Q-BRUGGE: what changed
Q-BRUGGE
Largest movements
- Receivables within one year +€20,000
new in 2025: €20,000
- Tangible fixed assets +€15,663
up €15,663 (+298%), from €5,261 to €20,924
of which Furniture and vehicles: +€16,607
- Cash +€7,533
up €7,533 (+170%), from €4,429 to €11,962
mainly Net result for the year (+€50,170) and Trade debts (+€10,256)
- Profit (loss) carried forward +€50,170
up €50,170 (+75.7%), from -€66,285 to -€16,115
- Other debts -€22,000
down €22,000 (-35.6%), from €61,748 to €39,748
- Trade debts +€10,256
up €10,256 (+8,090%), from €127 to €10,382
- Tax, wage and social debts +€4,770
up €4,770 (+116%), from €4,101 to €8,871
- Gross operating margin +€53,652
up €53,652 (+38,747%), from €138 to €53,791
- Staff costs -€37,195
no longer reported in 2025 (was €37,195)
- Depreciation +€1,393
up €1,393 (+148%), from €944 to €2,337
- Other operating charges -€895
down €895 (-45.7%), from €1,961 to €1,066
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,690 | €52,886 | +€43,196 | +446% |
| Fixed assets | 21/28 | €5,261 | €20,924 | +€15,663 | +298% |
| Tangible fixed assets | 22/27 | €5,261 | €20,924 | +€15,663 | +298% |
| Plant, machinery and equipment | 23 | €5,261 | €4,317 | -€944 | -17.9% |
| Furniture and vehicles | 24 | - | €16,607 | +€16,607 | |
| Current assets | 29/58 | €4,429 | €31,962 | +€27,533 | +622% |
| Amounts receivable within one year | 40/41 | - | €20,000 | +€20,000 | |
| Trade receivables | 40 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €4,429 | €11,962 | +€7,533 | +170% |
| Total equity and liabilities | 10/49 | €9,690 | €52,886 | +€43,196 | +446% |
| Equity | 10/15 | -€56,285 | -€6,115 | +€50,170 | +89.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,285 | -€16,115 | +€50,170 | +75.7% |
| Amounts payable | 17/49 | €65,975 | €59,001 | -€6,974 | -10.6% |
| Amounts payable within one year | 42/48 | €65,975 | €59,001 | -€6,974 | -10.6% |
| Trade debts | 44 | €127 | €10,382 | +€10,256 | +8,090% |
| Suppliers | 440/4 | €127 | €10,382 | +€10,256 | +8,090% |
| Taxes, remuneration and social security | 45 | €4,101 | €8,871 | +€4,770 | +116% |
| Taxes | 450/3 | €4,101 | €8,871 | +€4,770 | +116% |
| Other amounts payable | 47/48 | €61,748 | €39,748 | -€22,000 | -35.6% |
| Remuneration, social security and pensions | 62 | €37,195 | - | -€37,195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €944 | €2,337 | +€1,393 | +148% |
| Other operating charges | 640/8 | €1,961 | €1,066 | -€895 | -45.7% |
| Non-recurring operating charges | 66A | €3,469 | - | -€3,469 | |
| Gross operating margin | 9900 | €138 | €53,791 | +€53,652 | +38,747% |
| Operating profit (loss) | 9901 | -€43,431 | €50,388 | +€93,819 | |
| Financial income | 75/76B | €222 | - | -€222 | |
| Recurring financial income | 75 | €222 | - | -€222 | |
| Financial charges | 65/66B | €108 | €148 | +€39 | +36.4% |
| Recurring financial charges | 65 | €108 | €148 | +€39 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | -€43,317 | €50,240 | +€93,557 | |
| Income taxes | 67/77 | €157 | €70 | -€87 | -55.5% |
| Profit (loss) for the period | 9904 | -€43,475 | €50,170 | +€93,645 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,475 | €50,170 | +€93,645 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.