QUERCUS 13 HOLDING: 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.
QUERCUS 13 HOLDING
Largest movements
- Cash -€12,770
down €12,770 (-98.7%), from €12,936 to €166
mainly Net result for the year (-€16,638) and Other debts (-€2,833)
- Profit (loss) carried forward -€16,638
down €16,638 (-3.6%), from €467,199 to €450,561
- Financial income -€340,000
down €340,000 (-99.9%), from €340,300 to €300
- Gross operating margin +€5,439
up €5,439 (+39.6%), from -€13,727 to -€8,288
- Financial charges +€297
up €297 (+40.0%), from €741 to €1,038
- Depreciation +€229
up €229 (+3.9%), from €5,930 to €6,158
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €800,286 | €782,612 | -€17,674 | -2.2% |
| Fixed assets | 21/28 | €630,588 | €625,719 | -€4,868 | -0.8% |
| Tangible fixed assets | 22/27 | €9,328 | €4,459 | -€4,868 | -52.2% |
| Plant, machinery and equipment | 23 | €2,572 | €69 | -€2,503 | -97.3% |
| Furniture and vehicles | 24 | €6,756 | €4,391 | -€2,365 | -35.0% |
| Financial fixed assets | 28 | €621,260 | €621,260 | = | 0.0% |
| Current assets | 29/58 | €169,698 | €156,892 | -€12,806 | -7.5% |
| Amounts receivable within one year | 40/41 | €152,541 | €152,235 | -€306 | -0.2% |
| Trade receivables | 40 | €2,541 | €2,100 | -€441 | -17.4% |
| Other amounts receivable | 41 | €150,000 | €150,135 | +€135 | +0.1% |
| Cash at bank and in hand | 54/58 | €12,936 | €166 | -€12,770 | -98.7% |
| Deferred charges and accrued income | 490/1 | €4,222 | €4,491 | +€270 | +6.4% |
| Total equity and liabilities | 10/49 | €800,286 | €782,612 | -€17,674 | -2.2% |
| Equity | 10/15 | €643,949 | €627,311 | -€16,638 | -2.6% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €114,250 | €114,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €108,000 | €108,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €467,199 | €450,561 | -€16,638 | -3.6% |
| Amounts payable | 17/49 | €156,337 | €155,301 | -€1,036 | -0.7% |
| Amounts payable within one year | 42/48 | €156,337 | €154,301 | -€2,036 | -1.3% |
| Trade debts | 44 | €352 | €2,287 | +€1,934 | +549% |
| Suppliers | 440/4 | €352 | €2,287 | +€1,934 | +549% |
| Taxes, remuneration and social security | 45 | €1,777 | €640 | -€1,137 | -64.0% |
| Taxes | 450/3 | €1,777 | €640 | -€1,137 | -64.0% |
| Other amounts payable | 47/48 | €154,208 | €151,374 | -€2,833 | -1.8% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,930 | €6,158 | +€229 | +3.9% |
| Other operating charges | 640/8 | €993 | €1,105 | +€112 | +11.3% |
| Gross operating margin | 9900 | -€13,727 | -€8,288 | +€5,439 | +39.6% |
| Operating profit (loss) | 9901 | -€20,650 | -€15,551 | +€5,099 | +24.7% |
| Financial income | 75/76B | €340,300 | €300 | -€340,000 | -99.9% |
| Recurring financial income | 75 | €340,300 | €300 | -€340,000 | -99.9% |
| Financial charges | 65/66B | €741 | €1,038 | +€297 | +40.0% |
| Recurring financial charges | 65 | €741 | €1,038 | +€297 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €318,909 | -€16,289 | -€335,198 | |
| Income taxes | 67/77 | €300 | €349 | +€49 | +16.2% |
| Profit (loss) for the period | 9904 | €318,609 | -€16,638 | -€335,246 | |
| Profit (loss) for the period to be appropriated | 9905 | €318,609 | -€16,638 | -€335,246 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.