QURATEC: 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.
QURATEC
Largest movements
- Tangible fixed assets +€17,409
up €17,409 (+59.2%), from €29,419 to €46,828
of which Furniture and vehicles: +€17,995
- Receivables within one year -€4,567
down €4,567 (-88.3%), from €5,173 to €606
- Cash +€2,307
up €2,307 (+2.8%), from €82,649 to €84,956
mainly Net result for the year (+€35,904) and Depreciation (+€10,591)
- Reserves +€36,688
up €36,688 (+46.4%), from €79,000 to €115,688
- Tax, wage and social debts -€22,506
down €22,506 (-70.1%), from €32,096 to €9,590
- Other debts +€1,720
up €1,720 (+110.7%), from €1,554 to €3,275
- Gross operating margin -€64,825
down €64,825 (-53.7%), from €120,653 to €55,827
- Taxes -€22,222
down €22,222 (-71.8%), from €30,957 to €8,735
- Depreciation +€1,596
up €1,596 (+17.7%), from €8,995 to €10,591
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 | €117,676 | €132,429 | +€14,754 | +12.5% |
| Fixed assets | 21/28 | €29,459 | €46,868 | +€17,409 | +59.1% |
| Tangible fixed assets | 22/27 | €29,419 | €46,828 | +€17,409 | +59.2% |
| Plant, machinery and equipment | 23 | €1,367 | €781 | -€586 | -42.9% |
| Furniture and vehicles | 24 | €28,052 | €46,047 | +€17,995 | +64.1% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €88,216 | €85,561 | -€2,655 | -3.0% |
| Amounts receivable within one year | 40/41 | €5,173 | €606 | -€4,567 | -88.3% |
| Trade receivables | 40 | €5,173 | €606 | -€4,567 | -88.3% |
| Cash at bank and in hand | 54/58 | €82,649 | €84,956 | +€2,307 | +2.8% |
| Deferred charges and accrued income | 490/1 | €395 | €0 | -€395 | -100.0% |
| Total equity and liabilities | 10/49 | €117,676 | €132,429 | +€14,754 | +12.5% |
| Equity | 10/15 | €83,284 | €119,188 | +€35,904 | +43.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €79,000 | €115,688 | +€36,688 | +46.4% |
| Distributable reserves | 133 | €79,000 | €115,688 | +€36,688 | +46.4% |
| Profit (loss) carried forward | 14 | €784 | €0 | -€784 | -100.0% |
| Amounts payable | 17/49 | €34,392 | €13,241 | -€21,151 | -61.5% |
| Amounts payable within one year | 42/48 | €34,392 | €13,241 | -€21,151 | -61.5% |
| Trade debts | 44 | €742 | €376 | -€365 | -49.3% |
| Suppliers | 440/4 | €742 | €376 | -€365 | -49.3% |
| Taxes, remuneration and social security | 45 | €32,096 | €9,590 | -€22,506 | -70.1% |
| Taxes | 450/3 | €32,096 | €9,590 | -€22,506 | -70.1% |
| Other amounts payable | 47/48 | €1,554 | €3,275 | +€1,720 | +110.7% |
| Non-recurring operating income | 76A | - | €1,768 | +€1,768 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,995 | €10,591 | +€1,596 | +17.7% |
| Other operating charges | 640/8 | €890 | €520 | -€370 | -41.6% |
| Gross operating margin | 9900 | €120,653 | €55,827 | -€64,825 | -53.7% |
| Operating profit (loss) | 9901 | €110,768 | €44,716 | -€66,052 | -59.6% |
| Financial income | 75/76B | €56 | €0 | -€56 | -100.0% |
| Recurring financial income | 75 | €56 | €0 | -€56 | -100.0% |
| Financial charges | 65/66B | €82 | €77 | -€6 | -6.7% |
| Recurring financial charges | 65 | €82 | €77 | -€6 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €110,741 | €44,639 | -€66,102 | -59.7% |
| Income taxes | 67/77 | €30,957 | €8,735 | -€22,222 | -71.8% |
| Profit (loss) for the period | 9904 | €79,784 | €35,904 | -€43,880 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,784 | €35,904 | -€43,880 | -55.0% |
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 29 September 2026 via checked.be.