VAN QUEKELBERGHE: 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.
VAN QUEKELBERGHE
Largest movements
- Receivables within one year +€20,706
up €20,706 (+14.7%), from €141,315 to €162,021
of which Other amounts receivable: +€20,667
- Tangible fixed assets -€12,182
down €12,182 (-3.3%), from €373,159 to €360,977
- Cash -€11,047
down €11,047 (-41.8%), from €26,414 to €15,367
mainly Receivables within one year (-€20,706) and Debts after one year (-€13,375)
- Debts after one year -€13,375
down €13,375 (-4.8%), from €276,697 to €263,323
- Accrued charges and deferred income +€9,027
new in 2025: €9,027
- Profit (loss) carried forward +€8,194
up €8,194 (+62.8%), from -€13,042 to -€4,847
- Other debts -€8,003
down €8,003 (-6.2%), from €130,003 to €122,000
- Staff costs -€50,173
down €50,173 (-99.8%), from €50,278 to €105
- Gross operating margin -€41,488
down €41,488 (-50.1%), from €82,834 to €41,346
- Depreciation -€18,215
down €18,215 (-59.9%), from €30,397 to €12,182
- Financial charges +€8,732
up €8,732 (+76.5%), from €11,408 to €20,140
- Financial income +€1,693
up €1,693 (+390%), from €434 to €2,127
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 | €543,377 | €542,371 | -€1,006 | -0.2% |
| Fixed assets | 21/28 | €373,159 | €360,977 | -€12,182 | -3.3% |
| Tangible fixed assets | 22/27 | €373,159 | €360,977 | -€12,182 | -3.3% |
| Land and buildings | 22 | €373,159 | €360,977 | -€12,182 | -3.3% |
| Current assets | 29/58 | €170,218 | €181,395 | +€11,177 | +6.6% |
| Amounts receivable within one year | 40/41 | €141,315 | €162,021 | +€20,706 | +14.7% |
| Trade receivables | 40 | €1,276 | €1,314 | +€39 | +3.0% |
| Other amounts receivable | 41 | €140,039 | €160,706 | +€20,667 | +14.8% |
| Cash at bank and in hand | 54/58 | €26,414 | €15,367 | -€11,047 | -41.8% |
| Deferred charges and accrued income | 490/1 | €2,489 | €4,007 | +€1,518 | +61.0% |
| Total equity and liabilities | 10/49 | €543,377 | €542,371 | -€1,006 | -0.2% |
| Equity | 10/15 | €122,961 | €131,155 | +€8,194 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,402 | €117,402 | = | 0.0% |
| Distributable reserves | 133 | €117,402 | €117,402 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,042 | -€4,847 | +€8,194 | +62.8% |
| Amounts payable | 17/49 | €420,416 | €411,216 | -€9,200 | -2.2% |
| Amounts payable after more than one year | 17 | €276,697 | €263,323 | -€13,375 | -4.8% |
| Financial debts | 170/4 | €276,697 | €263,323 | -€13,375 | -4.8% |
| Amounts payable within one year | 42/48 | €143,719 | €138,866 | -€4,852 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €12,878 | €13,375 | +€497 | +3.9% |
| Trade debts | 44 | €151 | €1,205 | +€1,053 | +695% |
| Suppliers | 440/4 | €151 | €1,205 | +€1,053 | +695% |
| Taxes, remuneration and social security | 45 | €686 | €2,287 | +€1,601 | +233% |
| Taxes | 450/3 | €686 | €2,287 | +€1,601 | +233% |
| Other amounts payable | 47/48 | €130,003 | €122,000 | -€8,003 | -6.2% |
| Accrued charges and deferred income | 492/3 | - | €9,027 | +€9,027 | |
| Non-recurring operating income | 76A | €5,768 | - | -€5,768 | |
| Remuneration, social security and pensions | 62 | €50,278 | €105 | -€50,173 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,397 | €12,182 | -€18,215 | -59.9% |
| Other operating charges | 640/8 | €4,227 | €2,852 | -€1,375 | -32.5% |
| Gross operating margin | 9900 | €82,834 | €41,346 | -€41,488 | -50.1% |
| Operating profit (loss) | 9901 | -€2,068 | €26,207 | +€28,275 | |
| Financial income | 75/76B | €434 | €2,127 | +€1,693 | +390% |
| Recurring financial income | 75 | €434 | €2,127 | +€1,693 | +390% |
| Financial charges | 65/66B | €11,408 | €20,140 | +€8,732 | +76.5% |
| Recurring financial charges | 65 | €11,408 | €20,140 | +€8,732 | +76.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,042 | €8,194 | +€21,236 | |
| Profit (loss) for the period | 9904 | -€13,042 | €8,194 | +€21,236 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,042 | €8,194 | +€21,236 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.