Questae: 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.
Questae
Largest movements
- Tangible fixed assets -€185,279
down €185,279 (-12.9%), from €1.4m to €1.2m
of which Land and buildings: -€174,949
- Cash +€79,277
up €79,277 (+332.6%), from €23,833 to €103,110
mainly Investment in fixed assets (net) (+€155,083) and Net result for the year (+€132,663)
- Receivables within one year +€63,483
up €63,483 (+25.4%), from €249,996 to €313,479
of which Trade receivables: +€58,678
- Current investments +€23,977
up €23,977 (+22.6%), from €105,935 to €129,912
- Debts after one year -€143,239
down €143,239 (-13.1%), from €1.1m to €950,732
- Reserves +€132,663
up €132,663 (+48.2%), from €275,107 to €407,770
of which Distributable reserves: +€132,663
- Other debts -€114,554
down €114,554 (-63.1%), from €181,551 to €66,997
- Tax, wage and social debts +€51,567
up €51,567 (+245.6%), from €20,996 to €72,562
- Trade debts +€42,303
up €42,303 (+107.5%), from €39,338 to €81,641
- Gross operating margin +€179,544
up €179,544 (+153.7%), from €116,812 to €296,357
- Taxes +€56,636
up €56,636 (+1253.0%), from €4,520 to €61,156
- Depreciation -€29,523
down €29,523 (-46.2%), from €63,968 to €34,446
- Financial charges +€20,404
up €20,404 (+62.3%), from €32,727 to €53,131
- Other operating charges +€3,615
up €3,615 (+47.7%), from €7,576 to €11,191
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 | €1,828,173 | €1,805,381 | -€22,792 | -1.2% |
| Fixed assets | 21/28 | €1,448,409 | €1,258,880 | -€189,529 | -13.1% |
| Tangible fixed assets | 22/27 | €1,431,659 | €1,246,380 | -€185,279 | -12.9% |
| Land and buildings | 22 | €1,398,733 | €1,223,784 | -€174,949 | -12.5% |
| Plant, machinery and equipment | 23 | €3,455 | €3,455 | = | 0.0% |
| Furniture and vehicles | 24 | €29,471 | €19,142 | -€10,330 | -35.0% |
| Financial fixed assets | 28 | €16,750 | €12,500 | -€4,250 | -25.4% |
| Current assets | 29/58 | €379,764 | €546,501 | +€166,737 | +43.9% |
| Amounts receivable within one year | 40/41 | €249,996 | €313,479 | +€63,483 | +25.4% |
| Trade receivables | 40 | €243,916 | €302,594 | +€58,678 | +24.1% |
| Other amounts receivable | 41 | €6,079 | €10,884 | +€4,805 | +79.0% |
| Current investments | 50/53 | €105,935 | €129,912 | +€23,977 | +22.6% |
| Cash at bank and in hand | 54/58 | €23,833 | €103,110 | +€79,277 | +332.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,828,173 | €1,805,381 | -€22,792 | -1.2% |
| Equity | 10/15 | €281,307 | €413,970 | +€132,663 | +47.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €275,107 | €407,770 | +€132,663 | +48.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €273,247 | €405,910 | +€132,663 | +48.6% |
| Amounts payable | 17/49 | €1,546,866 | €1,391,412 | -€155,454 | -10.0% |
| Amounts payable after more than one year | 17 | €1,093,971 | €950,732 | -€143,239 | -13.1% |
| Financial debts | 170/4 | €1,093,971 | €950,732 | -€143,239 | -13.1% |
| Amounts payable within one year | 42/48 | €315,784 | €304,537 | -€11,247 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €73,900 | €74,748 | +€848 | +1.1% |
| Financial debts | 43 | €0 | €8,589 | +€8,589 | |
| Credit institutions | 430/8 | €0 | €8,589 | +€8,589 | |
| Trade debts | 44 | €39,338 | €81,641 | +€42,303 | +107.5% |
| Suppliers | 440/4 | €39,338 | €81,641 | +€42,303 | +107.5% |
| Taxes, remuneration and social security | 45 | €20,996 | €72,562 | +€51,567 | +245.6% |
| Taxes | 450/3 | €20,996 | €72,562 | +€51,567 | +245.6% |
| Other amounts payable | 47/48 | €181,551 | €66,997 | -€114,554 | -63.1% |
| Accrued charges and deferred income | 492/3 | €137,111 | €136,143 | -€968 | -0.7% |
| Remuneration, social security and pensions | 62 | €448 | €272 | -€176 | -39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,968 | €34,446 | -€29,523 | -46.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €3,500 | +€3,500 | |
| Other operating charges | 640/8 | €7,576 | €11,191 | +€3,615 | +47.7% |
| Gross operating margin | 9900 | €116,812 | €296,357 | +€179,544 | +153.7% |
| Operating profit (loss) | 9901 | €44,821 | €246,949 | +€202,128 | +451.0% |
| Financial income | 75/76B | €28 | €1 | -€27 | -95.7% |
| Recurring financial income | 75 | €28 | €1 | -€27 | -95.7% |
| Financial charges | 65/66B | €32,727 | €53,131 | +€20,404 | +62.3% |
| Recurring financial charges | 65 | €32,727 | €53,131 | +€20,404 | +62.3% |
| Profit (loss) for the period before taxes | 9903 | €12,122 | €193,819 | +€181,697 | +1498.9% |
| Income taxes | 67/77 | €4,520 | €61,156 | +€56,636 | +1253.0% |
| Profit (loss) for the period | 9904 | €7,602 | €132,663 | +€125,061 | +1645.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,602 | €132,663 | +€125,061 | +1645.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.