QUARKS: 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.
QUARKS
Largest movements
- Receivables within one year +€84,530
up €84,530 (+48.4%), from €174,661 to €259,191
of which Trade receivables: +€50,936
- Tangible fixed assets -€19,929
down €19,929 (-24.6%), from €81,004 to €61,075
of which Furniture and vehicles: -€11,662
- Intangible fixed assets -€16,525
down €16,525 (-25.3%), from €65,375 to €48,850
- Other debts +€125,000
up €125,000 (+178.6%), from €70,000 to €195,000
- Reserves -€102,550
down €102,550 (-52.1%), from €197,000 to €94,450
of which Distributable reserves: -€102,550
- Tax, wage and social debts +€44,583
up €44,583 (+75.4%), from €59,116 to €103,699
of which Taxes: +€44,747
- Trade debts -€18,230
down €18,230 (-62.0%), from €29,415 to €11,184
- Staff costs -€69,527
down €69,527 (-88.1%), from €78,888 to €9,361
- Gross operating margin -€53,480
down €53,480 (-22.7%), from €235,307 to €181,827
- Taxes +€16,165
up €16,165 (+66.6%), from €24,285 to €40,450
- Financial charges -€7,392
down €7,392 (-89.9%), from €8,222 to €829
- Other operating charges -€3,856
down €3,856 (-90.4%), from €4,264 to €408
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 | €377,477 | €426,289 | +€48,812 | +12.9% |
| Fixed assets | 21/28 | €146,538 | €110,084 | -€36,454 | -24.9% |
| Intangible fixed assets | 21 | €65,375 | €48,850 | -€16,525 | -25.3% |
| Tangible fixed assets | 22/27 | €81,004 | €61,075 | -€19,929 | -24.6% |
| Plant, machinery and equipment | 23 | €53,025 | €44,759 | -€8,267 | -15.6% |
| Furniture and vehicles | 24 | €27,978 | €16,316 | -€11,662 | -41.7% |
| Financial fixed assets | 28 | €159 | €159 | = | 0.0% |
| Current assets | 29/58 | €230,939 | €316,205 | +€85,266 | +36.9% |
| Amounts receivable within one year | 40/41 | €174,661 | €259,191 | +€84,530 | +48.4% |
| Trade receivables | 40 | €35,473 | €86,409 | +€50,936 | +143.6% |
| Other amounts receivable | 41 | €139,188 | €172,782 | +€33,594 | +24.1% |
| Cash at bank and in hand | 54/58 | €53,545 | €54,993 | +€1,449 | +2.7% |
| Deferred charges and accrued income | 490/1 | €2,733 | €2,021 | -€713 | -26.1% |
| Total equity and liabilities | 10/49 | €377,477 | €426,289 | +€48,812 | +12.9% |
| Equity | 10/15 | €218,946 | €116,406 | -€102,540 | -46.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €197,000 | €94,450 | -€102,550 | -52.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €195,000 | €92,450 | -€102,550 | -52.6% |
| Profit (loss) carried forward | 14 | €1,946 | €1,956 | +€10 | +0.5% |
| Amounts payable | 17/49 | €158,531 | €309,883 | +€151,352 | +95.5% |
| Amounts payable within one year | 42/48 | €158,531 | €309,883 | +€151,352 | +95.5% |
| Trade debts | 44 | €29,415 | €11,184 | -€18,230 | -62.0% |
| Suppliers | 440/4 | €29,415 | €11,184 | -€18,230 | -62.0% |
| Taxes, remuneration and social security | 45 | €59,116 | €103,699 | +€44,583 | +75.4% |
| Taxes | 450/3 | €58,952 | €103,699 | +€44,747 | +75.9% |
| Remuneration and social security | 454/9 | €164 | - | -€164 | |
| Other amounts payable | 47/48 | €70,000 | €195,000 | +€125,000 | +178.6% |
| Remuneration, social security and pensions | 62 | €78,888 | €9,361 | -€69,527 | -88.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,406 | €38,319 | -€87 | -0.2% |
| Other operating charges | 640/8 | €4,264 | €408 | -€3,856 | -90.4% |
| Gross operating margin | 9900 | €235,307 | €181,827 | -€53,480 | -22.7% |
| Operating profit (loss) | 9901 | €113,749 | €133,739 | +€19,990 | +17.6% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €8,222 | €829 | -€7,392 | -89.9% |
| Recurring financial charges | 65 | €8,222 | €829 | -€7,392 | -89.9% |
| Profit (loss) for the period before taxes | 9903 | €105,527 | €132,910 | +€27,383 | +25.9% |
| Income taxes | 67/77 | €24,285 | €40,450 | +€16,165 | +66.6% |
| Profit (loss) for the period | 9904 | €81,242 | €92,460 | +€11,218 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,242 | €92,460 | +€11,218 | +13.8% |
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 6 October 2026 via checked.be.