QUERBÚS: 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.
QUERBÚS
Largest movements
- Receivables after one year +€64,530
up €64,530 (+2,129%), from €3,030 to €67,560
of which Trade receivables: +€64,530
- Receivables within one year -€16,323
down €16,323 (-97.9%), from €16,676 to €353
of which Trade receivables: -€10,087
- Cash -€7,287
down €7,287 (-94.9%), from €7,674 to €388
mainly Receivables after one year (-€64,530) and Trade debts (-€9,108)
- Current investments -€5,896
down €5,896 (-19.3%), from €30,556 to €24,661
- Tangible fixed assets -€3,260
down €3,260 (-19.9%), from €16,385 to €13,125
- Profit (loss) carried forward +€37,857
up €37,857, from -€37,857 to €0
- Trade debts -€9,108
down €9,108 (-81.7%), from €11,154 to €2,047
- Short-term financial debts +€2,188
new in 2025: €2,188
- Gross operating margin +€92,889
up €92,889, from -€49,775 to €43,114
- Financial income -€3,659
down €3,659 (-86.6%), from €4,228 to €568
- Financial charges +€1,672
up €1,672, from -€867 to €805
- Depreciation -€718
down €718 (-18.0%), from €3,978 to €3,260
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 | €75,495 | €107,044 | +€31,549 | +41.8% |
| Fixed assets | 21/28 | €16,385 | €13,125 | -€3,260 | -19.9% |
| Tangible fixed assets | 22/27 | €16,385 | €13,125 | -€3,260 | -19.9% |
| Furniture and vehicles | 24 | €16,385 | €13,125 | -€3,260 | -19.9% |
| Current assets | 29/58 | €59,109 | €93,919 | +€34,809 | +58.9% |
| Amounts receivable after more than one year | 29 | €3,030 | €67,560 | +€64,530 | +2,129% |
| Trade receivables | 290 | - | €64,530 | +€64,530 | |
| Other amounts receivable | 291 | €3,030 | €3,030 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,676 | €353 | -€16,323 | -97.9% |
| Trade receivables | 40 | €10,087 | €0 | -€10,087 | -100% |
| Other amounts receivable | 41 | €6,589 | €353 | -€6,236 | -94.6% |
| Current investments | 50/53 | €30,556 | €24,661 | -€5,896 | -19.3% |
| Cash at bank and in hand | 54/58 | €7,674 | €388 | -€7,287 | -94.9% |
| Deferred charges and accrued income | 490/1 | €1,172 | €957 | -€216 | -18.4% |
| Total equity and liabilities | 10/49 | €75,495 | €107,044 | +€31,549 | +41.8% |
| Equity | 10/15 | €63,661 | €102,445 | +€38,783 | +60.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €89,118 | €90,045 | +€927 | +1.0% |
| Tax-exempt reserves | 132 | €445 | €445 | = | 0.0% |
| Distributable reserves | 133 | €88,673 | €89,599 | +€927 | +1.0% |
| Profit (loss) carried forward | 14 | -€37,857 | €0 | +€37,857 | |
| Amounts payable | 17/49 | €11,834 | €4,599 | -€7,235 | -61.1% |
| Amounts payable within one year | 42/48 | €11,834 | €4,455 | -€7,378 | -62.4% |
| Financial debts | 43 | - | €2,188 | +€2,188 | |
| Credit institutions | 430/8 | - | €2,188 | +€2,188 | |
| Trade debts | 44 | €11,154 | €2,047 | -€9,108 | -81.7% |
| Suppliers | 440/4 | €11,154 | €2,047 | -€9,108 | -81.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €679 | €221 | -€459 | -67.5% |
| Accrued charges and deferred income | 492/3 | - | €144 | +€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,978 | €3,260 | -€718 | -18.0% |
| Other operating charges | 640/8 | €570 | €585 | +€14 | +2.5% |
| Gross operating margin | 9900 | -€49,775 | €43,114 | +€92,889 | |
| Operating profit (loss) | 9901 | -€54,323 | €39,269 | +€93,592 | |
| Financial income | 75/76B | €4,228 | €568 | -€3,659 | -86.6% |
| Recurring financial income | 75 | €4,228 | €568 | -€3,659 | -86.6% |
| Financial charges | 65/66B | -€867 | €805 | +€1,672 | |
| Recurring financial charges | 65 | -€867 | €805 | +€1,672 | |
| Profit (loss) for the period before taxes | 9903 | -€49,228 | €39,032 | +€88,260 | |
| Income taxes | 67/77 | €169 | €249 | +€79 | +46.8% |
| Profit (loss) for the period | 9904 | -€49,397 | €38,783 | +€88,181 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,397 | €38,783 | +€88,181 |
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 19 October 2026 via checked.be.