Questi: 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.
Questi
Largest movements
- Receivables within one year +€456,857
up €456,857 (+135.3%), from €337,626 to €794,482
of which Other amounts receivable: +€350,000
- Cash -€66,404
down €66,404 (-21.7%), from €306,380 to €239,976
mainly Receivables within one year (-€456,857) and Investment in fixed assets (net) (-€26,802)
- Intangible fixed assets -€25,044
down €25,044 (-70.1%), from €35,737 to €10,692
- Debts after one year +€285,755
new in 2025: €285,755
- Other debts +€32,800
up €32,800 (+129.0%), from €25,430 to €58,230
- Tax, wage and social debts +€23,271
up €23,271 (+17.6%), from €132,103 to €155,373
of which Taxes: +€68,052
- Profit (loss) carried forward +€13,643
new in 2025: €13,643
- Gross operating margin +€72,794
up €72,794 (+9.7%), from €753,960 to €826,754
- Financial charges +€10,981
up €10,981 (+599.9%), from €1,830 to €12,811
- Depreciation -€10,976
down €10,976 (-19.5%), from €56,288 to €45,312
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 | €914,548 | €1,282,838 | +€368,290 | +40.3% |
| Fixed assets | 21/28 | €83,797 | €65,287 | -€18,510 | -22.1% |
| Intangible fixed assets | 21 | €35,737 | €10,692 | -€25,044 | -70.1% |
| Tangible fixed assets | 22/27 | €46,748 | €53,282 | +€6,534 | +14.0% |
| Plant, machinery and equipment | 23 | €1,136 | €757 | -€379 | -33.3% |
| Furniture and vehicles | 24 | €45,612 | €52,525 | +€6,913 | +15.2% |
| Financial fixed assets | 28 | €1,313 | €1,313 | -€0 | 0.0% |
| Current assets | 29/58 | €830,751 | €1,217,551 | +€386,800 | +46.6% |
| Amounts receivable within one year | 40/41 | €337,626 | €794,482 | +€456,857 | +135.3% |
| Trade receivables | 40 | €336,764 | €443,620 | +€106,857 | +31.7% |
| Other amounts receivable | 41 | €862 | €350,862 | +€350,000 | +40603.7% |
| Current investments | 50/53 | €161,598 | €161,598 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €306,380 | €239,976 | -€66,404 | -21.7% |
| Deferred charges and accrued income | 490/1 | €25,148 | €21,495 | -€3,653 | -14.5% |
| Total equity and liabilities | 10/49 | €914,548 | €1,282,838 | +€368,290 | +40.3% |
| Equity | 10/15 | €567,841 | €581,485 | +€13,643 | +2.4% |
| Contributions | 10/11 | €363,988 | €363,988 | = | 0.0% |
| Outside capital | 11 | €363,988 | €363,988 | = | 0.0% |
| Other | 1109/19 | €363,988 | €363,988 | = | 0.0% |
| Reserves | 13 | €203,853 | €203,853 | = | 0.0% |
| Non-distributable reserves | 130/1 | €161,598 | €161,598 | = | 0.0% |
| Own shares acquired | 1312 | €161,598 | €161,598 | = | 0.0% |
| Distributable reserves | 133 | €42,255 | €42,255 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €13,643 | +€13,643 | |
| Amounts payable | 17/49 | €346,707 | €701,353 | +€354,646 | +102.3% |
| Amounts payable after more than one year | 17 | - | €285,755 | +€285,755 | |
| Financial debts | 170/4 | - | €285,755 | +€285,755 | |
| Amounts payable within one year | 42/48 | €336,251 | €414,060 | +€77,809 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €43,449 | €53,801 | +€10,352 | +23.8% |
| Trade debts | 44 | €135,269 | €146,657 | +€11,387 | +8.4% |
| Suppliers | 440/4 | €135,269 | €146,657 | +€11,387 | +8.4% |
| Taxes, remuneration and social security | 45 | €132,103 | €155,373 | +€23,271 | +17.6% |
| Taxes | 450/3 | €31,666 | €99,718 | +€68,052 | +214.9% |
| Remuneration and social security | 454/9 | €100,437 | €55,655 | -€44,782 | -44.6% |
| Other amounts payable | 47/48 | €25,430 | €58,230 | +€32,800 | +129.0% |
| Accrued charges and deferred income | 492/3 | €10,455 | €1,538 | -€8,918 | -85.3% |
| Remuneration, social security and pensions | 62 | €751,052 | €753,395 | +€2,343 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,288 | €45,312 | -€10,976 | -19.5% |
| Other operating charges | 640/8 | €2,122 | €2,902 | +€780 | +36.8% |
| Gross operating margin | 9900 | €753,960 | €826,754 | +€72,794 | +9.7% |
| Operating profit (loss) | 9901 | -€55,501 | €25,145 | +€80,646 | |
| Financial income | 75/76B | €4,154 | €1,309 | -€2,845 | -68.5% |
| Recurring financial income | 75 | €4,154 | €1,309 | -€2,845 | -68.5% |
| Financial charges | 65/66B | €1,830 | €12,811 | +€10,981 | +599.9% |
| Recurring financial charges | 65 | €1,830 | €12,811 | +€10,981 | +599.9% |
| Profit (loss) for the period before taxes | 9903 | -€53,177 | €13,643 | +€66,821 | |
| Income taxes | 67/77 | €2,491 | - | -€2,491 | |
| Profit (loss) for the period | 9904 | -€55,668 | €13,643 | +€69,311 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,668 | €13,643 | +€69,311 |
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 4 October 2026 via checked.be.