YQU: what changed
Two fiscal 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.
YQU
Largest movements
- Current investments +€180,000
up €180,000 (+360.0%), from €50,000 to €230,000
- Receivables within one year -€103,154
down €103,154 (-51.4%), from €200,851 to €97,697
of which Trade receivables: -€103,153
- Cash +€23,082
up €23,082 (+23.2%), from €99,433 to €122,516
mainly Net result for the year (+€242,295) and Receivables within one year (+€103,154)
- Deferred charges and accrued income +€4,771
up €4,771 (+219.7%), from €2,172 to €6,943
- Profit (loss) carried forward +€242,295
up €242,295 (+296.1%), from €81,817 to €324,111
- Other debts -€87,227
down €87,227 (-97.1%), from €89,795 to €2,568
- Trade debts -€37,072
down €37,072 (-36.1%), from €102,620 to €65,548
- Tax, wage and social debts -€9,409
down €9,409 (-33.7%), from €27,940 to €18,531
of which Taxes: -€9,409
- Gross operating margin +€96,739
up €96,739 (+42.0%), from €230,200 to €326,939
- Taxes +€30,487
up €30,487 (+58.7%), from €51,932 to €82,419
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 | €361,988 | €466,762 | +€104,774 | +28.9% |
| Fixed assets | 21/28 | €9,532 | €9,607 | +€75 | +0.8% |
| Tangible fixed assets | 22/27 | €9,532 | €9,607 | +€75 | +0.8% |
| Furniture and vehicles | 24 | €9,532 | €9,607 | +€75 | +0.8% |
| Current assets | 29/58 | €352,456 | €457,155 | +€104,699 | +29.7% |
| Amounts receivable within one year | 40/41 | €200,851 | €97,697 | -€103,154 | -51.4% |
| Trade receivables | 40 | €200,839 | €97,686 | -€103,153 | -51.4% |
| Other amounts receivable | 41 | €12 | €11 | -€1 | -12.3% |
| Current investments | 50/53 | €50,000 | €230,000 | +€180,000 | +360.0% |
| Cash at bank and in hand | 54/58 | €99,433 | €122,516 | +€23,082 | +23.2% |
| Deferred charges and accrued income | 490/1 | €2,172 | €6,943 | +€4,771 | +219.7% |
| Total equity and liabilities | 10/49 | €361,988 | €466,762 | +€104,774 | +28.9% |
| Equity | 10/15 | €135,037 | €377,331 | +€242,295 | +179.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,220 | €50,220 | = | 0.0% |
| Distributable reserves | 133 | €50,220 | €50,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,817 | €324,111 | +€242,295 | +296.1% |
| Amounts payable | 17/49 | €226,951 | €89,431 | -€137,521 | -60.6% |
| Amounts payable after more than one year | 17 | €1,967 | - | -€1,967 | |
| Financial debts | 170/4 | €1,967 | - | -€1,967 | |
| Amounts payable within one year | 42/48 | €224,985 | €89,431 | -€135,554 | -60.3% |
| Current portion of amounts payable after more than one year | 42 | €4,630 | €1,967 | -€2,663 | -57.5% |
| Financial debts | 43 | - | €817 | +€817 | |
| Credit institutions | 430/8 | - | €817 | +€817 | |
| Trade debts | 44 | €102,620 | €65,548 | -€37,072 | -36.1% |
| Suppliers | 440/4 | €102,620 | €65,548 | -€37,072 | -36.1% |
| Taxes, remuneration and social security | 45 | €27,940 | €18,531 | -€9,409 | -33.7% |
| Taxes | 450/3 | €27,940 | €18,531 | -€9,409 | -33.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €89,795 | €2,568 | -€87,227 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,138 | €5,032 | -€1,106 | -18.0% |
| Other operating charges | 640/8 | €2,991 | €1,453 | -€1,538 | -51.4% |
| Gross operating margin | 9900 | €230,200 | €326,939 | +€96,739 | +42.0% |
| Operating profit (loss) | 9901 | €221,071 | €320,454 | +€99,384 | +45.0% |
| Financial income | 75/76B | €1,560 | €4,673 | +€3,113 | +199.5% |
| Recurring financial income | 75 | €1,560 | €1,458 | -€103 | -6.6% |
| Non-recurring financial income | 76B | - | €3,216 | +€3,216 | |
| Financial charges | 65/66B | €1,382 | €413 | -€969 | -70.1% |
| Recurring financial charges | 65 | €1,382 | €413 | -€969 | -70.1% |
| Profit (loss) for the period before taxes | 9903 | €221,249 | €324,714 | +€103,466 | +46.8% |
| Income taxes | 67/77 | €51,932 | €82,419 | +€30,487 | +58.7% |
| Profit (loss) for the period | 9904 | €169,317 | €242,295 | +€72,978 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €169,317 | €242,295 | +€72,978 | +43.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.