QWYRX: 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.
QWYRX
Largest movements
- Deferred charges and accrued income +€96,494
up €96,494 (+3,110%), from €3,103 to €99,597
- Cash -€81,049
down €81,049 (-76.5%), from €105,967 to €24,917
mainly Deferred charges and accrued income (-€96,494) and Receivables within one year (-€67,225)
- Receivables within one year +€67,225
up €67,225 (+60.7%), from €110,742 to €177,967
of which Other amounts receivable: +€52,115
- Profit (loss) carried forward +€65,564
up €65,564 (+53.1%), from €123,507 to €189,070
- Trade debts -€46,014
down €46,014 (-70.3%), from €65,500 to €19,486
- Advances received +€44,127
up €44,127 (+33.8%), from €130,509 to €174,636
- Tax, wage and social debts +€19,658
up €19,658 (+489%), from €4,020 to €23,678
of which Taxes: +€22,058
- Gross operating margin +€90,973
up €90,973, from -€2,516 to €88,456
- Taxes +€20,737
up €20,737 (+494%), from €4,200 to €24,937
- Financial income +€5,998
up €5,998 (+133%), from €4,500 to €10,498
- Depreciation +€3,687
up €3,687 (+113%), from €3,277 to €6,964
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 | €379,830 | €463,164 | +€83,334 | +21.9% |
| Fixed assets | 21/28 | €10,018 | €10,667 | +€649 | +6.5% |
| Tangible fixed assets | 22/27 | €10,018 | €10,667 | +€649 | +6.5% |
| Plant, machinery and equipment | 23 | €3,082 | €5,990 | +€2,909 | +94.4% |
| Furniture and vehicles | 24 | €6,936 | €4,677 | -€2,260 | -32.6% |
| Current assets | 29/58 | €369,812 | €452,497 | +€82,685 | +22.4% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €110,742 | €177,967 | +€67,225 | +60.7% |
| Trade receivables | 40 | €26,727 | €41,837 | +€15,110 | +56.5% |
| Other amounts receivable | 41 | €84,015 | €136,130 | +€52,115 | +62.0% |
| Current investments | 50/53 | €0 | €16 | +€15 | +4,955% |
| Cash at bank and in hand | 54/58 | €105,967 | €24,917 | -€81,049 | -76.5% |
| Deferred charges and accrued income | 490/1 | €3,103 | €99,597 | +€96,494 | +3,110% |
| Total equity and liabilities | 10/49 | €379,830 | €463,164 | +€83,334 | +21.9% |
| Equity | 10/15 | €149,672 | €215,236 | +€65,564 | +43.8% |
| Contributions | 10/11 | €7,200 | €7,200 | = | 0.0% |
| Reserves | 13 | €18,965 | €18,965 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,965 | €16,965 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,507 | €189,070 | +€65,564 | +53.1% |
| Provisions and deferred taxes | 16 | €30,000 | €30,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €30,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable | 17/49 | €200,158 | €217,928 | +€17,770 | +8.9% |
| Amounts payable within one year | 42/48 | €200,029 | €217,800 | +€17,770 | +8.9% |
| Trade debts | 44 | €65,500 | €19,486 | -€46,014 | -70.3% |
| Suppliers | 440/4 | €65,500 | €19,486 | -€46,014 | -70.3% |
| Advances received on contracts in progress | 46 | €130,509 | €174,636 | +€44,127 | +33.8% |
| Taxes, remuneration and social security | 45 | €4,020 | €23,678 | +€19,658 | +489% |
| Taxes | 450/3 | €1,620 | €23,678 | +€22,058 | +1,362% |
| Remuneration and social security | 454/9 | €2,400 | €0 | -€2,400 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €128 | €128 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,277 | €6,964 | +€3,687 | +113% |
| Other operating charges | 640/8 | €1,518 | €795 | -€724 | -47.7% |
| Gross operating margin | 9900 | -€2,516 | €88,456 | +€90,973 | |
| Operating profit (loss) | 9901 | -€7,312 | €80,697 | +€88,009 | |
| Financial income | 75/76B | €4,500 | €10,498 | +€5,998 | +133% |
| Recurring financial income | 75 | €4,500 | €10,498 | +€5,998 | +133% |
| Financial charges | 65/66B | €109 | €694 | +€585 | +538% |
| Recurring financial charges | 65 | €109 | €694 | +€585 | +538% |
| Profit (loss) for the period before taxes | 9903 | -€2,920 | €90,501 | +€93,422 | |
| Income taxes | 67/77 | €4,200 | €24,937 | +€20,737 | +494% |
| Profit (loss) for the period | 9904 | -€7,120 | €65,564 | +€72,684 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,120 | €65,564 | +€72,684 |
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 20 October 2026 via checked.be.