P-QUID: 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.
P-QUID
Largest movements
- Receivables within one year -€4,245
down €4,245 (-44.7%), from €9,499 to €5,254
of which Trade receivables: -€4,356
- Intangible fixed assets -€3,592
down €3,592 (-60.0%), from €5,986 to €2,395
- Cash +€1,504
up €1,504 (+45.0%), from €3,339 to €4,843
mainly Receivables within one year (+€4,245) and Depreciation (+€3,592)
- Profit (loss) carried forward -€5,334
down €5,334 (-77.8%), from €6,857 to €1,524
- Tax, wage and social debts -€831
no longer reported in 2025 (was €831)
- Depreciation -€3,117
down €3,117 (-46.5%), from €6,709 to €3,592
- Gross operating margin -€3,099
down €3,099, from €2,357 to -€742
- Taxes +€674
new in 2025: €674
- Other operating charges -€130
down €130 (-61.9%), from €210 to €80
- Financial charges +€26
up €26 (+11.9%), from €220 to €246
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 | €18,824 | €12,492 | -€6,332 | -33.6% |
| Fixed assets | 21/28 | €5,986 | €2,395 | -€3,592 | -60.0% |
| Intangible fixed assets | 21 | €5,986 | €2,395 | -€3,592 | -60.0% |
| Current assets | 29/58 | €12,838 | €10,097 | -€2,741 | -21.3% |
| Amounts receivable within one year | 40/41 | €9,499 | €5,254 | -€4,245 | -44.7% |
| Trade receivables | 40 | €9,499 | €5,143 | -€4,356 | -45.9% |
| Other amounts receivable | 41 | - | €111 | +€111 | |
| Cash at bank and in hand | 54/58 | €3,339 | €4,843 | +€1,504 | +45.0% |
| Total equity and liabilities | 10/49 | €18,824 | €12,492 | -€6,332 | -33.6% |
| Equity | 10/15 | €16,857 | €11,524 | -€5,334 | -31.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,857 | €1,524 | -€5,334 | -77.8% |
| Amounts payable | 17/49 | €1,967 | €968 | -€999 | -50.8% |
| Amounts payable within one year | 42/48 | €1,967 | €968 | -€999 | -50.8% |
| Trade debts | 44 | €1,135 | €968 | -€167 | -14.7% |
| Suppliers | 440/4 | €1,135 | €968 | -€167 | -14.7% |
| Taxes, remuneration and social security | 45 | €831 | - | -€831 | |
| Taxes | 450/3 | €831 | - | -€831 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,709 | €3,592 | -€3,117 | -46.5% |
| Other operating charges | 640/8 | €210 | €80 | -€130 | -61.9% |
| Gross operating margin | 9900 | €2,357 | -€742 | -€3,099 | |
| Operating profit (loss) | 9901 | -€4,562 | -€4,414 | +€149 | +3.3% |
| Financial charges | 65/66B | €220 | €246 | +€26 | +11.9% |
| Recurring financial charges | 65 | €220 | €246 | +€26 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,783 | -€4,660 | +€122 | +2.6% |
| Income taxes | 67/77 | - | €674 | +€674 | |
| Profit (loss) for the period | 9904 | -€4,783 | -€5,334 | -€551 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,783 | -€5,334 | -€551 | -11.5% |
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 5 October 2026 via checked.be.