Quup Management: 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.
Quup Management
Largest movements
- Receivables within one year +€675,944
up €675,944 (+64.8%), from €1.0m to €1.7m
of which Other amounts receivable: +€676,804
- Deferred charges and accrued income +€111,880
up €111,880 (+118%), from €95,012 to €206,893
- Cash +€45,656
up €45,656 (+195%), from €23,371 to €69,027
mainly Debts after one year (+€500,000) and Net result for the year (+€384,152)
- Debts after one year +€500,000
up €500,000 (+50.0%), from €1.0m to €1.5m
- Profit (loss) carried forward +€384,152
up €384,152, from -€95,813 to €288,339
- Trade debts -€56,055
down €56,055 (-56.0%), from €100,109 to €44,054
- Financial income +€498,308
up €498,308 (+221%), from €225,634 to €723,941
- Gross operating margin +€58,515
up €58,515 (+22.9%), from -€255,647 to -€197,132
- Financial charges -€17,781
down €17,781 (-11.5%), from €154,020 to €136,239
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.
Derived cash bridge
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 | €1,228,416 | €2,056,476 | +€828,060 | +67.4% |
| Fixed assets | 21/28 | €66,712 | €61,293 | -€5,419 | -8.1% |
| Intangible fixed assets | 21 | €667 | €0 | -€667 | -100% |
| Tangible fixed assets | 22/27 | €39,045 | €34,293 | -€4,753 | -12.2% |
| Furniture and vehicles | 24 | €226 | €35 | -€192 | -84.7% |
| Other tangible fixed assets | 26 | €38,819 | €34,258 | -€4,561 | -11.7% |
| Financial fixed assets | 28 | €27,000 | €27,000 | = | 0.0% |
| Current assets | 29/58 | €1,161,704 | €1,995,184 | +€833,480 | +71.7% |
| Amounts receivable within one year | 40/41 | €1,043,320 | €1,719,264 | +€675,944 | +64.8% |
| Trade receivables | 40 | €1,717 | €857 | -€860 | -50.1% |
| Other amounts receivable | 41 | €1,041,603 | €1,718,407 | +€676,804 | +65.0% |
| Cash at bank and in hand | 54/58 | €23,371 | €69,027 | +€45,656 | +195% |
| Deferred charges and accrued income | 490/1 | €95,012 | €206,893 | +€111,880 | +118% |
| Total equity and liabilities | 10/49 | €1,228,416 | €2,056,476 | +€828,060 | +67.4% |
| Equity | 10/15 | €87,187 | €471,339 | +€384,152 | +441% |
| Contributions | 10/11 | €183,000 | €183,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,813 | €288,339 | +€384,152 | |
| Amounts payable | 17/49 | €1,141,229 | €1,585,137 | +€443,909 | +38.9% |
| Amounts payable after more than one year | 17 | €1,000,000 | €1,500,000 | +€500,000 | +50.0% |
| Financial debts | 170/4 | €1,000,000 | €1,500,000 | +€500,000 | +50.0% |
| Amounts payable within one year | 42/48 | €140,109 | €84,054 | -€56,055 | -40.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €100,109 | €44,054 | -€56,055 | -56.0% |
| Suppliers | 440/4 | €100,109 | €44,054 | -€56,055 | -56.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €40,000 | €40,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,120 | €1,083 | -€37 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,545 | €5,419 | -€2,126 | -28.2% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€255,647 | -€197,132 | +€58,515 | +22.9% |
| Operating profit (loss) | 9901 | -€264,160 | -€203,550 | +€60,610 | +22.9% |
| Financial income | 75/76B | €225,634 | €723,941 | +€498,308 | +221% |
| Recurring financial income | 75 | €225,634 | €723,941 | +€498,308 | +221% |
| Financial charges | 65/66B | €154,020 | €136,239 | -€17,781 | -11.5% |
| Recurring financial charges | 65 | €154,020 | €136,239 | -€17,781 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€192,546 | €384,153 | +€576,699 | |
| Income taxes | 67/77 | €0 | €1 | +€1 | +620% |
| Profit (loss) for the period | 9904 | -€192,546 | €384,152 | +€576,698 | |
| Profit (loss) for the period to be appropriated | 9905 | -€192,546 | €384,152 | +€576,698 |
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 22 October 2026 via checked.be.