QUERCUS ICT: 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 ICT
Largest movements
- Cash +€9,482
up €9,482 (+8.8%), from €108,272 to €117,754
mainly Net result for the year (+€70,477) and Depreciation (+€4,226)
- Tangible fixed assets -€3,383
down €3,383 (-48.5%), from €6,972 to €3,589
of which Furniture and vehicles: -€1,958
- Receivables within one year +€2,485
up €2,485 (+9.5%), from €26,117 to €28,601
of which Trade receivables: +€4,060
- Reserves +€25,000
up €25,000 (+52.9%), from €47,260 to €72,260
of which Distributable reserves: +€25,000
- Tax, wage and social debts -€11,077
down €11,077 (-40.9%), from €27,099 to €16,022
- Other debts -€5,645
down €5,645 (-11.7%), from €48,160 to €42,515
- Gross operating margin +€10,701
up €10,701 (+10.9%), from €97,791 to €108,492
- Taxes +€10,023
up €10,023 (+42.7%), from €23,483 to €33,507
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 | €143,664 | €152,374 | +€8,710 | +6.1% |
| Fixed assets | 21/28 | €6,972 | €3,589 | -€3,383 | -48.5% |
| Tangible fixed assets | 22/27 | €6,972 | €3,589 | -€3,383 | -48.5% |
| Plant, machinery and equipment | 23 | €909 | €324 | -€585 | -64.4% |
| Furniture and vehicles | 24 | €2,703 | €746 | -€1,958 | -72.4% |
| Other tangible fixed assets | 26 | €3,360 | €2,520 | -€840 | -25.0% |
| Current assets | 29/58 | €136,692 | €148,785 | +€12,093 | +8.8% |
| Amounts receivable within one year | 40/41 | €26,117 | €28,601 | +€2,485 | +9.5% |
| Trade receivables | 40 | €24,542 | €28,601 | +€4,060 | +16.5% |
| Other amounts receivable | 41 | €1,575 | - | -€1,575 | |
| Cash at bank and in hand | 54/58 | €108,272 | €117,754 | +€9,482 | +8.8% |
| Deferred charges and accrued income | 490/1 | €2,303 | €2,429 | +€126 | +5.5% |
| Total equity and liabilities | 10/49 | €143,664 | €152,374 | +€8,710 | +6.1% |
| Equity | 10/15 | €67,799 | €92,876 | +€25,077 | +37.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,260 | €72,260 | +€25,000 | +52.9% |
| 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 | €45,400 | €70,400 | +€25,000 | +55.1% |
| Profit (loss) carried forward | 14 | €1,939 | €2,016 | +€77 | +4.0% |
| Amounts payable | 17/49 | €75,866 | €59,498 | -€16,368 | -21.6% |
| Amounts payable within one year | 42/48 | €75,501 | €58,677 | -€16,824 | -22.3% |
| Trade debts | 44 | €243 | €140 | -€103 | -42.3% |
| Suppliers | 440/4 | €243 | €140 | -€103 | -42.3% |
| Taxes, remuneration and social security | 45 | €27,099 | €16,022 | -€11,077 | -40.9% |
| Taxes | 450/3 | €27,099 | €16,022 | -€11,077 | -40.9% |
| Other amounts payable | 47/48 | €48,160 | €42,515 | -€5,645 | -11.7% |
| Accrued charges and deferred income | 492/3 | €364 | €821 | +€457 | +125% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,119 | €4,226 | -€893 | -17.4% |
| Other operating charges | 640/8 | €502 | €630 | +€128 | +25.5% |
| Gross operating margin | 9900 | €97,791 | €108,492 | +€10,701 | +10.9% |
| Operating profit (loss) | 9901 | €92,170 | €103,636 | +€11,466 | +12.4% |
| Financial income | 75/76B | €194 | €401 | +€207 | +107% |
| Recurring financial income | 75 | €194 | €401 | +€207 | +107% |
| Financial charges | 65/66B | €51 | €53 | +€2 | +3.1% |
| Recurring financial charges | 65 | €51 | €53 | +€2 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €92,313 | €103,984 | +€11,672 | +12.6% |
| Income taxes | 67/77 | €23,483 | €33,507 | +€10,023 | +42.7% |
| Profit (loss) for the period | 9904 | €68,829 | €70,477 | +€1,648 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,829 | €70,477 | +€1,648 | +2.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.