QUERINO: what changed
Two fiscal 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.
QUERINO
Largest movements
- Cash +€7,633
up €7,633 (+25.1%), from €30,401 to €38,033
mainly Depreciation (+€7,112) and Net result for the year (+€3,286)
- Tangible fixed assets -€7,112
down €7,112 (-2.4%), from €297,640 to €290,528
of which Land and buildings: -€6,148
- Receivables within one year +€3,929
up €3,929, from €0 to €3,929
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€4,889
down €4,889 (-25.6%), from €19,091 to €14,202
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 | €328,040 | €332,491 | +€4,450 | +1.4% |
| Fixed assets | 21/28 | €297,640 | €290,528 | -€7,112 | -2.4% |
| Tangible fixed assets | 22/27 | €297,640 | €290,528 | -€7,112 | -2.4% |
| Land and buildings | 22 | €280,922 | €274,774 | -€6,148 | -2.2% |
| Furniture and vehicles | 24 | €16,718 | €15,754 | -€964 | -5.8% |
| Current assets | 29/58 | €30,401 | €41,963 | +€11,562 | +38.0% |
| Amounts receivable within one year | 40/41 | €0 | €3,929 | +€3,929 | |
| Trade receivables | 40 | €0 | €3,929 | +€3,929 | |
| Cash at bank and in hand | 54/58 | €30,401 | €38,033 | +€7,633 | +25.1% |
| Total equity and liabilities | 10/49 | €328,040 | €332,491 | +€4,450 | +1.4% |
| Equity | 10/15 | €4,397 | €7,683 | +€3,286 | +74.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,603 | -€92,317 | +€3,286 | +3.4% |
| Amounts payable | 17/49 | €323,643 | €324,808 | +€1,165 | +0.4% |
| Amounts payable within one year | 42/48 | €323,643 | €324,808 | +€1,165 | +0.4% |
| Trade debts | 44 | €1,018 | €2,182 | +€1,165 | +114.4% |
| Suppliers | 440/4 | €1,018 | €2,182 | +€1,165 | +114.4% |
| Other amounts payable | 47/48 | €322,626 | €322,626 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,991 | €7,112 | +€121 | +1.7% |
| Other operating charges | 640/8 | €3,641 | €3,747 | +€107 | +2.9% |
| Gross operating margin | 9900 | €19,091 | €14,202 | -€4,889 | -25.6% |
| Operating profit (loss) | 9901 | €8,459 | €3,343 | -€5,116 | -60.5% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €30 | €60 | +€30 | +100.0% |
| Recurring financial charges | 65 | €30 | €60 | +€30 | +100.0% |
| Profit (loss) for the period before taxes | 9903 | €8,429 | €3,286 | -€5,143 | -61.0% |
| Profit (loss) for the period | 9904 | €8,429 | €3,286 | -€5,143 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,429 | €3,286 | -€5,143 | -61.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.