O Q.G: what changed
O Q.G
Largest movements
- Tangible fixed assets -€27,769
down €27,769 (-88.6%), from €31,343 to €3,574
of which Plant, machinery and equipment: -€20,093
- Deferred charges and accrued income -€3,658
down €3,658 (-96.7%), from €3,782 to €124
- Cash -€2,420
down €2,420 (-32.3%), from €7,481 to €5,061
mainly Net result for the year (-€23,937) and Tax, wage and social debts (-€12,399)
- Receivables within one year +€1,282
up €1,282 (+52.4%), from €2,446 to €3,728
of which Trade receivables: +€975
- Intangible fixed assets -€609
down €609 (-100%), from €609 to €0
- Profit (loss) carried forward -€23,937
down €23,937 (-12.0%), from -€199,341 to -€223,278
- Tax, wage and social debts -€12,399
down €12,399 (-97.0%), from €12,777 to €378
of which Remuneration and social security: -€12,743
- Other debts +€7,042
up €7,042 (+3.1%), from €223,863 to €230,904
- Trade debts -€3,967
no longer reported in 2025 (was €3,967)
- Staff costs -€82,280
down €82,280 (-71.5%), from €115,075 to €32,795
- Gross operating margin -€67,163
down €67,163 (-64.4%), from €104,308 to €37,145
- Other operating charges +€24,490
up €24,490 (+1,686%), from €1,453 to €25,943
- Depreciation -€20,512
down €20,512 (-93.6%), from €21,904 to €1,392
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,865 | €26,604 | -€33,260 | -55.6% |
| Formation expenses | 20 | €86 | €0 | -€86 | -100% |
| Fixed assets | 21/28 | €32,162 | €3,784 | -€28,377 | -88.2% |
| Intangible fixed assets | 21 | €609 | €0 | -€609 | -100% |
| Tangible fixed assets | 22/27 | €31,343 | €3,574 | -€27,769 | -88.6% |
| Land and buildings | 22 | €1,963 | - | -€1,963 | |
| Plant, machinery and equipment | 23 | €20,262 | €169 | -€20,093 | -99.2% |
| Furniture and vehicles | 24 | €9,119 | €3,405 | -€5,714 | -62.7% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €27,616 | €22,820 | -€4,796 | -17.4% |
| Stocks and contracts in progress | 3 | €13,908 | €13,908 | = | 0.0% |
| Stocks | 30/36 | €13,908 | €13,908 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,446 | €3,728 | +€1,282 | +52.4% |
| Trade receivables | 40 | €2,340 | €3,315 | +€975 | +41.7% |
| Other amounts receivable | 41 | €106 | €413 | +€306 | +288% |
| Cash at bank and in hand | 54/58 | €7,481 | €5,061 | -€2,420 | -32.3% |
| Deferred charges and accrued income | 490/1 | €3,782 | €124 | -€3,658 | -96.7% |
| Total equity and liabilities | 10/49 | €59,865 | €26,604 | -€33,260 | -55.6% |
| Equity | 10/15 | -€180,741 | -€204,678 | -€23,937 | -13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,341 | -€223,278 | -€23,937 | -12.0% |
| Amounts payable | 17/49 | €240,606 | €231,282 | -€9,324 | -3.9% |
| Amounts payable within one year | 42/48 | €240,606 | €231,282 | -€9,324 | -3.9% |
| Trade debts | 44 | €3,967 | - | -€3,967 | |
| Suppliers | 440/4 | €3,967 | - | -€3,967 | |
| Taxes, remuneration and social security | 45 | €12,777 | €378 | -€12,399 | -97.0% |
| Taxes | 450/3 | €34 | €378 | +€344 | +1,026% |
| Remuneration and social security | 454/9 | €12,743 | - | -€12,743 | |
| Other amounts payable | 47/48 | €223,863 | €230,904 | +€7,042 | +3.1% |
| Remuneration, social security and pensions | 62 | €115,075 | €32,795 | -€82,280 | -71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,904 | €1,392 | -€20,512 | -93.6% |
| Other operating charges | 640/8 | €1,453 | €25,943 | +€24,490 | +1,686% |
| Gross operating margin | 9900 | €104,308 | €37,145 | -€67,163 | -64.4% |
| Operating profit (loss) | 9901 | -€34,124 | -€22,984 | +€11,140 | +32.6% |
| Financial charges | 65/66B | €1,143 | €952 | -€190 | -16.7% |
| Recurring financial charges | 65 | €1,143 | €952 | -€190 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€35,267 | -€23,937 | +€11,330 | +32.1% |
| Profit (loss) for the period | 9904 | -€35,267 | -€23,937 | +€11,330 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,267 | -€23,937 | +€11,330 | +32.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.