QUERDE: 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.
QUERDE
Largest movements
- Tangible fixed assets +€36,945
up €36,945 (+56.0%), from €65,976 to €102,921
of which Furniture and vehicles: +€46,114
- Cash +€27,848
up €27,848 (+181%), from €15,382 to €43,230
mainly Other debts (+€81,147) and Depreciation (+€23,217)
- Receivables within one year +€16,420
up €16,420 (+135%), from €12,203 to €28,623
of which Trade receivables: +€13,866
- Deferred charges and accrued income -€2,708
down €2,708 (-89.1%), from €3,040 to €333
- Other debts +€81,147
up €81,147 (+1,038%), from €7,817 to €88,964
- Debts after one year -€15,510
down €15,510 (-26.6%), from €58,296 to €42,786
- Profit (loss) carried forward +€11,478
up €11,478 (+75.0%), from -€15,299 to -€3,821
- Tax, wage and social debts +€8,049
up €8,049 (+195%), from €4,127 to €12,176
- Trade debts -€3,286
down €3,286 (-78.7%), from €4,177 to €892
- Taxes +€4,479
up €4,479 (+1,406%), from €319 to €4,797
- Depreciation +€3,285
up €3,285 (+16.5%), from €19,932 to €23,217
- Gross operating margin -€2,331
down €2,331 (-4.5%), from €51,661 to €49,330
- Other operating charges +€1,853
up €1,853 (+47.5%), from €3,902 to €5,755
- Financial charges -€1,135
down €1,135 (-21.8%), from €5,218 to €4,083
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 | €96,601 | €175,106 | +€78,505 | +81.3% |
| Fixed assets | 21/28 | €65,976 | €102,921 | +€36,945 | +56.0% |
| Tangible fixed assets | 22/27 | €65,976 | €102,921 | +€36,945 | +56.0% |
| Land and buildings | 22 | €55,702 | €43,350 | -€12,353 | -22.2% |
| Plant, machinery and equipment | 23 | €547 | €3,731 | +€3,184 | +582% |
| Furniture and vehicles | 24 | €9,726 | €55,840 | +€46,114 | +474% |
| Current assets | 29/58 | €30,625 | €72,186 | +€41,560 | +136% |
| Amounts receivable within one year | 40/41 | €12,203 | €28,623 | +€16,420 | +135% |
| Trade receivables | 40 | €12,054 | €25,920 | +€13,866 | +115% |
| Other amounts receivable | 41 | €149 | €2,703 | +€2,554 | +1,713% |
| Cash at bank and in hand | 54/58 | €15,382 | €43,230 | +€27,848 | +181% |
| Deferred charges and accrued income | 490/1 | €3,040 | €333 | -€2,708 | -89.1% |
| Total equity and liabilities | 10/49 | €96,601 | €175,106 | +€78,505 | +81.3% |
| Equity | 10/15 | €3,301 | €14,779 | +€11,478 | +348% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,299 | -€3,821 | +€11,478 | +75.0% |
| Amounts payable | 17/49 | €93,300 | €160,328 | +€67,027 | +71.8% |
| Amounts payable after more than one year | 17 | €58,296 | €42,786 | -€15,510 | -26.6% |
| Financial debts | 170/4 | €58,296 | €42,786 | -€15,510 | -26.6% |
| Amounts payable within one year | 42/48 | €34,313 | €117,542 | +€83,229 | +243% |
| Current portion of amounts payable after more than one year | 42 | €18,192 | €15,510 | -€2,682 | -14.7% |
| Trade debts | 44 | €4,177 | €892 | -€3,286 | -78.7% |
| Suppliers | 440/4 | €4,177 | €892 | -€3,286 | -78.7% |
| Taxes, remuneration and social security | 45 | €4,127 | €12,176 | +€8,049 | +195% |
| Taxes | 450/3 | €4,127 | €12,176 | +€8,049 | +195% |
| Other amounts payable | 47/48 | €7,817 | €88,964 | +€81,147 | +1,038% |
| Accrued charges and deferred income | 492/3 | €691 | - | -€691 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,932 | €23,217 | +€3,285 | +16.5% |
| Other operating charges | 640/8 | €3,902 | €5,755 | +€1,853 | +47.5% |
| Gross operating margin | 9900 | €51,661 | €49,330 | -€2,331 | -4.5% |
| Operating profit (loss) | 9901 | €27,827 | €20,358 | -€7,469 | -26.8% |
| Financial income | 75/76B | €416 | - | -€416 | |
| Recurring financial income | 75 | €416 | - | -€416 | |
| Financial charges | 65/66B | €5,218 | €4,083 | -€1,135 | -21.8% |
| Recurring financial charges | 65 | €5,218 | €4,083 | -€1,135 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €23,024 | €16,275 | -€6,749 | -29.3% |
| Income taxes | 67/77 | €319 | €4,797 | +€4,479 | +1,406% |
| Profit (loss) for the period | 9904 | €22,706 | €11,478 | -€11,228 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,706 | €11,478 | -€11,228 | -49.4% |
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 1 November 2026 via checked.be.