QUIDANDO: 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.
QUIDANDO
Largest movements
- Receivables within one year +€352,778
up €352,778 (+101.8%), from €346,569 to €699,347
of which Trade receivables: +€352,778
- Cash -€327,173
down €327,173 (-57.3%), from €571,018 to €243,845
mainly Contributions, distributions and other (-€461,102) and Receivables within one year (-€352,778)
- Current investments +€133,964
up €133,964 (+10.0%), from €1.3m to €1.5m
- Tax, wage and social debts +€81,033
up €81,033 (+136.3%), from €59,436 to €140,469
- Trade debts +€41,803
up €41,803 (+134.4%), from €31,102 to €72,905
- Staff costs -€49,568
no longer reported in 2025 (was €49,568)
- Gross operating margin +€30,830
up €30,830 (+4.9%), from €623,151 to €653,981
- Taxes +€22,287
up €22,287 (+11.8%), from €188,717 to €211,004
- Depreciation +€11,267
up €11,267 (+84.9%), from €13,275 to €24,542
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 | €2,387,122 | €2,524,915 | +€137,793 | +5.8% |
| Fixed assets | 21/28 | €103,860 | €85,706 | -€18,154 | -17.5% |
| Tangible fixed assets | 22/27 | €103,860 | €85,706 | -€18,154 | -17.5% |
| Plant, machinery and equipment | 23 | €1,992 | €6,514 | +€4,522 | +227.0% |
| Furniture and vehicles | 24 | €101,868 | €79,192 | -€22,676 | -22.3% |
| Current assets | 29/58 | €2,283,262 | €2,439,209 | +€155,947 | +6.8% |
| Amounts receivable within one year | 40/41 | €346,569 | €699,347 | +€352,778 | +101.8% |
| Trade receivables | 40 | €340,371 | €693,149 | +€352,778 | +103.6% |
| Other amounts receivable | 41 | €6,198 | €6,198 | = | 0.0% |
| Current investments | 50/53 | €1,338,133 | €1,472,097 | +€133,964 | +10.0% |
| Cash at bank and in hand | 54/58 | €571,018 | €243,845 | -€327,173 | -57.3% |
| Deferred charges and accrued income | 490/1 | €27,542 | €23,920 | -€3,622 | -13.2% |
| Total equity and liabilities | 10/49 | €2,387,122 | €2,524,915 | +€137,793 | +5.8% |
| Equity | 10/15 | €2,204,893 | €2,205,991 | +€1,098 | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,198,693 | €2,199,791 | +€1,098 | 0.0% |
| Distributable reserves | 133 | €2,198,693 | €2,199,791 | +€1,098 | 0.0% |
| Amounts payable | 17/49 | €182,229 | €318,924 | +€136,695 | +75.0% |
| Amounts payable within one year | 42/48 | €91,097 | €217,356 | +€126,259 | +138.6% |
| Trade debts | 44 | €31,102 | €72,905 | +€41,803 | +134.4% |
| Suppliers | 440/4 | €31,102 | €72,905 | +€41,803 | +134.4% |
| Taxes, remuneration and social security | 45 | €59,436 | €140,469 | +€81,033 | +136.3% |
| Taxes | 450/3 | €59,436 | €140,469 | +€81,033 | +136.3% |
| Other amounts payable | 47/48 | €559 | €3,982 | +€3,423 | +612.3% |
| Accrued charges and deferred income | 492/3 | €91,132 | €101,568 | +€10,436 | +11.5% |
| Non-recurring operating income | 76A | €27,601 | - | -€27,601 | |
| Remuneration, social security and pensions | 62 | €49,568 | - | -€49,568 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,275 | €24,542 | +€11,267 | +84.9% |
| Other operating charges | 640/8 | €1,712 | €1,854 | +€142 | +8.3% |
| Gross operating margin | 9900 | €623,151 | €653,981 | +€30,830 | +4.9% |
| Operating profit (loss) | 9901 | €558,596 | €627,585 | +€68,989 | +12.4% |
| Financial income | 75/76B | €49,559 | €50,598 | +€1,039 | +2.1% |
| Recurring financial income | 75 | €49,559 | €50,598 | +€1,039 | +2.1% |
| Financial charges | 65/66B | €5,650 | €4,979 | -€671 | -11.9% |
| Recurring financial charges | 65 | €5,650 | €4,979 | -€671 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €602,505 | €673,204 | +€70,699 | +11.7% |
| Income taxes | 67/77 | €188,717 | €211,004 | +€22,287 | +11.8% |
| Profit (loss) for the period | 9904 | €413,788 | €462,200 | +€48,412 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €413,788 | €462,200 | +€48,412 | +11.7% |
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 10 October 2026 via checked.be.