Quares PBSA: 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.
Quares PBSA
Largest movements
- Receivables within one year -€652,462
down €652,462 (-52.5%), from €1.2m to €591,424
of which Other amounts receivable: -€742,722
- Financial fixed assets +€425,000
up €425,000 (+1,693%), from €25,100 to €450,100
- Cash -€23,350
down €23,350 (-92.2%), from €25,326 to €1,976
mainly Accrued charges and deferred income (-€714,115) and Investment in fixed assets (net) (-€427,925)
- Accrued charges and deferred income -€714,115
down €714,115 (-97.1%), from €735,337 to €21,222
- Other debts +€668,145
new in 2025: €668,145
- Profit (loss) carried forward -€216,546
down €216,546, from €39 to -€216,506
- Tax, wage and social debts -€157,917
down €157,917 (-71.0%), from €222,473 to €64,557
of which Taxes: -€136,105
- Debts after one year +€150,000
new in 2025: €150,000
- Gross operating margin -€1.3m
down €1.3m (-96.2%), from €1.3m to €50,282
- Taxes -€300,405
down €300,405 (-99.8%), from €300,943 to €538
- Financial income -€100,852
down €100,852 (-94.6%), from €106,589 to €5,736
of which Financial income: -€100,852
- Financial charges -€23,323
down €23,323 (-63.2%), from €36,889 to €13,567
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 | €1,308,194 | €1,069,560 | -€238,634 | -18.2% |
| Fixed assets | 21/28 | €30,828 | €456,014 | +€425,186 | +1,379% |
| Intangible fixed assets | 21 | - | €2,875 | +€2,875 | |
| Tangible fixed assets | 22/27 | €5,728 | €3,038 | -€2,689 | -47.0% |
| Plant, machinery and equipment | 23 | €4,686 | €1,915 | -€2,771 | -59.1% |
| Furniture and vehicles | 24 | €1,041 | €1,123 | +€82 | +7.8% |
| Financial fixed assets | 28 | €25,100 | €450,100 | +€425,000 | +1,693% |
| Current assets | 29/58 | €1,277,366 | €613,546 | -€663,820 | -52.0% |
| Amounts receivable within one year | 40/41 | €1,243,886 | €591,424 | -€652,462 | -52.5% |
| Trade receivables | 40 | €24,833 | €115,093 | +€90,260 | +363% |
| Other amounts receivable | 41 | €1,219,053 | €476,331 | -€742,722 | -60.9% |
| Cash at bank and in hand | 54/58 | €25,326 | €1,976 | -€23,350 | -92.2% |
| Deferred charges and accrued income | 490/1 | €8,154 | €20,146 | +€11,992 | +147% |
| Total equity and liabilities | 10/49 | €1,308,194 | €1,069,560 | -€238,634 | -18.2% |
| Equity | 10/15 | €171,539 | -€148,856 | -€320,396 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €110,000 | €6,150 | -€103,850 | -94.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €103,850 | €0 | -€103,850 | -100% |
| Profit (loss) carried forward | 14 | €39 | -€216,506 | -€216,546 | |
| Amounts payable | 17/49 | €1,136,654 | €1,218,416 | +€81,762 | +7.2% |
| Amounts payable after more than one year | 17 | - | €150,000 | +€150,000 | |
| Financial debts | 170/4 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €401,317 | €1,047,194 | +€645,876 | +161% |
| Financial debts | 43 | €7,553 | €1,354 | -€6,198 | -82.1% |
| Credit institutions | 430/8 | €7,553 | €1,354 | -€6,198 | -82.1% |
| Trade debts | 44 | €171,291 | €313,137 | +€141,846 | +82.8% |
| Suppliers | 440/4 | €171,291 | €313,137 | +€141,846 | +82.8% |
| Taxes, remuneration and social security | 45 | €222,473 | €64,557 | -€157,917 | -71.0% |
| Taxes | 450/3 | €191,439 | €55,334 | -€136,105 | -71.1% |
| Remuneration and social security | 454/9 | €31,035 | €9,223 | -€21,812 | -70.3% |
| Other amounts payable | 47/48 | - | €668,145 | +€668,145 | |
| Accrued charges and deferred income | 492/3 | €735,337 | €21,222 | -€714,115 | -97.1% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €195,907 | €205,323 | +€9,416 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,497 | €2,739 | +€242 | +9.7% |
| Other operating charges | 640/8 | €3,515 | €3,532 | +€17 | +0.5% |
| Non-recurring operating charges | 66A | - | €150,716 | +€150,716 | |
| Gross operating margin | 9900 | €1,326,747 | €50,282 | -€1.3m | -96.2% |
| Operating profit (loss) | 9901 | €1,124,828 | -€312,028 | -€1.4m | |
| Financial income | 75/76B | €106,589 | €5,736 | -€100,852 | -94.6% |
| Recurring financial income | 75 | €106,589 | €5,736 | -€100,852 | -94.6% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €36,889 | €13,567 | -€23,323 | -63.2% |
| Recurring financial charges | 65 | €36,889 | €13,567 | -€23,323 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | €1,194,527 | -€319,858 | -€1.5m | |
| Income taxes | 67/77 | €300,943 | €538 | -€300,405 | -99.8% |
| Profit (loss) for the period | 9904 | €893,584 | -€320,396 | -€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €893,584 | -€320,396 | -€1.2m |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.