Q&A MANAGEMENT: 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.
Q&A MANAGEMENT
Largest movements
- Receivables within one year -€32,821
down €32,821 (-91.0%), from €36,077 to €3,256
of which Other amounts receivable: -€32,821
- Cash -€18,480
down €18,480 (-97.6%), from €18,936 to €456
mainly Net result for the year (-€37,572) and Tax, wage and social debts (-€14,151)
- Reserves -€37,200
down €37,200 (-33.2%), from €112,000 to €74,800
- Tax, wage and social debts -€14,151
down €14,151 (-98.7%), from €14,341 to €190
- Gross operating margin -€25,897
down €25,897 (-180%), from -€14,407 to -€40,304
- Depreciation -€6,714
down €6,714 (-85.5%), from €7,854 to €1,140
- Taxes -€3,095
down €3,095 (-55.0%), from €5,631 to €2,536
- Financial income +€2,660
up €2,660 (+56.7%), from €4,692 to €7,352
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 | €132,994 | €80,617 | -€52,377 | -39.4% |
| Fixed assets | 21/28 | €1,829 | €689 | -€1,140 | -62.3% |
| Tangible fixed assets | 22/27 | €1,829 | €689 | -€1,140 | -62.3% |
| Furniture and vehicles | 24 | €1,829 | €689 | -€1,140 | -62.3% |
| Current assets | 29/58 | €131,165 | €79,928 | -€51,236 | -39.1% |
| Amounts receivable within one year | 40/41 | €36,077 | €3,256 | -€32,821 | -91.0% |
| Trade receivables | 40 | €2,286 | €2,286 | = | 0.0% |
| Other amounts receivable | 41 | €33,791 | €969 | -€32,821 | -97.1% |
| Current investments | 50/53 | €75,156 | €75,156 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,936 | €456 | -€18,480 | -97.6% |
| Deferred charges and accrued income | 490/1 | €996 | €1,061 | +€65 | +6.6% |
| Total equity and liabilities | 10/49 | €132,994 | €80,617 | -€52,377 | -39.4% |
| Equity | 10/15 | €113,429 | €75,857 | -€37,572 | -33.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €112,000 | €74,800 | -€37,200 | -33.2% |
| Distributable reserves | 133 | €112,000 | €74,800 | -€37,200 | -33.2% |
| Profit (loss) carried forward | 14 | €429 | €57 | -€372 | -86.8% |
| Amounts payable | 17/49 | €19,565 | €4,761 | -€14,804 | -75.7% |
| Amounts payable within one year | 42/48 | €19,431 | €4,753 | -€14,678 | -75.5% |
| Trade debts | 44 | €5,090 | €3,813 | -€1,277 | -25.1% |
| Suppliers | 440/4 | €5,090 | €3,813 | -€1,277 | -25.1% |
| Taxes, remuneration and social security | 45 | €14,341 | €190 | -€14,151 | -98.7% |
| Taxes | 450/3 | €14,341 | €190 | -€14,151 | -98.7% |
| Other amounts payable | 47/48 | - | €749 | +€749 | |
| Accrued charges and deferred income | 492/3 | €134 | €8 | -€126 | -94.1% |
| Non-recurring operating income | 76A | €286 | - | -€286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,854 | €1,140 | -€6,714 | -85.5% |
| Other operating charges | 640/8 | €663 | €780 | +€117 | +17.7% |
| Gross operating margin | 9900 | -€14,407 | -€40,304 | -€25,897 | -180% |
| Operating profit (loss) | 9901 | -€22,924 | -€42,224 | -€19,300 | -84.2% |
| Financial income | 75/76B | €4,692 | €7,352 | +€2,660 | +56.7% |
| Recurring financial income | 75 | €4,692 | €7,352 | +€2,660 | +56.7% |
| Financial charges | 65/66B | €472 | €165 | -€308 | -65.2% |
| Recurring financial charges | 65 | €472 | €165 | -€308 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,704 | -€35,037 | -€16,332 | -87.3% |
| Income taxes | 67/77 | €5,631 | €2,536 | -€3,095 | -55.0% |
| Profit (loss) for the period | 9904 | -€24,335 | -€37,572 | -€13,237 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,335 | -€37,572 | -€13,237 | -54.4% |
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 24 October 2026 via checked.be.