Q-HUIZ: 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-HUIZ
Largest movements
- Cash +€21,497
up €21,497 (+38.4%), from €55,953 to €77,451
mainly Net result for the year (+€28,080) and Receivables within one year (+€15,561)
- Receivables within one year -€15,561
down €15,561 (-15.1%), from €102,731 to €87,170
of which Trade receivables: -€24,335
- Reserves +€28,080
up €28,080 (+14.3%), from €196,044 to €224,124
- Tax, wage and social debts -€18,174
down €18,174 (-52.0%), from €34,971 to €16,797
- Accrued charges and deferred income -€3,705
down €3,705 (-100%), from €3,705 to €0
- Gross operating margin +€21,152
up €21,152 (+72.7%), from €29,115 to €50,267
- Taxes +€5,900
up €5,900 (+54.9%), from €10,752 to €16,652
- Other operating charges +€1,091
up €1,091 (+130%), from €841 to €1,932
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 | €235,720 | €242,311 | +€6,591 | +2.8% |
| Fixed assets | 21/28 | €14,765 | €15,811 | +€1,046 | +7.1% |
| Tangible fixed assets | 22/27 | €14,765 | €15,811 | +€1,046 | +7.1% |
| Plant, machinery and equipment | 23 | €9,764 | €6,602 | -€3,162 | -32.4% |
| Furniture and vehicles | 24 | €5,002 | €9,210 | +€4,208 | +84.1% |
| Current assets | 29/58 | €220,955 | €226,500 | +€5,545 | +2.5% |
| Amounts receivable within one year | 40/41 | €102,731 | €87,170 | -€15,561 | -15.1% |
| Trade receivables | 40 | €38,691 | €14,356 | -€24,335 | -62.9% |
| Other amounts receivable | 41 | €64,040 | €72,814 | +€8,774 | +13.7% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,953 | €77,451 | +€21,497 | +38.4% |
| Deferred charges and accrued income | 490/1 | €2,270 | €1,879 | -€391 | -17.2% |
| Total equity and liabilities | 10/49 | €235,720 | €242,311 | +€6,591 | +2.8% |
| Equity | 10/15 | €197,044 | €225,124 | +€28,080 | +14.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €196,044 | €224,124 | +€28,080 | +14.3% |
| Distributable reserves | 133 | €196,044 | €224,124 | +€28,080 | +14.3% |
| Amounts payable | 17/49 | €38,676 | €17,187 | -€21,489 | -55.6% |
| Amounts payable within one year | 42/48 | €34,971 | €17,187 | -€17,784 | -50.9% |
| Financial debts | 43 | - | €312 | +€312 | |
| Credit institutions | 430/8 | - | €312 | +€312 | |
| Trade debts | 44 | - | €78 | +€78 | |
| Suppliers | 440/4 | - | €78 | +€78 | |
| Taxes, remuneration and social security | 45 | €34,971 | €16,797 | -€18,174 | -52.0% |
| Taxes | 450/3 | €34,971 | €16,797 | -€18,174 | -52.0% |
| Accrued charges and deferred income | 492/3 | €3,705 | €0 | -€3,705 | -100% |
| Non-recurring operating income | 76A | €0 | €13,061 | +€13,061 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,388 | €7,218 | -€170 | -2.3% |
| Other operating charges | 640/8 | €841 | €1,932 | +€1,091 | +130% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €29,115 | €50,267 | +€21,152 | +72.7% |
| Operating profit (loss) | 9901 | €20,886 | €41,117 | +€20,231 | +96.9% |
| Financial income | 75/76B | €3,365 | €3,694 | +€329 | +9.8% |
| Recurring financial income | 75 | €3,365 | €3,694 | +€329 | +9.8% |
| Financial charges | 65/66B | -€399 | €78 | +€477 | |
| Recurring financial charges | 65 | -€399 | €78 | +€477 | |
| Profit (loss) for the period before taxes | 9903 | €24,650 | €44,732 | +€20,082 | +81.5% |
| Income taxes | 67/77 | €10,752 | €16,652 | +€5,900 | +54.9% |
| Profit (loss) for the period | 9904 | €13,898 | €28,080 | +€14,182 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €13,898 | €28,080 | +€14,182 | +102% |
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.