Quoque: 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.
Quoque
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+148.4%), from €722,665 to €1.8m
of which Land and buildings: +€1.1m
- Receivables within one year +€174,046
up €174,046 (+825.6%), from €21,081 to €195,127
of which Trade receivables: +€174,046
- Cash -€59,960
down €59,960 (-94.9%), from €63,161 to €3,201
mainly Investment in fixed assets (net) (-€1.1m) and Other debts (-€374,702)
- Debts after one year +€1.4m
up €1.4m (+440.4%), from €321,632 to €1.7m
- Other debts -€374,702
down €374,702 (-99.1%), from €377,964 to €3,262
- Reserves +€170,012
up €170,012 (+342.9%), from €49,573 to €219,585
- Trade debts -€71,006
down €71,006 (-98.6%), from €71,984 to €978
- Tax, wage and social debts +€23,627
up €23,627 (+1809.1%), from €1,306 to €24,933
- Gross operating margin +€246,702
up €246,702 (+1040.9%), from €23,701 to €270,403
- Depreciation +€40,637
up €40,637 (+1738.0%), from €2,338 to €42,975
- Financial charges +€30,295
up €30,295 (+311.4%), from €9,728 to €40,023
- Taxes +€17,444
new in 2025: €17,444
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 | €826,907 | €2,003,553 | +€1.2m | +142.3% |
| Fixed assets | 21/28 | €732,665 | €1,805,226 | +€1.1m | +146.4% |
| Tangible fixed assets | 22/27 | €722,665 | €1,795,226 | +€1.1m | +148.4% |
| Land and buildings | 22 | €722,665 | €1,790,151 | +€1.1m | +147.7% |
| Plant, machinery and equipment | 23 | - | €5,075 | +€5,075 | |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €94,241 | €198,327 | +€104,086 | +110.4% |
| Amounts receivable within one year | 40/41 | €21,081 | €195,127 | +€174,046 | +825.6% |
| Trade receivables | 40 | €17,581 | €191,627 | +€174,046 | +990.0% |
| Other amounts receivable | 41 | €3,500 | €3,500 | = | 0.0% |
| Current investments | 50/53 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €63,161 | €3,201 | -€59,960 | -94.9% |
| Total equity and liabilities | 10/49 | €826,907 | €2,003,553 | +€1.2m | +142.3% |
| Equity | 10/15 | €50,773 | €220,785 | +€170,012 | +334.8% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €49,573 | €219,585 | +€170,012 | +342.9% |
| Distributable reserves | 133 | €49,573 | €219,585 | +€170,012 | +342.9% |
| Amounts payable | 17/49 | €776,133 | €1,782,768 | +€1.0m | +129.7% |
| Amounts payable after more than one year | 17 | €321,632 | €1,738,107 | +€1.4m | +440.4% |
| Financial debts | 170/4 | €321,632 | €1,738,107 | +€1.4m | +440.4% |
| Amounts payable within one year | 42/48 | €451,255 | €41,066 | -€410,188 | -90.9% |
| Current portion of amounts payable after more than one year | 42 | - | €11,893 | +€11,893 | |
| Trade debts | 44 | €71,984 | €978 | -€71,006 | -98.6% |
| Suppliers | 440/4 | €71,984 | €978 | -€71,006 | -98.6% |
| Taxes, remuneration and social security | 45 | €1,306 | €24,933 | +€23,627 | +1809.1% |
| Taxes | 450/3 | €1,306 | €24,933 | +€23,627 | +1809.1% |
| Other amounts payable | 47/48 | €377,964 | €3,262 | -€374,702 | -99.1% |
| Accrued charges and deferred income | 492/3 | €3,247 | €3,595 | +€348 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,338 | €42,975 | +€40,637 | +1738.0% |
| Other operating charges | 640/8 | €1,344 | €120 | -€1,224 | -91.1% |
| Gross operating margin | 9900 | €23,701 | €270,403 | +€246,702 | +1040.9% |
| Operating profit (loss) | 9901 | €20,019 | €227,308 | +€207,289 | +1035.5% |
| Financial income | 75/76B | - | €171 | +€171 | |
| Recurring financial income | 75 | - | €171 | +€171 | |
| Financial charges | 65/66B | €9,728 | €40,023 | +€30,295 | +311.4% |
| Recurring financial charges | 65 | €9,728 | €40,023 | +€30,295 | +311.4% |
| Profit (loss) for the period before taxes | 9903 | €10,291 | €187,456 | +€177,165 | +1721.6% |
| Income taxes | 67/77 | - | €17,444 | +€17,444 | |
| Profit (loss) for the period | 9904 | €10,291 | €170,012 | +€159,721 | +1552.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,291 | €170,012 | +€159,721 | +1552.1% |
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 11 October 2026 via checked.be.