QUEST FOR DIGITAL EXCELLENCE: 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.
QUEST FOR DIGITAL EXCELLENCE
Largest movements
- Cash -€66,214
down €66,214 (-91.6%), from €72,277 to €6,063
mainly Net result for the year (-€66,505) and Receivables within one year (-€6,971)
- Receivables within one year +€6,971
up €6,971 (+28.3%), from €24,604 to €31,575
of which Trade receivables: +€7,985
- Tangible fixed assets -€3,018
down €3,018 (-9.6%), from €31,480 to €28,462
of which Other tangible fixed assets: -€1,753
- Profit (loss) carried forward -€66,505
down €66,505 (-64.6%), from €102,885 to €36,380
- Tax, wage and social debts +€5,113
up €5,113 (+31.6%), from €16,197 to €21,310
of which Remuneration and social security: +€3,500
- Other debts -€1,698
down €1,698 (-90.6%), from €1,874 to €177
- Gross operating margin -€68,593
down €68,593, from €12,916 to -€55,678
- Taxes -€2,547
down €2,547 (-91.9%), from €2,771 to €225
- Depreciation +€1,093
up €1,093 (+20.7%), from €5,270 to €6,363
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 | €129,323 | €66,860 | -€62,463 | -48.3% |
| Fixed assets | 21/28 | €31,480 | €28,732 | -€2,748 | -8.7% |
| Tangible fixed assets | 22/27 | €31,480 | €28,462 | -€3,018 | -9.6% |
| Furniture and vehicles | 24 | €4,212 | €2,947 | -€1,265 | -30.0% |
| Other tangible fixed assets | 26 | €27,268 | €25,516 | -€1,753 | -6.4% |
| Financial fixed assets | 28 | €0 | €270 | +€270 | |
| Current assets | 29/58 | €97,843 | €38,128 | -€59,715 | -61.0% |
| Amounts receivable within one year | 40/41 | €24,604 | €31,575 | +€6,971 | +28.3% |
| Trade receivables | 40 | €23,475 | €31,460 | +€7,985 | +34.0% |
| Other amounts receivable | 41 | €1,129 | €115 | -€1,013 | -89.8% |
| Cash at bank and in hand | 54/58 | €72,277 | €6,063 | -€66,214 | -91.6% |
| Deferred charges and accrued income | 490/1 | €962 | €489 | -€473 | -49.1% |
| Total equity and liabilities | 10/49 | €129,323 | €66,860 | -€62,463 | -48.3% |
| Equity | 10/15 | €110,945 | €44,440 | -€66,505 | -59.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,885 | €36,380 | -€66,505 | -64.6% |
| Amounts payable | 17/49 | €18,378 | €22,420 | +€4,042 | +22.0% |
| Amounts payable within one year | 42/48 | €18,378 | €22,420 | +€4,042 | +22.0% |
| Trade debts | 44 | €307 | €933 | +€627 | +204% |
| Suppliers | 440/4 | €307 | €933 | +€627 | +204% |
| Taxes, remuneration and social security | 45 | €16,197 | €21,310 | +€5,113 | +31.6% |
| Taxes | 450/3 | €16,197 | €17,810 | +€1,613 | +10.0% |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €1,874 | €177 | -€1,698 | -90.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €6,100 | €0 | -€6,100 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,270 | €6,363 | +€1,093 | +20.7% |
| Other operating charges | 640/8 | €863 | €724 | -€138 | -16.0% |
| Gross operating margin | 9900 | €12,916 | -€55,678 | -€68,593 | |
| Operating profit (loss) | 9901 | €6,783 | -€62,765 | -€69,548 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €3,143 | €3,516 | +€372 | +11.9% |
| Recurring financial charges | 65 | €3,143 | €3,516 | +€372 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €3,641 | -€66,280 | -€69,922 | |
| Income taxes | 67/77 | €2,771 | €225 | -€2,547 | -91.9% |
| Profit (loss) for the period | 9904 | €870 | -€66,505 | -€67,375 | |
| Profit (loss) for the period to be appropriated | 9905 | €870 | -€66,505 | -€67,375 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.