QRAQON: 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.
QRAQON
Largest movements
- Tangible fixed assets -€14,567
down €14,567 (-10.8%), from €134,534 to €119,966
of which Leasing and similar rights: -€14,915
- Receivables within one year +€7,938
up €7,938 (+449%), from €1,769 to €9,707
of which Trade receivables: +€7,434
- Cash +€4,338
up €4,338 (+5.4%), from €79,944 to €84,282
mainly Depreciation (+€15,061) and Net result for the year (+€10,943)
- Debts after one year -€15,000
down €15,000 (-66.7%), from €22,500 to €7,500
- Profit (loss) carried forward +€10,943
up €10,943 (+5.1%), from -€214,530 to -€203,587
- Taxes -€18,452
down €18,452, from €169 to -€18,283
- Gross operating margin -€7,288
down €7,288 (-21.6%), from €33,708 to €26,419
- Turnover -€4,205
down €4,205 (-7.1%), from €59,046 to €54,842
- Purchases and services +€3,084
up €3,084 (+12.2%), from €25,338 to €28,422
- Staff costs +€1,410
up €1,410 (+9.8%), from €14,378 to €15,788
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 | €216,247 | €213,955 | -€2,291 | -1.1% |
| Fixed assets | 21/28 | €134,534 | €119,966 | -€14,567 | -10.8% |
| Tangible fixed assets | 22/27 | €134,534 | €119,966 | -€14,567 | -10.8% |
| Plant, machinery and equipment | 23 | €295 | €643 | +€348 | +118% |
| Leasing and similar rights | 25 | €134,238 | €119,323 | -€14,915 | -11.1% |
| Current assets | 29/58 | €81,713 | €93,989 | +€12,276 | +15.0% |
| Amounts receivable within one year | 40/41 | €1,769 | €9,707 | +€7,938 | +449% |
| Trade receivables | 40 | €1,500 | €8,935 | +€7,434 | +495% |
| Other amounts receivable | 41 | €269 | €772 | +€504 | +187% |
| Cash at bank and in hand | 54/58 | €79,944 | €84,282 | +€4,338 | +5.4% |
| Total equity and liabilities | 10/49 | €216,247 | €213,955 | -€2,291 | -1.1% |
| Equity | 10/15 | -€146,070 | -€135,127 | +€10,943 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€214,530 | -€203,587 | +€10,943 | +5.1% |
| Investment grants | 15 | €48,000 | €48,000 | = | 0.0% |
| Provisions and deferred taxes | 16 | €248,782 | €248,782 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €248,782 | €248,782 | = | 0.0% |
| Pensions and similar obligations | 160 | €248,782 | €248,782 | = | 0.0% |
| Amounts payable | 17/49 | €113,535 | €100,301 | -€13,234 | -11.7% |
| Amounts payable after more than one year | 17 | €22,500 | €7,500 | -€15,000 | -66.7% |
| Financial debts | 170/4 | €22,500 | €7,500 | -€15,000 | -66.7% |
| Amounts payable within one year | 42/48 | €91,035 | €92,801 | +€1,766 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | - | €157 | +€157 | |
| Suppliers | 440/4 | - | €157 | +€157 | |
| Taxes, remuneration and social security | 45 | €107 | €446 | +€339 | +319% |
| Taxes | 450/3 | €107 | €446 | +€339 | +319% |
| Other amounts payable | 47/48 | €75,928 | €77,198 | +€1,269 | +1.7% |
| Turnover | 70 | €59,046 | €54,842 | -€4,205 | -7.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €25,338 | €28,422 | +€3,084 | +12.2% |
| Remuneration, social security and pensions | 62 | €14,378 | €15,788 | +€1,410 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,989 | €15,061 | +€72 | +0.5% |
| Other operating charges | 640/8 | €3,176 | €2,990 | -€186 | -5.8% |
| Non-recurring operating charges | 66A | €66,147 | - | -€66,147 | |
| Gross operating margin | 9900 | €33,708 | €26,419 | -€7,288 | -21.6% |
| Operating profit (loss) | 9901 | -€64,983 | -€7,420 | +€57,563 | +88.6% |
| Financial income | 75/76B | €66 | €80 | +€14 | +22.0% |
| Recurring financial income | 75 | €66 | €80 | +€14 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | -€64,918 | -€7,340 | +€57,578 | +88.7% |
| Income taxes | 67/77 | €169 | -€18,283 | -€18,452 | |
| Profit (loss) for the period | 9904 | -€65,087 | €10,943 | +€76,030 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,087 | €10,943 | +€76,030 |
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 14 October 2026 via checked.be.