QUAREER: 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.
QUAREER
Largest movements
- Cash -€1,815
down €1,815 (-99.5%), from €1,824 to €9
mainly Net result for the year (-€2,232) and Receivables within one year (-€211)
- Formation expenses -€299
down €299 (-22.9%), from €1,308 to €1,008
- Receivables within one year +€211
up €211 (+811%), from €26 to €237
- Profit (loss) carried forward -€2,232
down €2,232 (-100%), from -€2,230 to -€4,462
- Other debts +€325
new in 2025: €325
- Other operating charges -€160
down €160 (-28.5%), from €559 to €400
- Depreciation +€110
up €110 (+58.0%), from €190 to €299
- Gross operating margin -€33
down €33 (-2.3%), from -€1,429 to -€1,461
- Financial charges +€20
up €20 (+38.4%), from €52 to €72
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 | €3,158 | €1,254 | -€1,904 | -60.3% |
| Formation expenses | 20 | €1,308 | €1,008 | -€299 | -22.9% |
| Current assets | 29/58 | €1,850 | €245 | -€1,605 | -86.7% |
| Amounts receivable within one year | 40/41 | €26 | €237 | +€211 | +811% |
| Other amounts receivable | 41 | €26 | €237 | +€211 | +811% |
| Cash at bank and in hand | 54/58 | €1,824 | €9 | -€1,815 | -99.5% |
| Total equity and liabilities | 10/49 | €3,158 | €1,254 | -€1,904 | -60.3% |
| Equity | 10/15 | €2,770 | €538 | -€2,232 | -80.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,230 | -€4,462 | -€2,232 | -100% |
| Amounts payable | 17/49 | €387 | €716 | +€328 | +84.8% |
| Amounts payable within one year | 42/48 | €387 | €716 | +€328 | +84.8% |
| Trade debts | 44 | €387 | €391 | +€3 | +0.9% |
| Suppliers | 440/4 | €387 | €391 | +€3 | +0.9% |
| Other amounts payable | 47/48 | - | €325 | +€325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190 | €299 | +€110 | +58.0% |
| Other operating charges | 640/8 | €559 | €400 | -€160 | -28.5% |
| Gross operating margin | 9900 | -€1,429 | -€1,461 | -€33 | -2.3% |
| Operating profit (loss) | 9901 | -€2,177 | -€2,160 | +€17 | +0.8% |
| Financial charges | 65/66B | €52 | €72 | +€20 | +38.4% |
| Recurring financial charges | 65 | €52 | €72 | +€20 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,230 | -€2,232 | -€3 | -0.1% |
| Profit (loss) for the period | 9904 | -€2,230 | -€2,232 | -€3 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,230 | -€2,232 | -€3 | -0.1% |
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 18 October 2026 via checked.be.