QUC: 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.
QUC
Largest movements
- Cash +€25,217
up €25,217 (+44.2%), from €57,107 to €82,325
mainly Net result for the year (+€31,600) and Receivables within one year (+€14,580)
- Receivables within one year -€14,580
down €14,580 (-50.2%), from €29,045 to €14,465
of which Trade receivables: -€14,376
- Reserves +€17,159
up €17,159 (+28.1%), from €60,998 to €78,157
- Tax, wage and social debts -€5,362
down €5,362 (-26.4%), from €20,318 to €14,956
- Other debts +€1,436
up €1,436 (+167%), from €859 to €2,295
- Trade debts -€1,304
down €1,304 (-97.9%), from €1,331 to €27
- Gross operating margin -€30,422
down €30,422 (-41.0%), from €74,120 to €43,697
- Taxes -€8,348
down €8,348 (-41.1%), from €20,318 to €11,971
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 | €86,180 | €97,746 | +€11,566 | +13.4% |
| Current assets | 29/58 | €86,180 | €97,746 | +€11,566 | +13.4% |
| Amounts receivable within one year | 40/41 | €29,045 | €14,465 | -€14,580 | -50.2% |
| Trade receivables | 40 | €28,841 | €14,465 | -€14,376 | -49.8% |
| Other amounts receivable | 41 | €204 | - | -€204 | |
| Cash at bank and in hand | 54/58 | €57,107 | €82,325 | +€25,217 | +44.2% |
| Deferred charges and accrued income | 490/1 | €28 | €956 | +€928 | +3,364% |
| Total equity and liabilities | 10/49 | €86,180 | €97,746 | +€11,566 | +13.4% |
| Equity | 10/15 | €62,998 | €80,157 | +€17,159 | +27.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €60,998 | €78,157 | +€17,159 | +28.1% |
| Distributable reserves | 133 | €60,998 | €78,157 | +€17,159 | +28.1% |
| Amounts payable | 17/49 | €23,182 | €17,589 | -€5,593 | -24.1% |
| Amounts payable within one year | 42/48 | €23,112 | €17,389 | -€5,723 | -24.8% |
| Financial debts | 43 | €604 | €111 | -€493 | -81.7% |
| Credit institutions | 430/8 | €604 | €111 | -€493 | -81.7% |
| Trade debts | 44 | €1,331 | €27 | -€1,304 | -97.9% |
| Suppliers | 440/4 | €1,331 | €27 | -€1,304 | -97.9% |
| Taxes, remuneration and social security | 45 | €20,318 | €14,956 | -€5,362 | -26.4% |
| Taxes | 450/3 | €20,318 | €14,956 | -€5,362 | -26.4% |
| Other amounts payable | 47/48 | €859 | €2,295 | +€1,436 | +167% |
| Accrued charges and deferred income | 492/3 | €69 | €200 | +€131 | +189% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €74,120 | €43,697 | -€30,422 | -41.0% |
| Operating profit (loss) | 9901 | €73,994 | €43,569 | -€30,424 | -41.1% |
| Financial income | 75/76B | €18 | €229 | +€210 | +1,153% |
| Recurring financial income | 75 | €18 | €229 | +€210 | +1,153% |
| Financial charges | 65/66B | €110 | €227 | +€118 | +107% |
| Recurring financial charges | 65 | €110 | €227 | +€118 | +107% |
| Profit (loss) for the period before taxes | 9903 | €73,902 | €43,571 | -€30,331 | -41.0% |
| Income taxes | 67/77 | €20,318 | €11,971 | -€8,348 | -41.1% |
| Profit (loss) for the period | 9904 | €53,584 | €31,600 | -€21,984 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,584 | €31,600 | -€21,984 | -41.0% |
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 24 October 2026 via checked.be.