Q-TA: 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-TA
Largest movements
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€58,960
up €58,960 (+990.1%), from €5,955 to €64,915
mainly Net result for the year (+€447,931) and Current investments (+€100,000)
- Other debts -€45,000
down €45,000 (-9.0%), from €500,000 to €455,000
- Financial income +€149,599
up €149,599 (+50.3%), from €297,660 to €447,259
- Gross operating margin -€21,908
down €21,908 (-72.5%), from €30,209 to €8,301
- Taxes +€2,194
new in 2025: €2,194
- Depreciation -€590
down €590 (-43.4%), from €1,359 to €770
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.
Cash bridge derived
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 | €1,900,403 | €1,851,778 | -€48,625 | -2.6% |
| Fixed assets | 21/28 | €1,780,843 | €1,780,073 | -€770 | 0.0% |
| Tangible fixed assets | 22/27 | €155,795 | €155,025 | -€770 | -0.5% |
| Land and buildings | 22 | €155,795 | €155,025 | -€770 | -0.5% |
| Financial fixed assets | 28 | €1,625,048 | €1,625,048 | = | 0.0% |
| Current assets | 29/58 | €119,560 | €71,705 | -€47,855 | -40.0% |
| Amounts receivable within one year | 40/41 | €10,285 | €3,470 | -€6,815 | -66.3% |
| Trade receivables | 40 | €7,500 | €0 | -€7,500 | -100.0% |
| Other amounts receivable | 41 | €2,785 | €3,470 | +€685 | +24.6% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,955 | €64,915 | +€58,960 | +990.1% |
| Deferred charges and accrued income | 490/1 | €3,320 | €3,320 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,900,403 | €1,851,778 | -€48,625 | -2.6% |
| Equity | 10/15 | €1,385,849 | €1,383,780 | -€2,069 | -0.1% |
| Contributions | 10/11 | €400,803 | €400,803 | = | 0.0% |
| Reserves | 13 | €40,782 | €40,782 | = | 0.0% |
| Distributable reserves | 133 | €40,782 | €40,782 | = | 0.0% |
| Profit (loss) carried forward | 14 | €944,263 | €942,194 | -€2,069 | -0.2% |
| Amounts payable | 17/49 | €514,554 | €467,998 | -€46,556 | -9.0% |
| Amounts payable within one year | 42/48 | €513,587 | €467,000 | -€46,587 | -9.1% |
| Trade debts | 44 | €13,587 | €12,000 | -€1,587 | -11.7% |
| Suppliers | 440/4 | €13,587 | €12,000 | -€1,587 | -11.7% |
| Other amounts payable | 47/48 | €500,000 | €455,000 | -€45,000 | -9.0% |
| Accrued charges and deferred income | 492/3 | €968 | €998 | +€31 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,359 | €770 | -€590 | -43.4% |
| Other operating charges | 640/8 | €4,782 | €4,630 | -€151 | -3.2% |
| Gross operating margin | 9900 | €30,209 | €8,301 | -€21,908 | -72.5% |
| Operating profit (loss) | 9901 | €24,068 | €2,901 | -€21,167 | -87.9% |
| Financial income | 75/76B | €297,660 | €447,259 | +€149,599 | +50.3% |
| Recurring financial income | 75 | €297,660 | €447,259 | +€149,599 | +50.3% |
| Financial charges | 65/66B | €24 | €35 | +€11 | +47.0% |
| Recurring financial charges | 65 | €24 | €35 | +€11 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | €321,704 | €450,125 | +€128,420 | +39.9% |
| Income taxes | 67/77 | - | €2,194 | +€2,194 | |
| Profit (loss) for the period | 9904 | €321,704 | €447,931 | +€126,227 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €321,704 | €447,931 | +€126,227 | +39.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.