Quercus Services: 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 Services
Largest movements
- Cash +€297,484
up €297,484 (+258%), from €115,167 to €412,651
mainly Net result for the year (+€512,640) and Depreciation (+€12,322)
- Receivables within one year +€79,584
up €79,584 (+12.5%), from €636,338 to €715,922
of which Trade receivables: +€73,303
- Tangible fixed assets +€39,188
up €39,188 (+330%), from €11,866 to €51,054
- Reserves +€512,640
up €512,640 (+78.5%), from €653,084 to €1.2m
- Tax, wage and social debts -€87,627
down €87,627 (-98.8%), from €88,660 to €1,033
- Gross operating margin -€14,743
down €14,743 (-2.1%), from €707,491 to €692,748
- Depreciation +€10,889
up €10,889 (+759%), from €1,434 to €12,322
- Taxes -€7,450
down €7,450 (-4.3%), from €173,992 to €166,542
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 | €763,371 | €1,179,806 | +€416,435 | +54.6% |
| Fixed assets | 21/28 | €11,866 | €51,054 | +€39,188 | +330% |
| Tangible fixed assets | 22/27 | €11,866 | €51,054 | +€39,188 | +330% |
| Furniture and vehicles | 24 | €11,866 | €51,054 | +€39,188 | +330% |
| Current assets | 29/58 | €751,505 | €1,128,752 | +€377,247 | +50.2% |
| Amounts receivable within one year | 40/41 | €636,338 | €715,922 | +€79,584 | +12.5% |
| Trade receivables | 40 | €314,587 | €387,890 | +€73,303 | +23.3% |
| Other amounts receivable | 41 | €321,751 | €328,032 | +€6,281 | +2.0% |
| Cash at bank and in hand | 54/58 | €115,167 | €412,651 | +€297,484 | +258% |
| Deferred charges and accrued income | 490/1 | - | €179 | +€179 | |
| Total equity and liabilities | 10/49 | €763,371 | €1,179,806 | +€416,435 | +54.6% |
| Equity | 10/15 | €663,084 | €1,175,724 | +€512,640 | +77.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €653,084 | €1,165,724 | +€512,640 | +78.5% |
| Distributable reserves | 133 | €653,084 | €1,165,724 | +€512,640 | +78.5% |
| Amounts payable | 17/49 | €100,287 | €4,082 | -€96,205 | -95.9% |
| Amounts payable within one year | 42/48 | €100,287 | €4,082 | -€96,205 | -95.9% |
| Trade debts | 44 | €5,902 | - | -€5,902 | |
| Suppliers | 440/4 | €5,902 | - | -€5,902 | |
| Taxes, remuneration and social security | 45 | €88,660 | €1,033 | -€87,627 | -98.8% |
| Taxes | 450/3 | €88,660 | €1,033 | -€87,627 | -98.8% |
| Other amounts payable | 47/48 | €5,725 | €3,049 | -€2,676 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,434 | €12,322 | +€10,889 | +759% |
| Other operating charges | 640/8 | €251 | €1,049 | +€798 | +318% |
| Gross operating margin | 9900 | €707,491 | €692,748 | -€14,743 | -2.1% |
| Operating profit (loss) | 9901 | €705,806 | €679,376 | -€26,430 | -3.7% |
| Financial income | 75/76B | €0 | €61 | +€61 | +605,400% |
| Recurring financial income | 75 | €0 | €61 | +€61 | +605,400% |
| Financial charges | 65/66B | €159 | €256 | +€97 | +61.0% |
| Recurring financial charges | 65 | €159 | €256 | +€97 | +61.0% |
| Profit (loss) for the period before taxes | 9903 | €705,647 | €679,181 | -€26,466 | -3.8% |
| Income taxes | 67/77 | €173,992 | €166,542 | -€7,450 | -4.3% |
| Profit (loss) for the period | 9904 | €531,655 | €512,640 | -€19,016 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €531,655 | €512,640 | -€19,016 | -3.6% |
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 13 October 2026 via checked.be.