QUERCA: what changed
What changed
QUERCA
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€19,097
2024 · €25,192-€6,095
Equity
€130,846
2024 · €111,749+€19,097
Cash
€45,738
2024 · €6,711+€39,026
Balance sheet total
€767,723
2024 · €770,401-€2,678
Largest movements
Assets
- Tangible fixed assets -€43,414
down €43,414 (-5.7%), from €755,073 to €711,659
of which Land and buildings: -€41,480
- Cash +€39,026
up €39,026 (+581%), from €6,711 to €45,738
mainly Depreciation (+€43,414) and Net result for the year (+€19,097)
Equity and liabilities
- Debts after one year -€23,488
down €23,488 (-11.3%), from €208,015 to €184,527
- Reserves +€19,095
up €19,095 (+20.5%), from €93,140 to €112,235
of which Distributable reserves: +€19,095
- Other debts -€8,848
down €8,848 (-2.2%), from €400,824 to €391,976
Income statement
- Gross operating margin -€8,397
down €8,397 (-9.9%), from €84,704 to €76,306
- Taxes -€1,412
down €1,412 (-13.3%), from €10,640 to €9,228
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€25,192
Gross operating margin
-€8,397
Depreciation
-€204
Other operating charges
+€273
Financial income
+€100
Financial charges
+€721
Taxes
+€1,412
Result 2025
€19,097
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€62,133
Investment
€0
Financing
-€23,107
Cash 2024
€6,711
From operations (derived)
+€62,133
Net result for the year
+€19,097
Depreciation
+€43,414
Receivables within one year
+€4,298
Deferred charges and accrued income
-€6,008
Trade debts
+€3,285
Tax, wage and social debts
+€4,254
Other debts
-€8,848
Accrued charges and deferred income
+€2,640
Financing
-€23,107
Debts after one year
-€23,488
Current portion of long-term debt
+€382
Cash 2025
€45,738
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €770,401 | €767,723 | -€2,678 | -0.3% |
| Fixed assets | 21/28 | €757,459 | €714,045 | -€43,414 | -5.7% |
| Tangible fixed assets | 22/27 | €755,073 | €711,659 | -€43,414 | -5.7% |
| Land and buildings | 22 | €738,176 | €696,696 | -€41,480 | -5.6% |
| Furniture and vehicles | 24 | €16,897 | €14,963 | -€1,934 | -11.4% |
| Financial fixed assets | 28 | €2,386 | €2,386 | = | 0.0% |
| Current assets | 29/58 | €12,942 | €53,678 | +€40,736 | +315% |
| Amounts receivable within one year | 40/41 | €4,418 | €119 | -€4,298 | -97.3% |
| Trade receivables | 40 | €4,418 | €119 | -€4,298 | -97.3% |
| Cash at bank and in hand | 54/58 | €6,711 | €45,738 | +€39,026 | +581% |
| Deferred charges and accrued income | 490/1 | €1,813 | €7,821 | +€6,008 | +331% |
| Total equity and liabilities | 10/49 | €770,401 | €767,723 | -€2,678 | -0.3% |
| Equity | 10/15 | €111,749 | €130,846 | +€19,097 | +17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,140 | €112,235 | +€19,095 | +20.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,749 | €1,749 | = | 0.0% |
| Distributable reserves | 133 | €89,531 | €108,626 | +€19,095 | +21.3% |
| Profit (loss) carried forward | 14 | €9 | €11 | +€2 | +19.1% |
| Amounts payable | 17/49 | €658,652 | €636,877 | -€21,775 | -3.3% |
| Amounts payable after more than one year | 17 | €208,015 | €184,527 | -€23,488 | -11.3% |
| Financial debts | 170/4 | €208,015 | €184,527 | -€23,488 | -11.3% |
| Amounts payable within one year | 42/48 | €444,647 | €443,719 | -€927 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €23,107 | €23,488 | +€382 | +1.7% |
| Trade debts | 44 | €7,146 | €10,431 | +€3,285 | +46.0% |
| Suppliers | 440/4 | €6,238 | €10,431 | +€4,193 | +67.2% |
| Bills of exchange payable | 441 | €908 | - | -€908 | |
| Taxes, remuneration and social security | 45 | €13,570 | €17,824 | +€4,254 | +31.3% |
| Taxes | 450/3 | €13,570 | €17,824 | +€4,254 | +31.3% |
| Other amounts payable | 47/48 | €400,824 | €391,976 | -€8,848 | -2.2% |
| Accrued charges and deferred income | 492/3 | €5,990 | €8,631 | +€2,640 | +44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,210 | €43,414 | +€204 | +0.5% |
| Other operating charges | 640/8 | €960 | €687 | -€273 | -28.4% |
| Gross operating margin | 9900 | €84,704 | €76,306 | -€8,397 | -9.9% |
| Operating profit (loss) | 9901 | €40,533 | €32,205 | -€8,329 | -20.5% |
| Financial income | 75/76B | €1 | €101 | +€100 | +12,104% |
| Recurring financial income | 75 | €1 | €101 | +€100 | +12,104% |
| Financial charges | 65/66B | €4,702 | €3,981 | -€721 | -15.3% |
| Recurring financial charges | 65 | €4,702 | €3,981 | -€721 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €35,832 | €28,325 | -€7,507 | -21.0% |
| Income taxes | 67/77 | €10,640 | €9,228 | -€1,412 | -13.3% |
| Profit (loss) for the period | 9904 | €25,192 | €19,097 | -€6,095 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,192 | €19,097 | -€6,095 | -24.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.