Quite Frankly: 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.
Quite Frankly
Largest movements
- Cash -€11,326
down €11,326 (-83.5%), from €13,568 to €2,242
mainly Other debts (-€21,711) and Net result for the year (-€14,324)
- Tangible fixed assets +€8,457
up €8,457 (+45.3%), from €18,682 to €27,139
of which Other tangible fixed assets: +€8,732
- Formation expenses -€1,233
no longer reported in 2025 (was €1,233)
- Debts after one year +€31,093
new in 2025: €31,093
- Other debts -€21,711
down €21,711 (-80.3%), from €27,035 to €5,323
- Profit (loss) carried forward -€14,324
down €14,324 (-111%), from -€12,943 to -€27,266
- Trade debts +€1,535
up €1,535 (+10.0%), from €15,292 to €16,827
- Tax, wage and social debts -€833
down €833 (-5.9%), from €14,108 to €13,276
of which Taxes: -€3,737
- Gross operating margin +€6,934
up €6,934 (+106%), from €6,545 to €13,479
- Staff costs +€3,694
up €3,694 (+27.2%), from €13,603 to €17,297
- Depreciation +€1,100
up €1,100 (+32.1%), from €3,424 to €4,524
- Financial charges +€371
up €371 (+38.4%), from €967 to €1,339
- Other operating charges -€260
down €260 (-17.2%), from €1,514 to €1,254
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 | €46,493 | €42,253 | -€4,240 | -9.1% |
| Formation expenses | 20 | €1,233 | - | -€1,233 | |
| Fixed assets | 21/28 | €21,682 | €30,139 | +€8,457 | +39.0% |
| Tangible fixed assets | 22/27 | €18,682 | €27,139 | +€8,457 | +45.3% |
| Furniture and vehicles | 24 | €2,463 | €2,188 | -€275 | -11.1% |
| Other tangible fixed assets | 26 | €16,220 | €24,952 | +€8,732 | +53.8% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €23,577 | €12,113 | -€11,464 | -48.6% |
| Amounts receivable within one year | 40/41 | €10,009 | €9,871 | -€138 | -1.4% |
| Trade receivables | 40 | €10,009 | €9,871 | -€138 | -1.4% |
| Cash at bank and in hand | 54/58 | €13,568 | €2,242 | -€11,326 | -83.5% |
| Total equity and liabilities | 10/49 | €46,493 | €42,253 | -€4,240 | -9.1% |
| Equity | 10/15 | -€9,943 | -€24,266 | -€14,324 | -144% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,943 | -€27,266 | -€14,324 | -111% |
| Amounts payable | 17/49 | €56,435 | €66,519 | +€10,084 | +17.9% |
| Amounts payable after more than one year | 17 | - | €31,093 | +€31,093 | |
| Financial debts | 170/4 | - | €31,093 | +€31,093 | |
| Amounts payable within one year | 42/48 | €56,435 | €35,426 | -€21,009 | -37.2% |
| Trade debts | 44 | €15,292 | €16,827 | +€1,535 | +10.0% |
| Suppliers | 440/4 | €15,292 | €16,827 | +€1,535 | +10.0% |
| Taxes, remuneration and social security | 45 | €14,108 | €13,276 | -€833 | -5.9% |
| Taxes | 450/3 | €9,242 | €5,505 | -€3,737 | -40.4% |
| Remuneration and social security | 454/9 | €4,866 | €7,771 | +€2,905 | +59.7% |
| Other amounts payable | 47/48 | €27,035 | €5,323 | -€21,711 | -80.3% |
| Remuneration, social security and pensions | 62 | €13,603 | €17,297 | +€3,694 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,424 | €4,524 | +€1,100 | +32.1% |
| Other operating charges | 640/8 | €1,514 | €1,254 | -€260 | -17.2% |
| Non-recurring operating charges | 66A | - | €3,400 | +€3,400 | |
| Gross operating margin | 9900 | €6,545 | €13,479 | +€6,934 | +106% |
| Operating profit (loss) | 9901 | -€11,996 | -€12,995 | -€1,000 | -8.3% |
| Financial income | 75/76B | €20 | €10 | -€10 | -50.3% |
| Recurring financial income | 75 | €20 | €10 | -€10 | -50.3% |
| Financial charges | 65/66B | €967 | €1,339 | +€371 | +38.4% |
| Recurring financial charges | 65 | €967 | €1,339 | +€371 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,943 | -€14,324 | -€1,381 | -10.7% |
| Profit (loss) for the period | 9904 | -€12,943 | -€14,324 | -€1,381 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,943 | -€14,324 | -€1,381 | -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 21 October 2026 via checked.be.