QUERCUS CONSULTANCY: 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 CONSULTANCY
Largest movements
- Receivables within one year +€39,227
up €39,227 (+420%), from €9,347 to €48,574
of which Trade receivables: +€39,134
- Tangible fixed assets -€13,436
down €13,436 (-4.6%), from €295,209 to €281,773
of which Land and buildings: -€9,687
- Reserves +€28,249
up €28,249 (+18.6%), from €151,771 to €180,019
of which Distributable reserves: +€28,249
- Current portion of long-term debt -€9,002
down €9,002 (-49.9%), from €18,047 to €9,046
- Other debts +€5,482
up €5,482 (+5.7%), from €96,875 to €102,357
- Tax, wage and social debts -€3,690
down €3,690 (-28.5%), from €12,968 to €9,278
- Gross operating margin +€785
up €785 (+1.2%), from €66,411 to €67,196
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 | €343,948 | €367,567 | +€23,619 | +6.9% |
| Fixed assets | 21/28 | €295,978 | €282,542 | -€13,436 | -4.5% |
| Tangible fixed assets | 22/27 | €295,209 | €281,773 | -€13,436 | -4.6% |
| Land and buildings | 22 | €281,014 | €271,327 | -€9,687 | -3.4% |
| Furniture and vehicles | 24 | €14,195 | €10,446 | -€3,749 | -26.4% |
| Financial fixed assets | 28 | €769 | €769 | = | 0.0% |
| Current assets | 29/58 | €47,969 | €85,025 | +€37,055 | +77.2% |
| Amounts receivable within one year | 40/41 | €9,347 | €48,574 | +€39,227 | +420% |
| Trade receivables | 40 | €8,755 | €47,889 | +€39,134 | +447% |
| Other amounts receivable | 41 | €592 | €685 | +€93 | +15.8% |
| Current investments | 50/53 | €13 | €13 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,060 | €35,013 | -€3,047 | -8.0% |
| Deferred charges and accrued income | 490/1 | €549 | €1,425 | +€875 | +159% |
| Total equity and liabilities | 10/49 | €343,948 | €367,567 | +€23,619 | +6.9% |
| Equity | 10/15 | €214,810 | €243,059 | +€28,249 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €151,771 | €180,019 | +€28,249 | +18.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €149,911 | €178,159 | +€28,249 | +18.8% |
| Profit (loss) carried forward | 14 | €44,440 | €44,440 | = | 0.0% |
| Amounts payable | 17/49 | €129,137 | €124,508 | -€4,629 | -3.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €129,137 | €124,508 | -€4,629 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €18,047 | €9,046 | -€9,002 | -49.9% |
| Trade debts | 44 | €1,162 | €3,486 | +€2,324 | +200% |
| Suppliers | 440/4 | €1,162 | €3,486 | +€2,324 | +200% |
| Advances received on contracts in progress | 46 | €85 | €341 | +€256 | +300% |
| Taxes, remuneration and social security | 45 | €12,968 | €9,278 | -€3,690 | -28.5% |
| Taxes | 450/3 | €12,968 | €9,278 | -€3,690 | -28.5% |
| Other amounts payable | 47/48 | €96,875 | €102,357 | +€5,482 | +5.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €11,074 | €0 | -€11,074 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,401 | €13,436 | +€35 | +0.3% |
| Other operating charges | 640/8 | €989 | €1,019 | +€30 | +3.0% |
| Gross operating margin | 9900 | €66,411 | €67,196 | +€785 | +1.2% |
| Operating profit (loss) | 9901 | €52,021 | €52,741 | +€720 | +1.4% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €10,287 | €10,265 | -€23 | -0.2% |
| Recurring financial charges | 65 | €10,287 | €10,265 | -€23 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €41,733 | €42,480 | +€747 | +1.8% |
| Income taxes | 67/77 | €14,267 | €14,232 | -€35 | -0.2% |
| Profit (loss) for the period | 9904 | €27,466 | €28,249 | +€782 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,466 | €28,249 | +€782 | +2.8% |
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 20 October 2026 via checked.be.