QAB54: 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.
QAB54
Largest movements
- Receivables within one year +€42,665
up €42,665 (+523.2%), from €8,155 to €50,820
- Tangible fixed assets +€26,752
up €26,752 (+299.4%), from €8,935 to €35,688
- Deferred charges and accrued income -€1,115
down €1,115 (-68.2%), from €1,637 to €521
- Other debts +€51,168
up €51,168 (+324.2%), from €15,784 to €66,952
- Tax, wage and social debts +€15,695
up €15,695 (+144.9%), from €10,833 to €26,529
of which Taxes: +€15,855
- Profit (loss) carried forward +€2,055
up €2,055 (+108.5%), from €1,894 to €3,949
- Gross operating margin +€48,571
up €48,571 (+188.2%), from €25,807 to €74,379
- Taxes +€8,568
up €8,568 (+144.4%), from €5,932 to €14,500
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 | €32,477 | €100,988 | +€68,510 | +210.9% |
| Fixed assets | 21/28 | €8,935 | €35,688 | +€26,752 | +299.4% |
| Tangible fixed assets | 22/27 | €8,935 | €35,688 | +€26,752 | +299.4% |
| Furniture and vehicles | 24 | €8,935 | €35,688 | +€26,752 | +299.4% |
| Current assets | 29/58 | €23,542 | €65,300 | +€41,758 | +177.4% |
| Amounts receivable within one year | 40/41 | €8,155 | €50,820 | +€42,665 | +523.2% |
| Trade receivables | 40 | €8,155 | €50,820 | +€42,665 | +523.2% |
| Cash at bank and in hand | 54/58 | €13,750 | €13,959 | +€208 | +1.5% |
| Deferred charges and accrued income | 490/1 | €1,637 | €521 | -€1,115 | -68.2% |
| Total equity and liabilities | 10/49 | €32,477 | €100,988 | +€68,510 | +210.9% |
| Equity | 10/15 | €4,394 | €6,449 | +€2,055 | +46.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,894 | €3,949 | +€2,055 | +108.5% |
| Amounts payable | 17/49 | €28,083 | €94,539 | +€66,456 | +236.6% |
| Amounts payable within one year | 42/48 | €27,908 | €94,258 | +€66,350 | +237.7% |
| Financial debts | 43 | €77 | €242 | +€165 | +213.9% |
| Credit institutions | 430/8 | €77 | €242 | +€165 | +213.9% |
| Trade debts | 44 | €1,214 | €535 | -€679 | -55.9% |
| Suppliers | 440/4 | €1,214 | €535 | -€679 | -55.9% |
| Taxes, remuneration and social security | 45 | €10,833 | €26,529 | +€15,695 | +144.9% |
| Taxes | 450/3 | €10,673 | €26,529 | +€15,855 | +148.6% |
| Remuneration and social security | 454/9 | €160 | €0 | -€160 | -100.0% |
| Other amounts payable | 47/48 | €15,784 | €66,952 | +€51,168 | +324.2% |
| Accrued charges and deferred income | 492/3 | €175 | €281 | +€106 | +60.6% |
| Non-recurring operating income | 76A | - | €6,548 | +€6,548 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,127 | €5,153 | +€25 | +0.5% |
| Other operating charges | 640/8 | €520 | €465 | -€55 | -10.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €25,807 | €74,379 | +€48,571 | +188.2% |
| Operating profit (loss) | 9901 | €20,160 | €68,761 | +€48,601 | +241.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €95 | €374 | +€279 | +295.2% |
| Recurring financial charges | 65 | €95 | €374 | +€279 | +295.2% |
| Profit (loss) for the period before taxes | 9903 | €20,065 | €68,387 | +€48,322 | +240.8% |
| Income taxes | 67/77 | €5,932 | €14,500 | +€8,568 | +144.4% |
| Profit (loss) for the period | 9904 | €14,134 | €53,888 | +€39,754 | +281.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,134 | €53,888 | +€39,754 | +281.3% |
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 10 October 2026 via checked.be.