QUASR: 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.
QUASR
Largest movements
- Cash +€15,760
up €15,760 (+326%), from €4,830 to €20,590
mainly Net result for the year (+€12,270) and Short-term financial debts (+€2,505)
- Deferred charges and accrued income +€852
new in 2025: €852
- Profit (loss) carried forward +€12,270
up €12,270 (+31.4%), from -€39,067 to -€26,797
- Short-term financial debts +€2,505
up €2,505 (+3,672%), from €68 to €2,573
- Trade debts +€851
up €851 (+674%), from €126 to €977
- Accrued charges and deferred income +€824
new in 2025: €824
- Gross operating margin +€20,179
up €20,179, from -€7,245 to €12,935
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 | €6,201 | €22,650 | +€16,450 | +265% |
| Current assets | 29/58 | €6,201 | €22,650 | +€16,450 | +265% |
| Amounts receivable within one year | 40/41 | €1,370 | €1,208 | -€162 | -11.8% |
| Trade receivables | 40 | €819 | €0 | -€819 | -100% |
| Other amounts receivable | 41 | €551 | €1,208 | +€657 | +119% |
| Cash at bank and in hand | 54/58 | €4,830 | €20,590 | +€15,760 | +326% |
| Deferred charges and accrued income | 490/1 | - | €852 | +€852 | |
| Total equity and liabilities | 10/49 | €6,201 | €22,650 | +€16,450 | +265% |
| Equity | 10/15 | -€24,067 | -€11,797 | +€12,270 | +51.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,067 | -€26,797 | +€12,270 | +31.4% |
| Amounts payable | 17/49 | €30,268 | €34,447 | +€4,179 | +13.8% |
| Amounts payable within one year | 42/48 | €30,268 | €33,623 | +€3,356 | +11.1% |
| Financial debts | 43 | €68 | €2,573 | +€2,505 | +3,672% |
| Credit institutions | 430/8 | €68 | €2,573 | +€2,505 | +3,672% |
| Trade debts | 44 | €126 | €977 | +€851 | +674% |
| Suppliers | 440/4 | €126 | €977 | +€851 | +674% |
| Other amounts payable | 47/48 | €30,073 | €30,073 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €824 | +€824 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€7,245 | €12,935 | +€20,179 | |
| Operating profit (loss) | 9901 | -€7,750 | €12,415 | +€20,165 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €108 | €145 | +€36 | +33.5% |
| Recurring financial charges | 65 | €108 | €145 | +€36 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,858 | €12,270 | +€20,129 | |
| Profit (loss) for the period | 9904 | -€7,858 | €12,270 | +€20,129 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,858 | €12,270 | +€20,129 |
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 19 October 2026 via checked.be.