QUERCIA DC: 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.
What changed
QUERCIA DC
NACE 70.100, Activities of head offices
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€201,172
2024 · -€222,233+€21,061
Equity
€964,429
2024 · €1.2m-€201,172
Cash
€443
2024 · €516-€73
Balance sheet total
€1.6m
2024 · €1.8m-€210,192
Largest movements
Assets
- Intangible fixed assets -€183,066
down €183,066 (-11.5%), from €1.6m to €1.4m
- Stocks and contracts -€22,477
down €22,477 (-14.1%), from €159,707 to €137,231
Equity and liabilities
- Profit (loss) carried forward -€157,571
new in 2025: -€157,571
- Reserves -€43,601
down €43,601 (-100.0%), from €43,601 to €0
Income statement
- Gross operating margin +€20,844
up €20,844 (+58.3%), from -€35,730 to -€14,886
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.
Result 2024
-€222,233
Gross operating margin
+€20,844
Depreciation
+€184
Other operating charges
-€1
Financial income
+€1
Financial charges
+€4
Taxes
+€28
Result 2025
-€201,172
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.
From operations
-€73
Investment
€0
Financing
€0
Cash 2024
€516
From operations (derived)
-€73
Net result for the year
-€201,172
Depreciation
+€184,344
Stocks and contracts
+€22,477
Receivables within one year
+€2,512
Deferred charges and accrued income
+€786
Trade debts
+€671
Tax, wage and social debts
+€258
Other debts
-€9,949
Cash 2025
€443
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,812,373 | €1,602,181 | -€210,192 | -11.6% |
| Fixed assets | 21/28 | €1,645,224 | €1,460,880 | -€184,344 | -11.2% |
| Intangible fixed assets | 21 | €1,588,409 | €1,405,343 | -€183,066 | -11.5% |
| Tangible fixed assets | 22/27 | €51,998 | €50,720 | -€1,278 | -2.5% |
| Furniture and vehicles | 24 | €51,282 | €50,720 | -€562 | -1.1% |
| Leasing and similar rights | 25 | €716 | €0 | -€716 | -100.0% |
| Financial fixed assets | 28 | €4,818 | €4,818 | = | 0.0% |
| Current assets | 29/58 | €167,148 | €141,300 | -€25,848 | -15.5% |
| Stocks and contracts in progress | 3 | €159,707 | €137,231 | -€22,477 | -14.1% |
| Stocks | 30/36 | €159,707 | €137,231 | -€22,477 | -14.1% |
| Amounts receivable within one year | 40/41 | €5,391 | €2,879 | -€2,512 | -46.6% |
| Other amounts receivable | 41 | €5,391 | €2,879 | -€2,512 | -46.6% |
| Cash at bank and in hand | 54/58 | €516 | €443 | -€73 | -14.1% |
| Deferred charges and accrued income | 490/1 | €1,534 | €747 | -€786 | -51.3% |
| Total equity and liabilities | 10/49 | €1,812,373 | €1,602,181 | -€210,192 | -11.6% |
| Equity | 10/15 | €1,165,601 | €964,429 | -€201,172 | -17.3% |
| Contributions | 10/11 | €1,122,000 | €1,122,000 | = | 0.0% |
| Reserves | 13 | €43,601 | €0 | -€43,601 | -100.0% |
| Distributable reserves | 133 | €43,601 | €0 | -€43,601 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€157,571 | -€157,571 | |
| Amounts payable | 17/49 | €646,772 | €637,752 | -€9,020 | -1.4% |
| Amounts payable within one year | 42/48 | €566,772 | €557,752 | -€9,020 | -1.6% |
| Trade debts | 44 | €783 | €1,454 | +€671 | +85.7% |
| Suppliers | 440/4 | €783 | €1,454 | +€671 | +85.7% |
| Taxes, remuneration and social security | 45 | €2,082 | €2,339 | +€258 | +12.4% |
| Taxes | 450/3 | €2,082 | €2,339 | +€258 | +12.4% |
| Other amounts payable | 47/48 | €563,907 | €553,959 | -€9,949 | -1.8% |
| Accrued charges and deferred income | 492/3 | €80,000 | €80,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,528 | €184,344 | -€184 | -0.1% |
| Other operating charges | 640/8 | €1,514 | €1,515 | +€1 | 0.0% |
| Gross operating margin | 9900 | -€35,730 | -€14,886 | +€20,844 | +58.3% |
| Operating profit (loss) | 9901 | -€221,773 | -€200,745 | +€21,028 | +9.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €174 | €170 | -€4 | -2.4% |
| Recurring financial charges | 65 | €174 | €170 | -€4 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | -€221,947 | -€200,915 | +€21,032 | +9.5% |
| Income taxes | 67/77 | €286 | €258 | -€28 | -9.9% |
| Profit (loss) for the period | 9904 | -€222,233 | -€201,172 | +€21,061 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€222,233 | -€201,172 | +€21,061 | +9.5% |
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 9 October 2026 via checked.be.