Quercus Consulting: 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 Consulting
Largest movements
- Receivables within one year +€92,951
up €92,951 (+31.1%), from €298,887 to €391,838
of which Trade receivables: +€110,336
- Tangible fixed assets -€63,707
down €63,707 (-11.9%), from €535,528 to €471,821
of which Furniture and vehicles: -€41,986
- Advances received +€65,000
up €65,000 (+41.5%), from €156,550 to €221,550
- Debts after one year -€41,934
down €41,934 (-12.3%), from €341,658 to €299,724
- Current portion of long-term debt -€24,828
down €24,828 (-34.4%), from €72,096 to €47,268
- Reserves +€23,500
up €23,500 (+11.2%), from €210,155 to €233,655
of which Distributable reserves: +€23,500
- Other debts -€16,419
down €16,419 (-95.2%), from €17,240 to €821
- Staff costs +€13,178
up €13,178 (+10.7%), from €123,249 to €136,427
- Depreciation +€11,885
up €11,885 (+21.8%), from €54,612 to €66,497
- Taxes -€5,948
down €5,948 (-26.4%), from €22,551 to €16,603
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 | €845,364 | €877,662 | +€32,298 | +3.8% |
| Fixed assets | 21/28 | €535,926 | €472,219 | -€63,707 | -11.9% |
| Tangible fixed assets | 22/27 | €535,528 | €471,821 | -€63,707 | -11.9% |
| Land and buildings | 22 | €386,330 | €364,419 | -€21,911 | -5.7% |
| Plant, machinery and equipment | 23 | €2,019 | €2,209 | +€190 | +9.4% |
| Furniture and vehicles | 24 | €147,179 | €105,193 | -€41,986 | -28.5% |
| Financial fixed assets | 28 | €398 | €398 | = | 0.0% |
| Current assets | 29/58 | €309,438 | €405,443 | +€96,005 | +31.0% |
| Amounts receivable within one year | 40/41 | €298,887 | €391,838 | +€92,951 | +31.1% |
| Trade receivables | 40 | €262,716 | €373,052 | +€110,336 | +42.0% |
| Other amounts receivable | 41 | €36,171 | €18,786 | -€17,385 | -48.1% |
| Cash at bank and in hand | 54/58 | €7,316 | €3,271 | -€4,045 | -55.3% |
| Deferred charges and accrued income | 490/1 | €3,235 | €10,334 | +€7,099 | +219% |
| Total equity and liabilities | 10/49 | €845,364 | €877,662 | +€32,298 | +3.8% |
| Equity | 10/15 | €219,078 | €242,626 | +€23,548 | +10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €210,155 | €233,655 | +€23,500 | +11.2% |
| 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 | €208,295 | €231,795 | +€23,500 | +11.3% |
| Profit (loss) carried forward | 14 | €2,723 | €2,771 | +€48 | +1.8% |
| Amounts payable | 17/49 | €626,286 | €635,036 | +€8,750 | +1.4% |
| Amounts payable after more than one year | 17 | €341,658 | €299,724 | -€41,934 | -12.3% |
| Financial debts | 170/4 | €341,658 | €299,724 | -€41,934 | -12.3% |
| Amounts payable within one year | 42/48 | €278,467 | €332,000 | +€53,533 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €72,096 | €47,268 | -€24,828 | -34.4% |
| Trade debts | 44 | €1,208 | €16,475 | +€15,267 | +1,264% |
| Suppliers | 440/4 | €1,208 | €16,475 | +€15,267 | +1,264% |
| Advances received on contracts in progress | 46 | €156,550 | €221,550 | +€65,000 | +41.5% |
| Taxes, remuneration and social security | 45 | €31,373 | €45,886 | +€14,513 | +46.3% |
| Taxes | 450/3 | €21,689 | €22,136 | +€447 | +2.1% |
| Remuneration and social security | 454/9 | €9,684 | €23,750 | +€14,066 | +145% |
| Other amounts payable | 47/48 | €17,240 | €821 | -€16,419 | -95.2% |
| Accrued charges and deferred income | 492/3 | €6,161 | €3,312 | -€2,849 | -46.2% |
| Remuneration, social security and pensions | 62 | €123,249 | €136,427 | +€13,178 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,612 | €66,497 | +€11,885 | +21.8% |
| Other operating charges | 640/8 | €948 | €2,664 | +€1,716 | +181% |
| Gross operating margin | 9900 | €251,009 | €253,406 | +€2,397 | +1.0% |
| Operating profit (loss) | 9901 | €72,200 | €47,818 | -€24,382 | -33.8% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €9,226 | €7,679 | -€1,547 | -16.8% |
| Recurring financial charges | 65 | €9,226 | €7,679 | -€1,547 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €62,974 | €40,151 | -€22,823 | -36.2% |
| Income taxes | 67/77 | €22,551 | €16,603 | -€5,948 | -26.4% |
| Profit (loss) for the period | 9904 | €40,423 | €23,548 | -€16,875 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,423 | €23,548 | -€16,875 | -41.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.