QR-2: 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.
QR-2
Largest movements
- Intangible fixed assets +€8,428
new in 2025: €8,428
- Receivables within one year -€5,089
down €5,089 (-49.2%), from €10,349 to €5,260
of which Other amounts receivable: -€5,085
- Cash -€4,389
down €4,389 (-85.6%), from €5,128 to €739
mainly Investment in fixed assets (net) (-€15,639) and Net result for the year (-€9,221)
- Tangible fixed assets +€3,819
up €3,819 (+83.8%), from €4,559 to €8,378
of which Plant, machinery and equipment: +€3,781
- Other debts +€11,154
new in 2025: €11,154
- Profit (loss) carried forward -€6,269
new in 2025: -€6,269
- Reserves -€2,952
down €2,952 (-9.6%), from €30,684 to €27,732
of which Distributable reserves: -€2,952
- Accrued charges and deferred income +€1,328
up €1,328 (+622%), from €214 to €1,542
- Trade debts -€925
down €925 (-15.7%), from €5,878 to €4,953
- Gross operating margin -€4,312
down €4,312 (-403%), from -€1,070 to -€5,382
- Depreciation +€729
up €729 (+27.4%), from €2,663 to €3,392
- Financial income -€549
down €549 (-32.6%), from €1,683 to €1,134
- Other operating charges +€235
up €235 (+26.6%), from €883 to €1,119
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 | €56,469 | €58,805 | +€2,337 | +4.1% |
| Fixed assets | 21/28 | €4,559 | €16,806 | +€12,247 | +269% |
| Intangible fixed assets | 21 | - | €8,428 | +€8,428 | |
| Tangible fixed assets | 22/27 | €4,559 | €8,378 | +€3,819 | +83.8% |
| Plant, machinery and equipment | 23 | €3,565 | €7,346 | +€3,781 | +106% |
| Furniture and vehicles | 24 | €995 | €1,032 | +€38 | +3.8% |
| Current assets | 29/58 | €51,909 | €41,999 | -€9,910 | -19.1% |
| Amounts receivable after more than one year | 29 | €36,000 | €36,000 | = | 0.0% |
| Other amounts receivable | 291 | €36,000 | €36,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,349 | €5,260 | -€5,089 | -49.2% |
| Trade receivables | 40 | €3,437 | €3,433 | -€4 | -0.1% |
| Other amounts receivable | 41 | €6,912 | €1,827 | -€5,085 | -73.6% |
| Cash at bank and in hand | 54/58 | €5,128 | €739 | -€4,389 | -85.6% |
| Deferred charges and accrued income | 490/1 | €432 | €0 | -€432 | -100% |
| Total equity and liabilities | 10/49 | €56,469 | €58,805 | +€2,337 | +4.1% |
| Equity | 10/15 | €49,284 | €40,063 | -€9,221 | -18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,684 | €27,732 | -€2,952 | -9.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €30,684 | €27,732 | -€2,952 | -9.6% |
| Profit (loss) carried forward | 14 | - | -€6,269 | -€6,269 | |
| Amounts payable | 17/49 | €7,185 | €18,742 | +€11,558 | +161% |
| Amounts payable within one year | 42/48 | €6,971 | €17,200 | +€10,229 | +147% |
| Trade debts | 44 | €5,878 | €4,953 | -€925 | -15.7% |
| Suppliers | 440/4 | €5,878 | €4,953 | -€925 | -15.7% |
| Taxes, remuneration and social security | 45 | €1,093 | €1,093 | = | 0.0% |
| Taxes | 450/3 | €1,093 | €1,093 | = | 0.0% |
| Other amounts payable | 47/48 | - | €11,154 | +€11,154 | |
| Accrued charges and deferred income | 492/3 | €214 | €1,542 | +€1,328 | +622% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,663 | €3,392 | +€729 | +27.4% |
| Other operating charges | 640/8 | €883 | €1,119 | +€235 | +26.6% |
| Gross operating margin | 9900 | -€1,070 | -€5,382 | -€4,312 | -403% |
| Operating profit (loss) | 9901 | -€4,616 | -€9,892 | -€5,276 | -114% |
| Financial income | 75/76B | €1,683 | €1,134 | -€549 | -32.6% |
| Recurring financial income | 75 | €1,683 | €1,134 | -€549 | -32.6% |
| Financial charges | 65/66B | €429 | €463 | +€34 | +7.8% |
| Recurring financial charges | 65 | €429 | €463 | +€34 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,362 | -€9,221 | -€5,859 | -174% |
| Profit (loss) for the period | 9904 | -€3,362 | -€9,221 | -€5,859 | -174% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,362 | -€9,221 | -€5,859 | -174% |
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 19 October 2026 via checked.be.