Quup Construct: 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.
Quup Construct
Largest movements
- Tangible fixed assets +€69,286
up €69,286 (+138.5%), from €50,017 to €119,302
of which Plant, machinery and equipment: +€76,204
- Cash +€46,839
up €46,839 (+202.4%), from €23,137 to €69,975
mainly Debts after one year (+€65,179) and Depreciation (+€41,329)
- Receivables within one year -€18,044
down €18,044 (-33.4%), from €54,010 to €35,966
of which Trade receivables: -€23,500
- Stocks and contracts +€5,585
up €5,585, from €0 to €5,585
- Debts after one year +€65,179
new in 2025: €65,179
- Current portion of long-term debt +€18,103
new in 2025: €18,103
- Trade debts +€11,975
up €11,975 (+52.3%), from €22,913 to €34,888
- Profit (loss) carried forward +€7,524
up €7,524 (+70.0%), from €10,747 to €18,271
- Gross operating margin +€40,922
up €40,922 (+14.5%), from €282,750 to €323,672
- Staff costs +€22,111
up €22,111 (+9.0%), from €244,666 to €266,777
- Depreciation +€13,446
up €13,446 (+48.2%), from €27,883 to €41,329
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 | €131,317 | €235,425 | +€104,108 | +79.3% |
| Formation expenses | 20 | €705 | €456 | -€250 | -35.4% |
| Fixed assets | 21/28 | €50,017 | €119,302 | +€69,286 | +138.5% |
| Tangible fixed assets | 22/27 | €50,017 | €119,302 | +€69,286 | +138.5% |
| Plant, machinery and equipment | 23 | €30,712 | €106,916 | +€76,204 | +248.1% |
| Furniture and vehicles | 24 | €19,305 | €12,386 | -€6,919 | -35.8% |
| Current assets | 29/58 | €80,596 | €115,667 | +€35,072 | +43.5% |
| Stocks and contracts in progress | 3 | €0 | €5,585 | +€5,585 | |
| Stocks | 30/36 | €0 | €5,585 | +€5,585 | |
| Amounts receivable within one year | 40/41 | €54,010 | €35,966 | -€18,044 | -33.4% |
| Trade receivables | 40 | €37,000 | €13,500 | -€23,500 | -63.5% |
| Other amounts receivable | 41 | €17,010 | €22,466 | +€5,456 | +32.1% |
| Cash at bank and in hand | 54/58 | €23,137 | €69,975 | +€46,839 | +202.4% |
| Deferred charges and accrued income | 490/1 | €3,449 | €4,140 | +€691 | +20.0% |
| Total equity and liabilities | 10/49 | €131,317 | €235,425 | +€104,108 | +79.3% |
| Equity | 10/15 | €22,747 | €30,271 | +€7,524 | +33.1% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,747 | €18,271 | +€7,524 | +70.0% |
| Amounts payable | 17/49 | €108,570 | €205,154 | +€96,584 | +89.0% |
| Amounts payable after more than one year | 17 | - | €65,179 | +€65,179 | |
| Financial debts | 170/4 | - | €65,179 | +€65,179 | |
| Amounts payable within one year | 42/48 | €103,585 | €134,506 | +€30,920 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | - | €18,103 | +€18,103 | |
| Trade debts | 44 | €22,913 | €34,888 | +€11,975 | +52.3% |
| Suppliers | 440/4 | €22,913 | €34,888 | +€11,975 | +52.3% |
| Taxes, remuneration and social security | 45 | €30,672 | €31,515 | +€842 | +2.7% |
| Taxes | 450/3 | €856 | €2,187 | +€1,331 | +155.6% |
| Remuneration and social security | 454/9 | €29,817 | €29,328 | -€489 | -1.6% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,985 | €5,470 | +€485 | +9.7% |
| Remuneration, social security and pensions | 62 | €244,666 | €266,777 | +€22,111 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,883 | €41,329 | +€13,446 | +48.2% |
| Other operating charges | 640/8 | €3,903 | €966 | -€2,937 | -75.2% |
| Gross operating margin | 9900 | €282,750 | €323,672 | +€40,922 | +14.5% |
| Operating profit (loss) | 9901 | €6,298 | €14,599 | +€8,301 | +131.8% |
| Financial income | 75/76B | €6 | €729 | +€723 | +11910.0% |
| Recurring financial income | 75 | €6 | €729 | +€723 | +11910.0% |
| Financial charges | 65/66B | €2,743 | €5,617 | +€2,874 | +104.8% |
| Recurring financial charges | 65 | €2,743 | €5,617 | +€2,874 | +104.8% |
| Profit (loss) for the period before taxes | 9903 | €3,561 | €9,710 | +€6,150 | +172.7% |
| Income taxes | 67/77 | €856 | €2,187 | +€1,331 | +155.6% |
| Profit (loss) for the period | 9904 | €2,705 | €7,524 | +€4,818 | +178.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,705 | €7,524 | +€4,818 | +178.1% |
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 8 October 2026 via checked.be.