QUASPA: 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.
QUASPA
Largest movements
- Tangible fixed assets -€12,281
down €12,281 (-20.6%), from €59,630 to €47,348
of which Other tangible fixed assets: -€7,654
- Receivables within one year -€1,452
down €1,452 (-99.8%), from €1,455 to €3
- Cash -€1,346
down €1,346 (-10.4%), from €12,990 to €11,644
mainly Net result for the year (-€16,134) and Accrued charges and deferred income (-€1,574)
- Profit (loss) carried forward -€16,134
down €16,134, from €4,330 to -€11,804
- Trade debts +€2,629
new in 2025: €2,629
- Accrued charges and deferred income -€1,574
no longer reported in 2025 (was €1,574)
- Gross operating margin -€6,785
down €6,785, from €5,002 to -€1,783
- Other operating charges +€62
up €62 (+3.2%), from €1,962 to €2,024
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 | €74,075 | €58,995 | -€15,079 | -20.4% |
| Fixed assets | 21/28 | €59,630 | €47,348 | -€12,281 | -20.6% |
| Tangible fixed assets | 22/27 | €59,630 | €47,348 | -€12,281 | -20.6% |
| Land and buildings | 22 | €46,397 | €41,770 | -€4,627 | -10.0% |
| Other tangible fixed assets | 26 | €13,232 | €5,578 | -€7,654 | -57.8% |
| Current assets | 29/58 | €14,445 | €11,647 | -€2,798 | -19.4% |
| Amounts receivable within one year | 40/41 | €1,455 | €3 | -€1,452 | -99.8% |
| Other amounts receivable | 41 | €1,455 | €3 | -€1,452 | -99.8% |
| Cash at bank and in hand | 54/58 | €12,990 | €11,644 | -€1,346 | -10.4% |
| Total equity and liabilities | 10/49 | €74,075 | €58,995 | -€15,079 | -20.4% |
| Equity | 10/15 | €72,500 | €56,367 | -€16,134 | -22.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,330 | -€11,804 | -€16,134 | |
| Amounts payable | 17/49 | €1,574 | €2,629 | +€1,054 | +67.0% |
| Amounts payable within one year | 42/48 | - | €2,629 | +€2,629 | |
| Trade debts | 44 | - | €2,629 | +€2,629 | |
| Suppliers | 440/4 | - | €2,629 | +€2,629 | |
| Accrued charges and deferred income | 492/3 | €1,574 | - | -€1,574 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,281 | €12,281 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,962 | €2,024 | +€62 | +3.2% |
| Gross operating margin | 9900 | €5,002 | -€1,783 | -€6,785 | |
| Operating profit (loss) | 9901 | -€9,241 | -€16,088 | -€6,847 | -74.1% |
| Financial charges | 65/66B | €43 | €45 | +€3 | +6.1% |
| Recurring financial charges | 65 | €43 | €45 | +€3 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,284 | -€16,134 | -€6,850 | -73.8% |
| Profit (loss) for the period | 9904 | -€9,284 | -€16,134 | -€6,850 | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,284 | -€16,134 | -€6,850 | -73.8% |
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 12 October 2026 via checked.be.