QUEST2: 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.
QUEST2
Largest movements
- Receivables within one year +€17,365
up €17,365 (+125.0%), from €13,887 to €31,252
of which Trade receivables: +€16,050
- Tangible fixed assets -€2,295
down €2,295 (-52.5%), from €4,375 to €2,080
- Cash -€1,745
down €1,745 (-1.8%), from €97,896 to €96,151
mainly Contributions, distributions and other (-€71,446) and Receivables within one year (-€17,365)
- Reserves -€71,446
down €71,446 (-60.0%), from €119,169 to €47,722
of which Distributable reserves: -€71,446
- Other debts +€71,446
new in 2025: €71,446
- Trade debts +€12,546
new in 2025: €12,546
- Profit (loss) carried forward +€4,447
up €4,447 (+17.2%), from -€25,796 to -€21,349
- Tax, wage and social debts -€4,233
down €4,233 (-40.8%), from €10,385 to €6,152
of which Taxes: -€4,209
- Gross operating margin +€10,353
up €10,353 (+564.9%), from €1,832 to €12,185
- Taxes +€1,716
up €1,716 (+159.6%), from €1,075 to €2,791
- Financial charges -€654
down €654 (-17.8%), from €3,670 to €3,016
- Other operating charges -€582
down €582 (-77.4%), from €751 to €170
- Financial income +€285
up €285 (+115.0%), from €248 to €533
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 | €116,158 | €129,483 | +€13,325 | +11.5% |
| Fixed assets | 21/28 | €4,375 | €2,080 | -€2,295 | -52.5% |
| Tangible fixed assets | 22/27 | €4,375 | €2,080 | -€2,295 | -52.5% |
| Furniture and vehicles | 24 | €4,375 | €2,080 | -€2,295 | -52.5% |
| Current assets | 29/58 | €111,783 | €127,402 | +€15,620 | +14.0% |
| Amounts receivable within one year | 40/41 | €13,887 | €31,252 | +€17,365 | +125.0% |
| Trade receivables | 40 | €3,703 | €19,752 | +€16,050 | +433.5% |
| Other amounts receivable | 41 | €10,185 | €11,500 | +€1,315 | +12.9% |
| Cash at bank and in hand | 54/58 | €97,896 | €96,151 | -€1,745 | -1.8% |
| Total equity and liabilities | 10/49 | €116,158 | €129,483 | +€13,325 | +11.5% |
| Equity | 10/15 | €105,773 | €38,773 | -€67,000 | -63.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €119,169 | €47,722 | -€71,446 | -60.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €117,309 | €45,862 | -€71,446 | -60.9% |
| Profit (loss) carried forward | 14 | -€25,796 | -€21,349 | +€4,447 | +17.2% |
| Amounts payable | 17/49 | €10,385 | €90,710 | +€80,325 | +773.5% |
| Amounts payable within one year | 42/48 | €10,385 | €90,145 | +€79,760 | +768.0% |
| Trade debts | 44 | - | €12,546 | +€12,546 | |
| Suppliers | 440/4 | - | €12,546 | +€12,546 | |
| Taxes, remuneration and social security | 45 | €10,385 | €6,152 | -€4,233 | -40.8% |
| Taxes | 450/3 | €8,924 | €4,715 | -€4,209 | -47.2% |
| Remuneration and social security | 454/9 | €1,461 | €1,437 | -€24 | -1.6% |
| Other amounts payable | 47/48 | - | €71,446 | +€71,446 | |
| Accrued charges and deferred income | 492/3 | - | €565 | +€565 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,187 | €2,295 | +€108 | +4.9% |
| Other operating charges | 640/8 | €751 | €170 | -€582 | -77.4% |
| Gross operating margin | 9900 | €1,832 | €12,185 | +€10,353 | +564.9% |
| Operating profit (loss) | 9901 | -€1,105 | €9,721 | +€10,826 | |
| Financial income | 75/76B | €248 | €533 | +€285 | +115.0% |
| Recurring financial income | 75 | €248 | €533 | +€285 | +115.0% |
| Financial charges | 65/66B | €3,670 | €3,016 | -€654 | -17.8% |
| Recurring financial charges | 65 | €3,670 | €3,016 | -€654 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,527 | €7,238 | +€11,766 | |
| Income taxes | 67/77 | €1,075 | €2,791 | +€1,716 | +159.6% |
| Profit (loss) for the period | 9904 | -€5,602 | €4,447 | +€10,049 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,602 | €4,447 | +€10,049 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.