VIA QUERCIA: 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.
VIA QUERCIA
Largest movements
- Cash +€43,504
up €43,504 (+90.1%), from €48,307 to €91,811
mainly Depreciation (+€31,256) and Other debts (+€15,458)
- Tangible fixed assets -€27,123
down €27,123 (-5.0%), from €540,645 to €513,522
of which Land and buildings: -€29,210
- Other debts +€15,458
up €15,458 (+4.0%), from €387,750 to €403,208
- Taxes -€3,715
down €3,715 (-78.8%), from €4,715 to €1,000
- Gross operating margin +€1,675
up €1,675 (+3.0%), from €55,797 to €57,472
- Depreciation +€1,381
up €1,381 (+4.6%), from €29,875 to €31,256
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 | €589,625 | €606,157 | +€16,532 | +2.8% |
| Fixed assets | 21/28 | €540,645 | €513,522 | -€27,123 | -5.0% |
| Tangible fixed assets | 22/27 | €540,645 | €513,522 | -€27,123 | -5.0% |
| Land and buildings | 22 | €538,347 | €509,137 | -€29,210 | -5.4% |
| Furniture and vehicles | 24 | €2,298 | €4,385 | +€2,087 | +90.8% |
| Current assets | 29/58 | €48,980 | €92,636 | +€43,656 | +89.1% |
| Amounts receivable within one year | 40/41 | €673 | €824 | +€151 | +22.5% |
| Trade receivables | 40 | €673 | €824 | +€151 | +22.5% |
| Cash at bank and in hand | 54/58 | €48,307 | €91,811 | +€43,504 | +90.1% |
| Total equity and liabilities | 10/49 | €589,625 | €606,157 | +€16,532 | +2.8% |
| Equity | 10/15 | €196,005 | €198,052 | +€2,047 | +1.0% |
| Contributions | 10/11 | €111,000 | €111,000 | = | 0.0% |
| Capital | 10 | €111,000 | €111,000 | = | 0.0% |
| Issued capital | 100 | €111,000 | €111,000 | = | 0.0% |
| Reserves | 13 | €85,005 | €87,052 | +€2,047 | +2.4% |
| Distributable reserves | 133 | €85,005 | €87,052 | +€2,047 | +2.4% |
| Amounts payable | 17/49 | €393,620 | €408,105 | +€14,486 | +3.7% |
| Amounts payable within one year | 42/48 | €393,620 | €408,105 | +€14,486 | +3.7% |
| Trade debts | 44 | €628 | €373 | -€255 | -40.7% |
| Suppliers | 440/4 | €628 | €373 | -€255 | -40.7% |
| Taxes, remuneration and social security | 45 | €5,242 | €4,525 | -€717 | -13.7% |
| Taxes | 450/3 | €5,149 | €4,432 | -€717 | -13.9% |
| Remuneration and social security | 454/9 | €93 | €93 | = | 0.0% |
| Other amounts payable | 47/48 | €387,750 | €403,208 | +€15,458 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,875 | €31,256 | +€1,381 | +4.6% |
| Other operating charges | 640/8 | €4,611 | €4,703 | +€92 | +2.0% |
| Non-recurring operating charges | 66A | - | €2,978 | +€2,978 | |
| Gross operating margin | 9900 | €55,797 | €57,472 | +€1,675 | +3.0% |
| Operating profit (loss) | 9901 | €21,311 | €18,535 | -€2,776 | -13.0% |
| Financial charges | 65/66B | €15,771 | €15,489 | -€282 | -1.8% |
| Recurring financial charges | 65 | €15,771 | €15,489 | -€282 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €5,541 | €3,047 | -€2,494 | -45.0% |
| Income taxes | 67/77 | €4,715 | €1,000 | -€3,715 | -78.8% |
| Profit (loss) for the period | 9904 | €826 | €2,047 | +€1,221 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €826 | €2,047 | +€1,221 | +148% |
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.