QUEN: 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.
QUEN
Largest movements
- Receivables within one year +€1,268
up €1,268 (+4.0%), from €31,460 to €32,728
of which Other amounts receivable: +€746
- Cash -€541
down €541 (-53.9%), from €1,004 to €463
mainly Receivables within one year (-€1,268) and Trade debts (-€1,043)
- Profit (loss) carried forward +€1,158
up €1,158 (+1.7%), from -€69,995 to -€68,837
- Trade debts -€1,043
down €1,043 (-12.4%), from €8,443 to €7,400
- Tax, wage and social debts +€444
up €444 (+14.7%), from €3,028 to €3,473
- Gross operating margin -€12,102
down €12,102 (-79.6%), from €15,210 to €3,107
- Taxes -€2,584
down €2,584 (-85.3%), from €3,028 to €444
- Financial charges +€796
up €796 (+564%), from €141 to €937
- Financial income -€249
no longer reported in 2025 (was €249)
of which Non-recurring financial income: -€248
- Other operating charges -€208
down €208 (-34.2%), from €607 to €400
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 | €32,934 | €33,493 | +€559 | +1.7% |
| Fixed assets | 21/28 | €470 | €302 | -€168 | -35.8% |
| Tangible fixed assets | 22/27 | €470 | €302 | -€168 | -35.8% |
| Plant, machinery and equipment | 23 | €243 | €157 | -€86 | -35.3% |
| Furniture and vehicles | 24 | €227 | €144 | -€82 | -36.4% |
| Current assets | 29/58 | €32,464 | €33,191 | +€727 | +2.2% |
| Amounts receivable within one year | 40/41 | €31,460 | €32,728 | +€1,268 | +4.0% |
| Trade receivables | 40 | €18,599 | €19,122 | +€523 | +2.8% |
| Other amounts receivable | 41 | €12,860 | €13,606 | +€746 | +5.8% |
| Cash at bank and in hand | 54/58 | €1,004 | €463 | -€541 | -53.9% |
| Total equity and liabilities | 10/49 | €32,934 | €33,493 | +€559 | +1.7% |
| Equity | 10/15 | -€458 | €699 | +€1,158 | |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €7,563 | €7,563 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,366 | €1,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,995 | -€68,837 | +€1,158 | +1.7% |
| Amounts payable | 17/49 | €33,392 | €32,794 | -€599 | -1.8% |
| Amounts payable after more than one year | 17 | €21,921 | €21,921 | = | 0.0% |
| Other amounts payable | 178/9 | €21,921 | €21,921 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,471 | €10,872 | -€599 | -5.2% |
| Trade debts | 44 | €8,443 | €7,400 | -€1,043 | -12.4% |
| Suppliers | 440/4 | €8,443 | €7,400 | -€1,043 | -12.4% |
| Taxes, remuneration and social security | 45 | €3,028 | €3,473 | +€444 | +14.7% |
| Taxes | 450/3 | €3,028 | €3,473 | +€444 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168 | €168 | = | 0.0% |
| Other operating charges | 640/8 | €607 | €400 | -€208 | -34.2% |
| Non-recurring operating charges | 66A | €147 | - | -€147 | |
| Gross operating margin | 9900 | €15,210 | €3,107 | -€12,102 | -79.6% |
| Operating profit (loss) | 9901 | €14,287 | €2,539 | -€11,748 | -82.2% |
| Financial income | 75/76B | €249 | - | -€249 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Non-recurring financial income | 76B | €248 | - | -€248 | |
| Financial charges | 65/66B | €141 | €937 | +€796 | +564% |
| Recurring financial charges | 65 | €141 | €937 | +€796 | +564% |
| Profit (loss) for the period before taxes | 9903 | €14,395 | €1,602 | -€12,793 | -88.9% |
| Income taxes | 67/77 | €3,028 | €444 | -€2,584 | -85.3% |
| Profit (loss) for the period | 9904 | €11,366 | €1,158 | -€10,209 | -89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,366 | €1,158 | -€10,209 | -89.8% |
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 19 October 2026 via checked.be.