QUE SERA SERA: 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 SERA SERA
Largest movements
- Receivables within one year -€121,707
down €121,707 (-78.3%), from €155,360 to €33,654
of which Other amounts receivable: -€84,727
- Cash +€25,354
up €25,354 (+20.5%), from €123,639 to €148,994
mainly Other debts (+€149,361) and Receivables within one year (+€121,707)
- Receivables after one year -€5,400
down €5,400 (-100.0%), from €5,400 to €0
- Reserves -€217,573
down €217,573 (-100.0%), from €217,573 to €0
- Other debts +€149,361
up €149,361 (+17387.8%), from €859 to €150,220
- Tax, wage and social debts -€43,326
down €43,326 (-61.3%), from €70,653 to €27,327
of which Taxes: -€43,326
- Current portion of long-term debt +€6,265
new in 2025: €6,265
- Trade debts +€4,807
up €4,807 (+247.8%), from €1,940 to €6,747
- Gross operating margin -€28,241
down €28,241 (-25.4%), from €110,985 to €82,744
- Taxes -€8,675
down €8,675 (-33.4%), from €26,008 to €17,333
- Financial income -€3,175
down €3,175 (-46.6%), from €6,806 to €3,631
- Other operating charges +€1,589
up €1,589 (+415.7%), from €382 to €1,971
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.
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 | €294,525 | €194,059 | -€100,466 | -34.1% |
| Fixed assets | 21/28 | €3,233 | €5,784 | +€2,551 | +78.9% |
| Tangible fixed assets | 22/27 | €2,733 | €5,284 | +€2,551 | +93.4% |
| Furniture and vehicles | 24 | €2,733 | €5,284 | +€2,551 | +93.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €291,292 | €188,275 | -€103,017 | -35.4% |
| Amounts receivable after more than one year | 29 | €5,400 | €0 | -€5,400 | -100.0% |
| Other amounts receivable | 291 | €5,400 | €0 | -€5,400 | -100.0% |
| Amounts receivable within one year | 40/41 | €155,360 | €33,654 | -€121,707 | -78.3% |
| Trade receivables | 40 | €56,723 | €19,744 | -€36,979 | -65.2% |
| Other amounts receivable | 41 | €98,637 | €13,910 | -€84,727 | -85.9% |
| Cash at bank and in hand | 54/58 | €123,639 | €148,994 | +€25,354 | +20.5% |
| Deferred charges and accrued income | 490/1 | €6,893 | €5,628 | -€1,265 | -18.4% |
| Total equity and liabilities | 10/49 | €294,525 | €194,059 | -€100,466 | -34.1% |
| Equity | 10/15 | €221,073 | €3,500 | -€217,573 | -98.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €217,573 | €0 | -€217,573 | -100.0% |
| Distributable reserves | 133 | €217,573 | €0 | -€217,573 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,452 | €190,559 | +€117,108 | +159.4% |
| Amounts payable within one year | 42/48 | €73,452 | €190,559 | +€117,108 | +159.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,265 | +€6,265 | |
| Trade debts | 44 | €1,940 | €6,747 | +€4,807 | +247.8% |
| Suppliers | 440/4 | €1,940 | €6,747 | +€4,807 | +247.8% |
| Taxes, remuneration and social security | 45 | €70,653 | €27,327 | -€43,326 | -61.3% |
| Taxes | 450/3 | €70,653 | €27,327 | -€43,326 | -61.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €859 | €150,220 | +€149,361 | +17387.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,541 | €2,090 | +€549 | +35.6% |
| Other operating charges | 640/8 | €382 | €1,971 | +€1,589 | +415.7% |
| Gross operating margin | 9900 | €110,985 | €82,744 | -€28,241 | -25.4% |
| Operating profit (loss) | 9901 | €109,061 | €78,683 | -€30,378 | -27.9% |
| Financial income | 75/76B | €6,806 | €3,631 | -€3,175 | -46.6% |
| Recurring financial income | 75 | €6,806 | €3,631 | -€3,175 | -46.6% |
| Financial charges | 65/66B | €1,756 | €2,005 | +€250 | +14.2% |
| Recurring financial charges | 65 | €1,756 | €2,005 | +€250 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €114,112 | €80,309 | -€33,803 | -29.6% |
| Income taxes | 67/77 | €26,008 | €17,333 | -€8,675 | -33.4% |
| Profit (loss) for the period | 9904 | €88,104 | €62,976 | -€25,128 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €88,104 | €62,976 | -€25,128 | -28.5% |
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.