Qu'estate: 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.
Qu'estate
Largest movements
- Receivables within one year +€58,894
up €58,894 (+36.2%), from €162,486 to €221,380
of which Trade receivables: +€123,674
- Tangible fixed assets +€38,512
up €38,512 (+1,297%), from €2,969 to €41,482
of which Leasing and similar rights: +€30,898
- Trade debts +€85,989
up €85,989 (+1,527%), from €5,632 to €91,621
- Advances received -€62,392
down €62,392 (-40.4%), from €154,501 to €92,109
- Other debts +€27,763
up €27,763, from €0 to €27,763
- Debts after one year +€26,940
new in 2025: €26,940
- Tax, wage and social debts +€9,880
up €9,880 (+433%), from €2,281 to €12,161
- Depreciation +€3,264
up €3,264 (+267%), from €1,224 to €4,488
- Gross operating margin +€2,950
up €2,950 (+97.8%), from €3,017 to €5,968
- Financial income -€2,031
down €2,031 (-70.0%), from €2,902 to €872
- Financial charges +€759
up €759 (+1,337%), from €57 to €816
- Taxes -€741
down €741 (-59.3%), from €1,248 to €508
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 | €171,273 | €264,055 | +€92,782 | +54.2% |
| Fixed assets | 21/28 | €2,969 | €41,482 | +€38,512 | +1,297% |
| Tangible fixed assets | 22/27 | €2,969 | €41,482 | +€38,512 | +1,297% |
| Furniture and vehicles | 24 | €2,969 | €3,584 | +€614 | +20.7% |
| Leasing and similar rights | 25 | - | €30,898 | +€30,898 | |
| Assets under construction and advance payments | 27 | - | €7,000 | +€7,000 | |
| Current assets | 29/58 | €168,304 | €222,574 | +€54,270 | +32.2% |
| Amounts receivable within one year | 40/41 | €162,486 | €221,380 | +€58,894 | +36.2% |
| Trade receivables | 40 | €12,845 | €136,519 | +€123,674 | +963% |
| Other amounts receivable | 41 | €149,641 | €84,862 | -€64,779 | -43.3% |
| Cash at bank and in hand | 54/58 | €2,916 | €322 | -€2,594 | -89.0% |
| Deferred charges and accrued income | 490/1 | €2,902 | €872 | -€2,031 | -70.0% |
| Total equity and liabilities | 10/49 | €171,273 | €264,055 | +€92,782 | +54.2% |
| Equity | 10/15 | €8,860 | €9,274 | +€414 | +4.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,360 | €6,774 | +€414 | +6.5% |
| Amounts payable | 17/49 | €162,414 | €254,782 | +€92,368 | +56.9% |
| Amounts payable after more than one year | 17 | - | €26,940 | +€26,940 | |
| Financial debts | 170/4 | - | €26,940 | +€26,940 | |
| Amounts payable within one year | 42/48 | €162,414 | €227,842 | +€65,428 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,188 | +€4,188 | |
| Trade debts | 44 | €5,632 | €91,621 | +€85,989 | +1,527% |
| Suppliers | 440/4 | €5,632 | €91,621 | +€85,989 | +1,527% |
| Advances received on contracts in progress | 46 | €154,501 | €92,109 | -€62,392 | -40.4% |
| Taxes, remuneration and social security | 45 | €2,281 | €12,161 | +€9,880 | +433% |
| Taxes | 450/3 | €2,281 | €12,161 | +€9,880 | +433% |
| Other amounts payable | 47/48 | €0 | €27,763 | +€27,763 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,224 | €4,488 | +€3,264 | +267% |
| Other operating charges | 640/8 | €387 | €614 | +€226 | +58.5% |
| Gross operating margin | 9900 | €3,017 | €5,968 | +€2,950 | +97.8% |
| Operating profit (loss) | 9901 | €1,405 | €866 | -€539 | -38.4% |
| Financial income | 75/76B | €2,902 | €872 | -€2,031 | -70.0% |
| Recurring financial income | 75 | €2,902 | €872 | -€2,031 | -70.0% |
| Financial charges | 65/66B | €57 | €816 | +€759 | +1,337% |
| Recurring financial charges | 65 | €57 | €816 | +€759 | +1,337% |
| Profit (loss) for the period before taxes | 9903 | €4,251 | €922 | -€3,329 | -78.3% |
| Income taxes | 67/77 | €1,248 | €508 | -€741 | -59.3% |
| Profit (loss) for the period | 9904 | €3,002 | €414 | -€2,588 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,002 | €414 | -€2,588 | -86.2% |
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 25 October 2026 via checked.be.