QWIKSTART: 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.
QWIKSTART
Largest movements
- Current investments +€300,000
new in 2025: €300,000
- Receivables within one year +€252,344
up €252,344 (+3,007%), from €8,393 to €260,736
of which Other amounts receivable: +€255,588
- Cash -€84,112
down €84,112 (-47.9%), from €175,705 to €91,593
mainly Current investments (-€300,000) and Receivables within one year (-€252,344)
- Tangible fixed assets +€41,551
up €41,551 (+7.6%), from €548,086 to €589,637
of which Land and buildings: +€35,201
- Reserves +€462,900
up €462,900 (+170%), from €272,602 to €735,502
- Tax, wage and social debts +€63,033
up €63,033 (+52.1%), from €121,038 to €184,072
- Financial income +€255,779
up €255,779 (+256%), from €100,000 to €355,779
- Taxes +€62,100
up €62,100 (+160%), from €38,918 to €101,019
- Other operating charges -€53,875
down €53,875 (-93.8%), from €57,451 to €3,576
- Gross operating margin +€23,198
up €23,198 (+10.5%), from €220,941 to €244,139
- Financial charges +€7,445
up €7,445 (+79.2%), from €9,404 to €16,848
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 | €1,559,229 | €2,070,359 | +€511,130 | +32.8% |
| Fixed assets | 21/28 | €1,375,086 | €1,416,637 | +€41,551 | +3.0% |
| Tangible fixed assets | 22/27 | €548,086 | €589,637 | +€41,551 | +7.6% |
| Land and buildings | 22 | €548,086 | €583,287 | +€35,201 | +6.4% |
| Plant, machinery and equipment | 23 | - | €3,797 | +€3,797 | |
| Furniture and vehicles | 24 | - | €2,553 | +€2,553 | |
| Financial fixed assets | 28 | €827,000 | €827,000 | = | 0.0% |
| Current assets | 29/58 | €184,144 | €653,722 | +€469,578 | +255% |
| Amounts receivable within one year | 40/41 | €8,393 | €260,736 | +€252,344 | +3,007% |
| Trade receivables | 40 | €3,244 | €0 | -€3,244 | -100% |
| Other amounts receivable | 41 | €5,148 | €260,736 | +€255,588 | +4,964% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €175,705 | €91,593 | -€84,112 | -47.9% |
| Deferred charges and accrued income | 490/1 | €46 | €1,392 | +€1,346 | +2,917% |
| Total equity and liabilities | 10/49 | €1,559,229 | €2,070,359 | +€511,130 | +32.8% |
| Equity | 10/15 | €999,602 | €1,462,502 | +€462,900 | +46.3% |
| Contributions | 10/11 | €727,000 | €727,000 | = | 0.0% |
| Reserves | 13 | €272,602 | €735,502 | +€462,900 | +170% |
| Distributable reserves | 133 | €272,602 | €735,502 | +€462,900 | +170% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €559,627 | €607,856 | +€48,229 | +8.6% |
| Amounts payable after more than one year | 17 | €421,687 | €405,780 | -€15,907 | -3.8% |
| Financial debts | 170/4 | €421,687 | €405,780 | -€15,907 | -3.8% |
| Amounts payable within one year | 42/48 | €137,940 | €201,762 | +€63,822 | +46.3% |
| Current portion of amounts payable after more than one year | 42 | €15,307 | €15,907 | +€600 | +3.9% |
| Trade debts | 44 | €1,594 | €1,783 | +€189 | +11.8% |
| Suppliers | 440/4 | €1,594 | €1,783 | +€189 | +11.8% |
| Taxes, remuneration and social security | 45 | €121,038 | €184,072 | +€63,033 | +52.1% |
| Taxes | 450/3 | €121,038 | €184,072 | +€63,033 | +52.1% |
| Accrued charges and deferred income | 492/3 | - | €314 | +€314 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,820 | €15,575 | -€4,245 | -21.4% |
| Other operating charges | 640/8 | €57,451 | €3,576 | -€53,875 | -93.8% |
| Gross operating margin | 9900 | €220,941 | €244,139 | +€23,198 | +10.5% |
| Operating profit (loss) | 9901 | €143,670 | €224,988 | +€81,317 | +56.6% |
| Financial income | 75/76B | €100,000 | €355,779 | +€255,779 | +256% |
| Recurring financial income | 75 | €100,000 | €355,779 | +€255,779 | +256% |
| Financial charges | 65/66B | €9,404 | €16,848 | +€7,445 | +79.2% |
| Recurring financial charges | 65 | €9,404 | €16,848 | +€7,445 | +79.2% |
| Profit (loss) for the period before taxes | 9903 | €234,266 | €563,919 | +€329,652 | +141% |
| Income taxes | 67/77 | €38,918 | €101,019 | +€62,100 | +160% |
| Profit (loss) for the period | 9904 | €195,348 | €462,900 | +€267,552 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €195,348 | €462,900 | +€267,552 | +137% |
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 28 October 2026 via checked.be.