Q CONSULT: 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 CONSULT
Largest movements
- Cash -€107,243
down €107,243 (-35.0%), from €306,132 to €198,889
mainly Investment in fixed assets (net) (-€93,933) and Other debts (-€56,353)
- Tangible fixed assets +€36,666
up €36,666 (+11.7%), from €312,478 to €349,145
of which Land and buildings: +€37,823
- Receivables within one year +€14,338
up €14,338 (+15.1%), from €95,005 to €109,343
of which Other amounts receivable: +€22,094
- Receivables after one year -€10,000
down €10,000 (-14.3%), from €70,000 to €60,000
- Deferred charges and accrued income -€8,449
down €8,449 (-30.0%), from €28,118 to €19,669
- Other debts -€56,353
down €56,353 (-82.7%), from €68,137 to €11,784
- Trade debts -€27,742
down €27,742 (-67.5%), from €41,117 to €13,375
- Tax, wage and social debts +€11,076
up €11,076 (+37.8%), from €29,270 to €40,346
- Debts after one year +€9,969
up €9,969 (+21.3%), from €46,910 to €56,879
- Financial income -€306,152
down €306,152 (-98.6%), from €310,374 to €4,221
of which Non-recurring financial income: -€307,314
- Gross operating margin +€39,319
up €39,319 (+83.2%), from €47,251 to €86,570
- Taxes -€17,476
down €17,476 (-53.9%), from €32,451 to €14,975
- Depreciation +€12,756
up €12,756 (+28.7%), from €44,511 to €57,267
- Financial charges -€2,375
down €2,375 (-24.9%), from €9,547 to €7,172
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 | €815,833 | €741,146 | -€74,688 | -9.2% |
| Fixed assets | 21/28 | €312,478 | €349,145 | +€36,666 | +11.7% |
| Tangible fixed assets | 22/27 | €312,478 | €349,145 | +€36,666 | +11.7% |
| Land and buildings | 22 | €302,515 | €340,338 | +€37,823 | +12.5% |
| Furniture and vehicles | 24 | €9,963 | €8,806 | -€1,157 | -11.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €503,355 | €392,001 | -€111,354 | -22.1% |
| Amounts receivable after more than one year | 29 | €70,000 | €60,000 | -€10,000 | -14.3% |
| Other amounts receivable | 291 | €70,000 | €60,000 | -€10,000 | -14.3% |
| Amounts receivable within one year | 40/41 | €95,005 | €109,343 | +€14,338 | +15.1% |
| Trade receivables | 40 | €33,044 | €25,288 | -€7,756 | -23.5% |
| Other amounts receivable | 41 | €61,962 | €84,055 | +€22,094 | +35.7% |
| Current investments | 50/53 | €4,100 | €4,100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €306,132 | €198,889 | -€107,243 | -35.0% |
| Deferred charges and accrued income | 490/1 | €28,118 | €19,669 | -€8,449 | -30.0% |
| Total equity and liabilities | 10/49 | €815,833 | €741,146 | -€74,688 | -9.2% |
| Equity | 10/15 | €577,699 | €574,467 | -€3,232 | -0.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €567,699 | €564,467 | -€3,232 | -0.6% |
| Distributable reserves | 133 | €567,699 | €564,467 | -€3,232 | -0.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €238,135 | €166,679 | -€71,456 | -30.0% |
| Amounts payable after more than one year | 17 | €46,910 | €56,879 | +€9,969 | +21.3% |
| Financial debts | 170/4 | €46,910 | €56,879 | +€9,969 | +21.3% |
| Amounts payable within one year | 42/48 | €190,740 | €109,491 | -€81,249 | -42.6% |
| Current portion of amounts payable after more than one year | 42 | €47,908 | €41,326 | -€6,582 | -13.7% |
| Financial debts | 43 | €4,308 | €2,661 | -€1,647 | -38.2% |
| Credit institutions | 430/8 | €4,308 | €2,661 | -€1,647 | -38.2% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €41,117 | €13,375 | -€27,742 | -67.5% |
| Suppliers | 440/4 | €41,117 | €13,375 | -€27,742 | -67.5% |
| Taxes, remuneration and social security | 45 | €29,270 | €40,346 | +€11,076 | +37.8% |
| Taxes | 450/3 | €29,270 | €40,346 | +€11,076 | +37.8% |
| Other amounts payable | 47/48 | €68,137 | €11,784 | -€56,353 | -82.7% |
| Accrued charges and deferred income | 492/3 | €485 | €309 | -€176 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,511 | €57,267 | +€12,756 | +28.7% |
| Other operating charges | 640/8 | €5,195 | €4,607 | -€588 | -11.3% |
| Gross operating margin | 9900 | €47,251 | €86,570 | +€39,319 | +83.2% |
| Operating profit (loss) | 9901 | -€2,455 | €24,696 | +€27,151 | |
| Financial income | 75/76B | €310,374 | €4,221 | -€306,152 | -98.6% |
| Recurring financial income | 75 | €3,059 | €4,221 | +€1,162 | +38.0% |
| Non-recurring financial income | 76B | €307,314 | €0 | -€307,314 | -100% |
| Financial charges | 65/66B | €9,547 | €7,172 | -€2,375 | -24.9% |
| Recurring financial charges | 65 | €9,547 | €7,172 | -€2,375 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €298,372 | €21,745 | -€276,627 | -92.7% |
| Income taxes | 67/77 | €32,451 | €14,975 | -€17,476 | -53.9% |
| Profit (loss) for the period | 9904 | €265,921 | €6,770 | -€259,151 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €265,921 | €6,770 | -€259,151 | -97.5% |
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 18 October 2026 via checked.be.