QUEESTE: 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.
QUEESTE
Largest movements
- Current investments +€70,112
up €70,112 (+53.8%), from €130,290 to €200,402
- Receivables within one year -€51,402
down €51,402 (-63.1%), from €81,402 to €30,000
of which Trade receivables: -€51,402
- Receivables after one year -€36,749
down €36,749 (-100.0%), from €36,749 to €0
- Cash +€35,613
up €35,613 (+191.7%), from €18,575 to €54,189
mainly Net result for the year (+€155,427) and Depreciation (+€59,754)
- Tangible fixed assets -€16,803
down €16,803 (-1.4%), from €1.2m to €1.2m
of which Land and buildings: -€26,262
- Reserves +€84,773
up €84,773 (+13.4%), from €634,039 to €718,812
of which Distributable reserves: +€84,773
- Debts after one year -€65,941
down €65,941 (-8.8%), from €749,934 to €683,993
- Current portion of long-term debt -€34,050
down €34,050 (-34.1%), from €99,990 to €65,941
- Tax, wage and social debts +€17,897
up €17,897 (+55.0%), from €32,532 to €50,429
- Gross operating margin +€33,565
up €33,565 (+12.6%), from €266,843 to €300,408
- Taxes +€6,784
up €6,784 (+11.9%), from €56,938 to €63,722
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 | €1,589,923 | €1,590,428 | +€505 | 0.0% |
| Fixed assets | 21/28 | €1,311,089 | €1,294,286 | -€16,803 | -1.3% |
| Tangible fixed assets | 22/27 | €1,221,811 | €1,205,008 | -€16,803 | -1.4% |
| Land and buildings | 22 | €1,100,824 | €1,074,562 | -€26,262 | -2.4% |
| Plant, machinery and equipment | 23 | - | €4,980 | +€4,980 | |
| Furniture and vehicles | 24 | €14,944 | €8,479 | -€6,465 | -43.3% |
| Leasing and similar rights | 25 | €106,042 | €116,986 | +€10,944 | +10.3% |
| Financial fixed assets | 28 | €89,278 | €89,278 | = | 0.0% |
| Current assets | 29/58 | €278,834 | €296,143 | +€17,308 | +6.2% |
| Amounts receivable after more than one year | 29 | €36,749 | €0 | -€36,749 | -100.0% |
| Other amounts receivable | 291 | €36,749 | €0 | -€36,749 | -100.0% |
| Amounts receivable within one year | 40/41 | €81,402 | €30,000 | -€51,402 | -63.1% |
| Trade receivables | 40 | €81,402 | €30,000 | -€51,402 | -63.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €130,290 | €200,402 | +€70,112 | +53.8% |
| Cash at bank and in hand | 54/58 | €18,575 | €54,189 | +€35,613 | +191.7% |
| Deferred charges and accrued income | 490/1 | €11,818 | €11,552 | -€266 | -2.3% |
| Total equity and liabilities | 10/49 | €1,589,923 | €1,590,428 | +€505 | 0.0% |
| Equity | 10/15 | €702,675 | €787,448 | +€84,773 | +12.1% |
| Contributions | 10/11 | €68,636 | €68,636 | = | 0.0% |
| Reserves | 13 | €634,039 | €718,812 | +€84,773 | +13.4% |
| Non-distributable reserves | 130/1 | €6,864 | €6,864 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,864 | €6,864 | = | 0.0% |
| Distributable reserves | 133 | €627,176 | €711,948 | +€84,773 | +13.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €887,248 | €802,981 | -€84,267 | -9.5% |
| Amounts payable after more than one year | 17 | €749,934 | €683,993 | -€65,941 | -8.8% |
| Financial debts | 170/4 | €749,934 | €683,993 | -€65,941 | -8.8% |
| Amounts payable within one year | 42/48 | €137,314 | €118,587 | -€18,727 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €99,990 | €65,941 | -€34,050 | -34.1% |
| Trade debts | 44 | €403 | €78 | -€325 | -80.7% |
| Suppliers | 440/4 | €403 | €78 | -€325 | -80.7% |
| Taxes, remuneration and social security | 45 | €32,532 | €50,429 | +€17,897 | +55.0% |
| Taxes | 450/3 | €32,532 | €50,429 | +€17,897 | +55.0% |
| Other amounts payable | 47/48 | €4,389 | €2,140 | -€2,248 | -51.2% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,501 | €59,754 | +€1,253 | +2.1% |
| Other operating charges | 640/8 | €9,951 | €9,432 | -€519 | -5.2% |
| Gross operating margin | 9900 | €266,843 | €300,408 | +€33,565 | +12.6% |
| Operating profit (loss) | 9901 | €198,391 | €231,222 | +€32,832 | +16.5% |
| Financial income | 75/76B | €548 | €895 | +€346 | +63.2% |
| Recurring financial income | 75 | €548 | €895 | +€346 | +63.2% |
| Financial charges | 65/66B | €10,436 | €12,968 | +€2,532 | +24.3% |
| Recurring financial charges | 65 | €10,436 | €12,968 | +€2,532 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €188,503 | €219,149 | +€30,646 | +16.3% |
| Income taxes | 67/77 | €56,938 | €63,722 | +€6,784 | +11.9% |
| Profit (loss) for the period | 9904 | €131,565 | €155,427 | +€23,863 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €131,565 | €155,427 | +€23,863 | +18.1% |
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 8 October 2026 via checked.be.