QURA: 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.
QURA
Largest movements
- Tangible fixed assets -€6,486
down €6,486 (-2.1%), from €308,441 to €301,956
of which Land and buildings: -€6,136
- Debts after one year -€10,083
down €10,083 (-9.2%), from €110,049 to €99,967
- Other debts +€3,640
up €3,640 (+2.6%), from €138,026 to €141,666
- Profit (loss) carried forward -€3,616
down €3,616 (-5.6%), from -€64,165 to -€67,781
- Gross operating margin +€5,050
up €5,050 (+64.1%), from €7,879 to €12,929
- Financial charges +€3,348
up €3,348 (+95.1%), from €3,521 to €6,868
- Other operating charges +€366
up €366 (+13.0%), from €2,824 to €3,190
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 | €308,441 | €301,956 | -€6,486 | -2.1% |
| Fixed assets | 21/28 | €308,441 | €301,956 | -€6,486 | -2.1% |
| Tangible fixed assets | 22/27 | €308,441 | €301,956 | -€6,486 | -2.1% |
| Land and buildings | 22 | €307,969 | €301,833 | -€6,136 | -2.0% |
| Plant, machinery and equipment | 23 | €407 | €123 | -€284 | -69.8% |
| Other tangible fixed assets | 26 | €66 | €0 | -€66 | -100% |
| Current assets | 29/58 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €308,441 | €301,956 | -€6,486 | -2.1% |
| Equity | 10/15 | €39,071 | €35,455 | -€3,616 | -9.3% |
| Contributions | 10/11 | €56,807 | €56,807 | = | 0.0% |
| Revaluation surpluses | 12 | €46,429 | €46,429 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,165 | -€67,781 | -€3,616 | -5.6% |
| Amounts payable | 17/49 | €269,371 | €266,501 | -€2,870 | -1.1% |
| Amounts payable after more than one year | 17 | €110,049 | €99,967 | -€10,083 | -9.2% |
| Financial debts | 170/4 | €110,049 | €99,967 | -€10,083 | -9.2% |
| Amounts payable within one year | 42/48 | €159,321 | €166,534 | +€7,213 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €10,128 | €11,452 | +€1,325 | +13.1% |
| Financial debts | 43 | €11,037 | €10,437 | -€600 | -5.4% |
| Credit institutions | 430/8 | €11,037 | €10,437 | -€600 | -5.4% |
| Trade debts | 44 | €131 | €2,979 | +€2,848 | +2,179% |
| Suppliers | 440/4 | €131 | €2,979 | +€2,848 | +2,179% |
| Other amounts payable | 47/48 | €138,026 | €141,666 | +€3,640 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,486 | €6,486 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,824 | €3,190 | +€366 | +13.0% |
| Gross operating margin | 9900 | €7,879 | €12,929 | +€5,050 | +64.1% |
| Operating profit (loss) | 9901 | -€1,430 | €3,253 | +€4,683 | |
| Financial charges | 65/66B | €3,521 | €6,868 | +€3,348 | +95.1% |
| Recurring financial charges | 65 | €3,521 | €6,868 | +€3,348 | +95.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,951 | -€3,616 | +€1,335 | +27.0% |
| Profit (loss) for the period | 9904 | -€4,951 | -€3,616 | +€1,335 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,951 | -€3,616 | +€1,335 | +27.0% |
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 28 October 2026 via checked.be.