J-Y. QUEVY: 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.
J-Y. QUEVY
Largest movements
- Cash +€2,686
up €2,686 (+1.7%), from €157,448 to €160,134
mainly Net result for the year (+€15,735) and Depreciation (+€3,119)
- Tangible fixed assets -€2,459
down €2,459 (-83.9%), from €2,930 to €472
- Receivables within one year -€2,380
down €2,380 (-19.5%), from €12,203 to €9,823
of which Other amounts receivable: -€1,696
- Other debts -€4,300
down €4,300 (-22.6%), from €19,000 to €14,700
- Gross operating margin -€9,411
down €9,411 (-26.8%), from €35,093 to €25,681
- Depreciation -€3,591
down €3,591 (-53.5%), from €6,710 to €3,119
- Taxes -€2,237
down €2,237 (-27.0%), from €8,299 to €6,062
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 | €175,551 | €173,304 | -€2,246 | -1.3% |
| Fixed assets | 21/28 | €2,930 | €472 | -€2,459 | -83.9% |
| Tangible fixed assets | 22/27 | €2,930 | €472 | -€2,459 | -83.9% |
| Furniture and vehicles | 24 | €2,930 | €472 | -€2,459 | -83.9% |
| Current assets | 29/58 | €172,620 | €172,833 | +€212 | +0.1% |
| Amounts receivable within one year | 40/41 | €12,203 | €9,823 | -€2,380 | -19.5% |
| Trade receivables | 40 | €2,441 | €1,757 | -€684 | -28.0% |
| Other amounts receivable | 41 | €9,762 | €8,066 | -€1,696 | -17.4% |
| Cash at bank and in hand | 54/58 | €157,448 | €160,134 | +€2,686 | +1.7% |
| Deferred charges and accrued income | 490/1 | €2,969 | €2,875 | -€94 | -3.2% |
| Total equity and liabilities | 10/49 | €175,551 | €173,304 | -€2,246 | -1.3% |
| Equity | 10/15 | €150,318 | €151,353 | +€1,035 | +0.7% |
| Contributions | 10/11 | €8,250 | €8,250 | = | 0.0% |
| Reserves | 13 | €141,000 | €141,000 | = | 0.0% |
| Distributable reserves | 133 | €141,000 | €141,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,068 | €2,103 | +€1,035 | +97.0% |
| Amounts payable | 17/49 | €25,233 | €21,952 | -€3,281 | -13.0% |
| Amounts payable within one year | 42/48 | €19,000 | €14,700 | -€4,300 | -22.6% |
| Other amounts payable | 47/48 | €19,000 | €14,700 | -€4,300 | -22.6% |
| Accrued charges and deferred income | 492/3 | €6,233 | €7,252 | +€1,019 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,710 | €3,119 | -€3,591 | -53.5% |
| Other operating charges | 640/8 | €755 | €917 | +€162 | +21.4% |
| Gross operating margin | 9900 | €35,093 | €25,681 | -€9,411 | -26.8% |
| Operating profit (loss) | 9901 | €27,628 | €21,646 | -€5,982 | -21.7% |
| Financial income | 75/76B | €460 | €447 | -€13 | -2.9% |
| Recurring financial income | 75 | €460 | €447 | -€13 | -2.9% |
| Financial charges | 65/66B | €274 | €295 | +€21 | +7.8% |
| Recurring financial charges | 65 | €274 | €295 | +€21 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €27,814 | €21,797 | -€6,017 | -21.6% |
| Income taxes | 67/77 | €8,299 | €6,062 | -€2,237 | -27.0% |
| Profit (loss) for the period | 9904 | €19,515 | €15,735 | -€3,780 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,515 | €15,735 | -€3,780 | -19.4% |
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 26 October 2026 via checked.be.