Querencia: 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.
Querencia
Largest movements
- Cash -€70,693
down €70,693 (-67.0%), from €105,452 to €34,760
mainly Other debts (-€65,151) and Contributions, distributions and other (-€23,530)
- Receivables within one year -€20,757
down €20,757 (-58.9%), from €35,246 to €14,489
of which Trade receivables: -€22,305
- Other debts -€65,151
down €65,151 (-71.6%), from €91,000 to €25,849
- Trade debts -€10,583
down €10,583 (-69.5%), from €15,220 to €4,637
- Reserves -€8,965
down €8,965 (-23.4%), from €38,260 to €29,295
of which Distributable reserves: -€8,965
- Tax, wage and social debts -€7,254
down €7,254 (-54.2%), from €13,389 to €6,135
- Gross operating margin -€97,241
down €97,241 (-77.7%), from €125,186 to €27,945
- Taxes -€23,461
down €23,461 (-83.4%), from €28,141 to €4,680
- Depreciation +€3,502
up €3,502 (+103%), from €3,387 to €6,890
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 | €180,719 | €88,767 | -€91,953 | -50.9% |
| Fixed assets | 21/28 | €40,021 | €39,518 | -€503 | -1.3% |
| Tangible fixed assets | 22/27 | €40,021 | €39,518 | -€503 | -1.3% |
| Land and buildings | 22 | €23,126 | €21,584 | -€1,542 | -6.7% |
| Plant, machinery and equipment | 23 | €2,009 | €4,336 | +€2,327 | +116% |
| Furniture and vehicles | 24 | €14,887 | €13,598 | -€1,289 | -8.7% |
| Current assets | 29/58 | €140,698 | €49,249 | -€91,449 | -65.0% |
| Amounts receivable within one year | 40/41 | €35,246 | €14,489 | -€20,757 | -58.9% |
| Trade receivables | 40 | €26,474 | €4,169 | -€22,305 | -84.3% |
| Other amounts receivable | 41 | €8,772 | €10,320 | +€1,548 | +17.6% |
| Cash at bank and in hand | 54/58 | €105,452 | €34,760 | -€70,693 | -67.0% |
| Total equity and liabilities | 10/49 | €180,719 | €88,767 | -€91,953 | -50.9% |
| Equity | 10/15 | €61,111 | €52,146 | -€8,965 | -14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,260 | €29,295 | -€8,965 | -23.4% |
| 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 | €36,400 | €27,435 | -€8,965 | -24.6% |
| Profit (loss) carried forward | 14 | €4,251 | €4,251 | +€0 | 0.0% |
| Amounts payable | 17/49 | €119,609 | €36,621 | -€82,988 | -69.4% |
| Amounts payable within one year | 42/48 | €119,609 | €36,621 | -€82,988 | -69.4% |
| Trade debts | 44 | €15,220 | €4,637 | -€10,583 | -69.5% |
| Suppliers | 440/4 | €15,220 | €4,637 | -€10,583 | -69.5% |
| Taxes, remuneration and social security | 45 | €13,389 | €6,135 | -€7,254 | -54.2% |
| Taxes | 450/3 | €13,389 | €6,135 | -€7,254 | -54.2% |
| Other amounts payable | 47/48 | €91,000 | €25,849 | -€65,151 | -71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,387 | €6,890 | +€3,502 | +103% |
| Other operating charges | 640/8 | €1,605 | €1,740 | +€135 | +8.4% |
| Gross operating margin | 9900 | €125,186 | €27,945 | -€97,241 | -77.7% |
| Operating profit (loss) | 9901 | €120,194 | €19,315 | -€100,879 | -83.9% |
| Financial charges | 65/66B | €66 | €70 | +€4 | +6.0% |
| Recurring financial charges | 65 | €66 | €70 | +€4 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €120,128 | €19,245 | -€100,883 | -84.0% |
| Income taxes | 67/77 | €28,141 | €4,680 | -€23,461 | -83.4% |
| Profit (loss) for the period | 9904 | €91,987 | €14,565 | -€77,422 | -84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €91,987 | €14,565 | -€77,422 | -84.2% |
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 26 October 2026 via checked.be.