QUEO: 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.
QUEO
Largest movements
- Tangible fixed assets -€10,520
down €10,520 (-87.4%), from €12,039 to €1,519
- Receivables within one year -€930
down €930 (-41.4%), from €2,249 to €1,319
- Profit (loss) carried forward -€6,685
down €6,685 (-7.5%), from -€88,718 to -€95,403
- Other debts -€3,054
down €3,054 (-7.1%), from €43,267 to €40,213
- Trade debts -€1,614
down €1,614 (-28.8%), from €5,611 to €3,997
- Gross operating margin +€2,335
up €2,335 (+153.1%), from €1,525 to €3,860
- Other operating charges -€1,998
no longer reported in 2025 (was €1,998)
- Depreciation -€1,019
down €1,019 (-8.8%), from €11,539 to €10,520
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 | €14,565 | €3,212 | -€11,353 | -77.9% |
| Fixed assets | 21/28 | €12,039 | €1,519 | -€10,520 | -87.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €12,039 | €1,519 | -€10,520 | -87.4% |
| Furniture and vehicles | 24 | €12,039 | €1,519 | -€10,520 | -87.4% |
| Current assets | 29/58 | €2,526 | €1,693 | -€833 | -33.0% |
| Amounts receivable within one year | 40/41 | €2,249 | €1,319 | -€930 | -41.4% |
| Trade receivables | 40 | €2,249 | €1,319 | -€930 | -41.4% |
| Cash at bank and in hand | 54/58 | €277 | €374 | +€97 | +35.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €14,565 | €3,212 | -€11,353 | -77.9% |
| Equity | 10/15 | -€68,313 | -€74,998 | -€6,685 | -9.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,718 | -€95,403 | -€6,685 | -7.5% |
| Amounts payable | 17/49 | €82,878 | €78,210 | -€4,668 | -5.6% |
| Amounts payable after more than one year | 17 | €34,000 | €34,000 | = | 0.0% |
| Financial debts | 170/4 | €34,000 | €34,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €48,878 | €44,210 | -€4,668 | -9.6% |
| Trade debts | 44 | €5,611 | €3,997 | -€1,614 | -28.8% |
| Suppliers | 440/4 | €5,611 | €3,997 | -€1,614 | -28.8% |
| Other amounts payable | 47/48 | €43,267 | €40,213 | -€3,054 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,539 | €10,520 | -€1,019 | -8.8% |
| Other operating charges | 640/8 | €1,998 | - | -€1,998 | |
| Gross operating margin | 9900 | €1,525 | €3,860 | +€2,335 | +153.1% |
| Operating profit (loss) | 9901 | -€12,012 | -€6,660 | +€5,352 | +44.6% |
| Financial charges | 65/66B | €24 | €25 | +€1 | +4.2% |
| Recurring financial charges | 65 | €24 | €25 | +€1 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,036 | -€6,685 | +€5,351 | +44.5% |
| Profit (loss) for the period | 9904 | -€12,036 | -€6,685 | +€5,351 | +44.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,036 | -€6,685 | +€5,351 | +44.5% |
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 2 October 2026 via checked.be.