JQF Consulting: 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.
JQF Consulting
Largest movements
- Receivables within one year +€114,596
up €114,596 (+391%), from €29,314 to €143,910
of which Other amounts receivable: +€71,036
- Receivables after one year -€30,000
no longer reported in 2025 (was €30,000)
- Current investments +€17,136
new in 2025: €17,136
- Tangible fixed assets -€14,983
no longer reported in 2025 (was €14,983)
- Cash +€11,951
up €11,951 (+10.1%), from €118,723 to €130,674
mainly Net result for the year (+€107,229) and Receivables after one year (+€30,000)
- Reserves +€107,229
up €107,229 (+80.7%), from €132,850 to €240,080
- Current portion of long-term debt -€7,903
down €7,903 (-65.5%), from €12,062 to €4,159
- Tax, wage and social debts +€4,214
up €4,214 (+10.3%), from €40,948 to €45,162
- Debts after one year -€4,159
no longer reported in 2025 (was €4,159)
- Gross operating margin +€61,437
up €61,437 (+62.9%), from €97,609 to €159,046
- Taxes +€16,134
up €16,134 (+86.9%), from €18,562 to €34,696
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 | €193,019 | €292,401 | +€99,382 | +51.5% |
| Fixed assets | 21/28 | €14,983 | - | -€14,983 | |
| Tangible fixed assets | 22/27 | €14,983 | - | -€14,983 | |
| Furniture and vehicles | 24 | €14,983 | - | -€14,983 | |
| Current assets | 29/58 | €178,036 | €292,401 | +€114,365 | +64.2% |
| Amounts receivable after more than one year | 29 | €30,000 | - | -€30,000 | |
| Other amounts receivable | 291 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €29,314 | €143,910 | +€114,596 | +391% |
| Trade receivables | 40 | - | €43,560 | +€43,560 | |
| Other amounts receivable | 41 | €29,314 | €100,350 | +€71,036 | +242% |
| Current investments | 50/53 | - | €17,136 | +€17,136 | |
| Cash at bank and in hand | 54/58 | €118,723 | €130,674 | +€11,951 | +10.1% |
| Deferred charges and accrued income | 490/1 | - | €682 | +€682 | |
| Total equity and liabilities | 10/49 | €193,019 | €292,401 | +€99,382 | +51.5% |
| Equity | 10/15 | €135,850 | €243,080 | +€107,229 | +78.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €132,850 | €240,080 | +€107,229 | +80.7% |
| Distributable reserves | 133 | €132,850 | €240,080 | +€107,229 | +80.7% |
| Amounts payable | 17/49 | €57,169 | €49,321 | -€7,848 | -13.7% |
| Amounts payable after more than one year | 17 | €4,159 | - | -€4,159 | |
| Financial debts | 170/4 | €4,159 | - | -€4,159 | |
| Amounts payable within one year | 42/48 | €53,010 | €49,321 | -€3,688 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €12,062 | €4,159 | -€7,903 | -65.5% |
| Taxes, remuneration and social security | 45 | €40,948 | €45,162 | +€4,214 | +10.3% |
| Taxes | 450/3 | €40,948 | €45,162 | +€4,214 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,983 | €14,983 | +€0 | 0.0% |
| Other operating charges | 640/8 | €306 | €704 | +€398 | +130% |
| Gross operating margin | 9900 | €97,609 | €159,046 | +€61,437 | +62.9% |
| Operating profit (loss) | 9901 | €82,320 | €143,358 | +€61,039 | +74.1% |
| Financial income | 75/76B | €24 | €256 | +€232 | +988% |
| Recurring financial income | 75 | €24 | €256 | +€232 | +988% |
| Financial charges | 65/66B | €1,346 | €1,689 | +€343 | +25.5% |
| Recurring financial charges | 65 | €1,346 | €1,689 | +€343 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €80,997 | €141,926 | +€60,928 | +75.2% |
| Income taxes | 67/77 | €18,562 | €34,696 | +€16,134 | +86.9% |
| Profit (loss) for the period | 9904 | €62,435 | €107,229 | +€44,794 | +71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,435 | €107,229 | +€44,794 | +71.7% |
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 18 October 2026 via checked.be.