QUAEGEBEUR ENGINEERING: 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.
QUAEGEBEUR ENGINEERING
Largest movements
- Receivables within one year +€269,194
new in 2025: €269,194
- Cash -€34,576
down €34,576 (-34.5%), from €100,112 to €65,536
mainly Receivables within one year (-€269,194) and Other debts (-€52,562)
- Reserves +€274,860
up €274,860 (+35.3%), from €779,320 to €1.1m
of which Distributable reserves: +€274,860
- Other debts -€52,562
down €52,562 (-3.9%), from €1.3m to €1.3m
- Write-downs -€467,765
new in 2025: -€467,765
- Financial income -€165,129
down €165,129 (-92.8%), from €177,953 to €12,824
- Other operating charges +€150,698
up €150,698 (+119,601%), from €126 to €150,824
- Gross operating margin -€20,563
down €20,563 (-304%), from -€6,760 to -€27,323
- Taxes +€12,198
up €12,198 (+79.8%), from €15,288 to €27,486
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 | €2,200,804 | €2,435,422 | +€234,617 | +10.7% |
| Fixed assets | 21/28 | €2,100,692 | €2,100,692 | = | 0.0% |
| Financial fixed assets | 28 | €2,100,692 | €2,100,692 | = | 0.0% |
| Current assets | 29/58 | €100,112 | €334,730 | +€234,617 | +234% |
| Amounts receivable within one year | 40/41 | - | €269,194 | +€269,194 | |
| Other amounts receivable | 41 | - | €269,194 | +€269,194 | |
| Cash at bank and in hand | 54/58 | €100,112 | €65,536 | -€34,576 | -34.5% |
| Total equity and liabilities | 10/49 | €2,200,804 | €2,435,422 | +€234,617 | +10.7% |
| Equity | 10/15 | €842,320 | €1,117,180 | +€274,860 | +32.6% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €779,320 | €1,054,180 | +€274,860 | +35.3% |
| Non-distributable reserves | 130/1 | €96,300 | €96,300 | = | 0.0% |
| Legal reserve | 130 | €96,300 | €96,300 | = | 0.0% |
| Distributable reserves | 133 | €683,020 | €957,880 | +€274,860 | +40.2% |
| Amounts payable | 17/49 | €1,358,484 | €1,318,241 | -€40,243 | -3.0% |
| Amounts payable within one year | 42/48 | €1,358,484 | €1,318,241 | -€40,243 | -3.0% |
| Trade debts | 44 | €209 | €330 | +€121 | +58.2% |
| Suppliers | 440/4 | €209 | €330 | +€121 | +58.2% |
| Taxes, remuneration and social security | 45 | €15,288 | €27,486 | +€12,198 | +79.8% |
| Taxes | 450/3 | €15,288 | €27,486 | +€12,198 | +79.8% |
| Other amounts payable | 47/48 | €1,342,988 | €1,290,425 | -€52,562 | -3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€467,765 | -€467,765 | |
| Other operating charges | 640/8 | €126 | €150,824 | +€150,698 | +119,601% |
| Gross operating margin | 9900 | -€6,760 | -€27,323 | -€20,563 | -304% |
| Operating profit (loss) | 9901 | -€6,886 | €289,618 | +€296,504 | |
| Financial income | 75/76B | €177,953 | €12,824 | -€165,129 | -92.8% |
| Recurring financial income | 75 | €177,953 | €12,824 | -€165,129 | -92.8% |
| Financial charges | 65/66B | €2,897 | €95 | -€2,801 | -96.7% |
| Recurring financial charges | 65 | €2,897 | €95 | -€2,801 | -96.7% |
| Profit (loss) for the period before taxes | 9903 | €168,170 | €302,346 | +€134,176 | +79.8% |
| Income taxes | 67/77 | €15,288 | €27,486 | +€12,198 | +79.8% |
| Profit (loss) for the period | 9904 | €152,882 | €274,860 | +€121,978 | +79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €152,882 | €274,860 | +€121,978 | +79.8% |
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 18 October 2026 via checked.be.