QUID PRO QUO: 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.
QUID PRO QUO
Largest movements
- Current investments +€12,288
up €12,288 (+20.4%), from €60,245 to €72,534
- Tangible fixed assets -€10,725
down €10,725 (-5.9%), from €182,292 to €171,567
of which Land and buildings: -€6,901
- Cash +€6,682
up €6,682 (+3.0%), from €219,137 to €225,818
mainly Net result for the year (+€81,623) and Other debts (+€17,413)
- Other debts +€17,413
up €17,413 (+22.5%), from €77,559 to €94,972
- Tax, wage and social debts -€10,683
down €10,683 (-48.2%), from €22,179 to €11,496
of which Taxes: -€8,183
- Reserves +€7,576
up €7,576 (+2.2%), from €344,992 to €352,568
- Gross operating margin -€15,351
down €15,351 (-9.9%), from €154,642 to €139,290
- Taxes -€4,618
down €4,618 (-11.5%), from €40,237 to €35,619
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.
Derived cash bridge
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 | €526,740 | €538,847 | +€12,107 | +2.3% |
| Fixed assets | 21/28 | €182,292 | €171,567 | -€10,725 | -5.9% |
| Tangible fixed assets | 22/27 | €182,292 | €171,567 | -€10,725 | -5.9% |
| Land and buildings | 22 | €172,038 | €165,137 | -€6,901 | -4.0% |
| Plant, machinery and equipment | 23 | €962 | €1,539 | +€577 | +60.0% |
| Furniture and vehicles | 24 | €5,951 | €2,911 | -€3,040 | -51.1% |
| Other tangible fixed assets | 26 | €3,342 | €1,981 | -€1,361 | -40.7% |
| Current assets | 29/58 | €344,448 | €367,280 | +€22,832 | +6.6% |
| Amounts receivable within one year | 40/41 | €63,992 | €67,880 | +€3,888 | +6.1% |
| Trade receivables | 40 | €62,310 | €63,594 | +€1,284 | +2.1% |
| Other amounts receivable | 41 | €1,682 | €4,286 | +€2,604 | +155% |
| Current investments | 50/53 | €60,245 | €72,534 | +€12,288 | +20.4% |
| Cash at bank and in hand | 54/58 | €219,137 | €225,818 | +€6,682 | +3.0% |
| Deferred charges and accrued income | 490/1 | €1,073 | €1,048 | -€26 | -2.4% |
| Total equity and liabilities | 10/49 | €526,740 | €538,847 | +€12,107 | +2.3% |
| Equity | 10/15 | €344,992 | €352,568 | +€7,576 | +2.2% |
| Reserves | 13 | €344,992 | €352,568 | +€7,576 | +2.2% |
| Distributable reserves | 133 | €344,992 | €352,568 | +€7,576 | +2.2% |
| Amounts payable | 17/49 | €181,748 | €186,279 | +€4,531 | +2.5% |
| Amounts payable after more than one year | 17 | €70,000 | €70,000 | = | 0.0% |
| Other amounts payable | 178/9 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €103,170 | €110,623 | +€7,452 | +7.2% |
| Trade debts | 44 | €3,433 | €4,155 | +€722 | +21.0% |
| Suppliers | 440/4 | €3,433 | €4,155 | +€722 | +21.0% |
| Taxes, remuneration and social security | 45 | €22,179 | €11,496 | -€10,683 | -48.2% |
| Taxes | 450/3 | €19,679 | €11,496 | -€8,183 | -41.6% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €77,559 | €94,972 | +€17,413 | +22.5% |
| Accrued charges and deferred income | 492/3 | €8,577 | €5,656 | -€2,921 | -34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,806 | €12,622 | -€184 | -1.4% |
| Other operating charges | 640/8 | €3,585 | €3,834 | +€249 | +6.9% |
| Gross operating margin | 9900 | €154,642 | €139,290 | -€15,351 | -9.9% |
| Operating profit (loss) | 9901 | €138,251 | €122,835 | -€15,416 | -11.2% |
| Financial income | 75/76B | €276 | €419 | +€143 | +51.7% |
| Recurring financial income | 75 | €276 | €419 | +€143 | +51.7% |
| Financial charges | 65/66B | €6,846 | €6,012 | -€834 | -12.2% |
| Recurring financial charges | 65 | €6,846 | €6,012 | -€834 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €131,682 | €117,243 | -€14,439 | -11.0% |
| Income taxes | 67/77 | €40,237 | €35,619 | -€4,618 | -11.5% |
| Profit (loss) for the period | 9904 | €91,445 | €81,623 | -€9,821 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €91,445 | €81,623 | -€9,821 | -10.7% |
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 26 October 2026 via checked.be.