Quercus: 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.
Quercus
Largest movements
- Receivables within one year +€31,061
up €31,061 (+68.4%), from €45,436 to €76,498
of which Trade receivables: +€16,814
- Tangible fixed assets -€29,878
down €29,878 (-38.7%), from €77,237 to €47,359
of which Furniture and vehicles: -€18,700
- Cash +€23,036
up €23,036 (+28.0%), from €82,181 to €105,217
mainly Trade debts (+€53,248) and Depreciation (+€38,432)
- Intangible fixed assets -€4,303
down €4,303 (-47.4%), from €9,074 to €4,771
- Trade debts +€53,248
up €53,248 (+46.2%), from €115,177 to €168,425
- Debts after one year -€23,072
down €23,072 (-55.3%), from €41,705 to €18,633
- Current portion of long-term debt -€8,567
down €8,567 (-27.1%), from €31,639 to €23,072
- Other debts -€2,590
down €2,590 (-15.3%), from €16,958 to €14,368
- Depreciation +€1,178
up €1,178 (+3.2%), from €37,253 to €38,432
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 | €215,903 | €235,807 | +€19,904 | +9.2% |
| Fixed assets | 21/28 | €86,312 | €52,130 | -€34,182 | -39.6% |
| Intangible fixed assets | 21 | €9,074 | €4,771 | -€4,303 | -47.4% |
| Tangible fixed assets | 22/27 | €77,237 | €47,359 | -€29,878 | -38.7% |
| Plant, machinery and equipment | 23 | €24,274 | €14,250 | -€10,024 | -41.3% |
| Furniture and vehicles | 24 | €43,271 | €24,571 | -€18,700 | -43.2% |
| Other tangible fixed assets | 26 | €9,693 | €8,538 | -€1,154 | -11.9% |
| Current assets | 29/58 | €129,591 | €183,677 | +€54,086 | +41.7% |
| Amounts receivable within one year | 40/41 | €45,436 | €76,498 | +€31,061 | +68.4% |
| Trade receivables | 40 | €15,276 | €32,090 | +€16,814 | +110.1% |
| Other amounts receivable | 41 | €30,160 | €44,408 | +€14,247 | +47.2% |
| Cash at bank and in hand | 54/58 | €82,181 | €105,217 | +€23,036 | +28.0% |
| Deferred charges and accrued income | 490/1 | €1,974 | €1,963 | -€11 | -0.5% |
| Total equity and liabilities | 10/49 | €215,903 | €235,807 | +€19,904 | +9.2% |
| Equity | 10/15 | €10,424 | €10,925 | +€501 | +4.8% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €4,124 | €4,625 | +€501 | +12.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,124 | €4,625 | +€501 | +12.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €205,479 | €224,883 | +€19,404 | +9.4% |
| Amounts payable after more than one year | 17 | €41,705 | €18,633 | -€23,072 | -55.3% |
| Financial debts | 170/4 | €41,705 | €18,633 | -€23,072 | -55.3% |
| Amounts payable within one year | 42/48 | €163,774 | €206,250 | +€42,476 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €31,639 | €23,072 | -€8,567 | -27.1% |
| Trade debts | 44 | €115,177 | €168,425 | +€53,248 | +46.2% |
| Suppliers | 440/4 | €115,177 | €168,425 | +€53,248 | +46.2% |
| Taxes, remuneration and social security | 45 | €0 | €384 | +€384 | |
| Taxes | 450/3 | €0 | €384 | +€384 | |
| Other amounts payable | 47/48 | €16,958 | €14,368 | -€2,590 | -15.3% |
| Remuneration, social security and pensions | 62 | €135 | €125 | -€10 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,253 | €38,432 | +€1,178 | +3.2% |
| Other operating charges | 640/8 | €1,159 | €1,204 | +€45 | +3.9% |
| Gross operating margin | 9900 | €56,881 | €56,389 | -€492 | -0.9% |
| Operating profit (loss) | 9901 | €18,333 | €16,627 | -€1,706 | -9.3% |
| Financial income | 75/76B | €355 | €464 | +€109 | +30.6% |
| Recurring financial income | 75 | €355 | €464 | +€109 | +30.6% |
| Financial charges | 65/66B | €1,967 | €2,206 | +€239 | +12.2% |
| Recurring financial charges | 65 | €1,967 | €2,206 | +€239 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €16,721 | €14,885 | -€1,836 | -11.0% |
| Income taxes | 67/77 | €118 | €384 | +€267 | +226.0% |
| Profit (loss) for the period | 9904 | €16,604 | €14,501 | -€2,103 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,604 | €14,501 | -€2,103 | -12.7% |
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 7 October 2026 via checked.be.