QUAREBBE: what changed
Two fiscal 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.
QUAREBBE
Largest movements
- Tangible fixed assets -€17,653
down €17,653 (-2.9%), from €602,847 to €585,194
- Cash +€11,501
up €11,501 (+473.4%), from €2,430 to €13,931
mainly Net result for the year (+€28,644) and Depreciation (+€17,653)
- Debts after one year -€35,109
down €35,109 (-6.1%), from €572,473 to €537,364
of which Financial debts: -€35,109
- Profit (loss) carried forward +€28,644
up €28,644 (+61.4%), from -€46,648 to -€18,003
- Gross operating margin +€12,772
up €12,772 (+30.0%), from €42,518 to €55,289
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.
Cash bridge derived
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 | €605,636 | €599,724 | -€5,912 | -1.0% |
| Fixed assets | 21/28 | €602,847 | €585,194 | -€17,653 | -2.9% |
| Tangible fixed assets | 22/27 | €602,847 | €585,194 | -€17,653 | -2.9% |
| Land and buildings | 22 | €602,847 | €585,194 | -€17,653 | -2.9% |
| Current assets | 29/58 | €2,790 | €14,531 | +€11,741 | +420.9% |
| Amounts receivable within one year | 40/41 | €360 | - | -€360 | |
| Trade receivables | 40 | €360 | - | -€360 | |
| Cash at bank and in hand | 54/58 | €2,430 | €13,931 | +€11,501 | +473.4% |
| Deferred charges and accrued income | 490/1 | - | €600 | +€600 | |
| Total equity and liabilities | 10/49 | €605,636 | €599,724 | -€5,912 | -1.0% |
| Equity | 10/15 | -€1,648 | €26,997 | +€28,644 | |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,648 | -€18,003 | +€28,644 | +61.4% |
| Amounts payable | 17/49 | €607,284 | €572,727 | -€34,556 | -5.7% |
| Amounts payable after more than one year | 17 | €572,473 | €537,364 | -€35,109 | -6.1% |
| Financial debts | 170/4 | €531,668 | €496,559 | -€35,109 | -6.6% |
| Other amounts payable | 178/9 | €40,806 | €40,806 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,810 | €35,363 | +€553 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €34,710 | €35,109 | +€399 | +1.1% |
| Trade debts | 44 | - | €254 | +€254 | |
| Suppliers | 440/4 | - | €254 | +€254 | |
| Other amounts payable | 47/48 | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,653 | €17,653 | = | 0.0% |
| Other operating charges | 640/8 | €2,344 | €2,263 | -€81 | -3.5% |
| Gross operating margin | 9900 | €42,518 | €55,289 | +€12,772 | +30.0% |
| Operating profit (loss) | 9901 | €22,521 | €35,374 | +€12,852 | +57.1% |
| Financial charges | 65/66B | €7,119 | €6,729 | -€390 | -5.5% |
| Recurring financial charges | 65 | €7,119 | €6,729 | -€390 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €15,402 | €28,644 | +€13,243 | +86.0% |
| Profit (loss) for the period | 9904 | €15,402 | €28,644 | +€13,243 | +86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,402 | €28,644 | +€13,243 | +86.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.