Qu Trading: 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 Trading
Largest movements
- Cash +€39,163
up €39,163 (+6,880%), from €569 to €39,732
mainly Trade debts (+€33,350) and Stocks and contracts (+€5,535)
- Stocks and contracts -€5,535
down €5,535 (-10.0%), from €55,350 to €49,815
- Trade debts +€33,350
up €33,350 (+3,542%), from €942 to €34,292
- Write-downs -€6,150
no longer reported in 2025 (was €6,150)
- Gross operating margin +€1,141
up €1,141 (+1,074%), from €106 to €1,247
- Financial charges +€248
up €248 (+372%), from €67 to €315
- Other operating charges +€170
up €170 (+32.2%), from €528 to €698
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 | €55,926 | €89,547 | +€33,621 | +60.1% |
| Current assets | 29/58 | €55,926 | €89,547 | +€33,621 | +60.1% |
| Stocks and contracts in progress | 3 | €55,350 | €49,815 | -€5,535 | -10.0% |
| Stocks | 30/36 | €55,350 | €49,815 | -€5,535 | -10.0% |
| Amounts receivable within one year | 40/41 | €6 | - | -€6 | |
| Trade receivables | 40 | €6 | - | -€6 | |
| Cash at bank and in hand | 54/58 | €569 | €39,732 | +€39,163 | +6,880% |
| Total equity and liabilities | 10/49 | €55,926 | €89,547 | +€33,621 | +60.1% |
| Equity | 10/15 | €18,388 | €18,622 | +€234 | +1.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €8,575 | €8,575 | = | 0.0% |
| Distributable reserves | 133 | €8,575 | €8,575 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,187 | -€19,953 | +€234 | +1.2% |
| Amounts payable | 17/49 | €37,538 | €70,925 | +€33,387 | +88.9% |
| Amounts payable within one year | 42/48 | €37,538 | €70,925 | +€33,387 | +88.9% |
| Trade debts | 44 | €942 | €34,292 | +€33,350 | +3,542% |
| Suppliers | 440/4 | €942 | €34,292 | +€33,350 | +3,542% |
| Taxes, remuneration and social security | 45 | - | €463 | +€463 | |
| Taxes | 450/3 | - | €463 | +€463 | |
| Other amounts payable | 47/48 | €36,596 | €36,170 | -€426 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,150 | - | -€6,150 | |
| Other operating charges | 640/8 | €528 | €698 | +€170 | +32.2% |
| Gross operating margin | 9900 | €106 | €1,247 | +€1,141 | +1,074% |
| Operating profit (loss) | 9901 | -€6,572 | €549 | +€7,121 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €67 | €315 | +€248 | +372% |
| Recurring financial charges | 65 | €67 | €315 | +€248 | +372% |
| Profit (loss) for the period before taxes | 9903 | -€6,636 | €234 | +€6,870 | |
| Profit (loss) for the period | 9904 | -€6,636 | €234 | +€6,870 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,636 | €234 | +€6,870 |
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.