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QUIDUR: 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.

What changed

QUIDUR

BE 0447.917.789
NACE 66.300, Activities auxiliary to financial services and insurance activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€5,529
2024 · -€25,702+€20,173
Equity
-€33,041
2024 · -€27,512-€5,529
Cash
€1,787
2024 · €178+€1,609
Balance sheet total
€232,624
2024 · €227,179+€5,445

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€35,245

    up €35,245 (+43.4%), from €81,135 to €116,381

    of which Trade receivables: +€35,610

  • Tangible fixed assets -€29,200

    down €29,200 (-20.4%), from €142,897 to €113,697

    of which Land and buildings: -€28,695

Equity and liabilities
  • Other debts +€27,335

    up €27,335 (+13.0%), from €209,959 to €237,295

  • Debts after one year -€12,882

    down €12,882 (-49.5%), from €26,034 to €13,152

  • Profit (loss) carried forward -€5,529

    down €5,529 (-13.9%), from -€39,906 to -€45,435

  • Trade debts -€2,942

    down €2,942 (-99.4%), from €2,961 to €19

  • Current portion of long-term debt -€2,855

    down €2,855 (-18.1%), from €15,737 to €12,882

Income statement
  • Gross operating margin +€19,868

    up €19,868 (+193.3%), from €10,279 to €30,148

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€25,702
Gross operating margin +€19,868
Depreciation +€227
Other operating charges +€48
Financial income -€1
Financial charges +€215
Taxes -€185
Result 2025 -€5,529

Cash bridge derived

cash 2024 to 2025

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.

From operations +€17,346
Investment €0
Financing -€15,737
Cash 2024 €178
Net result for the year -€5,529
Depreciation +€29,200
Receivables within one year -€35,245
Deferred charges and accrued income +€2,210
Trade debts -€2,942
Tax, wage and social debts +€2,318
Other debts +€27,335
Debts after one year -€12,882
Current portion of long-term debt -€2,855
Cash 2025 €1,787
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €227,179 €232,624 +€5,445 +2.4%
Fixed assets 21/28 €143,436 €114,236 -€29,200 -20.4%
Tangible fixed assets 22/27 €142,897 €113,697 -€29,200 -20.4%
Land and buildings 22 €140,625 €111,930 -€28,695 -20.4%
Plant, machinery and equipment 23 €2,143 €1,766 -€377 -17.6%
Furniture and vehicles 24 €128 - -€128
Financial fixed assets 28 €539 €539 = 0.0%
Current assets 29/58 €83,744 €118,389 +€34,645 +41.4%
Amounts receivable within one year 40/41 €81,135 €116,381 +€35,245 +43.4%
Trade receivables 40 €80,771 €116,381 +€35,610 +44.1%
Other amounts receivable 41 €364 - -€364
Cash at bank and in hand 54/58 €178 €1,787 +€1,609 +903.1%
Deferred charges and accrued income 490/1 €2,430 €221 -€2,210 -90.9%
Total equity and liabilities 10/49 €227,179 €232,624 +€5,445 +2.4%
Equity 10/15 -€27,512 -€33,041 -€5,529 -20.1%
Contributions 10/11 €12,395 €12,395 = 0.0%
Profit (loss) carried forward 14 -€39,906 -€45,435 -€5,529 -13.9%
Amounts payable 17/49 €254,691 €265,665 +€10,974 +4.3%
Amounts payable after more than one year 17 €26,034 €13,152 -€12,882 -49.5%
Financial debts 170/4 €26,034 €13,152 -€12,882 -49.5%
Amounts payable within one year 42/48 €228,657 €252,513 +€23,856 +10.4%
Current portion of amounts payable after more than one year 42 €15,737 €12,882 -€2,855 -18.1%
Trade debts 44 €2,961 €19 -€2,942 -99.4%
Suppliers 440/4 €2,961 €19 -€2,942 -99.4%
Taxes, remuneration and social security 45 - €2,318 +€2,318
Taxes 450/3 - €2,318 +€2,318
Other amounts payable 47/48 €209,959 €237,295 +€27,335 +13.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €29,427 €29,200 -€227 -0.8%
Other operating charges 640/8 €5,172 €5,124 -€48 -0.9%
Gross operating margin 9900 €10,279 €30,148 +€19,868 +193.3%
Operating profit (loss) 9901 -€24,320 -€4,176 +€20,144 +82.8%
Financial income 75/76B €1 - -€1
Recurring financial income 75 €1 - -€1
Financial charges 65/66B €1,383 €1,168 -€215 -15.6%
Recurring financial charges 65 €1,383 €1,168 -€215 -15.6%
Profit (loss) for the period before taxes 9903 -€25,702 -€5,344 +€20,358 +79.2%
Income taxes 67/77 - €185 +€185
Profit (loss) for the period 9904 -€25,702 -€5,529 +€20,173 +78.5%
Profit (loss) for the period to be appropriated 9905 -€25,702 -€5,529 +€20,173 +78.5%

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.