GQ SOLUTIONS: 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.
GQ SOLUTIONS
Largest movements
- Current investments +€643,368
up €643,368 (+65.6%), from €980,593 to €1.6m
- Receivables within one year -€532,398
down €532,398 (-92.6%), from €575,244 to €42,846
of which Other amounts receivable: -€506,148
- Cash -€155,511
down €155,511 (-66.7%), from €233,125 to €77,615
mainly Current investments (-€643,368) and Other debts (-€191,677)
- Other debts -€191,677
down €191,677 (-24.4%), from €786,903 to €595,226
- Reserves +€169,057
up €169,057 (+12.8%), from €1.3m to €1.5m
- Financial income -€94,646
down €94,646 (-33.7%), from €281,259 to €186,614
- Gross operating margin -€69,660
down €69,660 (-29.5%), from €236,381 to €166,721
- Taxes -€31,872
down €31,872 (-34.9%), from €91,345 to €59,473
- Financial charges +€2,531
up €2,531 (+7.8%), from €32,374 to €34,905
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 | €3,568,956 | €3,510,566 | -€58,390 | -1.6% |
| Fixed assets | 21/28 | €1,765,964 | €1,762,737 | -€3,227 | -0.2% |
| Tangible fixed assets | 22/27 | €12,464 | €9,237 | -€3,227 | -25.9% |
| Furniture and vehicles | 24 | €12,464 | €9,237 | -€3,227 | -25.9% |
| Financial fixed assets | 28 | €1,753,500 | €1,753,500 | = | 0.0% |
| Current assets | 29/58 | €1,802,992 | €1,747,829 | -€55,163 | -3.1% |
| Amounts receivable within one year | 40/41 | €575,244 | €42,846 | -€532,398 | -92.6% |
| Trade receivables | 40 | €41,375 | €15,125 | -€26,250 | -63.4% |
| Other amounts receivable | 41 | €533,869 | €27,721 | -€506,148 | -94.8% |
| Current investments | 50/53 | €980,593 | €1,623,960 | +€643,368 | +65.6% |
| Cash at bank and in hand | 54/58 | €233,125 | €77,615 | -€155,511 | -66.7% |
| Deferred charges and accrued income | 490/1 | €14,030 | €3,409 | -€10,621 | -75.7% |
| Total equity and liabilities | 10/49 | €3,568,956 | €3,510,566 | -€58,390 | -1.6% |
| Equity | 10/15 | €2,711,610 | €2,857,402 | +€145,792 | +5.4% |
| Contributions | 10/11 | €1,348,600 | €1,348,600 | = | 0.0% |
| Reserves | 13 | €1,324,453 | €1,493,511 | +€169,057 | +12.8% |
| Distributable reserves | 133 | €1,324,453 | €1,493,511 | +€169,057 | +12.8% |
| Profit (loss) carried forward | 14 | €38,557 | €15,291 | -€23,266 | -60.3% |
| Amounts payable | 17/49 | €857,346 | €653,164 | -€204,181 | -23.8% |
| Amounts payable within one year | 42/48 | €825,093 | €618,427 | -€206,666 | -25.0% |
| Trade debts | 44 | €3,825 | €3,432 | -€394 | -10.3% |
| Suppliers | 440/4 | €3,825 | €3,432 | -€394 | -10.3% |
| Taxes, remuneration and social security | 45 | €34,364 | €19,769 | -€14,595 | -42.5% |
| Taxes | 450/3 | €34,364 | €19,769 | -€14,595 | -42.5% |
| Other amounts payable | 47/48 | €786,903 | €595,226 | -€191,677 | -24.4% |
| Accrued charges and deferred income | 492/3 | €32,253 | €34,738 | +€2,485 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,146 | €5,252 | +€105 | +2.0% |
| Other operating charges | 640/8 | €2,191 | €1,952 | -€238 | -10.9% |
| Gross operating margin | 9900 | €236,381 | €166,721 | -€69,660 | -29.5% |
| Operating profit (loss) | 9901 | €229,044 | €159,517 | -€69,527 | -30.4% |
| Financial income | 75/76B | €281,259 | €186,614 | -€94,646 | -33.7% |
| Recurring financial income | 75 | €281,259 | €186,614 | -€94,646 | -33.7% |
| Financial charges | 65/66B | €32,374 | €34,905 | +€2,531 | +7.8% |
| Recurring financial charges | 65 | €32,374 | €34,905 | +€2,531 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €477,929 | €311,226 | -€166,703 | -34.9% |
| Income taxes | 67/77 | €91,345 | €59,473 | -€31,872 | -34.9% |
| Profit (loss) for the period | 9904 | €386,584 | €251,753 | -€134,831 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €386,584 | €251,753 | -€134,831 | -34.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.