QUERCUS architecture: 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 architecture
Largest movements
- Cash +€15,725
up €15,725 (+25.2%), from €62,423 to €78,148
mainly Net result for the year (+€24,815) and Deferred charges and accrued income (+€8,421)
- Receivables within one year +€13,041
up €13,041 (+18.6%), from €70,002 to €83,042
- Deferred charges and accrued income -€8,421
down €8,421 (-76.1%), from €11,061 to €2,640
- Tangible fixed assets +€1,718
new in 2025: €1,718
- Reserves +€24,815
up €24,815 (+28.3%), from €87,605 to €112,421
of which Distributable reserves: +€24,815
- Trade debts -€5,646
down €5,646 (-44.6%), from €12,672 to €7,025
- Other debts +€4,333
up €4,333 (+55.6%), from €7,799 to €12,132
- Tax, wage and social debts -€2,272
down €2,272 (-13.0%), from €17,411 to €15,139
of which Taxes: -€2,272
- Gross operating margin +€23,559
up €23,559 (+125%), from €18,805 to €42,365
- Taxes +€8,978
up €8,978 (+175%), from €5,137 to €14,115
- Other operating charges -€508
down €508 (-27.4%), from €1,852 to €1,344
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 | €144,272 | €165,973 | +€21,702 | +15.0% |
| Fixed assets | 21/28 | €786 | €2,143 | +€1,357 | +173% |
| Intangible fixed assets | 21 | €730 | €369 | -€362 | -49.5% |
| Tangible fixed assets | 22/27 | - | €1,718 | +€1,718 | |
| Furniture and vehicles | 24 | - | €1,718 | +€1,718 | |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €143,485 | €163,830 | +€20,345 | +14.2% |
| Amounts receivable within one year | 40/41 | €70,002 | €83,042 | +€13,041 | +18.6% |
| Trade receivables | 40 | €70,002 | €83,042 | +€13,041 | +18.6% |
| Cash at bank and in hand | 54/58 | €62,423 | €78,148 | +€15,725 | +25.2% |
| Deferred charges and accrued income | 490/1 | €11,061 | €2,640 | -€8,421 | -76.1% |
| Total equity and liabilities | 10/49 | €144,272 | €165,973 | +€21,702 | +15.0% |
| Equity | 10/15 | €106,205 | €131,021 | +€24,815 | +23.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,605 | €112,421 | +€24,815 | +28.3% |
| Tax-exempt reserves | 132 | €78 | €78 | = | 0.0% |
| Distributable reserves | 133 | €87,527 | €112,343 | +€24,815 | +28.4% |
| Amounts payable | 17/49 | €38,066 | €34,953 | -€3,114 | -8.2% |
| Amounts payable within one year | 42/48 | €37,882 | €34,297 | -€3,585 | -9.5% |
| Trade debts | 44 | €12,672 | €7,025 | -€5,646 | -44.6% |
| Suppliers | 440/4 | €12,672 | €7,025 | -€5,646 | -44.6% |
| Taxes, remuneration and social security | 45 | €17,411 | €15,139 | -€2,272 | -13.0% |
| Taxes | 450/3 | €13,411 | €11,139 | -€2,272 | -16.9% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €7,799 | €12,132 | +€4,333 | +55.6% |
| Accrued charges and deferred income | 492/3 | €185 | €656 | +€471 | +255% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €425 | €442 | +€17 | +4.1% |
| Other operating charges | 640/8 | €1,852 | €1,344 | -€508 | -27.4% |
| Gross operating margin | 9900 | €18,805 | €42,365 | +€23,559 | +125% |
| Operating profit (loss) | 9901 | €16,529 | €40,579 | +€24,050 | +146% |
| Financial income | 75/76B | €0 | €14 | +€13 | +3,894% |
| Recurring financial income | 75 | €0 | €14 | +€13 | +3,894% |
| Financial charges | 65/66B | €1,252 | €1,661 | +€409 | +32.7% |
| Recurring financial charges | 65 | €1,252 | €1,661 | +€409 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €15,277 | €38,931 | +€23,654 | +155% |
| Income taxes | 67/77 | €5,137 | €14,115 | +€8,978 | +175% |
| Profit (loss) for the period | 9904 | €10,140 | €24,815 | +€14,675 | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €10,140 | €24,815 | +€14,675 | +145% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.