Q & B: 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 & B
Largest movements
- Deferred charges and accrued income +€8,508
up €8,508 (+1,340%), from €635 to €9,143
- Tangible fixed assets -€1,370
down €1,370 (-21.2%), from €6,451 to €5,081
of which Plant, machinery and equipment: -€711
- Receivables within one year +€1,330
up €1,330 (+34.6%), from €3,847 to €5,177
of which Trade receivables: +€1,369
- Cash -€1,082
down €1,082 (-27.3%), from €3,967 to €2,885
mainly Deferred charges and accrued income (-€8,508) and Net result for the year (-€4,458)
- Advances received +€8,477
up €8,477 (+1,013%), from €837 to €9,314
- Profit (loss) carried forward -€4,458
down €4,458 (-33.0%), from -€13,499 to -€17,957
- Other debts +€3,937
up €3,937 (+23.6%), from €16,666 to €20,603
- Trade debts -€623
down €623 (-18.3%), from €3,401 to €2,778
- Gross operating margin -€7,462
down €7,462 (-97.6%), from €7,644 to €182
- Depreciation -€232
down €232 (-5.2%), from €4,503 to €4,271
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 | €15,467 | €22,800 | +€7,333 | +47.4% |
| Fixed assets | 21/28 | €7,018 | €5,595 | -€1,423 | -20.3% |
| Tangible fixed assets | 22/27 | €6,451 | €5,081 | -€1,370 | -21.2% |
| Plant, machinery and equipment | 23 | €1,264 | €553 | -€711 | -56.3% |
| Furniture and vehicles | 24 | €5,187 | €4,528 | -€659 | -12.7% |
| Financial fixed assets | 28 | €567 | €514 | -€53 | -9.3% |
| Current assets | 29/58 | €8,449 | €17,205 | +€8,756 | +104% |
| Amounts receivable within one year | 40/41 | €3,847 | €5,177 | +€1,330 | +34.6% |
| Trade receivables | 40 | €1,259 | €2,628 | +€1,369 | +109% |
| Other amounts receivable | 41 | €2,588 | €2,549 | -€39 | -1.5% |
| Cash at bank and in hand | 54/58 | €3,967 | €2,885 | -€1,082 | -27.3% |
| Deferred charges and accrued income | 490/1 | €635 | €9,143 | +€8,508 | +1,340% |
| Total equity and liabilities | 10/49 | €15,467 | €22,800 | +€7,333 | +47.4% |
| Equity | 10/15 | -€5,437 | -€9,895 | -€4,458 | -82.0% |
| Contributions | 10/11 | €6,202 | €6,202 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,499 | -€17,957 | -€4,458 | -33.0% |
| Amounts payable | 17/49 | €20,904 | €32,695 | +€11,791 | +56.4% |
| Amounts payable within one year | 42/48 | €20,904 | €32,695 | +€11,791 | +56.4% |
| Trade debts | 44 | €3,401 | €2,778 | -€623 | -18.3% |
| Suppliers | 440/4 | €3,401 | €2,778 | -€623 | -18.3% |
| Advances received on contracts in progress | 46 | €837 | €9,314 | +€8,477 | +1,013% |
| Other amounts payable | 47/48 | €16,666 | €20,603 | +€3,937 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,503 | €4,271 | -€232 | -5.2% |
| Gross operating margin | 9900 | €7,644 | €182 | -€7,462 | -97.6% |
| Operating profit (loss) | 9901 | €3,141 | -€4,089 | -€7,230 | |
| Financial charges | 65/66B | €366 | €369 | +€3 | +0.8% |
| Recurring financial charges | 65 | €366 | €369 | +€3 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €2,775 | -€4,458 | -€7,233 | |
| Profit (loss) for the period | 9904 | €2,775 | -€4,458 | -€7,233 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,775 | -€4,458 | -€7,233 |
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 17 October 2026 via checked.be.