Q-BRIDGE: 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.
Q-BRIDGE
Largest movements
- Tangible fixed assets -€36,796
down €36,796 (-6.7%), from €548,442 to €511,646
of which Land and buildings: -€21,149
- Receivables within one year -€25,720
down €25,720 (-42.8%), from €60,105 to €34,385
of which Trade receivables: -€33,459
- Cash +€24,429
up €24,429 (+345.6%), from €7,068 to €31,496
mainly Depreciation (+€37,613) and Receivables within one year (+€25,720)
- Debts after one year -€24,518
down €24,518 (-39.3%), from €62,380 to €37,862
- Tax, wage and social debts -€17,120
down €17,120 (-60.1%), from €28,475 to €11,355
of which Taxes: -€10,720
- Gross operating margin -€17,397
down €17,397 (-24.9%), from €70,002 to €52,605
- Taxes -€7,752
down €7,752 (-77.4%), from €10,013 to €2,262
- Depreciation +€7,220
up €7,220 (+23.8%), from €30,393 to €37,613
- Financial charges +€1,570
up €1,570 (+26.7%), from €5,891 to €7,461
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 | €622,733 | €586,632 | -€36,101 | -5.8% |
| Fixed assets | 21/28 | €548,442 | €511,646 | -€36,796 | -6.7% |
| Tangible fixed assets | 22/27 | €548,442 | €511,646 | -€36,796 | -6.7% |
| Land and buildings | 22 | €475,461 | €454,312 | -€21,149 | -4.4% |
| Plant, machinery and equipment | 23 | €3,114 | €1,927 | -€1,187 | -38.1% |
| Furniture and vehicles | 24 | €11,107 | €9,761 | -€1,346 | -12.1% |
| Leasing and similar rights | 25 | €58,760 | €45,647 | -€13,114 | -22.3% |
| Current assets | 29/58 | €74,291 | €74,985 | +€695 | +0.9% |
| Amounts receivable within one year | 40/41 | €60,105 | €34,385 | -€25,720 | -42.8% |
| Trade receivables | 40 | €60,105 | €26,647 | -€33,459 | -55.7% |
| Other amounts receivable | 41 | - | €7,738 | +€7,738 | |
| Cash at bank and in hand | 54/58 | €7,068 | €31,496 | +€24,429 | +345.6% |
| Deferred charges and accrued income | 490/1 | €7,118 | €9,104 | +€1,986 | +27.9% |
| Total equity and liabilities | 10/49 | €622,733 | €586,632 | -€36,101 | -5.8% |
| Equity | 10/15 | €445,497 | €448,108 | +€2,612 | +0.6% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €426,597 | €429,208 | +€2,612 | +0.6% |
| Non-distributable reserves | 130/1 | €1,890 | €1,890 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,890 | €1,890 | = | 0.0% |
| Distributable reserves | 133 | €424,707 | €427,318 | +€2,612 | +0.6% |
| Amounts payable | 17/49 | €177,236 | €138,523 | -€38,713 | -21.8% |
| Amounts payable after more than one year | 17 | €62,380 | €37,862 | -€24,518 | -39.3% |
| Financial debts | 170/4 | €62,380 | €37,862 | -€24,518 | -39.3% |
| Amounts payable within one year | 42/48 | €114,509 | €100,314 | -€14,195 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €22,995 | €23,579 | +€585 | +2.5% |
| Trade debts | 44 | €4,229 | €2,697 | -€1,532 | -36.2% |
| Suppliers | 440/4 | €4,229 | €2,697 | -€1,532 | -36.2% |
| Taxes, remuneration and social security | 45 | €28,475 | €11,355 | -€17,120 | -60.1% |
| Taxes | 450/3 | €22,075 | €11,355 | -€10,720 | -48.6% |
| Remuneration and social security | 454/9 | €6,400 | - | -€6,400 | |
| Other amounts payable | 47/48 | €58,810 | €62,682 | +€3,872 | +6.6% |
| Accrued charges and deferred income | 492/3 | €348 | €348 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,393 | €37,613 | +€7,220 | +23.8% |
| Other operating charges | 640/8 | €2,511 | €2,682 | +€172 | +6.8% |
| Gross operating margin | 9900 | €70,002 | €52,605 | -€17,397 | -24.9% |
| Operating profit (loss) | 9901 | €37,099 | €12,310 | -€24,789 | -66.8% |
| Financial income | 75/76B | €1 | €25 | +€24 | +2468.4% |
| Recurring financial income | 75 | €1 | €25 | +€24 | +2468.4% |
| Financial charges | 65/66B | €5,891 | €7,461 | +€1,570 | +26.7% |
| Recurring financial charges | 65 | €5,891 | €7,461 | +€1,570 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €31,209 | €4,874 | -€26,335 | -84.4% |
| Income taxes | 67/77 | €10,013 | €2,262 | -€7,752 | -77.4% |
| Profit (loss) for the period | 9904 | €21,195 | €2,612 | -€18,583 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,195 | €2,612 | -€18,583 | -87.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.