Q-RENOVATIONS: 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-RENOVATIONS
Largest movements
- Receivables within one year +€58,005
up €58,005 (+120%), from €48,468 to €106,473
of which Other amounts receivable: +€66,442
- Stocks and contracts -€30,000
down €30,000 (-88.2%), from €34,000 to €4,000
of which Contracts in progress: -€30,000
- Tangible fixed assets -€3,387
down €3,387 (-60.5%), from €5,597 to €2,210
- Deferred charges and accrued income -€3,386
down €3,386 (-46.1%), from €7,349 to €3,962
- Trade debts +€11,828
up €11,828 (+29.4%), from €40,227 to €52,055
- Other debts +€9,317
up €9,317 (+231%), from €4,037 to €13,354
- Tax, wage and social debts -€2,604
down €2,604 (-89.3%), from €2,916 to €312
of which Remuneration and social security: -€2,908
- Profit (loss) carried forward +€2,230
new in 2025: €2,230
- Current portion of long-term debt +€1,794
up €1,794 (+44.9%), from €4,000 to €5,794
- Gross operating margin +€34,550
up €34,550 (+40.8%), from €84,681 to €119,231
- Staff costs +€22,212
up €22,212 (+25.6%), from €86,839 to €109,051
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 | €100,166 | €122,731 | +€22,565 | +22.5% |
| Fixed assets | 21/28 | €5,597 | €2,610 | -€2,987 | -53.4% |
| Tangible fixed assets | 22/27 | €5,597 | €2,210 | -€3,387 | -60.5% |
| Furniture and vehicles | 24 | €5,597 | €2,210 | -€3,387 | -60.5% |
| Financial fixed assets | 28 | - | €400 | +€400 | |
| Current assets | 29/58 | €94,569 | €120,121 | +€25,553 | +27.0% |
| Stocks and contracts in progress | 3 | €34,000 | €4,000 | -€30,000 | -88.2% |
| Stocks | 30/36 | €4,000 | €4,000 | = | 0.0% |
| Contracts in progress | 37 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €48,468 | €106,473 | +€58,005 | +120% |
| Trade receivables | 40 | €44,582 | €36,145 | -€8,437 | -18.9% |
| Other amounts receivable | 41 | €3,887 | €70,328 | +€66,442 | +1,710% |
| Cash at bank and in hand | 54/58 | €4,752 | €5,686 | +€934 | +19.7% |
| Deferred charges and accrued income | 490/1 | €7,349 | €3,962 | -€3,386 | -46.1% |
| Total equity and liabilities | 10/49 | €100,166 | €122,731 | +€22,565 | +22.5% |
| Equity | 10/15 | €43,486 | €45,716 | +€2,230 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,886 | €24,886 | = | 0.0% |
| 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 | €23,026 | €23,026 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €2,230 | +€2,230 | |
| Amounts payable | 17/49 | €56,680 | €77,015 | +€20,335 | +35.9% |
| Amounts payable after more than one year | 17 | €5,500 | €5,500 | = | 0.0% |
| Other amounts payable | 178/9 | €5,500 | €5,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €51,180 | €71,515 | +€20,335 | +39.7% |
| Current portion of amounts payable after more than one year | 42 | €4,000 | €5,794 | +€1,794 | +44.9% |
| Trade debts | 44 | €40,227 | €52,055 | +€11,828 | +29.4% |
| Suppliers | 440/4 | €40,227 | €52,055 | +€11,828 | +29.4% |
| Taxes, remuneration and social security | 45 | €2,916 | €312 | -€2,604 | -89.3% |
| Taxes | 450/3 | €7 | €312 | +€305 | +4,110% |
| Remuneration and social security | 454/9 | €2,908 | - | -€2,908 | |
| Other amounts payable | 47/48 | €4,037 | €13,354 | +€9,317 | +231% |
| Remuneration, social security and pensions | 62 | €86,839 | €109,051 | +€22,212 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,369 | €3,387 | +€18 | +0.5% |
| Other operating charges | 640/8 | €1,550 | €1,505 | -€44 | -2.9% |
| Gross operating margin | 9900 | €84,681 | €119,231 | +€34,550 | +40.8% |
| Operating profit (loss) | 9901 | -€7,077 | €5,288 | +€12,364 | |
| Financial income | 75/76B | €143 | €69 | -€73 | -51.3% |
| Recurring financial income | 75 | €143 | €69 | -€73 | -51.3% |
| Financial charges | 65/66B | €1,991 | €2,802 | +€811 | +40.8% |
| Recurring financial charges | 65 | €1,991 | €2,802 | +€811 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,924 | €2,555 | +€11,480 | |
| Income taxes | 67/77 | - | €325 | +€325 | |
| Profit (loss) for the period | 9904 | -€8,924 | €2,230 | +€11,155 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,924 | €2,230 | +€11,155 |
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 30 October 2026 via checked.be.