QUERO: 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.
QUERO
Largest movements
- Cash -€47,844
down €47,844 (-57.2%), from €83,700 to €35,856
mainly Investment in fixed assets (net) (-€47,533) and Receivables within one year (-€13,480)
- Tangible fixed assets +€42,082
up €42,082 (+2637.1%), from €1,596 to €43,678
of which Furniture and vehicles: +€42,275
- Receivables within one year +€13,480
up €13,480 (+309.0%), from €4,363 to €17,843
of which Trade receivables: +€15,620
- Reserves +€8,256
up €8,256 (+13.3%), from €62,156 to €70,411
of which Distributable reserves: +€8,256
- Tax, wage and social debts -€1,338
down €1,338 (-13.4%), from €9,955 to €8,617
- Turnover +€6,683
up €6,683 (+16.5%), from €40,596 to €47,279
- Purchases and services +€4,567
up €4,567 (+33.7%), from €13,569 to €18,137
- Depreciation +€4,488
up €4,488 (+466.2%), from €963 to €5,451
- Taxes -€1,507
down €1,507 (-16.9%), from €8,911 to €7,403
- Gross operating margin +€1,175
up €1,175 (+4.2%), from €27,968 to €29,143
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 | €89,658 | €97,376 | +€7,718 | +8.6% |
| Fixed assets | 21/28 | €1,596 | €43,678 | +€42,082 | +2637.1% |
| Tangible fixed assets | 22/27 | €1,596 | €43,678 | +€42,082 | +2637.1% |
| Plant, machinery and equipment | 23 | €540 | €347 | -€193 | -35.7% |
| Furniture and vehicles | 24 | €1,056 | €43,331 | +€42,275 | +4002.7% |
| Current assets | 29/58 | €88,062 | €53,699 | -€34,364 | -39.0% |
| Amounts receivable within one year | 40/41 | €4,363 | €17,843 | +€13,480 | +309.0% |
| Trade receivables | 40 | €2,223 | €17,843 | +€15,620 | +702.6% |
| Other amounts receivable | 41 | €2,140 | - | -€2,140 | |
| Cash at bank and in hand | 54/58 | €83,700 | €35,856 | -€47,844 | -57.2% |
| Total equity and liabilities | 10/49 | €89,658 | €97,376 | +€7,718 | +8.6% |
| Equity | 10/15 | €79,703 | €87,959 | +€8,256 | +10.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €62,156 | €70,411 | +€8,256 | +13.3% |
| Non-distributable reserves | 130/1 | €2,588 | €2,588 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,588 | €2,588 | = | 0.0% |
| Distributable reserves | 133 | €59,567 | €67,823 | +€8,256 | +13.9% |
| Profit (loss) carried forward | 14 | €5,148 | €5,148 | = | 0.0% |
| Amounts payable | 17/49 | €9,955 | €9,417 | -€538 | -5.4% |
| Amounts payable within one year | 42/48 | €9,955 | €9,417 | -€538 | -5.4% |
| Trade debts | 44 | - | €411 | +€411 | |
| Suppliers | 440/4 | - | €411 | +€411 | |
| Taxes, remuneration and social security | 45 | €9,955 | €8,617 | -€1,338 | -13.4% |
| Taxes | 450/3 | €9,955 | €8,617 | -€1,338 | -13.4% |
| Other amounts payable | 47/48 | - | €389 | +€389 | |
| Turnover | 70 | €40,596 | €47,279 | +€6,683 | +16.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €13,569 | €18,137 | +€4,567 | +33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €963 | €5,451 | +€4,488 | +466.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€135 | -€135 | |
| Other operating charges | 640/8 | €384 | €1,529 | +€1,145 | +297.8% |
| Gross operating margin | 9900 | €27,968 | €29,143 | +€1,175 | +4.2% |
| Operating profit (loss) | 9901 | €26,621 | €22,298 | -€4,323 | -16.2% |
| Financial charges | 65/66B | €201 | €544 | +€343 | +170.9% |
| Recurring financial charges | 65 | €201 | €544 | +€343 | +170.9% |
| Profit (loss) for the period before taxes | 9903 | €26,420 | €21,754 | -€4,666 | -17.7% |
| Income taxes | 67/77 | €8,911 | €7,403 | -€1,507 | -16.9% |
| Profit (loss) for the period | 9904 | €17,509 | €14,351 | -€3,158 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,509 | €14,351 | -€3,158 | -18.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.