QUERCUS P.R.: what changed
What changed
QUERCUS P.R.
NACE 43.332, Laying of wooden floor and wall coverings
filed annual accounts (NBB)
Net result for the year
€18,586
2024 · €43,330-€24,744
Equity
€104,373
2024 · €104,159+€214
Cash
€57,996
2024 · €60,497-€2,501
Balance sheet total
€259,239
2024 · €290,872-€31,633
Largest movements
Assets
- Tangible fixed assets -€23,006
down €23,006 (-16.5%), from €139,701 to €116,695
of which Leasing and similar rights: -€12,518
- Receivables within one year -€6,990
down €6,990 (-11.4%), from €61,277 to €54,287
of which Trade receivables: -€9,964
Equity and liabilities
- Other debts -€20,889
down €20,889 (-42.2%), from €49,543 to €28,654
- Debts after one year -€11,669
down €11,669 (-11.2%), from €104,341 to €92,671
of which Financial debts: -€11,669
- Trade debts +€8,436
up €8,436 (+188%), from €4,485 to €12,921
- Current portion of long-term debt -€3,934
down €3,934 (-25.2%), from €15,603 to €11,669
- Tax, wage and social debts -€3,791
down €3,791 (-29.8%), from €12,740 to €8,949
Income statement
- Gross operating margin -€27,676
down €27,676 (-29.3%), from €94,407 to €66,731
- Taxes -€5,054
down €5,054 (-36.1%), from €14,004 to €8,949
- Other operating charges +€1,665
up €1,665 (+41.7%), from €3,994 to €5,660
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€43,330
Gross operating margin
-€27,676
Depreciation
+€326
Other operating charges
-€1,665
Financial income
-€229
Financial charges
-€553
Taxes
+€5,054
Result 2025
€18,586
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€36,508
Investment
-€5,035
Financing
-€33,974
Cash 2024
€60,497
From operations (derived)
+€36,508
Net result for the year
+€18,586
Depreciation
+€28,041
Stocks and contracts
+€72
Receivables within one year
+€6,990
Deferred charges and accrued income
-€936
Trade debts
+€8,436
Tax, wage and social debts
-€3,791
Other debts
-€20,889
Investment (derived)
-€5,035
Investment in fixed assets (net)
-€5,035
Financing
-€33,974
Debts after one year
-€11,669
Current portion of long-term debt
-€3,934
Contributions, distributions and other
-€18,372
Cash 2025
€57,996
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €290,872 | €259,239 | -€31,633 | -10.9% |
| Fixed assets | 21/28 | €139,701 | €116,695 | -€23,006 | -16.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €139,701 | €116,695 | -€23,006 | -16.5% |
| Land and buildings | 22 | €628 | €338 | -€290 | -46.2% |
| Plant, machinery and equipment | 23 | €26,286 | €19,407 | -€6,879 | -26.2% |
| Furniture and vehicles | 24 | €3,918 | €2,544 | -€1,374 | -35.1% |
| Leasing and similar rights | 25 | €104,259 | €91,741 | -€12,518 | -12.0% |
| Other tangible fixed assets | 26 | €4,610 | €2,664 | -€1,945 | -42.2% |
| Current assets | 29/58 | €151,170 | €142,544 | -€8,627 | -5.7% |
| Stocks and contracts in progress | 3 | €25,443 | €25,371 | -€72 | -0.3% |
| Stocks | 30/36 | €25,443 | €25,371 | -€72 | -0.3% |
| Amounts receivable within one year | 40/41 | €61,277 | €54,287 | -€6,990 | -11.4% |
| Trade receivables | 40 | €60,980 | €51,015 | -€9,964 | -16.3% |
| Other amounts receivable | 41 | €297 | €3,272 | +€2,974 | +1,001% |
| Cash at bank and in hand | 54/58 | €60,497 | €57,996 | -€2,501 | -4.1% |
| Deferred charges and accrued income | 490/1 | €3,954 | €4,890 | +€936 | +23.7% |
| Total equity and liabilities | 10/49 | €290,872 | €259,239 | -€31,633 | -10.9% |
| Equity | 10/15 | €104,159 | €104,373 | +€214 | +0.2% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €95,359 | €98,073 | +€2,714 | +2.8% |
| Distributable reserves | 133 | €95,359 | €98,073 | +€2,714 | +2.8% |
| Profit (loss) carried forward | 14 | €2,500 | - | -€2,500 | |
| Amounts payable | 17/49 | €186,713 | €154,865 | -€31,847 | -17.1% |
| Amounts payable after more than one year | 17 | €104,341 | €92,671 | -€11,669 | -11.2% |
| Financial debts | 170/4 | €91,841 | €80,171 | -€11,669 | -12.7% |
| Other amounts payable | 178/9 | €12,500 | €12,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €82,372 | €62,194 | -€20,178 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €15,603 | €11,669 | -€3,934 | -25.2% |
| Trade debts | 44 | €4,485 | €12,921 | +€8,436 | +188% |
| Suppliers | 440/4 | €4,485 | €12,921 | +€8,436 | +188% |
| Taxes, remuneration and social security | 45 | €12,740 | €8,949 | -€3,791 | -29.8% |
| Taxes | 450/3 | €12,740 | €8,949 | -€3,791 | -29.8% |
| Other amounts payable | 47/48 | €49,543 | €28,654 | -€20,889 | -42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,367 | €28,041 | -€326 | -1.1% |
| Other operating charges | 640/8 | €3,994 | €5,660 | +€1,665 | +41.7% |
| Gross operating margin | 9900 | €94,407 | €66,731 | -€27,676 | -29.3% |
| Operating profit (loss) | 9901 | €62,046 | €33,031 | -€29,016 | -46.8% |
| Financial income | 75/76B | €230 | €1 | -€229 | -99.8% |
| Recurring financial income | 75 | €230 | €1 | -€229 | -99.8% |
| Financial charges | 65/66B | €4,942 | €5,496 | +€553 | +11.2% |
| Recurring financial charges | 65 | €4,942 | €5,496 | +€553 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €57,333 | €27,535 | -€29,798 | -52.0% |
| Income taxes | 67/77 | €14,004 | €8,949 | -€5,054 | -36.1% |
| Profit (loss) for the period | 9904 | €43,330 | €18,586 | -€24,744 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,330 | €18,586 | -€24,744 | -57.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.