Q&V Accountants: what changed
Q&V Accountants
Largest movements
- Intangible fixed assets -€75,000
down €75,000 (-11.1%), from €675,205 to €600,205
- Cash +€60,663
up €60,663 (+93.8%), from €64,699 to €125,362
mainly Depreciation (+€80,575) and Current portion of long-term debt (+€75,315)
- Receivables within one year +€17,639
up €17,639 (+16.8%), from €105,054 to €122,693
- Debts after one year -€138,564
down €138,564 (-21.6%), from €642,394 to €503,830
- Current portion of long-term debt +€75,315
up €75,315 (+54.5%), from €138,249 to €213,564
- Trade debts +€46,104
up €46,104 (+133%), from €34,752 to €80,856
- Reserves +€16,815
up €16,815 (+350%), from €4,809 to €21,624
- Tax, wage and social debts +€14,896
up €14,896 (+40.9%), from €36,376 to €51,272
of which Taxes: +€13,827
- Gross operating margin +€55,878
up €55,878 (+20.1%), from €278,231 to €334,109
- Staff costs +€53,250
up €53,250 (+40.0%), from €133,081 to €186,332
- Financial charges -€15,805
down €15,805 (-34.3%), from €46,048 to €30,242
- Other operating charges +€3,356
up €3,356 (+31.5%), from €10,661 to €14,017
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €865,518 | €880,084 | +€14,566 | +1.7% |
| Fixed assets | 21/28 | €684,572 | €616,384 | -€68,188 | -10.0% |
| Intangible fixed assets | 21 | €675,205 | €600,205 | -€75,000 | -11.1% |
| Tangible fixed assets | 22/27 | €9,366 | €16,179 | +€6,812 | +72.7% |
| Plant, machinery and equipment | 23 | €1,272 | €13,196 | +€11,924 | +938% |
| Furniture and vehicles | 24 | €826 | €551 | -€275 | -33.3% |
| Leasing and similar rights | 25 | €7,269 | €2,432 | -€4,837 | -66.5% |
| Current assets | 29/58 | €180,946 | €263,699 | +€82,753 | +45.7% |
| Amounts receivable within one year | 40/41 | €105,054 | €122,693 | +€17,639 | +16.8% |
| Trade receivables | 40 | €105,054 | €122,693 | +€17,639 | +16.8% |
| Cash at bank and in hand | 54/58 | €64,699 | €125,362 | +€60,663 | +93.8% |
| Deferred charges and accrued income | 490/1 | €11,193 | €15,644 | +€4,451 | +39.8% |
| Total equity and liabilities | 10/49 | €865,518 | €880,084 | +€14,566 | +1.7% |
| Equity | 10/15 | €9,809 | €26,624 | +€16,815 | +171% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,809 | €21,624 | +€16,815 | +350% |
| Distributable reserves | 133 | €4,809 | €21,624 | +€16,815 | +350% |
| Amounts payable | 17/49 | €855,709 | €853,460 | -€2,249 | -0.3% |
| Amounts payable after more than one year | 17 | €642,394 | €503,830 | -€138,564 | -21.6% |
| Financial debts | 170/4 | €642,394 | €503,830 | -€138,564 | -21.6% |
| Amounts payable within one year | 42/48 | €209,377 | €345,692 | +€136,315 | +65.1% |
| Current portion of amounts payable after more than one year | 42 | €138,249 | €213,564 | +€75,315 | +54.5% |
| Trade debts | 44 | €34,752 | €80,856 | +€46,104 | +133% |
| Suppliers | 440/4 | €34,752 | €80,856 | +€46,104 | +133% |
| Taxes, remuneration and social security | 45 | €36,376 | €51,272 | +€14,896 | +40.9% |
| Taxes | 450/3 | €16,203 | €30,031 | +€13,827 | +85.3% |
| Remuneration and social security | 454/9 | €20,173 | €21,241 | +€1,068 | +5.3% |
| Accrued charges and deferred income | 492/3 | €3,938 | €3,938 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €133,081 | €186,332 | +€53,250 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,737 | €80,575 | -€162 | -0.2% |
| Other operating charges | 640/8 | €10,661 | €14,017 | +€3,356 | +31.5% |
| Gross operating margin | 9900 | €278,231 | €334,109 | +€55,878 | +20.1% |
| Operating profit (loss) | 9901 | €53,751 | €53,185 | -€566 | -1.1% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €46,048 | €30,242 | -€15,805 | -34.3% |
| Recurring financial charges | 65 | €46,048 | €30,242 | -€15,805 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €7,703 | €22,969 | +€15,266 | +198% |
| Income taxes | 67/77 | €2,894 | €6,155 | +€3,261 | +113% |
| Profit (loss) for the period | 9904 | €4,809 | €16,815 | +€12,005 | +250% |
| Profit (loss) for the period to be appropriated | 9905 | €4,809 | €16,815 | +€12,005 | +250% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.