Quup: 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.
What changed
Quup
NACE 68.121, Development of residential building projects
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€446,671
2024 · €834,408-€1.3m
Equity
€384,057
2024 · €830,728-€446,671
Cash
€573,200
2024 · €1.2m-€602,869
Balance sheet total
€3.8m
2024 · €3.4m+€490,249
Largest movements
Assets
- Stocks and contracts +€747,838
up €747,838 (+34.7%), from €2.2m to €2.9m
- Cash -€602,869
down €602,869 (-51.3%), from €1.2m to €573,200
mainly Stocks and contracts (-€747,838) and Net result for the year (-€446,671)
- Receivables within one year +€303,350
up €303,350 (+69024.7%), from €439 to €303,789
of which Trade receivables: +€303,352
Equity and liabilities
- Profit (loss) carried forward -€446,671
down €446,671 (-60.8%), from €734,528 to €287,857
- Other debts +€443,112
up €443,112 (+41.8%), from €1.1m to €1.5m
- Current portion of long-term debt +€398,231
new in 2025: €398,231
- Accrued charges and deferred income +€93,793
up €93,793 (+577.4%), from €16,243 to €110,036
- Advances received +€57,848
up €57,848 (+6.4%), from €904,851 to €962,700
Income statement
- Gross operating margin -€1.6m
down €1.6m, from €1.2m to -€318,334
- Taxes -€278,880
down €278,880 (-99.0%), from €281,786 to €2,906
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.
Result 2024
€834,408
Gross operating margin
-€1.6m
Staff costs
+€3,353
Depreciation
-€5,231
Provisions
-€7,500
Other operating charges
+€1,169
Financial income
+€371
Financial charges
+€1,051
Taxes
+€278,880
Result 2025
-€446,671
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.
From operations
-€967,682
Investment
-€33,418
Financing
+€398,231
Cash 2024
€1.2m
From operations (derived)
-€967,682
Net result for the year
-€446,671
Depreciation
+€11,106
Stocks and contracts
-€747,838
Receivables within one year
-€303,350
Deferred charges and accrued income
-€19,619
Trade debts
-€55,403
Tax, wage and social debts
-€662
Advances received
+€57,848
Other debts
+€443,112
Accrued charges and deferred income
+€93,793
Investment (derived)
-€33,418
Investment in fixed assets (net)
-€33,418
Financing
+€398,231
Current portion of long-term debt
+€398,231
Cash 2025
€573,200
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,351,532 | €3,841,781 | +€490,249 | +14.6% |
| Formation expenses | 20 | €102 | €0 | -€102 | -100.0% |
| Fixed assets | 21/28 | €12,134 | €34,548 | +€22,414 | +184.7% |
| Intangible fixed assets | 21 | €4,980 | €30,136 | +€25,157 | +505.2% |
| Tangible fixed assets | 22/27 | €7,155 | €4,412 | -€2,743 | -38.3% |
| Plant, machinery and equipment | 23 | €4,864 | €3,095 | -€1,769 | -36.4% |
| Furniture and vehicles | 24 | €2,290 | €1,317 | -€973 | -42.5% |
| Current assets | 29/58 | €3,339,295 | €3,807,233 | +€467,938 | +14.0% |
| Stocks and contracts in progress | 3 | €2,154,561 | €2,902,398 | +€747,838 | +34.7% |
| Stocks | 30/36 | €2,154,561 | €2,902,398 | +€747,838 | +34.7% |
| Amounts receivable within one year | 40/41 | €439 | €303,789 | +€303,350 | +69024.7% |
| Trade receivables | 40 | €437 | €303,789 | +€303,352 | +69464.6% |
| Other amounts receivable | 41 | €3 | €1 | -€2 | -73.0% |
| Cash at bank and in hand | 54/58 | €1,176,069 | €573,200 | -€602,869 | -51.3% |
| Deferred charges and accrued income | 490/1 | €8,226 | €27,845 | +€19,619 | +238.5% |
| Total equity and liabilities | 10/49 | €3,351,532 | €3,841,781 | +€490,249 | +14.6% |
| Equity | 10/15 | €830,728 | €384,057 | -€446,671 | -53.8% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €84,200 | €84,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €734,528 | €287,857 | -€446,671 | -60.8% |
| Provisions and deferred taxes | 16 | €144,000 | €144,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €144,000 | €144,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €144,000 | €144,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,376,804 | €3,313,724 | +€936,920 | +39.4% |
| Amounts payable within one year | 42/48 | €2,360,561 | €3,203,688 | +€843,127 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | - | €398,231 | +€398,231 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €270,287 | €214,885 | -€55,403 | -20.5% |
| Suppliers | 440/4 | €270,287 | €214,885 | -€55,403 | -20.5% |
| Advances received on contracts in progress | 46 | €904,851 | €962,700 | +€57,848 | +6.4% |
| Taxes, remuneration and social security | 45 | €124,534 | €123,872 | -€662 | -0.5% |
| Taxes | 450/3 | €103,188 | €90,035 | -€13,154 | -12.7% |
| Remuneration and social security | 454/9 | €21,346 | €33,837 | +€12,492 | +58.5% |
| Other amounts payable | 47/48 | €1,060,888 | €1,504,000 | +€443,112 | +41.8% |
| Accrued charges and deferred income | 492/3 | €16,243 | €110,036 | +€93,793 | +577.4% |
| Remuneration, social security and pensions | 62 | €120,839 | €117,486 | -€3,353 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,875 | €11,106 | +€5,231 | +89.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€7,500 | €0 | +€7,500 | |
| Other operating charges | 640/8 | €2,168 | €998 | -€1,169 | -53.9% |
| Gross operating margin | 9900 | €1,234,838 | -€318,334 | -€1.6m | |
| Operating profit (loss) | 9901 | €1,113,457 | -€447,924 | -€1.6m | |
| Financial income | 75/76B | €5,971 | €6,341 | +€371 | +6.2% |
| Recurring financial income | 75 | €5,971 | €6,341 | +€371 | +6.2% |
| Financial charges | 65/66B | €3,234 | €2,183 | -€1,051 | -32.5% |
| Recurring financial charges | 65 | €3,234 | €2,183 | -€1,051 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €1,116,194 | -€443,765 | -€1.6m | |
| Income taxes | 67/77 | €281,786 | €2,906 | -€278,880 | -99.0% |
| Profit (loss) for the period | 9904 | €834,408 | -€446,671 | -€1.3m | |
| Transfer to tax-exempt reserves | 689 | €84,200 | €0 | -€84,200 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €750,208 | -€446,671 | -€1.2m |
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 11 October 2026 via checked.be.