QUEST REAL ESTATE: 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 REAL ESTATE
Largest movements
- Cash -€156,165
down €156,165 (-41.2%), from €379,466 to €223,301
mainly Trade debts (-€146,951) and Other debts (-€27,567)
- Receivables within one year -€16,612
down €16,612 (-58.7%), from €28,318 to €11,706
of which Trade receivables: -€13,710
- Trade debts -€146,951
down €146,951 (-76.1%), from €193,205 to €46,253
- Other debts -€27,567
down €27,567 (-62.5%), from €44,087 to €16,520
- Gross operating margin -€5,547
down €5,547 (-28.7%), from €19,311 to €13,764
- Financial income -€691
down €691 (-94.2%), from €734 to €43
- Taxes -€582
no longer reported in 2025 (was €582)
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 | €488,082 | €311,019 | -€177,063 | -36.3% |
| Fixed assets | 21/28 | €80,298 | €76,012 | -€4,286 | -5.3% |
| Tangible fixed assets | 22/27 | €79,398 | €75,112 | -€4,286 | -5.4% |
| Land and buildings | 22 | €77,103 | €73,391 | -€3,713 | -4.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €2,295 | €1,721 | -€574 | -25.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €407,785 | €235,007 | -€172,777 | -42.4% |
| Amounts receivable within one year | 40/41 | €28,318 | €11,706 | -€16,612 | -58.7% |
| Trade receivables | 40 | €16,228 | €2,519 | -€13,710 | -84.5% |
| Other amounts receivable | 41 | €12,090 | €9,187 | -€2,903 | -24.0% |
| Cash at bank and in hand | 54/58 | €379,466 | €223,301 | -€156,165 | -41.2% |
| Total equity and liabilities | 10/49 | €488,082 | €311,019 | -€177,063 | -36.3% |
| Equity | 10/15 | €250,428 | €247,338 | -€3,090 | -1.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €188,428 | €185,338 | -€3,090 | -1.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,322 | €19,322 | = | 0.0% |
| Distributable reserves | 133 | €162,906 | €159,816 | -€3,090 | -1.9% |
| Amounts payable | 17/49 | €237,654 | €63,681 | -€173,974 | -73.2% |
| Amounts payable within one year | 42/48 | €237,654 | €63,681 | -€173,974 | -73.2% |
| Trade debts | 44 | €193,205 | €46,253 | -€146,951 | -76.1% |
| Suppliers | 440/4 | €193,205 | €46,253 | -€146,951 | -76.1% |
| Taxes, remuneration and social security | 45 | €363 | €907 | +€545 | +150% |
| Taxes | 450/3 | €363 | €907 | +€545 | +150% |
| Other amounts payable | 47/48 | €44,087 | €16,520 | -€27,567 | -62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,138 | €4,286 | +€148 | +3.6% |
| Other operating charges | 640/8 | €2,033 | €2,009 | -€24 | -1.2% |
| Gross operating margin | 9900 | €19,311 | €13,764 | -€5,547 | -28.7% |
| Operating profit (loss) | 9901 | €13,140 | €7,469 | -€5,671 | -43.2% |
| Financial income | 75/76B | €734 | €43 | -€691 | -94.2% |
| Recurring financial income | 75 | €734 | €43 | -€691 | -94.2% |
| Financial charges | 65/66B | €669 | €601 | -€68 | -10.1% |
| Recurring financial charges | 65 | €669 | €601 | -€68 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €13,205 | €6,910 | -€6,295 | -47.7% |
| Income taxes | 67/77 | €582 | - | -€582 | |
| Profit (loss) for the period | 9904 | €12,623 | €6,910 | -€5,713 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,623 | €6,910 | -€5,713 | -45.3% |
Source: filed annual accounts (NBB), financial years ended 1 July 2024 and 1 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.