QUSTO: what changed
QUSTO
Largest movements
- Tangible fixed assets +€116,110
new in 2025: €116,110
- Cash -€17,707
down €17,707 (-44.4%), from €39,920 to €22,212
mainly Investment in fixed assets (net) (-€116,110) and Other debts (-€5,898)
- Receivables within one year -€5,334
down €5,334 (-2.1%), from €249,333 to €244,000
of which Other amounts receivable: -€44,003
- Reserves +€93,357
up €93,357 (+47.6%), from €196,029 to €289,386
of which Distributable reserves: +€99,557
- Other debts -€5,898
down €5,898 (-100%), from €5,898 to €0
- Tax, wage and social debts +€5,787
up €5,787 (+22.7%), from €25,481 to €31,268
- Gross operating margin +€34,601
up €34,601 (+29.4%), from €117,852 to €152,453
- Other operating charges +€12,395
up €12,395 (+2,283%), from €543 to €12,938
- Taxes +€7,531
up €7,531 (+19.6%), from €38,419 to €45,950
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €289,588 | €382,657 | +€93,069 | +32.1% |
| Fixed assets | 21/28 | - | €116,110 | +€116,110 | |
| Tangible fixed assets | 22/27 | - | €116,110 | +€116,110 | |
| Land and buildings | 22 | - | €116,110 | +€116,110 | |
| Current assets | 29/58 | €289,588 | €266,547 | -€23,041 | -8.0% |
| Amounts receivable within one year | 40/41 | €249,333 | €244,000 | -€5,334 | -2.1% |
| Trade receivables | 40 | - | €38,669 | +€38,669 | |
| Other amounts receivable | 41 | €249,333 | €205,330 | -€44,003 | -17.6% |
| Cash at bank and in hand | 54/58 | €39,920 | €22,212 | -€17,707 | -44.4% |
| Deferred charges and accrued income | 490/1 | €335 | €335 | = | 0.0% |
| Total equity and liabilities | 10/49 | €289,588 | €382,657 | +€93,069 | +32.1% |
| Equity | 10/15 | €258,029 | €351,386 | +€93,357 | +36.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €0 | -€62,000 | -100% |
| Issued capital | 100 | €62,000 | €0 | -€62,000 | -100% |
| Contributions outside capital | 11 | - | €62,000 | +€62,000 | |
| Other | 1109/19 | - | €62,000 | +€62,000 | |
| Reserves | 13 | €196,029 | €289,386 | +€93,357 | +47.6% |
| Non-distributable reserves | 130/1 | €6,200 | €0 | -€6,200 | -100% |
| Legal reserve | 130 | €6,200 | €0 | -€6,200 | -100% |
| Distributable reserves | 133 | €189,829 | €289,386 | +€99,557 | +52.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €31,559 | €31,271 | -€288 | -0.9% |
| Amounts payable within one year | 42/48 | €31,559 | €31,271 | -€288 | -0.9% |
| Trade debts | 44 | €179 | €3 | -€176 | -98.3% |
| Suppliers | 440/4 | €179 | €3 | -€176 | -98.3% |
| Taxes, remuneration and social security | 45 | €25,481 | €31,268 | +€5,787 | +22.7% |
| Taxes | 450/3 | €25,481 | €31,268 | +€5,787 | +22.7% |
| Other amounts payable | 47/48 | €5,898 | €0 | -€5,898 | -100% |
| Other operating charges | 640/8 | €543 | €12,938 | +€12,395 | +2,283% |
| Gross operating margin | 9900 | €117,852 | €152,453 | +€34,601 | +29.4% |
| Operating profit (loss) | 9901 | €117,309 | €139,515 | +€22,206 | +18.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €198 | €208 | +€10 | +4.9% |
| Recurring financial charges | 65 | €198 | €208 | +€10 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €117,111 | €139,307 | +€22,196 | +19.0% |
| Income taxes | 67/77 | €38,419 | €45,950 | +€7,531 | +19.6% |
| Profit (loss) for the period | 9904 | €78,692 | €93,357 | +€14,665 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,692 | €93,357 | +€14,665 | +18.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.