Pierre Queritet: 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.
Pierre Queritet
Largest movements
- Cash -€84,877
down €84,877 (-27.5%), from €308,576 to €223,699
mainly Contributions, distributions and other (-€199,000) and Tax, wage and social debts (-€28,975)
- Receivables within one year -€63,583
down €63,583 (-61.0%), from €104,218 to €40,635
of which Trade receivables: -€52,698
- Reserves -€158,958
down €158,958 (-53.0%), from €299,857 to €140,899
- Other debts +€38,635
up €38,635, from €0 to €38,635
- Tax, wage and social debts -€28,975
down €28,975 (-26.6%), from €109,024 to €80,049
of which Taxes: -€28,975
- Gross operating margin -€191,990
down €191,990 (-77.6%), from €247,475 to €55,485
- Taxes -€46,178
down €46,178 (-80.7%), from €57,228 to €11,050
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 | €414,793 | €268,729 | -€146,063 | -35.2% |
| Fixed assets | 21/28 | €1,925 | €3,946 | +€2,021 | +105% |
| Tangible fixed assets | 22/27 | €1,925 | €1,446 | -€479 | -24.9% |
| Furniture and vehicles | 24 | €1,925 | €1,446 | -€479 | -24.9% |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €412,868 | €264,784 | -€148,084 | -35.9% |
| Amounts receivable within one year | 40/41 | €104,218 | €40,635 | -€63,583 | -61.0% |
| Trade receivables | 40 | €93,333 | €40,635 | -€52,698 | -56.5% |
| Other amounts receivable | 41 | €10,885 | €0 | -€10,885 | -100% |
| Cash at bank and in hand | 54/58 | €308,576 | €223,699 | -€84,877 | -27.5% |
| Deferred charges and accrued income | 490/1 | €74 | €450 | +€376 | +506% |
| Total equity and liabilities | 10/49 | €414,793 | €268,729 | -€146,063 | -35.2% |
| Equity | 10/15 | €304,857 | €145,899 | -€158,958 | -52.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €299,857 | €140,899 | -€158,958 | -53.0% |
| Distributable reserves | 133 | €299,857 | €140,899 | -€158,958 | -53.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €109,936 | €122,830 | +€12,894 | +11.7% |
| Amounts payable after more than one year | 17 | - | €2,500 | +€2,500 | |
| Other amounts payable | 178/9 | - | €2,500 | +€2,500 | |
| Amounts payable within one year | 42/48 | €109,936 | €120,330 | +€10,394 | +9.5% |
| Trade debts | 44 | €912 | €1,646 | +€734 | +80.6% |
| Suppliers | 440/4 | €912 | €1,646 | +€734 | +80.6% |
| Taxes, remuneration and social security | 45 | €109,024 | €80,049 | -€28,975 | -26.6% |
| Taxes | 450/3 | €109,024 | €80,049 | -€28,975 | -26.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €38,635 | +€38,635 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €473 | €603 | +€130 | +27.6% |
| Other operating charges | 640/8 | €715 | €684 | -€30 | -4.3% |
| Non-recurring operating charges | 66A | - | €1,925 | +€1,925 | |
| Gross operating margin | 9900 | €247,475 | €55,485 | -€191,990 | -77.6% |
| Operating profit (loss) | 9901 | €246,288 | €52,273 | -€194,015 | -78.8% |
| Financial income | 75/76B | €192 | €0 | -€192 | -99.8% |
| Recurring financial income | 75 | €192 | €0 | -€192 | -99.8% |
| Financial charges | 65/66B | €2,353 | €1,181 | -€1,172 | -49.8% |
| Recurring financial charges | 65 | €2,353 | €1,181 | -€1,172 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €244,126 | €51,092 | -€193,034 | -79.1% |
| Income taxes | 67/77 | €57,228 | €11,050 | -€46,178 | -80.7% |
| Profit (loss) for the period | 9904 | €186,899 | €40,042 | -€146,856 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €186,899 | €40,042 | -€146,856 | -78.6% |
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.