QURE: 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.
QURE
Largest movements
- Cash +€85,783
up €85,783 (+324.3%), from €26,449 to €112,232
mainly Net result for the year (+€99,677) and Tax, wage and social debts (+€46,813)
- Receivables within one year +€57,274
up €57,274 (+181.5%), from €31,560 to €88,834
- Tangible fixed assets -€2,174
down €2,174 (-38.1%), from €5,700 to €3,526
- Profit (loss) carried forward +€99,677
up €99,677 (+218.8%), from €45,567 to €145,244
- Tax, wage and social debts +€46,813
up €46,813 (+459.6%), from €10,187 to €57,000
- Other debts -€4,747
down €4,747 (-99.8%), from €4,759 to €11
- Gross operating margin +€76,735
up €76,735 (+130.2%), from €58,948 to €135,683
- Taxes +€20,866
up €20,866 (+176.2%), from €11,840 to €32,705
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 | €64,049 | €204,913 | +€140,864 | +219.9% |
| Fixed assets | 21/28 | €5,700 | €3,526 | -€2,174 | -38.1% |
| Tangible fixed assets | 22/27 | €5,700 | €3,526 | -€2,174 | -38.1% |
| Furniture and vehicles | 24 | €5,700 | €3,526 | -€2,174 | -38.1% |
| Current assets | 29/58 | €58,349 | €201,387 | +€143,037 | +245.1% |
| Amounts receivable within one year | 40/41 | €31,560 | €88,834 | +€57,274 | +181.5% |
| Trade receivables | 40 | €31,560 | €88,834 | +€57,274 | +181.5% |
| Cash at bank and in hand | 54/58 | €26,449 | €112,232 | +€85,783 | +324.3% |
| Deferred charges and accrued income | 490/1 | €340 | €321 | -€20 | -5.8% |
| Total equity and liabilities | 10/49 | €64,049 | €204,913 | +€140,864 | +219.9% |
| Equity | 10/15 | €48,067 | €147,744 | +€99,677 | +207.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,567 | €145,244 | +€99,677 | +218.8% |
| Amounts payable | 17/49 | €15,983 | €57,169 | +€41,186 | +257.7% |
| Amounts payable within one year | 42/48 | €15,983 | €57,169 | +€41,186 | +257.7% |
| Trade debts | 44 | €1,038 | €158 | -€879 | -84.7% |
| Suppliers | 440/4 | €1,038 | €158 | -€879 | -84.7% |
| Taxes, remuneration and social security | 45 | €10,187 | €57,000 | +€46,813 | +459.6% |
| Taxes | 450/3 | €10,187 | €57,000 | +€46,813 | +459.6% |
| Other amounts payable | 47/48 | €4,759 | €11 | -€4,747 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €821 | €2,174 | +€1,353 | +164.8% |
| Other operating charges | 640/8 | €387 | €806 | +€419 | +108.2% |
| Gross operating margin | 9900 | €58,948 | €135,683 | +€76,735 | +130.2% |
| Operating profit (loss) | 9901 | €57,740 | €132,703 | +€74,963 | +129.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €334 | €321 | -€13 | -3.9% |
| Recurring financial charges | 65 | €334 | €321 | -€13 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €57,406 | €132,383 | +€74,976 | +130.6% |
| Income taxes | 67/77 | €11,840 | €32,705 | +€20,866 | +176.2% |
| Profit (loss) for the period | 9904 | €45,567 | €99,677 | +€54,111 | +118.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,567 | €99,677 | +€54,111 | +118.8% |
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 7 October 2026 via checked.be.