 2025: €702
- Tangible fixed assets -€644
down €644 (-27.8%), from €2,317 to €1,673
- Profit (loss) carried forward +€16,329
up €16,329 (+115.0%), from €14,197 to €30,527
- Tax, wage and social debts +€10,652
up €10,652 (+133.6%), from €7,975 to €18,627
- Trade debts +€5,660
up €5,660 (+266.5%), from €2,124 to €7,784
- Gross operating margin +€14,811
up €14,811 (+127.9%), from €11,580 to €26,390
- Taxes +€3,019
up €3,019 (+81.9%), from €3,688 to €6,708
- Financial charges +€1,684
up €1,684 (+785.6%), from €214 to €1,898
- Other operating charges +€812
new in 2025: €812
- Depreciation +€293
up €293 (+83.3%), from €351 to €644
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 | €27,296 | €59,938 | +€32,642 | +119.6% |
| Fixed assets | 21/28 | €2,367 | €1,723 | -€644 | -27.2% |
| Tangible fixed assets | 22/27 | €2,317 | €1,673 | -€644 | -27.8% |
| Furniture and vehicles | 24 | €2,317 | €1,673 | -€644 | -27.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €24,930 | €58,215 | +€33,285 | +133.5% |
| Amounts receivable within one year | 40/41 | €17,798 | €49,219 | +€31,421 | +176.5% |
| Trade receivables | 40 | - | €34,830 | +€34,830 | |
| Other amounts receivable | 41 | €17,798 | €14,389 | -€3,409 | -19.2% |
| Cash at bank and in hand | 54/58 | €7,132 | €8,295 | +€1,163 | +16.3% |
| Deferred charges and accrued income | 490/1 | - | €702 | +€702 | |
| Total equity and liabilities | 10/49 | €27,296 | €59,938 | +€32,642 | +119.6% |
| Equity | 10/15 | €17,197 | €33,527 | +€16,329 | +95.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,197 | €30,527 | +€16,329 | +115.0% |
| Amounts payable | 17/49 | €10,099 | €26,411 | +€16,312 | +161.5% |
| Amounts payable within one year | 42/48 | €10,099 | €26,411 | +€16,312 | +161.5% |
| Trade debts | 44 | €2,124 | €7,784 | +€5,660 | +266.5% |
| Suppliers | 440/4 | €2,124 | €7,784 | +€5,660 | +266.5% |
| Taxes, remuneration and social security | 45 | €7,975 | €18,627 | +€10,652 | +133.6% |
| Taxes | 450/3 | €7,975 | €18,627 | +€10,652 | +133.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €351 | €644 | +€293 | +83.3% |
| Other operating charges | 640/8 | - | €812 | +€812 | |
| Gross operating margin | 9900 | €11,580 | €26,390 | +€14,811 | +127.9% |
| Operating profit (loss) | 9901 | €11,229 | €24,935 | +€13,707 | +122.1% |
| Financial charges | 65/66B | €214 | €1,898 | +€1,684 | +785.6% |
| Recurring financial charges | 65 | €214 | €1,898 | +€1,684 | +785.6% |
| Profit (loss) for the period before taxes | 9903 | €11,014 | €23,037 | +€12,023 | +109.2% |
| Income taxes | 67/77 | €3,688 | €6,708 | +€3,019 | +81.9% |
| Profit (loss) for the period | 9904 | €7,326 | €16,329 | +€9,004 | +122.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,326 | €16,329 | +€9,004 | +122.9% |
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.