QUE PASA: what changed
Two fiscal 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.
QUE PASA
Largest movements
- Tangible fixed assets -€3,652
down €3,652 (-28.1%), from €13,015 to €9,363
of which Plant, machinery and equipment: -€1,911
- Cash +€1,349
up €1,349 (+391.1%), from €345 to €1,694
mainly Other debts (+€11,266) and Tax, wage and social debts (+€4,578)
- Stocks and contracts +€176
up €176 (+26.7%), from €659 to €836
- Profit (loss) carried forward -€15,194
down €15,194 (-24.9%), from -€61,058 to -€76,252
- Other debts +€11,266
up €11,266 (+100.0%), from €11,270 to €22,536
- Tax, wage and social debts +€4,578
up €4,578 (+51.2%), from €8,947 to €13,525
of which Taxes: +€4,446
- Current portion of long-term debt +€2,477
up €2,477 (+53.9%), from €4,591 to €7,068
- Debts after one year -€2,409
down €2,409 (-21.1%), from €11,409 to €9,000
of which Financial debts: -€8,409
- Gross operating margin -€4,033
down €4,033 (-23.4%), from €17,226 to €13,193
- Other operating charges +€2,666
up €2,666 (+135.3%), from €1,970 to €4,635
- Depreciation +€1,662
up €1,662 (+83.5%), from €1,990 to €3,652
- Financial charges +€425
up €425 (+16.9%), from €2,518 to €2,943
- Staff costs +€266
up €266 (+1.6%), from €16,898 to €17,163
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 | €14,019 | €11,893 | -€2,126 | -15.2% |
| Fixed assets | 21/28 | €13,015 | €9,363 | -€3,652 | -28.1% |
| Tangible fixed assets | 22/27 | €13,015 | €9,363 | -€3,652 | -28.1% |
| Plant, machinery and equipment | 23 | €4,310 | €2,399 | -€1,911 | -44.3% |
| Other tangible fixed assets | 26 | €8,705 | €6,964 | -€1,741 | -20.0% |
| Current assets | 29/58 | €1,004 | €2,530 | +€1,525 | +151.9% |
| Stocks and contracts in progress | 3 | €659 | €836 | +€176 | +26.7% |
| Stocks | 30/36 | €659 | €836 | +€176 | +26.7% |
| Cash at bank and in hand | 54/58 | €345 | €1,694 | +€1,349 | +391.1% |
| Total equity and liabilities | 10/49 | €14,019 | €11,893 | -€2,126 | -15.2% |
| Equity | 10/15 | -€39,006 | -€54,200 | -€15,194 | -39.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,052 | €2,052 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €52 | €52 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,058 | -€76,252 | -€15,194 | -24.9% |
| Amounts payable | 17/49 | €53,026 | €66,093 | +€13,068 | +24.6% |
| Amounts payable after more than one year | 17 | €11,409 | €9,000 | -€2,409 | -21.1% |
| Financial debts | 170/4 | €8,409 | - | -€8,409 | |
| Other amounts payable | 178/9 | €3,000 | €9,000 | +€6,000 | +200.0% |
| Amounts payable within one year | 42/48 | €41,617 | €57,093 | +€15,476 | +37.2% |
| Current portion of amounts payable after more than one year | 42 | €4,591 | €7,068 | +€2,477 | +53.9% |
| Financial debts | 43 | €6,963 | €4,987 | -€1,976 | -28.4% |
| Credit institutions | 430/8 | €6,963 | €4,987 | -€1,976 | -28.4% |
| Trade debts | 44 | €9,846 | €8,977 | -€870 | -8.8% |
| Suppliers | 440/4 | €9,846 | €8,977 | -€870 | -8.8% |
| Taxes, remuneration and social security | 45 | €8,947 | €13,525 | +€4,578 | +51.2% |
| Taxes | 450/3 | €8,453 | €12,899 | +€4,446 | +52.6% |
| Remuneration and social security | 454/9 | €494 | €626 | +€132 | +26.8% |
| Other amounts payable | 47/48 | €11,270 | €22,536 | +€11,266 | +100.0% |
| Remuneration, social security and pensions | 62 | €16,898 | €17,163 | +€266 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,990 | €3,652 | +€1,662 | +83.5% |
| Other operating charges | 640/8 | €1,970 | €4,635 | +€2,666 | +135.3% |
| Gross operating margin | 9900 | €17,226 | €13,193 | -€4,033 | -23.4% |
| Operating profit (loss) | 9901 | -€3,631 | -€12,257 | -€8,626 | -237.5% |
| Financial income | 75/76B | €1 | €6 | +€5 | +541.0% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +541.0% |
| Financial charges | 65/66B | €2,518 | €2,943 | +€425 | +16.9% |
| Recurring financial charges | 65 | €2,518 | €2,943 | +€425 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,148 | -€15,194 | -€9,046 | -147.1% |
| Profit (loss) for the period | 9904 | -€6,148 | -€15,194 | -€9,046 | -147.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,148 | -€15,194 | -€9,046 | -147.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.