Quentin Motteu: 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.
Quentin Motteu
Largest movements
- Cash +€128,694
up €128,694 (+293%), from €43,989 to €172,683
mainly Net result for the year (+€95,486) and Tax, wage and social debts (+€32,645)
- Profit (loss) carried forward +€95,486
up €95,486 (+361%), from €26,439 to €121,925
- Tax, wage and social debts +€32,645
up €32,645 (+229%), from €14,238 to €46,883
of which Taxes: +€32,707
- Gross operating margin +€88,892
up €88,892 (+246%), from €36,174 to €125,066
- Taxes +€19,887
up €19,887 (+283%), from €7,025 to €26,912
- Depreciation -€1,332
no longer reported in 2025 (was €1,332)
- Financial charges +€1,290
up €1,290 (+93.6%), from €1,378 to €2,668
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 | €45,610 | €174,304 | +€128,694 | +282% |
| Current assets | 29/58 | €45,610 | €174,304 | +€128,694 | +282% |
| Cash at bank and in hand | 54/58 | €43,989 | €172,683 | +€128,694 | +293% |
| Deferred charges and accrued income | 490/1 | €1,621 | €1,621 | = | 0.0% |
| Total equity and liabilities | 10/49 | €45,610 | €174,304 | +€128,694 | +282% |
| Equity | 10/15 | €29,439 | €124,925 | +€95,486 | +324% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,439 | €121,925 | +€95,486 | +361% |
| Amounts payable | 17/49 | €16,171 | €49,378 | +€33,208 | +205% |
| Amounts payable within one year | 42/48 | €15,311 | €48,501 | +€33,191 | +217% |
| Trade debts | 44 | €1,072 | €1,618 | +€546 | +50.9% |
| Suppliers | 440/4 | €1,072 | €1,618 | +€546 | +50.9% |
| Taxes, remuneration and social security | 45 | €14,238 | €46,883 | +€32,645 | +229% |
| Taxes | 450/3 | €12,511 | €45,217 | +€32,707 | +261% |
| Remuneration and social security | 454/9 | €1,728 | €1,666 | -€62 | -3.6% |
| Accrued charges and deferred income | 492/3 | €860 | €877 | +€17 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,332 | - | -€1,332 | |
| Gross operating margin | 9900 | €36,174 | €125,066 | +€88,892 | +246% |
| Operating profit (loss) | 9901 | €34,842 | €125,066 | +€90,224 | +259% |
| Financial charges | 65/66B | €1,378 | €2,668 | +€1,290 | +93.6% |
| Recurring financial charges | 65 | €1,378 | €2,668 | +€1,290 | +93.6% |
| Profit (loss) for the period before taxes | 9903 | €33,464 | €122,398 | +€88,934 | +266% |
| Income taxes | 67/77 | €7,025 | €26,912 | +€19,887 | +283% |
| Profit (loss) for the period | 9904 | €26,439 | €95,486 | +€69,047 | +261% |
| Profit (loss) for the period to be appropriated | 9905 | €26,439 | €95,486 | +€69,047 | +261% |
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.