QUEZACO: what changed
QUEZACO
Largest movements
- Receivables within one year +€50,920
up €50,920 (+132%), from €38,646 to €89,566
of which Trade receivables: +€34,908
- Cash -€20,697
down €20,697 (-20.2%), from €102,260 to €81,563
mainly Receivables within one year (-€50,920) and Tax, wage and social debts (-€10,453)
- Reserves +€38,000
up €38,000 (+45.0%), from €84,360 to €122,360
of which Distributable reserves: +€38,000
- Tax, wage and social debts -€10,453
down €10,453 (-30.6%), from €34,131 to €23,678
- Gross operating margin +€3,183
up €3,183 (+6.2%), from €51,139 to €54,322
- Other operating charges +€1,357
up €1,357 (+100%), from €1,352 to €2,709
- Financial income +€1,335
up €1,335 (+21.8%), from €6,125 to €7,460
- Depreciation +€983
up €983 (+52.4%), from €1,875 to €2,858
- Taxes +€914
up €914 (+5.7%), from €15,958 to €16,872
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,038 | €335,355 | +€30,317 | +9.9% |
| Fixed assets | 21/28 | €2,500 | €2,594 | +€94 | +3.8% |
| Tangible fixed assets | 22/27 | €2,500 | €2,594 | +€94 | +3.8% |
| Furniture and vehicles | 24 | €2,500 | €2,594 | +€94 | +3.8% |
| Current assets | 29/58 | €302,538 | €332,761 | +€30,223 | +10.0% |
| Amounts receivable after more than one year | 29 | €160,000 | €160,000 | = | 0.0% |
| Other amounts receivable | 291 | €160,000 | €160,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,646 | €89,566 | +€50,920 | +132% |
| Trade receivables | 40 | €1,474 | €36,382 | +€34,908 | +2,368% |
| Other amounts receivable | 41 | €37,172 | €53,184 | +€16,012 | +43.1% |
| Cash at bank and in hand | 54/58 | €102,260 | €81,563 | -€20,697 | -20.2% |
| Deferred charges and accrued income | 490/1 | €1,632 | €1,632 | = | 0.0% |
| Total equity and liabilities | 10/49 | €305,038 | €335,355 | +€30,317 | +9.9% |
| Equity | 10/15 | €269,018 | €308,076 | +€39,058 | +14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €84,360 | €122,360 | +€38,000 | +45.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €82,500 | €120,500 | +€38,000 | +46.1% |
| Profit (loss) carried forward | 14 | €166,058 | €167,116 | +€1,058 | +0.6% |
| Amounts payable | 17/49 | €36,020 | €27,279 | -€8,741 | -24.3% |
| Amounts payable within one year | 42/48 | €34,131 | €23,678 | -€10,453 | -30.6% |
| Taxes, remuneration and social security | 45 | €34,131 | €23,678 | -€10,453 | -30.6% |
| Taxes | 450/3 | €34,131 | €23,678 | -€10,453 | -30.6% |
| Accrued charges and deferred income | 492/3 | €1,889 | €3,601 | +€1,711 | +90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,875 | €2,858 | +€983 | +52.4% |
| Other operating charges | 640/8 | €1,352 | €2,709 | +€1,357 | +100% |
| Gross operating margin | 9900 | €51,139 | €54,322 | +€3,183 | +6.2% |
| Operating profit (loss) | 9901 | €47,912 | €48,755 | +€843 | +1.8% |
| Financial income | 75/76B | €6,125 | €7,460 | +€1,335 | +21.8% |
| Recurring financial income | 75 | €6,125 | €7,460 | +€1,335 | +21.8% |
| Financial charges | 65/66B | €319 | €285 | -€35 | -10.8% |
| Recurring financial charges | 65 | €319 | €285 | -€35 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €53,718 | €55,930 | +€2,213 | +4.1% |
| Income taxes | 67/77 | €15,958 | €16,872 | +€914 | +5.7% |
| Profit (loss) for the period | 9904 | €37,760 | €39,058 | +€1,298 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,760 | €39,058 | +€1,298 | +3.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.