QARE 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.
QARE Consult
Largest movements
- Cash -€56,450
down €56,450 (-42.8%), from €131,878 to €75,428
mainly Contributions, distributions and other (-€199,137) and Debts after one year (-€9,227)
- Receivables within one year -€20,446
down €20,446 (-53.7%), from €38,087 to €17,641
of which Other amounts receivable: -€21,876
- Tangible fixed assets -€7,723
down €7,723 (-17.7%), from €43,682 to €35,959
of which Furniture and vehicles: -€9,473
- Profit (loss) carried forward -€130,022
down €130,022 (-88.1%), from €147,637 to €17,615
- Other debts +€46,795
new in 2025: €46,795
- Debts after one year -€9,227
down €9,227 (-34.8%), from €26,551 to €17,324
- Tax, wage and social debts +€7,067
up €7,067 (+25.8%), from €27,380 to €34,447
of which Taxes: +€7,067
- Gross operating margin -€7,767
down €7,767 (-7.1%), from €109,815 to €102,048
- Other operating charges -€2,413
down €2,413 (-76.2%), from €3,165 to €752
- Taxes -€1,308
down €1,308 (-6.6%), from €19,713 to €18,405
- Financial income -€1,146
down €1,146 (-100%), from €1,146 to €0
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 | €216,360 | €131,767 | -€84,593 | -39.1% |
| Fixed assets | 21/28 | €43,682 | €35,959 | -€7,723 | -17.7% |
| Tangible fixed assets | 22/27 | €43,682 | €35,959 | -€7,723 | -17.7% |
| Land and buildings | 22 | - | €1,750 | +€1,750 | |
| Furniture and vehicles | 24 | €43,682 | €34,209 | -€9,473 | -21.7% |
| Current assets | 29/58 | €172,678 | €95,808 | -€76,870 | -44.5% |
| Amounts receivable within one year | 40/41 | €38,087 | €17,641 | -€20,446 | -53.7% |
| Trade receivables | 40 | €12,616 | €14,045 | +€1,429 | +11.3% |
| Other amounts receivable | 41 | €25,471 | €3,595 | -€21,876 | -85.9% |
| Cash at bank and in hand | 54/58 | €131,878 | €75,428 | -€56,450 | -42.8% |
| Deferred charges and accrued income | 490/1 | €2,713 | €2,739 | +€26 | +1.0% |
| Total equity and liabilities | 10/49 | €216,360 | €131,767 | -€84,593 | -39.1% |
| Equity | 10/15 | €151,637 | €21,615 | -€130,022 | -85.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,637 | €17,615 | -€130,022 | -88.1% |
| Amounts payable | 17/49 | €64,723 | €110,152 | +€45,429 | +70.2% |
| Amounts payable after more than one year | 17 | €26,551 | €17,324 | -€9,227 | -34.8% |
| Financial debts | 170/4 | €26,551 | €17,324 | -€9,227 | -34.8% |
| Amounts payable within one year | 42/48 | €38,172 | €92,829 | +€54,657 | +143% |
| Current portion of amounts payable after more than one year | 42 | €8,769 | €9,227 | +€459 | +5.2% |
| Trade debts | 44 | €2,023 | €2,358 | +€336 | +16.6% |
| Suppliers | 440/4 | €2,023 | €2,358 | +€336 | +16.6% |
| Taxes, remuneration and social security | 45 | €27,380 | €34,447 | +€7,067 | +25.8% |
| Taxes | 450/3 | €26,769 | €33,837 | +€7,067 | +26.4% |
| Remuneration and social security | 454/9 | €611 | €611 | -€0 | 0.0% |
| Other amounts payable | 47/48 | - | €46,795 | +€46,795 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,872 | €12,041 | +€170 | +1.4% |
| Other operating charges | 640/8 | €3,165 | €752 | -€2,413 | -76.2% |
| Gross operating margin | 9900 | €109,815 | €102,048 | -€7,767 | -7.1% |
| Operating profit (loss) | 9901 | €94,777 | €89,255 | -€5,523 | -5.8% |
| Financial income | 75/76B | €1,146 | €0 | -€1,146 | -100% |
| Recurring financial income | 75 | €1,146 | €0 | -€1,146 | -100% |
| Financial charges | 65/66B | €2,178 | €1,736 | -€443 | -20.3% |
| Recurring financial charges | 65 | €2,178 | €1,736 | -€443 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €93,745 | €87,519 | -€6,226 | -6.6% |
| Income taxes | 67/77 | €19,713 | €18,405 | -€1,308 | -6.6% |
| Profit (loss) for the period | 9904 | €74,032 | €69,115 | -€4,917 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,032 | €69,115 | -€4,917 | -6.6% |
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 16 October 2026 via checked.be.