QUDIT: 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.
QUDIT
Largest movements
- Tangible fixed assets +€61,580
up €61,580 (+64.6%), from €95,313 to €156,893
of which Leasing and similar rights: +€64,105
- Receivables within one year -€5,043
down €5,043 (-22.8%), from €22,157 to €17,114
of which Trade receivables: -€5,043
- Cash +€2,493
up €2,493 (+48.8%), from €5,112 to €7,604
mainly Debts after one year (+€40,588) and Depreciation (+€12,868)
- Stocks and contracts +€2,353
up €2,353 (+16.2%), from €14,522 to €16,875
- Debts after one year +€40,588
up €40,588 (+43.8%), from €92,602 to €133,190
- Current portion of long-term debt +€12,203
up €12,203 (+122.3%), from €9,975 to €22,178
- Tax, wage and social debts +€7,063
up €7,063 (+80.1%), from €8,818 to €15,881
- Profit (loss) carried forward +€5,501
up €5,501 (+18.2%), from -€30,148 to -€24,647
- Short-term financial debts -€2,500
down €2,500 (-16.7%), from €15,000 to €12,500
- Gross operating margin +€10,106
up €10,106 (+47.3%), from €21,345 to €31,451
- Depreciation -€6,398
down €6,398 (-33.2%), from €19,265 to €12,868
- Taxes +€3,624
up €3,624 (+584.5%), from €620 to €4,244
- Other operating charges +€1,067
up €1,067 (+39.5%), from €2,700 to €3,767
- Financial income -€322
down €322 (-100.0%), from €322 to €0
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 | €137,800 | €200,629 | +€62,829 | +45.6% |
| Fixed assets | 21/28 | €95,313 | €156,893 | +€61,580 | +64.6% |
| Tangible fixed assets | 22/27 | €95,313 | €156,893 | +€61,580 | +64.6% |
| Land and buildings | 22 | €77,520 | €72,960 | -€4,560 | -5.9% |
| Furniture and vehicles | 24 | €2,308 | €4,343 | +€2,035 | +88.2% |
| Leasing and similar rights | 25 | €15,485 | €79,590 | +€64,105 | +414.0% |
| Current assets | 29/58 | €42,487 | €43,736 | +€1,249 | +2.9% |
| Stocks and contracts in progress | 3 | €14,522 | €16,875 | +€2,353 | +16.2% |
| Stocks | 30/36 | €14,522 | €16,875 | +€2,353 | +16.2% |
| Amounts receivable within one year | 40/41 | €22,157 | €17,114 | -€5,043 | -22.8% |
| Trade receivables | 40 | €9,157 | €4,114 | -€5,043 | -55.1% |
| Other amounts receivable | 41 | €13,000 | €13,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,112 | €7,604 | +€2,493 | +48.8% |
| Deferred charges and accrued income | 490/1 | €696 | €2,143 | +€1,447 | +207.9% |
| Total equity and liabilities | 10/49 | €137,800 | €200,629 | +€62,829 | +45.6% |
| Equity | 10/15 | -€3,505 | €1,996 | +€5,501 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,043 | €8,043 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €8,043 | €8,043 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,148 | -€24,647 | +€5,501 | +18.2% |
| Amounts payable | 17/49 | €141,305 | €198,633 | +€57,328 | +40.6% |
| Amounts payable after more than one year | 17 | €92,602 | €133,190 | +€40,588 | +43.8% |
| Financial debts | 170/4 | €92,602 | €133,190 | +€40,588 | +43.8% |
| Amounts payable within one year | 42/48 | €48,703 | €64,398 | +€15,695 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €9,975 | €22,178 | +€12,203 | +122.3% |
| Financial debts | 43 | €15,000 | €12,500 | -€2,500 | -16.7% |
| Credit institutions | 430/8 | €15,000 | €12,500 | -€2,500 | -16.7% |
| Trade debts | 44 | €14,909 | €13,839 | -€1,070 | -7.2% |
| Suppliers | 440/4 | €14,909 | €13,839 | -€1,070 | -7.2% |
| Taxes, remuneration and social security | 45 | €8,818 | €15,881 | +€7,063 | +80.1% |
| Taxes | 450/3 | €8,818 | €15,881 | +€7,063 | +80.1% |
| Accrued charges and deferred income | 492/3 | - | €1,045 | +€1,045 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,265 | €12,868 | -€6,398 | -33.2% |
| Other operating charges | 640/8 | €2,700 | €3,767 | +€1,067 | +39.5% |
| Gross operating margin | 9900 | €21,345 | €31,451 | +€10,106 | +47.3% |
| Operating profit (loss) | 9901 | -€620 | €14,816 | +€15,436 | |
| Financial income | 75/76B | €322 | €0 | -€322 | -100.0% |
| Recurring financial income | 75 | €322 | €0 | -€322 | -100.0% |
| Financial charges | 65/66B | €5,325 | €5,071 | -€254 | -4.8% |
| Recurring financial charges | 65 | €5,325 | €5,071 | -€254 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,623 | €9,745 | +€15,368 | |
| Income taxes | 67/77 | €620 | €4,244 | +€3,624 | +584.5% |
| Profit (loss) for the period | 9904 | -€6,243 | €5,501 | +€11,744 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,243 | €5,501 | +€11,744 |
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.