Quercus Med: 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 Med
Largest movements
- Receivables within one year +€30,383
up €30,383 (+112.1%), from €27,098 to €57,481
of which Other amounts receivable: +€30,229
- Receivables after one year -€27,950
down €27,950 (-33.3%), from €83,825 to €55,875
- Cash +€20,504
up €20,504 (+22.3%), from €92,089 to €112,593
mainly Other debts (+€58,993) and Receivables after one year (+€27,950)
- Intangible fixed assets -€14,600
down €14,600 (-29.3%), from €49,883 to €35,283
- Tangible fixed assets -€9,565
down €9,565 (-58.8%), from €16,267 to €6,703
of which Furniture and vehicles: -€6,339
- Other debts +€58,993
new in 2025: €58,993
- Profit (loss) carried forward -€29,277
no longer reported in 2025 (was €29,277)
- Trade debts -€11,184
down €11,184 (-92.4%), from €12,098 to €914
- Reserves -€7,253
down €7,253 (-3.7%), from €197,950 to €190,697
of which Distributable reserves: -€7,253
- Current portion of long-term debt -€3,994
no longer reported in 2025 (was €3,994)
- Gross operating margin -€8,659
down €8,659 (-13.4%), from €64,410 to €55,752
- Financial income +€1,200
up €1,200 (+80.7%), from €1,488 to €2,688
- Taxes -€1,116
down €1,116 (-10.4%), from €10,782 to €9,666
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.
Cash bridge derived
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 | €273,600 | €278,882 | +€5,283 | +1.9% |
| Fixed assets | 21/28 | €66,150 | €41,986 | -€24,165 | -36.5% |
| Intangible fixed assets | 21 | €49,883 | €35,283 | -€14,600 | -29.3% |
| Tangible fixed assets | 22/27 | €16,267 | €6,703 | -€9,565 | -58.8% |
| Furniture and vehicles | 24 | €10,564 | €4,225 | -€6,339 | -60.0% |
| Other tangible fixed assets | 26 | €5,703 | €2,478 | -€3,226 | -56.6% |
| Current assets | 29/58 | €207,449 | €236,896 | +€29,447 | +14.2% |
| Amounts receivable after more than one year | 29 | €83,825 | €55,875 | -€27,950 | -33.3% |
| Other amounts receivable | 291 | €83,825 | €55,875 | -€27,950 | -33.3% |
| Amounts receivable within one year | 40/41 | €27,098 | €57,481 | +€30,383 | +112.1% |
| Trade receivables | 40 | - | €154 | +€154 | |
| Other amounts receivable | 41 | €27,098 | €57,327 | +€30,229 | +111.6% |
| Cash at bank and in hand | 54/58 | €92,089 | €112,593 | +€20,504 | +22.3% |
| Deferred charges and accrued income | 490/1 | €4,437 | €10,948 | +€6,511 | +146.7% |
| Total equity and liabilities | 10/49 | €273,600 | €278,882 | +€5,283 | +1.9% |
| Equity | 10/15 | €245,827 | €209,297 | -€36,530 | -14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €197,950 | €190,697 | -€7,253 | -3.7% |
| 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 | €196,090 | €188,837 | -€7,253 | -3.7% |
| Profit (loss) carried forward | 14 | €29,277 | - | -€29,277 | |
| Amounts payable | 17/49 | €27,772 | €69,585 | +€41,813 | +150.6% |
| Amounts payable within one year | 42/48 | €26,906 | €69,585 | +€42,680 | +158.6% |
| Current portion of amounts payable after more than one year | 42 | €3,994 | - | -€3,994 | |
| Trade debts | 44 | €12,098 | €914 | -€11,184 | -92.4% |
| Suppliers | 440/4 | €12,098 | €914 | -€11,184 | -92.4% |
| Taxes, remuneration and social security | 45 | €10,814 | €9,679 | -€1,135 | -10.5% |
| Taxes | 450/3 | €10,814 | €9,679 | -€1,135 | -10.5% |
| Other amounts payable | 47/48 | - | €58,993 | +€58,993 | |
| Accrued charges and deferred income | 492/3 | €867 | - | -€867 | |
| Non-recurring operating income | 76A | - | €352 | +€352 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,569 | €24,851 | +€282 | +1.1% |
| Other operating charges | 640/8 | €518 | €850 | +€332 | +64.2% |
| Gross operating margin | 9900 | €64,410 | €55,752 | -€8,659 | -13.4% |
| Operating profit (loss) | 9901 | €39,324 | €30,050 | -€9,274 | -23.6% |
| Financial income | 75/76B | €1,488 | €2,688 | +€1,200 | +80.7% |
| Recurring financial income | 75 | €1,488 | €2,688 | +€1,200 | +80.7% |
| Financial charges | 65/66B | €752 | €609 | -€143 | -19.0% |
| Recurring financial charges | 65 | €752 | €609 | -€143 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €40,059 | €32,128 | -€7,931 | -19.8% |
| Income taxes | 67/77 | €10,782 | €9,666 | -€1,116 | -10.4% |
| Profit (loss) for the period | 9904 | €29,277 | €22,462 | -€6,815 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,277 | €22,462 | -€6,815 | -23.3% |
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 11 October 2026 via checked.be.