QUNUQ: 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.
QUNUQ
Largest movements
- Receivables within one year +€2,144
up €2,144 (+248.6%), from €862 to €3,006
of which Other amounts receivable: +€1,556
- Tangible fixed assets -€2,123
down €2,123 (-49.3%), from €4,309 to €2,186
- Cash -€1,890
down €1,890 (-8.8%), from €21,402 to €19,512
mainly Net result for the year (-€2,462) and Receivables within one year (-€2,144)
- Reserves -€2,462
down €2,462 (-14.1%), from €17,485 to €15,023
- Accrued charges and deferred income +€419
up €419 (+90.3%), from €464 to €883
- Gross operating margin -€25,955
down €25,955 (-97.7%), from €26,554 to €599
- Taxes -€6,045
down €6,045 (-100.0%), from €6,045 to €0
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 | €26,896 | €25,035 | -€1,861 | -6.9% |
| Fixed assets | 21/28 | €4,309 | €2,186 | -€2,123 | -49.3% |
| Tangible fixed assets | 22/27 | €4,309 | €2,186 | -€2,123 | -49.3% |
| Furniture and vehicles | 24 | €4,309 | €2,186 | -€2,123 | -49.3% |
| Current assets | 29/58 | €22,586 | €22,849 | +€262 | +1.2% |
| Amounts receivable within one year | 40/41 | €862 | €3,006 | +€2,144 | +248.6% |
| Trade receivables | 40 | - | €588 | +€588 | |
| Other amounts receivable | 41 | €862 | €2,418 | +€1,556 | +180.4% |
| Cash at bank and in hand | 54/58 | €21,402 | €19,512 | -€1,890 | -8.8% |
| Deferred charges and accrued income | 490/1 | €322 | €330 | +€9 | +2.8% |
| Total equity and liabilities | 10/49 | €26,896 | €25,035 | -€1,861 | -6.9% |
| Equity | 10/15 | €19,985 | €17,523 | -€2,462 | -12.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,485 | €15,023 | -€2,462 | -14.1% |
| Distributable reserves | 133 | €17,485 | €15,023 | -€2,462 | -14.1% |
| Amounts payable | 17/49 | €6,911 | €7,512 | +€601 | +8.7% |
| Amounts payable within one year | 42/48 | €6,447 | €6,629 | +€182 | +2.8% |
| Trade debts | 44 | €402 | €584 | +€182 | +45.3% |
| Suppliers | 440/4 | €402 | €584 | +€182 | +45.3% |
| Taxes, remuneration and social security | 45 | €6,045 | €6,045 | = | 0.0% |
| Taxes | 450/3 | €6,045 | €6,045 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €464 | €883 | +€419 | +90.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,059 | €2,123 | +€64 | +3.1% |
| Other operating charges | 640/8 | €868 | €853 | -€16 | -1.8% |
| Gross operating margin | 9900 | €26,554 | €599 | -€25,955 | -97.7% |
| Operating profit (loss) | 9901 | €23,626 | -€2,377 | -€26,003 | |
| Financial income | 75/76B | €2 | €19 | +€17 | +1125.2% |
| Recurring financial income | 75 | €2 | €19 | +€17 | +1125.2% |
| Financial charges | 65/66B | €98 | €104 | +€6 | +6.0% |
| Recurring financial charges | 65 | €98 | €104 | +€6 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €23,530 | -€2,462 | -€25,991 | |
| Income taxes | 67/77 | €6,045 | €0 | -€6,045 | -100.0% |
| Profit (loss) for the period | 9904 | €17,485 | -€2,462 | -€19,946 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,485 | -€2,462 | -€19,946 |
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 8 October 2026 via checked.be.