IQUAS: 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.
IQUAS
Largest movements
- Cash -€1,579
down €1,579 (-11.7%), from €13,523 to €11,944
mainly Net result for the year (-€2,377) and Trade debts (-€141)
- Stocks and contracts -€275
down €275 (-6.9%), from €3,960 to €3,685
- Receivables within one year -€264
down €264 (-98.3%), from €269 to €5
- Profit (loss) carried forward -€2,377
down €2,377 (-1.9%), from -€126,449 to -€128,826
- Accrued charges and deferred income +€400
new in 2025: €400
- Depreciation -€641
no longer reported in 2025 (was €641)
- Gross operating margin +€204
up €204 (+15.4%), from -€1,322 to -€1,118
- Write-downs -€156
down €156 (-36.2%), from €430 to €275
- Other operating charges +€16
up €16 (+3.0%), from €528 to €544
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 | €17,751 | €15,634 | -€2,118 | -11.9% |
| Current assets | 29/58 | €17,751 | €15,634 | -€2,118 | -11.9% |
| Stocks and contracts in progress | 3 | €3,960 | €3,685 | -€275 | -6.9% |
| Stocks | 30/36 | €3,960 | €3,685 | -€275 | -6.9% |
| Amounts receivable within one year | 40/41 | €269 | €5 | -€264 | -98.3% |
| Other amounts receivable | 41 | €269 | €5 | -€264 | -98.3% |
| Cash at bank and in hand | 54/58 | €13,523 | €11,944 | -€1,579 | -11.7% |
| Total equity and liabilities | 10/49 | €17,751 | €15,634 | -€2,118 | -11.9% |
| Equity | 10/15 | -€106,449 | -€108,826 | -€2,377 | -2.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,449 | -€128,826 | -€2,377 | -1.9% |
| Amounts payable | 17/49 | €124,201 | €124,460 | +€260 | +0.2% |
| Amounts payable within one year | 42/48 | €124,201 | €124,060 | -€141 | -0.1% |
| Trade debts | 44 | €104,201 | €104,060 | -€141 | -0.1% |
| Suppliers | 440/4 | €104,201 | €104,060 | -€141 | -0.1% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €641 | - | -€641 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €430 | €275 | -€156 | -36.2% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | -€1,322 | -€1,118 | +€204 | +15.4% |
| Operating profit (loss) | 9901 | -€2,921 | -€1,937 | +€985 | +33.7% |
| Financial charges | 65/66B | €439 | €440 | +€1 | +0.3% |
| Recurring financial charges | 65 | €439 | €440 | +€1 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,361 | -€2,377 | +€984 | +29.3% |
| Profit (loss) for the period | 9904 | -€3,361 | -€2,377 | +€984 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,361 | -€2,377 | +€984 | +29.3% |
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 29 October 2026 via checked.be.