Q-FINISH: 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-FINISH
Largest movements
- Cash +€63,340
up €63,340 (+27.8%), from €228,105 to €291,446
mainly Net result for the year (+€45,279) and Receivables within one year (+€9,722)
- Receivables within one year -€9,722
down €9,722 (-98.2%), from €9,905 to €183
of which Trade receivables: -€9,680
- Tangible fixed assets -€5,234
down €5,234 (-36.8%), from €14,240 to €9,007
of which Furniture and vehicles: -€3,521
- Stocks and contracts -€3,285
down €3,285 (-50.5%), from €6,500 to €3,215
of which Contracts in progress: -€3,500
- Reserves +€40,016
up €40,016 (+24.2%), from €165,482 to €205,498
of which Distributable reserves: +€40,016
- Gross operating margin +€23,546
up €23,546 (+51.0%), from €46,179 to €69,726
- Taxes +€7,262
up €7,262 (+71.5%), from €10,151 to €17,413
- Financial income +€3,131
up €3,131 (+1,585%), from €198 to €3,329
- Other operating charges +€902
up €902 (+281%), from €321 to €1,223
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 | €258,751 | €303,850 | +€45,100 | +17.4% |
| Fixed assets | 21/28 | €14,240 | €9,007 | -€5,234 | -36.8% |
| Tangible fixed assets | 22/27 | €14,240 | €9,007 | -€5,234 | -36.8% |
| Land and buildings | 22 | €4,107 | €3,064 | -€1,043 | -25.4% |
| Plant, machinery and equipment | 23 | €2,343 | €3,002 | +€660 | +28.2% |
| Furniture and vehicles | 24 | €5,131 | €1,610 | -€3,521 | -68.6% |
| Other tangible fixed assets | 26 | €2,660 | €1,330 | -€1,330 | -50.0% |
| Current assets | 29/58 | €244,510 | €294,844 | +€50,333 | +20.6% |
| Stocks and contracts in progress | 3 | €6,500 | €3,215 | -€3,285 | -50.5% |
| Stocks | 30/36 | €3,000 | €3,215 | +€215 | +7.2% |
| Contracts in progress | 37 | €3,500 | - | -€3,500 | |
| Amounts receivable within one year | 40/41 | €9,905 | €183 | -€9,722 | -98.2% |
| Trade receivables | 40 | €9,680 | - | -€9,680 | |
| Other amounts receivable | 41 | €225 | €183 | -€42 | -18.7% |
| Cash at bank and in hand | 54/58 | €228,105 | €291,446 | +€63,340 | +27.8% |
| Total equity and liabilities | 10/49 | €258,751 | €303,850 | +€45,100 | +17.4% |
| Equity | 10/15 | €229,398 | €269,414 | +€40,016 | +17.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €165,482 | €205,498 | +€40,016 | +24.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €163,622 | €203,638 | +€40,016 | +24.5% |
| Profit (loss) carried forward | 14 | €51,516 | €51,516 | = | 0.0% |
| Amounts payable | 17/49 | €29,353 | €34,436 | +€5,084 | +17.3% |
| Amounts payable within one year | 42/48 | €29,353 | €34,436 | +€5,084 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €4,058 | €3,500 | -€558 | -13.8% |
| Trade debts | 44 | €7,626 | €10,030 | +€2,404 | +31.5% |
| Suppliers | 440/4 | €7,626 | €10,030 | +€2,404 | +31.5% |
| Taxes, remuneration and social security | 45 | €12,381 | €13,794 | +€1,413 | +11.4% |
| Taxes | 450/3 | €11,181 | €11,994 | +€813 | +7.3% |
| Remuneration and social security | 454/9 | €1,200 | €1,800 | +€600 | +50.0% |
| Other amounts payable | 47/48 | €5,287 | €7,113 | +€1,825 | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,729 | €8,751 | +€22 | +0.3% |
| Other operating charges | 640/8 | €321 | €1,223 | +€902 | +281% |
| Gross operating margin | 9900 | €46,179 | €69,726 | +€23,546 | +51.0% |
| Operating profit (loss) | 9901 | €37,129 | €59,751 | +€22,622 | +60.9% |
| Financial income | 75/76B | €198 | €3,329 | +€3,131 | +1,585% |
| Recurring financial income | 75 | €198 | €3,329 | +€3,131 | +1,585% |
| Financial charges | 65/66B | €506 | €388 | -€119 | -23.4% |
| Recurring financial charges | 65 | €506 | €388 | -€119 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €36,821 | €62,692 | +€25,872 | +70.3% |
| Income taxes | 67/77 | €10,151 | €17,413 | +€7,262 | +71.5% |
| Profit (loss) for the period | 9904 | €26,670 | €45,279 | +€18,609 | +69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,670 | €45,279 | +€18,609 | +69.8% |
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 25 October 2026 via checked.be.