QUAVAS: what changed
What changed
QUAVAS
NACE 77.222, Rental and leasing activities
filed annual accounts (NBB)
Net result for the year
€75,299
2024 · €102,751-€27,451
Equity
€257,107
2024 · €181,808+€75,299
Cash
€375,875
2024 · €185,050+€190,825
Balance sheet total
€653,651
2024 · €452,132+€201,519
Largest movements
Assets
- Cash +€190,825
up €190,825 (+103%), from €185,050 to €375,875
mainly Other debts (+€132,247) and Net result for the year (+€75,299)
- Tangible fixed assets +€8,250
up €8,250 (+37.6%), from €21,952 to €30,202
of which Furniture and vehicles: +€8,452
Equity and liabilities
- Other debts +€132,247
up €132,247 (+59.0%), from €224,046 to €356,293
- Reserves +€75,299
up €75,299 (+853%), from €8,826 to €84,125
of which Distributable reserves: +€77,025
Income statement
- Gross operating margin -€23,093
down €23,093 (-16.2%), from €142,397 to €119,305
- Financial charges +€4,864
up €4,864 (+152%), from €3,193 to €8,057
- Depreciation +€1,530
up €1,530 (+26.5%), from €5,771 to €7,300
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€102,751
Gross operating margin
-€23,093
Depreciation
-€1,530
Other operating charges
+€1,007
Financial income
+€1,271
Financial charges
-€4,864
Taxes
-€243
Result 2025
€75,299
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€206,375
Investment
-€15,550
Financing
€0
Cash 2024
€185,050
From operations (derived)
+€206,375
Net result for the year
+€75,299
Depreciation
+€7,300
Receivables within one year
-€2,633
Smaller working-capital items
+€432
Trade debts
-€6,270
Other debts
+€132,247
Investment (derived)
-€15,550
Investment in fixed assets (net)
-€15,550
Cash 2025
€375,875
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €452,132 | €653,651 | +€201,519 | +44.6% |
| Fixed assets | 21/28 | €121,952 | €130,202 | +€8,250 | +6.8% |
| Tangible fixed assets | 22/27 | €21,952 | €30,202 | +€8,250 | +37.6% |
| Plant, machinery and equipment | 23 | €2,470 | €2,698 | +€228 | +9.2% |
| Furniture and vehicles | 24 | €16,410 | €24,862 | +€8,452 | +51.5% |
| Other tangible fixed assets | 26 | €3,073 | €2,642 | -€431 | -14.0% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €330,179 | €523,449 | +€193,270 | +58.5% |
| Amounts receivable within one year | 40/41 | €142,677 | €145,311 | +€2,633 | +1.8% |
| Other amounts receivable | 41 | €142,677 | €145,311 | +€2,633 | +1.8% |
| Cash at bank and in hand | 54/58 | €185,050 | €375,875 | +€190,825 | +103% |
| Deferred charges and accrued income | 490/1 | €2,452 | €2,263 | -€189 | -7.7% |
| Total equity and liabilities | 10/49 | €452,132 | €653,651 | +€201,519 | +44.6% |
| Equity | 10/15 | €181,808 | €257,107 | +€75,299 | +41.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,826 | €84,125 | +€75,299 | +853% |
| Non-distributable reserves | 130/1 | €1,726 | €0 | -€1,726 | -100% |
| Reserves not available under the articles | 1311 | €1,726 | €0 | -€1,726 | -100% |
| Distributable reserves | 133 | €7,100 | €84,125 | +€77,025 | +1,085% |
| Profit (loss) carried forward | 14 | €166,782 | €166,782 | = | 0.0% |
| Amounts payable | 17/49 | €270,324 | €396,544 | +€126,220 | +46.7% |
| Amounts payable within one year | 42/48 | €269,124 | €395,344 | +€126,220 | +46.9% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €9,973 | €3,703 | -€6,270 | -62.9% |
| Suppliers | 440/4 | €9,973 | €3,703 | -€6,270 | -62.9% |
| Taxes, remuneration and social security | 45 | €10,106 | €10,348 | +€243 | +2.4% |
| Taxes | 450/3 | €10,106 | €10,348 | +€243 | +2.4% |
| Other amounts payable | 47/48 | €224,046 | €356,293 | +€132,247 | +59.0% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,771 | €7,300 | +€1,530 | +26.5% |
| Other operating charges | 640/8 | €2,094 | €1,087 | -€1,007 | -48.1% |
| Gross operating margin | 9900 | €142,397 | €119,305 | -€23,093 | -16.2% |
| Operating profit (loss) | 9901 | €134,533 | €110,917 | -€23,615 | -17.6% |
| Financial income | 75/76B | €3,516 | €4,787 | +€1,271 | +36.1% |
| Recurring financial income | 75 | €3,516 | €4,787 | +€1,271 | +36.1% |
| Financial charges | 65/66B | €3,193 | €8,057 | +€4,864 | +152% |
| Recurring financial charges | 65 | €3,193 | €8,057 | +€4,864 | +152% |
| Profit (loss) for the period before taxes | 9903 | €134,856 | €107,648 | -€27,209 | -20.2% |
| Income taxes | 67/77 | €32,106 | €32,348 | +€243 | +0.8% |
| Profit (loss) for the period | 9904 | €102,751 | €75,299 | -€27,451 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €102,751 | €75,299 | -€27,451 | -26.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.