Q-DEV: 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.
Q-DEV
Largest movements
- Cash +€15,201
up €15,201 (+19.7%), from €77,001 to €92,202
mainly Other debts (+€84,413) and Net result for the year (+€58,535)
- Other debts +€84,413
up €84,413 (+4431.5%), from €1,905 to €86,318
- Profit (loss) carried forward -€67,917
down €67,917 (-88.8%), from €76,452 to €8,535
- Tax, wage and social debts -€1,828
down €1,828 (-4.6%), from €39,846 to €38,018
- Gross operating margin -€4,346
down €4,346 (-5.4%), from €79,979 to €75,633
- Taxes -€950
down €950 (-5.9%), from €16,241 to €15,291
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.
Cash bridge derived
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 | €121,351 | €135,771 | +€14,420 | +11.9% |
| Fixed assets | 21/28 | €2,152 | €1,217 | -€935 | -43.5% |
| Tangible fixed assets | 22/27 | €2,152 | €1,217 | -€935 | -43.5% |
| Furniture and vehicles | 24 | €2,152 | €1,217 | -€935 | -43.5% |
| Current assets | 29/58 | €119,199 | €134,555 | +€15,355 | +12.9% |
| Amounts receivable within one year | 40/41 | €11,934 | €12,228 | +€294 | +2.5% |
| Trade receivables | 40 | €11,934 | €12,228 | +€294 | +2.5% |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €77,001 | €92,202 | +€15,201 | +19.7% |
| Deferred charges and accrued income | 490/1 | €264 | €124 | -€140 | -52.9% |
| Total equity and liabilities | 10/49 | €121,351 | €135,771 | +€14,420 | +11.9% |
| Equity | 10/15 | €78,452 | €10,535 | -€67,917 | -86.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,452 | €8,535 | -€67,917 | -88.8% |
| Amounts payable | 17/49 | €42,899 | €125,236 | +€82,337 | +191.9% |
| Amounts payable within one year | 42/48 | €42,899 | €125,236 | +€82,337 | +191.9% |
| Trade debts | 44 | €1,148 | €901 | -€247 | -21.5% |
| Suppliers | 440/4 | €1,148 | €901 | -€247 | -21.5% |
| Taxes, remuneration and social security | 45 | €39,846 | €38,018 | -€1,828 | -4.6% |
| Taxes | 450/3 | €39,846 | €38,018 | -€1,828 | -4.6% |
| Other amounts payable | 47/48 | €1,905 | €86,318 | +€84,413 | +4431.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €584 | €935 | +€351 | +60.0% |
| Other operating charges | 640/8 | €341 | €753 | +€412 | +120.7% |
| Gross operating margin | 9900 | €79,979 | €75,633 | -€4,346 | -5.4% |
| Operating profit (loss) | 9901 | €79,054 | €73,945 | -€5,109 | -6.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €77 | €120 | +€42 | +54.6% |
| Recurring financial charges | 65 | €77 | €120 | +€42 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €78,977 | €73,826 | -€5,151 | -6.5% |
| Income taxes | 67/77 | €16,241 | €15,291 | -€950 | -5.9% |
| Profit (loss) for the period | 9904 | €62,735 | €58,535 | -€4,201 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,735 | €58,535 | -€4,201 | -6.7% |
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 9 October 2026 via checked.be.