qU Sales: 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 Sales
Largest movements
- Cash +€51,955
up €51,955 (+62.7%), from €82,897 to €134,851
mainly Net result for the year (+€67,322) and Tax, wage and social debts (+€13,102)
- Current investments +€14,706
new in 2025: €14,706
- Tangible fixed assets -€9,328
down €9,328 (-5.2%), from €179,327 to €169,999
of which Land and buildings: -€7,099
- Deferred charges and accrued income -€4,306
down €4,306 (-61.7%), from €6,980 to €2,674
- Reserves +€37,322
up €37,322 (+20.1%), from €185,951 to €223,272
- Tax, wage and social debts +€13,102
up €13,102 (+243%), from €5,397 to €18,499
- Debts after one year -€9,763
down €9,763 (-16.4%), from €59,483 to €49,720
of which Financial debts: -€10,653
- Other debts +€5,798
up €5,798 (+531%), from €1,091 to €6,890
- Gross operating margin +€36,392
up €36,392 (+57.3%), from €63,459 to €99,851
- Taxes +€8,033
up €8,033 (+73.4%), from €10,940 to €18,973
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 | €306,241 | €356,052 | +€49,811 | +16.3% |
| Fixed assets | 21/28 | €179,327 | €169,999 | -€9,328 | -5.2% |
| Tangible fixed assets | 22/27 | €179,327 | €169,999 | -€9,328 | -5.2% |
| Land and buildings | 22 | €172,065 | €164,966 | -€7,099 | -4.1% |
| Plant, machinery and equipment | 23 | €3,471 | €2,363 | -€1,108 | -31.9% |
| Furniture and vehicles | 24 | €3,161 | €2,365 | -€796 | -25.2% |
| Other tangible fixed assets | 26 | €629 | €305 | -€325 | -51.6% |
| Current assets | 29/58 | €126,914 | €186,053 | +€59,138 | +46.6% |
| Amounts receivable within one year | 40/41 | €37,038 | €33,822 | -€3,216 | -8.7% |
| Trade receivables | 40 | €36,297 | €33,081 | -€3,216 | -8.9% |
| Other amounts receivable | 41 | €741 | €741 | = | 0.0% |
| Current investments | 50/53 | - | €14,706 | +€14,706 | |
| Cash at bank and in hand | 54/58 | €82,897 | €134,851 | +€51,955 | +62.7% |
| Deferred charges and accrued income | 490/1 | €6,980 | €2,674 | -€4,306 | -61.7% |
| Total equity and liabilities | 10/49 | €306,241 | €356,052 | +€49,811 | +16.3% |
| Equity | 10/15 | €204,551 | €241,872 | +€37,322 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €185,951 | €223,272 | +€37,322 | +20.1% |
| Distributable reserves | 133 | €185,951 | €223,272 | +€37,322 | +20.1% |
| Amounts payable | 17/49 | €101,690 | €114,180 | +€12,489 | +12.3% |
| Amounts payable after more than one year | 17 | €59,483 | €49,720 | -€9,763 | -16.4% |
| Financial debts | 170/4 | €58,593 | €47,940 | -€10,653 | -18.2% |
| Other amounts payable | 178/9 | €890 | €1,780 | +€890 | +100% |
| Amounts payable within one year | 42/48 | €42,207 | €64,460 | +€22,253 | +52.7% |
| Current portion of amounts payable after more than one year | 42 | €10,653 | €10,653 | = | 0.0% |
| Trade debts | 44 | €25,066 | €28,418 | +€3,352 | +13.4% |
| Suppliers | 440/4 | €25,066 | €28,418 | +€3,352 | +13.4% |
| Taxes, remuneration and social security | 45 | €5,397 | €18,499 | +€13,102 | +243% |
| Taxes | 450/3 | €5,397 | €18,499 | +€13,102 | +243% |
| Other amounts payable | 47/48 | €1,091 | €6,890 | +€5,798 | +531% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,119 | €9,328 | +€209 | +2.3% |
| Other operating charges | 640/8 | €2,145 | €2,801 | +€657 | +30.6% |
| Gross operating margin | 9900 | €63,459 | €99,851 | +€36,392 | +57.3% |
| Operating profit (loss) | 9901 | €52,195 | €87,722 | +€35,527 | +68.1% |
| Financial income | 75/76B | €396 | €100 | -€295 | -74.7% |
| Recurring financial income | 75 | €396 | €100 | -€295 | -74.7% |
| Financial charges | 65/66B | €1,604 | €1,528 | -€75 | -4.7% |
| Recurring financial charges | 65 | €1,604 | €1,528 | -€75 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €50,987 | €86,294 | +€35,307 | +69.2% |
| Income taxes | 67/77 | €10,940 | €18,973 | +€8,033 | +73.4% |
| Profit (loss) for the period | 9904 | €40,047 | €67,322 | +€27,274 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,047 | €67,322 | +€27,274 | +68.1% |
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 30 October 2026 via checked.be.