Qwéga: 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.
Qwéga
Largest movements
- Tangible fixed assets -€7,749
down €7,749 (-6.0%), from €129,722 to €121,973
of which Land and buildings: -€5,455
- Debts after one year -€9,679
down €9,679 (-19.5%), from €49,713 to €40,034
- Other debts +€2,342
up €2,342 (+1.6%), from €150,709 to €153,051
- Financial charges -€278
down €278 (-7.4%), from €3,771 to €3,493
- Gross operating margin -€206
down €206 (-1.6%), from €12,864 to €12,658
- Other operating charges +€148
up €148 (+7.6%), from €1,946 to €2,094
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 | €130,902 | €122,939 | -€7,962 | -6.1% |
| Fixed assets | 21/28 | €129,722 | €121,973 | -€7,749 | -6.0% |
| Tangible fixed assets | 22/27 | €129,722 | €121,973 | -€7,749 | -6.0% |
| Land and buildings | 22 | €104,490 | €99,035 | -€5,455 | -5.2% |
| Plant, machinery and equipment | 23 | €25,232 | €22,938 | -€2,294 | -9.1% |
| Current assets | 29/58 | €1,180 | €967 | -€213 | -18.1% |
| Cash at bank and in hand | 54/58 | €772 | €556 | -€216 | -28.0% |
| Deferred charges and accrued income | 490/1 | €408 | €411 | +€3 | +0.7% |
| Total equity and liabilities | 10/49 | €130,902 | €122,939 | -€7,962 | -6.1% |
| Equity | 10/15 | -€81,299 | -€81,977 | -€678 | -0.8% |
| Contributions | 10/11 | €119,200 | €119,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€200,499 | -€201,177 | -€678 | -0.3% |
| Amounts payable | 17/49 | €212,200 | €204,916 | -€7,284 | -3.4% |
| Amounts payable after more than one year | 17 | €49,713 | €40,034 | -€9,679 | -19.5% |
| Financial debts | 170/4 | €49,713 | €40,034 | -€9,679 | -19.5% |
| Amounts payable within one year | 42/48 | €162,487 | €164,786 | +€2,299 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €9,197 | €9,679 | +€482 | +5.2% |
| Trade debts | 44 | €2,582 | €2,057 | -€525 | -20.3% |
| Suppliers | 440/4 | €2,582 | €2,057 | -€525 | -20.3% |
| Other amounts payable | 47/48 | €150,709 | €153,051 | +€2,342 | +1.6% |
| Accrued charges and deferred income | 492/3 | - | €96 | +€96 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,749 | €7,749 | +€1 | 0.0% |
| Other operating charges | 640/8 | €1,946 | €2,094 | +€148 | +7.6% |
| Gross operating margin | 9900 | €12,864 | €12,658 | -€206 | -1.6% |
| Operating profit (loss) | 9901 | €3,169 | €2,815 | -€355 | -11.2% |
| Financial charges | 65/66B | €3,771 | €3,493 | -€278 | -7.4% |
| Recurring financial charges | 65 | €3,771 | €3,493 | -€278 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€602 | -€678 | -€76 | -12.7% |
| Profit (loss) for the period | 9904 | -€602 | -€678 | -€76 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€602 | -€678 | -€76 | -12.7% |
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 25 October 2026 via checked.be.