QUORSUM: 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.
QUORSUM
Largest movements
- Receivables within one year -€21,854
down €21,854 (-79.2%), from €27,595 to €5,741
of which Trade receivables: -€22,036
- Intangible fixed assets -€5,240
down €5,240 (-38.1%), from €13,753 to €8,513
- Cash +€2,861
new in 2025: €2,861
mainly Receivables within one year (+€21,854) and Depreciation (+€6,971)
- Deferred charges and accrued income -€1,086
down €1,086 (-59.5%), from €1,824 to €738
- Tangible fixed assets +€466
up €466 (+43.1%), from €1,081 to €1,547
- Other debts -€19,450
down €19,450 (-82.9%), from €23,465 to €4,015
- Short-term financial debts -€3,037
no longer reported in 2025 (was €3,037)
- Tax, wage and social debts -€1,639
down €1,639 (-29.5%), from €5,554 to €3,915
of which Taxes: -€2,344
- Trade debts -€1,393
down €1,393 (-63.3%), from €2,201 to €808
- Profit (loss) carried forward +€665
up €665 (+7.6%), from -€8,789 to -€8,124
- Gross operating margin +€3,962
up €3,962 (+55.7%), from €7,108 to €11,070
- Depreciation +€1,796
up €1,796 (+34.7%), from €5,175 to €6,971
- Financial charges +€679
up €679 (+47.3%), from €1,435 to €2,114
- Taxes +€634
up €634 (+345.0%), from €184 to €818
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,254 | €19,400 | -€24,854 | -56.2% |
| Fixed assets | 21/28 | €14,834 | €10,060 | -€4,774 | -32.2% |
| Intangible fixed assets | 21 | €13,753 | €8,513 | -€5,240 | -38.1% |
| Tangible fixed assets | 22/27 | €1,081 | €1,547 | +€466 | +43.1% |
| Furniture and vehicles | 24 | €1,081 | €1,547 | +€466 | +43.1% |
| Current assets | 29/58 | €29,419 | €9,340 | -€20,079 | -68.3% |
| Amounts receivable within one year | 40/41 | €27,595 | €5,741 | -€21,854 | -79.2% |
| Trade receivables | 40 | €27,595 | €5,559 | -€22,036 | -79.9% |
| Other amounts receivable | 41 | - | €182 | +€182 | |
| Cash at bank and in hand | 54/58 | - | €2,861 | +€2,861 | |
| Deferred charges and accrued income | 490/1 | €1,824 | €738 | -€1,086 | -59.5% |
| Total equity and liabilities | 10/49 | €44,254 | €19,400 | -€24,854 | -56.2% |
| Equity | 10/15 | €9,997 | €10,662 | +€665 | +6.7% |
| Contributions | 10/11 | €18,786 | €18,786 | = | 0.0% |
| Capital | 10 | €18,786 | - | -€18,786 | |
| Issued capital | 100 | €18,786 | - | -€18,786 | |
| Profit (loss) carried forward | 14 | -€8,789 | -€8,124 | +€665 | +7.6% |
| Amounts payable | 17/49 | €34,257 | €8,738 | -€25,518 | -74.5% |
| Amounts payable within one year | 42/48 | €34,257 | €8,738 | -€25,518 | -74.5% |
| Financial debts | 43 | €3,037 | - | -€3,037 | |
| Credit institutions | 430/8 | €3,037 | - | -€3,037 | |
| Trade debts | 44 | €2,201 | €808 | -€1,393 | -63.3% |
| Suppliers | 440/4 | €2,201 | €808 | -€1,393 | -63.3% |
| Taxes, remuneration and social security | 45 | €5,554 | €3,915 | -€1,639 | -29.5% |
| Taxes | 450/3 | €5,554 | €3,210 | -€2,344 | -42.2% |
| Remuneration and social security | 454/9 | - | €705 | +€705 | |
| Other amounts payable | 47/48 | €23,465 | €4,015 | -€19,450 | -82.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,175 | €6,971 | +€1,796 | +34.7% |
| Other operating charges | 640/8 | €512 | €520 | +€8 | +1.6% |
| Gross operating margin | 9900 | €7,108 | €11,070 | +€3,962 | +55.7% |
| Operating profit (loss) | 9901 | €1,421 | €3,579 | +€2,157 | +151.8% |
| Financial income | 75/76B | €0 | €18 | +€18 | +89450.0% |
| Recurring financial income | 75 | €0 | €18 | +€18 | +89450.0% |
| Financial charges | 65/66B | €1,435 | €2,114 | +€679 | +47.3% |
| Recurring financial charges | 65 | €1,435 | €2,114 | +€679 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | -€14 | €1,483 | +€1,496 | |
| Income taxes | 67/77 | €184 | €818 | +€634 | +345.0% |
| Profit (loss) for the period | 9904 | -€197 | €665 | +€862 | |
| Profit (loss) for the period to be appropriated | 9905 | -€197 | €665 | +€862 |
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 9 October 2026 via checked.be.