ZQ Group: 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.
ZQ Group
Largest movements
- Tangible fixed assets -€11,309
down €11,309 (-27.9%), from €40,496 to €29,188
- Deferred charges and accrued income +€2,275
up €2,275 (+102%), from €2,225 to €4,501
- Debts after one year -€7,231
down €7,231 (-34.3%), from €21,113 to €13,882
- Accrued charges and deferred income -€3,351
down €3,351 (-83.7%), from €4,002 to €651
- Profit (loss) carried forward +€1,623
up €1,623 (+22.9%), from €7,088 to €8,710
- Short-term financial debts +€1,274
up €1,274 (+440%), from €290 to €1,564
- Other debts -€972
down €972 (-37.3%), from €2,608 to €1,635
- Gross operating margin +€7,081
up €7,081 (+77.3%), from €9,166 to €16,247
- Depreciation -€1,175
down €1,175 (-9.4%), from €12,483 to €11,309
- Taxes +€1,017
up €1,017 (+501%), from €203 to €1,220
- Financial charges +€325
up €325 (+23.9%), from €1,360 to €1,685
- Financial income +€249
up €249 (+9,296%), from €3 to €252
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 | €68,791 | €59,398 | -€9,393 | -13.7% |
| Fixed assets | 21/28 | €40,496 | €29,188 | -€11,309 | -27.9% |
| Tangible fixed assets | 22/27 | €40,496 | €29,188 | -€11,309 | -27.9% |
| Furniture and vehicles | 24 | €40,496 | €29,188 | -€11,309 | -27.9% |
| Current assets | 29/58 | €28,294 | €30,210 | +€1,916 | +6.8% |
| Amounts receivable within one year | 40/41 | €21,029 | €21,334 | +€305 | +1.5% |
| Trade receivables | 40 | €20,197 | €20,482 | +€285 | +1.4% |
| Other amounts receivable | 41 | €832 | €852 | +€20 | +2.4% |
| Cash at bank and in hand | 54/58 | €5,040 | €4,376 | -€665 | -13.2% |
| Deferred charges and accrued income | 490/1 | €2,225 | €4,501 | +€2,275 | +102% |
| Total equity and liabilities | 10/49 | €68,791 | €59,398 | -€9,393 | -13.7% |
| Equity | 10/15 | €25,680 | €27,302 | +€1,623 | +6.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,088 | €8,710 | +€1,623 | +22.9% |
| Amounts payable | 17/49 | €43,111 | €32,096 | -€11,015 | -25.6% |
| Amounts payable after more than one year | 17 | €21,113 | €13,882 | -€7,231 | -34.3% |
| Financial debts | 170/4 | €21,113 | €13,882 | -€7,231 | -34.3% |
| Amounts payable within one year | 42/48 | €17,996 | €17,564 | -€433 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €7,001 | €7,231 | +€231 | +3.3% |
| Financial debts | 43 | €290 | €1,564 | +€1,274 | +440% |
| Credit institutions | 430/8 | €290 | €1,564 | +€1,274 | +440% |
| Trade debts | 44 | €4,919 | €4,309 | -€610 | -12.4% |
| Suppliers | 440/4 | €4,919 | €4,309 | -€610 | -12.4% |
| Taxes, remuneration and social security | 45 | €3,179 | €2,824 | -€355 | -11.2% |
| Taxes | 450/3 | €3,179 | €2,824 | -€355 | -11.2% |
| Other amounts payable | 47/48 | €2,608 | €1,635 | -€972 | -37.3% |
| Accrued charges and deferred income | 492/3 | €4,002 | €651 | -€3,351 | -83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,483 | €11,309 | -€1,175 | -9.4% |
| Other operating charges | 640/8 | €798 | €663 | -€135 | -17.0% |
| Gross operating margin | 9900 | €9,166 | €16,247 | +€7,081 | +77.3% |
| Operating profit (loss) | 9901 | -€4,115 | €4,276 | +€8,391 | |
| Financial income | 75/76B | €3 | €252 | +€249 | +9,296% |
| Recurring financial income | 75 | €3 | €252 | +€249 | +9,296% |
| Financial charges | 65/66B | €1,360 | €1,685 | +€325 | +23.9% |
| Recurring financial charges | 65 | €1,360 | €1,685 | +€325 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,473 | €2,843 | +€8,316 | |
| Income taxes | 67/77 | €203 | €1,220 | +€1,017 | +501% |
| Profit (loss) for the period | 9904 | -€5,676 | €1,623 | +€7,298 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,676 | €1,623 | +€7,298 |
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.