PQ-bouw: 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.
PQ-bouw
Largest movements
- Cash +€29,805
up €29,805 (+91.0%), from €32,744 to €62,550
mainly Net result for the year (+€19,223) and Trade debts (+€16,053)
- Tangible fixed assets +€21,916
up €21,916 (+270%), from €8,130 to €30,045
of which Furniture and vehicles: +€22,174
- Receivables within one year -€14,394
down €14,394 (-64.3%), from €22,376 to €7,982
of which Trade receivables: -€10,030
- Stocks and contracts -€7,500
no longer reported in 2025 (was €7,500)
- Deferred charges and accrued income +€2,377
new in 2025: €2,377
- Profit (loss) carried forward +€19,223
up €19,223 (+79.6%), from -€24,148 to -€4,925
- Trade debts +€16,053
up €16,053 (+165%), from €9,757 to €25,809
- Accrued charges and deferred income -€3,058
down €3,058 (-44.9%), from €6,811 to €3,753
- Staff costs -€26,843
down €26,843 (-99.8%), from €26,901 to €59
- Gross operating margin -€9,205
down €9,205 (-23.9%), from €38,501 to €29,296
- Taxes +€4,908
new in 2025: €4,908
- Depreciation +€2,245
up €2,245 (+56.2%), from €3,997 to €6,242
- Financial charges -€1,687
down €1,687 (-50.6%), from €3,335 to €1,648
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 | €70,750 | €102,954 | +€32,205 | +45.5% |
| Fixed assets | 21/28 | €8,130 | €30,045 | +€21,916 | +270% |
| Tangible fixed assets | 22/27 | €8,130 | €30,045 | +€21,916 | +270% |
| Plant, machinery and equipment | 23 | €2,035 | €1,776 | -€259 | -12.7% |
| Furniture and vehicles | 24 | €6,095 | €28,269 | +€22,174 | +364% |
| Current assets | 29/58 | €62,620 | €72,909 | +€10,289 | +16.4% |
| Stocks and contracts in progress | 3 | €7,500 | - | -€7,500 | |
| Contracts in progress | 37 | €7,500 | - | -€7,500 | |
| Amounts receivable within one year | 40/41 | €22,376 | €7,982 | -€14,394 | -64.3% |
| Trade receivables | 40 | €13,880 | €3,850 | -€10,030 | -72.3% |
| Other amounts receivable | 41 | €8,496 | €4,132 | -€4,364 | -51.4% |
| Cash at bank and in hand | 54/58 | €32,744 | €62,550 | +€29,805 | +91.0% |
| Deferred charges and accrued income | 490/1 | - | €2,377 | +€2,377 | |
| Total equity and liabilities | 10/49 | €70,750 | €102,954 | +€32,205 | +45.5% |
| Equity | 10/15 | €44,461 | €63,684 | +€19,223 | +43.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €53,609 | €53,609 | = | 0.0% |
| Distributable reserves | 133 | €53,609 | €53,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,148 | -€4,925 | +€19,223 | +79.6% |
| Amounts payable | 17/49 | €26,289 | €39,270 | +€12,981 | +49.4% |
| Amounts payable within one year | 42/48 | €19,478 | €35,517 | +€16,040 | +82.3% |
| Trade debts | 44 | €9,757 | €25,809 | +€16,053 | +165% |
| Suppliers | 440/4 | €9,757 | €25,809 | +€16,053 | +165% |
| Taxes, remuneration and social security | 45 | €9,721 | €9,708 | -€13 | -0.1% |
| Taxes | 450/3 | €9,721 | €9,708 | -€13 | -0.1% |
| Accrued charges and deferred income | 492/3 | €6,811 | €3,753 | -€3,058 | -44.9% |
| Non-recurring operating income | 76A | €620 | - | -€620 | |
| Remuneration, social security and pensions | 62 | €26,901 | €59 | -€26,843 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,997 | €6,242 | +€2,245 | +56.2% |
| Other operating charges | 640/8 | €1,554 | €2,099 | +€545 | +35.1% |
| Non-recurring operating charges | 66A | - | €905 | +€905 | |
| Gross operating margin | 9900 | €38,501 | €29,296 | -€9,205 | -23.9% |
| Operating profit (loss) | 9901 | €6,049 | €19,991 | +€13,942 | +230% |
| Financial income | 75/76B | €4,482 | €5,788 | +€1,306 | +29.1% |
| Recurring financial income | 75 | €4,482 | €5,788 | +€1,306 | +29.1% |
| Financial charges | 65/66B | €3,335 | €1,648 | -€1,687 | -50.6% |
| Recurring financial charges | 65 | €3,335 | €1,648 | -€1,687 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €7,196 | €24,131 | +€16,935 | +235% |
| Income taxes | 67/77 | - | €4,908 | +€4,908 | |
| Profit (loss) for the period | 9904 | €7,196 | €19,223 | +€12,027 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €7,196 | €19,223 | +€12,027 | +167% |
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.