QUIRITES: 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.
QUIRITES
Largest movements
- Receivables within one year +€92,186
up €92,186 (+203.6%), from €45,286 to €137,472
of which Trade receivables: +€92,004
- Deferred charges and accrued income +€66,200
up €66,200 (+76.2%), from €86,841 to €153,042
- Cash -€14,585
down €14,585 (-11.1%), from €131,825 to €117,240
mainly Receivables within one year (-€92,186) and Deferred charges and accrued income (-€66,200)
- Advances received +€131,562
up €131,562 (+86.8%), from €151,594 to €283,155
- Accrued charges and deferred income +€14,022
up €14,022 (+212.2%), from €6,609 to €20,632
- Profit (loss) carried forward -€5,682
down €5,682 (-24.6%), from -€23,138 to -€28,819
- Gross operating margin +€37,988
up €37,988, from -€18,523 to €19,465
- Staff costs +€18,135
new in 2025: €18,135
- Other operating charges +€2,698
up €2,698 (+466.7%), from €578 to €3,276
- Depreciation -€465
down €465 (-30.3%), from €1,538 to €1,073
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 | €286,945 | €428,813 | +€141,868 | +49.4% |
| Fixed assets | 21/28 | €3,211 | €1,997 | -€1,214 | -37.8% |
| Tangible fixed assets | 22/27 | €2,776 | €1,562 | -€1,214 | -43.7% |
| Land and buildings | 22 | €1,933 | €1,287 | -€647 | -33.4% |
| Plant, machinery and equipment | 23 | €842 | €275 | -€567 | -67.3% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €435 | €435 | = | 0.0% |
| Current assets | 29/58 | €283,734 | €426,816 | +€143,081 | +50.4% |
| Amounts receivable after more than one year | 29 | €19,782 | €19,061 | -€721 | -3.6% |
| Other amounts receivable | 291 | €19,782 | €19,061 | -€721 | -3.6% |
| Amounts receivable within one year | 40/41 | €45,286 | €137,472 | +€92,186 | +203.6% |
| Trade receivables | 40 | €26,979 | €118,983 | +€92,004 | +341.0% |
| Other amounts receivable | 41 | €18,307 | €18,489 | +€182 | +1.0% |
| Cash at bank and in hand | 54/58 | €131,825 | €117,240 | -€14,585 | -11.1% |
| Deferred charges and accrued income | 490/1 | €86,841 | €153,042 | +€66,200 | +76.2% |
| Total equity and liabilities | 10/49 | €286,945 | €428,813 | +€141,868 | +49.4% |
| Equity | 10/15 | €123,533 | €117,851 | -€5,682 | -4.6% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €124,671 | €124,671 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,200 | €2,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,200 | €2,200 | = | 0.0% |
| Distributable reserves | 133 | €122,471 | €122,471 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,138 | -€28,819 | -€5,682 | -24.6% |
| Amounts payable | 17/49 | €163,412 | €310,962 | +€147,549 | +90.3% |
| Amounts payable within one year | 42/48 | €156,803 | €290,330 | +€133,527 | +85.2% |
| Trade debts | 44 | €2,262 | €3,182 | +€920 | +40.7% |
| Suppliers | 440/4 | €2,262 | €3,182 | +€920 | +40.7% |
| Advances received on contracts in progress | 46 | €151,594 | €283,155 | +€131,562 | +86.8% |
| Taxes, remuneration and social security | 45 | €1,566 | €2,611 | +€1,045 | +66.7% |
| Taxes | 450/3 | €1,566 | €280 | -€1,285 | -82.1% |
| Remuneration and social security | 454/9 | - | €2,330 | +€2,330 | |
| Other amounts payable | 47/48 | €1,382 | €1,382 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,609 | €20,632 | +€14,022 | +212.2% |
| Remuneration, social security and pensions | 62 | - | €18,135 | +€18,135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,538 | €1,073 | -€465 | -30.3% |
| Other operating charges | 640/8 | €578 | €3,276 | +€2,698 | +466.7% |
| Non-recurring operating charges | 66A | - | €141 | +€141 | |
| Gross operating margin | 9900 | -€18,523 | €19,465 | +€37,988 | |
| Operating profit (loss) | 9901 | -€20,640 | -€3,159 | +€17,480 | +84.7% |
| Financial income | 75/76B | €710 | €874 | +€164 | +23.1% |
| Recurring financial income | 75 | €710 | €874 | +€164 | +23.1% |
| Financial charges | 65/66B | €3,068 | €3,255 | +€187 | +6.1% |
| Recurring financial charges | 65 | €3,068 | €3,255 | +€187 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,998 | -€5,541 | +€17,458 | +75.9% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€23,138 | -€5,682 | +€17,456 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,138 | -€5,682 | +€17,456 | +75.4% |
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.