RepQuest: 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.
RepQuest
Largest movements
- Cash -€29,458
down €29,458 (-92.0%), from €32,030 to €2,572
mainly Investment in fixed assets (net) (-€42,073) and Net result for the year (-€27,111)
- Intangible fixed assets +€14,005
up €14,005 (+30.5%), from €45,870 to €59,875
- Tangible fixed assets -€3,968
down €3,968 (-41.9%), from €9,476 to €5,508
- Receivables within one year -€3,871
down €3,871 (-29.3%), from €13,228 to €9,357
of which Trade receivables: -€1,998
- Profit (loss) carried forward -€27,111
down €27,111 (-240.3%), from -€11,282 to -€38,393
- Current portion of long-term debt +€22,903
up €22,903 (+553.5%), from €4,138 to €27,041
- Accrued charges and deferred income -€10,187
no longer reported in 2025 (was €10,187)
- Trade debts -€5,838
down €5,838 (-41.6%), from €14,020 to €8,182
- Debts after one year -€1,735
no longer reported in 2025 (was €1,735)
- Depreciation +€20,746
up €20,746 (+183.8%), from €11,290 to €32,036
- Staff costs +€7,647
up €7,647 (+10.5%), from €72,851 to €80,498
- Gross operating margin -€3,845
down €3,845 (-4.3%), from €88,821 to €84,976
- Taxes -€2,441
down €2,441 (-83.7%), from €2,915 to €474
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 | €101,663 | €77,967 | -€23,696 | -23.3% |
| Fixed assets | 21/28 | €55,346 | €65,383 | +€10,037 | +18.1% |
| Intangible fixed assets | 21 | €45,870 | €59,875 | +€14,005 | +30.5% |
| Tangible fixed assets | 22/27 | €9,476 | €5,508 | -€3,968 | -41.9% |
| Furniture and vehicles | 24 | €9,476 | €5,508 | -€3,968 | -41.9% |
| Current assets | 29/58 | €46,317 | €12,584 | -€33,733 | -72.8% |
| Amounts receivable within one year | 40/41 | €13,228 | €9,357 | -€3,871 | -29.3% |
| Trade receivables | 40 | €11,355 | €9,357 | -€1,998 | -17.6% |
| Other amounts receivable | 41 | €1,873 | - | -€1,873 | |
| Cash at bank and in hand | 54/58 | €32,030 | €2,572 | -€29,458 | -92.0% |
| Deferred charges and accrued income | 490/1 | €1,059 | €655 | -€404 | -38.1% |
| Total equity and liabilities | 10/49 | €101,663 | €77,967 | -€23,696 | -23.3% |
| Equity | 10/15 | €54,051 | €25,274 | -€28,777 | -53.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,282 | -€38,393 | -€27,111 | -240.3% |
| Investment grants | 15 | €3,333 | €1,667 | -€1,666 | -50.0% |
| Amounts payable | 17/49 | €47,612 | €52,693 | +€5,081 | +10.7% |
| Amounts payable after more than one year | 17 | €1,735 | - | -€1,735 | |
| Financial debts | 170/4 | €1,735 | - | -€1,735 | |
| Amounts payable within one year | 42/48 | €35,690 | €52,693 | +€17,003 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | €4,138 | €27,041 | +€22,903 | +553.5% |
| Trade debts | 44 | €14,020 | €8,182 | -€5,838 | -41.6% |
| Suppliers | 440/4 | €14,020 | €8,182 | -€5,838 | -41.6% |
| Taxes, remuneration and social security | 45 | €17,532 | €17,470 | -€62 | -0.4% |
| Taxes | 450/3 | €7,108 | €5,783 | -€1,325 | -18.6% |
| Remuneration and social security | 454/9 | €10,424 | €11,687 | +€1,263 | +12.1% |
| Accrued charges and deferred income | 492/3 | €10,187 | - | -€10,187 | |
| Remuneration, social security and pensions | 62 | €72,851 | €80,498 | +€7,647 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,290 | €32,036 | +€20,746 | +183.8% |
| Other operating charges | 640/8 | €231 | €239 | +€8 | +3.5% |
| Gross operating margin | 9900 | €88,821 | €84,976 | -€3,845 | -4.3% |
| Operating profit (loss) | 9901 | €4,449 | -€27,797 | -€32,246 | |
| Financial income | 75/76B | €1,667 | €1,667 | = | 0.0% |
| Recurring financial income | 75 | €1,667 | €1,667 | = | 0.0% |
| Financial charges | 65/66B | €238 | €507 | +€269 | +113.0% |
| Recurring financial charges | 65 | €238 | €507 | +€269 | +113.0% |
| Profit (loss) for the period before taxes | 9903 | €5,878 | -€26,637 | -€32,515 | |
| Income taxes | 67/77 | €2,915 | €474 | -€2,441 | -83.7% |
| Profit (loss) for the period | 9904 | €2,963 | -€27,111 | -€30,074 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,963 | -€27,111 | -€30,074 |
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 9 October 2026 via checked.be.