DQS Belgium: 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.
DQS Belgium
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Tangible fixed assets -€14,827
down €14,827 (-3.1%), from €484,130 to €469,302
of which Land and buildings: -€15,707
- Cash -€13,029
down €13,029 (-4.9%), from €266,420 to €253,390
mainly Current investments (-€100,000) and Other debts (-€46,148)
- Reserves +€132,067
up €132,067 (+36.1%), from €365,981 to €498,048
- Other debts -€46,148
down €46,148 (-96.1%), from €48,034 to €1,887
- Trade debts +€27,367
up €27,367 (+37.4%), from €73,088 to €100,455
- Debts after one year -€21,584
down €21,584 (-7.0%), from €308,988 to €287,405
- Tax, wage and social debts -€12,330
down €12,330 (-48.2%), from €25,592 to €13,262
of which Taxes: -€18,042
- Staff costs +€13,354
up €13,354 (+55.6%), from €24,035 to €37,389
- Gross operating margin +€7,344
up €7,344 (+2.9%), from €251,077 to €258,421
- Depreciation +€6,998
up €6,998 (+54.3%), from €12,891 to €19,888
- Financial charges +€3,309
up €3,309 (+45.1%), from €7,331 to €10,640
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 | €842,725 | €922,667 | +€79,942 | +9.5% |
| Fixed assets | 21/28 | €484,130 | €469,302 | -€14,827 | -3.1% |
| Tangible fixed assets | 22/27 | €484,130 | €469,302 | -€14,827 | -3.1% |
| Land and buildings | 22 | €468,244 | €452,537 | -€15,707 | -3.4% |
| Furniture and vehicles | 24 | €7,727 | €8,961 | +€1,234 | +16.0% |
| Other tangible fixed assets | 26 | €8,158 | €7,804 | -€354 | -4.3% |
| Current assets | 29/58 | €358,595 | €453,365 | +€94,769 | +26.4% |
| Amounts receivable within one year | 40/41 | €92,176 | €97,586 | +€5,410 | +5.9% |
| Trade receivables | 40 | €90,441 | €92,643 | +€2,202 | +2.4% |
| Other amounts receivable | 41 | €1,735 | €4,943 | +€3,208 | +185% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €266,420 | €253,390 | -€13,029 | -4.9% |
| Deferred charges and accrued income | 490/1 | €0 | €2,388 | +€2,388 | |
| Total equity and liabilities | 10/49 | €842,725 | €922,667 | +€79,942 | +9.5% |
| Equity | 10/15 | €365,981 | €498,048 | +€132,067 | +36.1% |
| Reserves | 13 | €365,981 | €498,048 | +€132,067 | +36.1% |
| Distributable reserves | 133 | €365,981 | €498,048 | +€132,067 | +36.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €476,744 | €424,619 | -€52,126 | -10.9% |
| Amounts payable after more than one year | 17 | €308,988 | €287,405 | -€21,584 | -7.0% |
| Financial debts | 170/4 | €308,988 | €287,405 | -€21,584 | -7.0% |
| Amounts payable within one year | 42/48 | €167,729 | €137,187 | -€30,542 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €21,015 | €21,584 | +€569 | +2.7% |
| Trade debts | 44 | €73,088 | €100,455 | +€27,367 | +37.4% |
| Suppliers | 440/4 | €73,088 | €100,455 | +€27,367 | +37.4% |
| Taxes, remuneration and social security | 45 | €25,592 | €13,262 | -€12,330 | -48.2% |
| Taxes | 450/3 | €23,482 | €5,440 | -€18,042 | -76.8% |
| Remuneration and social security | 454/9 | €2,110 | €7,822 | +€5,712 | +271% |
| Other amounts payable | 47/48 | €48,034 | €1,887 | -€46,148 | -96.1% |
| Accrued charges and deferred income | 492/3 | €27 | €27 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €24,035 | €37,389 | +€13,354 | +55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,891 | €19,888 | +€6,998 | +54.3% |
| Other operating charges | 640/8 | €1,483 | €1,739 | +€256 | +17.2% |
| Gross operating margin | 9900 | €251,077 | €258,421 | +€7,344 | +2.9% |
| Operating profit (loss) | 9901 | €212,668 | €199,405 | -€13,263 | -6.2% |
| Financial income | 75/76B | €0 | €94 | +€94 | +313,167% |
| Recurring financial income | 75 | €0 | €94 | +€94 | +313,167% |
| Financial charges | 65/66B | €7,331 | €10,640 | +€3,309 | +45.1% |
| Recurring financial charges | 65 | €7,331 | €10,640 | +€3,309 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €205,337 | €188,859 | -€16,478 | -8.0% |
| Income taxes | 67/77 | €56,872 | €56,792 | -€81 | -0.1% |
| Profit (loss) for the period | 9904 | €148,464 | €132,067 | -€16,397 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €148,464 | €132,067 | -€16,397 | -11.0% |
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 1 November 2026 via checked.be.