NuQuest: what changed
Two fiscal 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.
NuQuest
Largest movements
- Cash -€18,072
down €18,072 (-65.2%), from €27,738 to €9,666
mainly Contributions, distributions and other (-€26,000) and Accrued charges and deferred income (-€24,452)
- Tangible fixed assets -€9,147
down €9,147 (-35.7%), from €25,656 to €16,509
of which Furniture and vehicles: -€6,939
- Current investments +€3,270
up €3,270 (+6.1%), from €53,705 to €56,975
- Accrued charges and deferred income -€24,452
down €24,452 (-93.0%), from €26,292 to €1,840
- Reserves +€9,128
up €9,128 (+19.0%), from €48,003 to €57,130
of which Distributable reserves: +€9,128
- Current portion of long-term debt -€5,993
no longer reported in 2025 (was €5,993)
- Trade debts -€1,905
down €1,905 (-38.3%), from €4,970 to €3,065
- Gross operating margin +€18,005
up €18,005 (+68.3%), from €26,375 to €44,381
- Financial income +€7,671
up €7,671 (+382.2%), from €2,007 to €9,677
- Taxes +€5,379
up €5,379 (+282.0%), from €1,908 to €7,286
- Other operating charges -€998
down €998 (-38.7%), from €2,581 to €1,583
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 | €122,988 | €99,323 | -€23,665 | -19.2% |
| Fixed assets | 21/28 | €25,656 | €16,509 | -€9,147 | -35.7% |
| Tangible fixed assets | 22/27 | €25,656 | €16,509 | -€9,147 | -35.7% |
| Plant, machinery and equipment | 23 | €5,030 | €2,822 | -€2,208 | -43.9% |
| Furniture and vehicles | 24 | €20,626 | €13,687 | -€6,939 | -33.6% |
| Current assets | 29/58 | €97,332 | €82,814 | -€14,518 | -14.9% |
| Amounts receivable within one year | 40/41 | €14,057 | €14,242 | +€185 | +1.3% |
| Other amounts receivable | 41 | €14,057 | €14,242 | +€185 | +1.3% |
| Current investments | 50/53 | €53,705 | €56,975 | +€3,270 | +6.1% |
| Cash at bank and in hand | 54/58 | €27,738 | €9,666 | -€18,072 | -65.2% |
| Deferred charges and accrued income | 490/1 | €1,832 | €1,931 | +€99 | +5.4% |
| Total equity and liabilities | 10/49 | €122,988 | €99,323 | -€23,665 | -19.2% |
| Equity | 10/15 | €66,603 | €75,730 | +€9,128 | +13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,003 | €57,130 | +€9,128 | +19.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €105 | €105 | = | 0.0% |
| Distributable reserves | 133 | €46,038 | €55,165 | +€9,128 | +19.8% |
| Amounts payable | 17/49 | €56,385 | €23,592 | -€32,793 | -58.2% |
| Amounts payable within one year | 42/48 | €30,093 | €21,753 | -€8,340 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €5,993 | - | -€5,993 | |
| Financial debts | 43 | - | €39 | +€39 | |
| Credit institutions | 430/8 | - | €39 | +€39 | |
| Trade debts | 44 | €4,970 | €3,065 | -€1,905 | -38.3% |
| Suppliers | 440/4 | €4,970 | €3,065 | -€1,905 | -38.3% |
| Taxes, remuneration and social security | 45 | €15,777 | €15,297 | -€480 | -3.0% |
| Taxes | 450/3 | €15,777 | €15,297 | -€480 | -3.0% |
| Other amounts payable | 47/48 | €3,353 | €3,353 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €26,292 | €1,840 | -€24,452 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,178 | €9,147 | -€31 | -0.3% |
| Other operating charges | 640/8 | €2,581 | €1,583 | -€998 | -38.7% |
| Gross operating margin | 9900 | €26,375 | €44,381 | +€18,005 | +68.3% |
| Operating profit (loss) | 9901 | €14,616 | €33,650 | +€19,034 | +130.2% |
| Financial income | 75/76B | €2,007 | €9,677 | +€7,671 | +382.2% |
| Recurring financial income | 75 | €2,007 | €9,677 | +€7,671 | +382.2% |
| Financial charges | 65/66B | €1,263 | €914 | -€349 | -27.6% |
| Recurring financial charges | 65 | €1,263 | €914 | -€349 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €15,360 | €42,414 | +€27,054 | +176.1% |
| Income taxes | 67/77 | €1,908 | €7,286 | +€5,379 | +282.0% |
| Profit (loss) for the period | 9904 | €13,452 | €35,128 | +€21,675 | +161.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,452 | €35,128 | +€21,675 | +161.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.