QUEST4: 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.
QUEST4
Largest movements
- Current investments +€11,515
new in 2025: €11,515
- Tangible fixed assets -€7,623
down €7,623 (-21.7%), from €35,147 to €27,524
of which Furniture and vehicles: -€7,392
- Cash +€3,938
up €3,938 (+40.4%), from €9,758 to €13,697
mainly Depreciation (+€10,657) and Net result for the year (+€9,332)
- Deferred charges and accrued income +€1,896
up €1,896 (+68.6%), from €2,764 to €4,660
- Profit (loss) carried forward +€9,332
up €9,332 (+27.5%), from -€33,915 to -€24,583
- Other debts -€1,144
down €1,144 (-1.9%), from €59,261 to €58,117
- Tax, wage and social debts +€782
up €782 (+34.4%), from €2,275 to €3,057
- Gross operating margin +€10,335
up €10,335 (+76.7%), from €13,475 to €23,810
- Depreciation -€1,860
down €1,860 (-14.9%), from €12,517 to €10,657
- Other operating charges -€1,676
down €1,676 (-39.1%), from €4,291 to €2,615
- Financial charges -€1,619
down €1,619 (-79.7%), from €2,031 to €412
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 | €52,859 | €62,238 | +€9,379 | +17.7% |
| Fixed assets | 21/28 | €35,612 | €27,989 | -€7,623 | -21.4% |
| Tangible fixed assets | 22/27 | €35,147 | €27,524 | -€7,623 | -21.7% |
| Plant, machinery and equipment | 23 | €5,825 | €6,027 | +€202 | +3.5% |
| Furniture and vehicles | 24 | €28,456 | €21,065 | -€7,392 | -26.0% |
| Other tangible fixed assets | 26 | €866 | €433 | -€433 | -50.0% |
| Financial fixed assets | 28 | €465 | €465 | = | 0.0% |
| Current assets | 29/58 | €17,247 | €34,248 | +€17,001 | +98.6% |
| Amounts receivable within one year | 40/41 | €4,725 | €4,377 | -€347 | -7.4% |
| Trade receivables | 40 | €4,230 | €4,367 | +€137 | +3.2% |
| Other amounts receivable | 41 | €494 | €10 | -€484 | -98.0% |
| Current investments | 50/53 | - | €11,515 | +€11,515 | |
| Cash at bank and in hand | 54/58 | €9,758 | €13,697 | +€3,938 | +40.4% |
| Deferred charges and accrued income | 490/1 | €2,764 | €4,660 | +€1,896 | +68.6% |
| Total equity and liabilities | 10/49 | €52,859 | €62,238 | +€9,379 | +17.7% |
| Equity | 10/15 | -€15,015 | -€5,683 | +€9,332 | +62.2% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,915 | -€24,583 | +€9,332 | +27.5% |
| Amounts payable | 17/49 | €67,874 | €67,921 | +€47 | +0.1% |
| Amounts payable within one year | 42/48 | €67,874 | €67,921 | +€47 | +0.1% |
| Financial debts | 43 | - | €224 | +€224 | |
| Credit institutions | 430/8 | - | €224 | +€224 | |
| Trade debts | 44 | €6,339 | €6,523 | +€184 | +2.9% |
| Suppliers | 440/4 | €6,339 | €6,523 | +€184 | +2.9% |
| Taxes, remuneration and social security | 45 | €2,275 | €3,057 | +€782 | +34.4% |
| Taxes | 450/3 | €2,275 | €3,057 | +€782 | +34.4% |
| Other amounts payable | 47/48 | €59,261 | €58,117 | -€1,144 | -1.9% |
| Non-recurring operating income | 76A | €15,385 | - | -€15,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,517 | €10,657 | -€1,860 | -14.9% |
| Other operating charges | 640/8 | €4,291 | €2,615 | -€1,676 | -39.1% |
| Non-recurring operating charges | 66A | €24,845 | - | -€24,845 | |
| Gross operating margin | 9900 | €13,475 | €23,810 | +€10,335 | +76.7% |
| Operating profit (loss) | 9901 | -€28,178 | €10,539 | +€38,717 | |
| Financial income | 75/76B | €138 | €41 | -€97 | -70.6% |
| Recurring financial income | 75 | €138 | €41 | -€97 | -70.6% |
| Financial charges | 65/66B | €2,031 | €412 | -€1,619 | -79.7% |
| Recurring financial charges | 65 | €2,031 | €412 | -€1,619 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | -€30,072 | €10,167 | +€40,239 | |
| Income taxes | 67/77 | €797 | €835 | +€38 | +4.8% |
| Profit (loss) for the period | 9904 | -€30,868 | €9,332 | +€40,201 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,868 | €9,332 | +€40,201 |
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 14 October 2026 via checked.be.