QUESNOY: 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.
QUESNOY
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€1.1m
up €1.1m (+91.4%), from €1.2m to €2.3m
- Short-term financial debts -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Profit (loss) carried forward -€60,968
down €60,968 (-43.7%), from -€139,455 to -€200,423
- Gross operating margin +€25,699
up €25,699, from -€84 to €25,615
- Financial charges -€16,193
down €16,193 (-18.0%), from €90,007 to €73,813
- Depreciation -€12,506
down €12,506 (-65.5%), from €19,099 to €6,593
- Other operating charges +€436
up €436 (+7.6%), from €5,740 to €6,176
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 | €2,684,026 | €2,676,209 | -€7,817 | -0.3% |
| Fixed assets | 21/28 | €219,910 | €213,317 | -€6,593 | -3.0% |
| Tangible fixed assets | 22/27 | €219,910 | €213,317 | -€6,593 | -3.0% |
| Land and buildings | 22 | €219,910 | €213,317 | -€6,593 | -3.0% |
| Current assets | 29/58 | €2,464,116 | €2,462,892 | -€1,224 | 0.0% |
| Stocks and contracts in progress | 3 | €2,459,728 | €2,459,728 | = | 0.0% |
| Stocks | 30/36 | €2,459,728 | €2,459,728 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,388 | €3,164 | -€1,224 | -27.9% |
| Total equity and liabilities | 10/49 | €2,684,026 | €2,676,209 | -€7,817 | -0.3% |
| Equity | 10/15 | €242,301 | €181,333 | -€60,968 | -25.2% |
| Contributions | 10/11 | €347,051 | €347,051 | = | 0.0% |
| Capital | 10 | €347,051 | €347,051 | = | 0.0% |
| Issued capital | 100 | €347,051 | €347,051 | = | 0.0% |
| Reserves | 13 | €34,705 | €34,705 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,705 | €34,705 | = | 0.0% |
| Legal reserve | 130 | €34,705 | €34,705 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,455 | -€200,423 | -€60,968 | -43.7% |
| Provisions and deferred taxes | 16 | €25,000 | €0 | -€25,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €0 | -€25,000 | -100.0% |
| Other liabilities and charges | 164/5 | €25,000 | €0 | -€25,000 | -100.0% |
| Amounts payable | 17/49 | €2,416,725 | €2,494,876 | +€78,151 | +3.2% |
| Amounts payable within one year | 42/48 | €2,416,725 | €2,494,876 | +€78,151 | +3.2% |
| Financial debts | 43 | €1,025,000 | €0 | -€1.0m | -100.0% |
| Credit institutions | 430/8 | €1,025,000 | €0 | -€1.0m | -100.0% |
| Trade debts | 44 | €182,815 | €181,000 | -€1,815 | -1.0% |
| Suppliers | 440/4 | €182,815 | €181,000 | -€1,815 | -1.0% |
| Other amounts payable | 47/48 | €1,208,910 | €2,313,876 | +€1.1m | +91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,099 | €6,593 | -€12,506 | -65.5% |
| Other operating charges | 640/8 | €5,740 | €6,176 | +€436 | +7.6% |
| Gross operating margin | 9900 | -€84 | €25,615 | +€25,699 | |
| Operating profit (loss) | 9901 | -€24,923 | €12,846 | +€37,769 | |
| Financial charges | 65/66B | €90,007 | €73,813 | -€16,193 | -18.0% |
| Recurring financial charges | 65 | €90,007 | €73,813 | -€16,193 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | -€114,930 | -€60,968 | +€53,962 | +47.0% |
| Profit (loss) for the period | 9904 | -€114,930 | -€60,968 | +€53,962 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€114,930 | -€60,968 | +€53,962 | +47.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.