QUARTIER GENERAL: 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.
QUARTIER GENERAL
Largest movements
- Intangible fixed assets -€3,000
no longer reported in 2025 (was €3,000)
- Stocks and contracts +€2,005
up €2,005 (+8.4%), from €23,809 to €25,814
- Receivables within one year -€2,000
down €2,000 (-33.2%), from €6,020 to €4,020
of which Trade receivables: -€2,003
- Cash +€1,934
up €1,934 (+39.5%), from €4,901 to €6,834
mainly Trade debts (+€5,492) and Depreciation (+€4,157)
- Deferred charges and accrued income +€1,379
up €1,379 (+20.4%), from €6,755 to €8,134
- Other debts -€7,906
down €7,906 (-89.7%), from €8,812 to €906
- Trade debts +€5,492
up €5,492 (+24.2%), from €22,704 to €28,196
- Tax, wage and social debts +€1,904
up €1,904 (+18.7%), from €10,166 to €12,070
of which Remuneration and social security: +€1,863
- Profit (loss) carried forward +€1,314
up €1,314 (+1.4%), from -€92,155 to -€90,841
- Turnover +€146,988
up €146,988 (+27.6%), from €532,282 to €679,270
- Purchases and services +€104,512
up €104,512 (+22.8%), from €458,567 to €563,079
- Gross operating margin +€42,476
up €42,476 (+57.6%), from €73,715 to €116,191
- Staff costs +€16,529
up €16,529 (+18.5%), from €89,319 to €105,847
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 | €51,473 | €51,832 | +€358 | +0.7% |
| Fixed assets | 21/28 | €9,989 | €7,029 | -€2,960 | -29.6% |
| Intangible fixed assets | 21 | €3,000 | - | -€3,000 | |
| Tangible fixed assets | 22/27 | €2,554 | €2,544 | -€10 | -0.4% |
| Plant, machinery and equipment | 23 | €322 | €285 | -€37 | -11.4% |
| Furniture and vehicles | 24 | €2,006 | €2,259 | +€253 | +12.6% |
| Other tangible fixed assets | 26 | €226 | - | -€226 | |
| Financial fixed assets | 28 | €4,435 | €4,485 | +€50 | +1.1% |
| Current assets | 29/58 | €41,485 | €44,803 | +€3,318 | +8.0% |
| Stocks and contracts in progress | 3 | €23,809 | €25,814 | +€2,005 | +8.4% |
| Stocks | 30/36 | €23,809 | €25,814 | +€2,005 | +8.4% |
| Amounts receivable within one year | 40/41 | €6,020 | €4,020 | -€2,000 | -33.2% |
| Trade receivables | 40 | €2,063 | €60 | -€2,003 | -97.1% |
| Other amounts receivable | 41 | €3,957 | €3,960 | +€3 | +0.1% |
| Cash at bank and in hand | 54/58 | €4,901 | €6,834 | +€1,934 | +39.5% |
| Deferred charges and accrued income | 490/1 | €6,755 | €8,134 | +€1,379 | +20.4% |
| Total equity and liabilities | 10/49 | €51,473 | €51,832 | +€358 | +0.7% |
| Equity | 10/15 | -€53,155 | -€51,841 | +€1,314 | +2.5% |
| Contributions | 10/11 | €39,000 | €39,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,155 | -€90,841 | +€1,314 | +1.4% |
| Amounts payable | 17/49 | €104,628 | €103,673 | -€956 | -0.9% |
| Amounts payable after more than one year | 17 | €62,500 | €62,500 | = | 0.0% |
| Financial debts | 170/4 | €62,500 | €62,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,682 | €41,173 | -€509 | -1.2% |
| Trade debts | 44 | €22,704 | €28,196 | +€5,492 | +24.2% |
| Suppliers | 440/4 | €22,704 | €28,196 | +€5,492 | +24.2% |
| Taxes, remuneration and social security | 45 | €10,166 | €12,070 | +€1,904 | +18.7% |
| Taxes | 450/3 | €835 | €877 | +€42 | +5.0% |
| Remuneration and social security | 454/9 | €9,331 | €11,193 | +€1,863 | +20.0% |
| Other amounts payable | 47/48 | €8,812 | €906 | -€7,906 | -89.7% |
| Accrued charges and deferred income | 492/3 | €446 | - | -€446 | |
| Turnover | 70 | €532,282 | €679,270 | +€146,988 | +27.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €458,567 | €563,079 | +€104,512 | +22.8% |
| Remuneration, social security and pensions | 62 | €89,319 | €105,847 | +€16,529 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,017 | €4,157 | +€141 | +3.5% |
| Other operating charges | 640/8 | €772 | €430 | -€342 | -44.3% |
| Gross operating margin | 9900 | €73,715 | €116,191 | +€42,476 | +57.6% |
| Operating profit (loss) | 9901 | -€20,392 | €5,756 | +€26,148 | |
| Financial income | 75/76B | €33 | €49 | +€16 | +50.1% |
| Recurring financial income | 75 | €33 | €49 | +€16 | +50.1% |
| Financial charges | 65/66B | €4,087 | €4,491 | +€405 | +9.9% |
| Recurring financial charges | 65 | €4,087 | €4,491 | +€405 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,446 | €1,314 | +€25,760 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€24,446 | €1,314 | +€25,760 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,446 | €1,314 | +€25,760 |
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 27 October 2026 via checked.be.