QUID ?: what changed
What changed
QUID ?
filed annual accounts (NBB)
Net result for the year
€367
2024 · €13,069-€12,702
Equity
€196,479
2024 · €196,111+€367
Cash
€6,321
2024 · €1,101+€5,220
Balance sheet total
€718,380
2024 · €470,858+€247,522
Largest movements
Assets
- Receivables within one year +€450,000
new in 2025: €450,000
- Stocks and contracts -€207,698
down €207,698 (-94.3%), from €220,198 to €12,500
Equity and liabilities
- Short-term financial debts +€244,000
up €244,000 (+244%), from €100,000 to €344,000
- Other debts +€42,178
up €42,178 (+48.5%), from €86,876 to €129,054
- Current portion of long-term debt -€29,568
no longer reported in 2025 (was €29,568)
Income statement
- Gross operating margin -€21,307
down €21,307 (-71.4%), from €29,851 to €8,545
- Other operating charges -€5,637
down €5,637 (-82.4%), from €6,837 to €1,200
- Taxes -€4,762
down €4,762 (-97.3%), from €4,895 to €134
- Financial charges +€1,795
up €1,795 (+35.5%), from €5,049 to €6,844
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.
Result 2024
€13,069
Gross operating margin
-€21,307
Other operating charges
+€5,637
Financial charges
-€1,795
Taxes
+€4,762
Result 2025
€367
raises the resultlowers the result
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.
From operations
-€209,213
Investment
€0
Financing
+€214,432
Cash 2024
€1,101
From operations (derived)
-€209,213
Net result for the year
+€367
Stocks and contracts
+€207,698
Receivables within one year
-€450,000
Trade debts
-€4,943
Tax, wage and social debts
-€4,355
Other debts
+€42,178
Accrued charges and deferred income
-€157
Financing
+€214,432
Current portion of long-term debt
-€29,568
Short-term financial debts
+€244,000
Cash 2025
€6,321
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €470,858 | €718,380 | +€247,522 | +52.6% |
| Fixed assets | 21/28 | €249,559 | €249,559 | = | 0.0% |
| Tangible fixed assets | 22/27 | €249,559 | €249,559 | = | 0.0% |
| Land and buildings | 22 | €249,559 | €249,559 | = | 0.0% |
| Current assets | 29/58 | €221,299 | €468,821 | +€247,522 | +112% |
| Stocks and contracts in progress | 3 | €220,198 | €12,500 | -€207,698 | -94.3% |
| Stocks | 30/36 | €220,198 | €12,500 | -€207,698 | -94.3% |
| Amounts receivable within one year | 40/41 | - | €450,000 | +€450,000 | |
| Other amounts receivable | 41 | - | €450,000 | +€450,000 | |
| Cash at bank and in hand | 54/58 | €1,101 | €6,321 | +€5,220 | +474% |
| Total equity and liabilities | 10/49 | €470,858 | €718,380 | +€247,522 | +52.6% |
| Equity | 10/15 | €196,111 | €196,479 | +€367 | +0.2% |
| Contributions | 10/11 | €6,321 | €6,321 | = | 0.0% |
| Reserves | 13 | €189,790 | €190,157 | +€367 | +0.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €187,931 | €188,298 | +€367 | +0.2% |
| Amounts payable | 17/49 | €274,746 | €521,901 | +€247,155 | +90.0% |
| Amounts payable after more than one year | 17 | €18,721 | €18,721 | = | 0.0% |
| Financial debts | 170/4 | €18,721 | €18,721 | = | 0.0% |
| Amounts payable within one year | 42/48 | €254,887 | €502,199 | +€247,312 | +97.0% |
| Current portion of amounts payable after more than one year | 42 | €29,568 | - | -€29,568 | |
| Financial debts | 43 | €100,000 | €344,000 | +€244,000 | +244% |
| Credit institutions | 430/8 | €100,000 | €344,000 | +€244,000 | +244% |
| Trade debts | 44 | €29,059 | €24,116 | -€4,943 | -17.0% |
| Suppliers | 440/4 | €29,059 | €24,116 | -€4,943 | -17.0% |
| Taxes, remuneration and social security | 45 | €9,384 | €5,029 | -€4,355 | -46.4% |
| Taxes | 450/3 | €9,384 | €5,029 | -€4,355 | -46.4% |
| Other amounts payable | 47/48 | €86,876 | €129,054 | +€42,178 | +48.5% |
| Accrued charges and deferred income | 492/3 | €1,139 | €982 | -€157 | -13.8% |
| Other operating charges | 640/8 | €6,837 | €1,200 | -€5,637 | -82.4% |
| Gross operating margin | 9900 | €29,851 | €8,545 | -€21,307 | -71.4% |
| Operating profit (loss) | 9901 | €23,014 | €7,345 | -€15,670 | -68.1% |
| Financial charges | 65/66B | €5,049 | €6,844 | +€1,795 | +35.5% |
| Recurring financial charges | 65 | €5,049 | €6,844 | +€1,795 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €17,965 | €501 | -€17,464 | -97.2% |
| Income taxes | 67/77 | €4,895 | €134 | -€4,762 | -97.3% |
| Profit (loss) for the period | 9904 | €13,069 | €367 | -€12,702 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,069 | €367 | -€12,702 | -97.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.