Que Passa: 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.
Que Passa
Largest movements
- Tangible fixed assets +€20,690
up €20,690 (+61.3%), from €33,741 to €54,431
of which Plant, machinery and equipment: +€16,449
- Cash +€9,086
up €9,086 (+29.2%), from €31,100 to €40,186
mainly Debts after one year (+€23,330) and Depreciation (+€21,834)
- Receivables within one year +€7,129
up €7,129 (+46.0%), from €15,496 to €22,625
of which Other amounts receivable: +€7,009
- Financial fixed assets +€6,000
new in 2025: €6,000
- Debts after one year +€23,330
up €23,330 (+164%), from €14,217 to €37,547
- Reserves +€12,920
up €12,920 (+40.3%), from €32,061 to €44,982
- Current portion of long-term debt +€7,822
up €7,822 (+76.9%), from €10,176 to €17,999
- Tax, wage and social debts -€2,467
down €2,467 (-38.4%), from €6,426 to €3,959
- Other debts +€2,048
up €2,048 (+21.0%), from €9,744 to €11,792
- Gross operating margin -€17,953
down €17,953 (-30.4%), from €59,020 to €41,067
- Taxes -€9,711
down €9,711 (-76.5%), from €12,701 to €2,991
- Depreciation +€9,068
up €9,068 (+71.0%), from €12,767 to €21,834
- Financial charges +€1,791
up €1,791 (+226%), from €793 to €2,584
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 | €81,607 | €123,799 | +€42,192 | +51.7% |
| Fixed assets | 21/28 | €33,741 | €60,431 | +€26,690 | +79.1% |
| Tangible fixed assets | 22/27 | €33,741 | €54,431 | +€20,690 | +61.3% |
| Plant, machinery and equipment | 23 | €26,948 | €43,397 | +€16,449 | +61.0% |
| Furniture and vehicles | 24 | €6,793 | €11,034 | +€4,241 | +62.4% |
| Financial fixed assets | 28 | - | €6,000 | +€6,000 | |
| Current assets | 29/58 | €47,866 | €63,368 | +€15,502 | +32.4% |
| Amounts receivable within one year | 40/41 | €15,496 | €22,625 | +€7,129 | +46.0% |
| Trade receivables | 40 | €15,496 | €15,616 | +€119 | +0.8% |
| Other amounts receivable | 41 | - | €7,009 | +€7,009 | |
| Cash at bank and in hand | 54/58 | €31,100 | €40,186 | +€9,086 | +29.2% |
| Deferred charges and accrued income | 490/1 | €1,269 | €556 | -€713 | -56.2% |
| Total equity and liabilities | 10/49 | €81,607 | €123,799 | +€42,192 | +51.7% |
| Equity | 10/15 | €34,561 | €47,482 | +€12,920 | +37.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €32,061 | €44,982 | +€12,920 | +40.3% |
| Distributable reserves | 133 | €32,061 | €44,982 | +€12,920 | +40.3% |
| Amounts payable | 17/49 | €47,045 | €76,317 | +€29,272 | +62.2% |
| Amounts payable after more than one year | 17 | €14,217 | €37,547 | +€23,330 | +164% |
| Financial debts | 170/4 | €14,217 | €37,547 | +€23,330 | +164% |
| Amounts payable within one year | 42/48 | €32,828 | €38,770 | +€5,941 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €10,176 | €17,999 | +€7,822 | +76.9% |
| Trade debts | 44 | €6,482 | €5,021 | -€1,462 | -22.5% |
| Suppliers | 440/4 | €6,482 | €5,021 | -€1,462 | -22.5% |
| Taxes, remuneration and social security | 45 | €6,426 | €3,959 | -€2,467 | -38.4% |
| Taxes | 450/3 | €6,426 | €3,959 | -€2,467 | -38.4% |
| Other amounts payable | 47/48 | €9,744 | €11,792 | +€2,048 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,767 | €21,834 | +€9,068 | +71.0% |
| Other operating charges | 640/8 | €697 | €839 | +€142 | +20.4% |
| Gross operating margin | 9900 | €59,020 | €41,067 | -€17,953 | -30.4% |
| Operating profit (loss) | 9901 | €45,556 | €18,393 | -€27,163 | -59.6% |
| Financial income | 75/76B | - | €102 | +€102 | |
| Recurring financial income | 75 | - | €102 | +€102 | |
| Financial charges | 65/66B | €793 | €2,584 | +€1,791 | +226% |
| Recurring financial charges | 65 | €793 | €2,584 | +€1,791 | +226% |
| Profit (loss) for the period before taxes | 9903 | €44,763 | €15,911 | -€28,852 | -64.5% |
| Income taxes | 67/77 | €12,701 | €2,991 | -€9,711 | -76.5% |
| Profit (loss) for the period | 9904 | €32,061 | €12,920 | -€19,141 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,061 | €12,920 | -€19,141 | -59.7% |
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 14 October 2026 via checked.be.