QADIR: 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.
What changed
QADIR
NACE 77.110, Renting and leasing of cars and light motor vehicles
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4,739
2024 · €2,532+€2,207
Equity
€341,399
2024 · €336,661+€4,739
Cash
€29,999
2024 · €36,628-€6,629
Balance sheet total
€3.7m
2024 · €3.8m-€80,609
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts -€636,302
down €636,302 (-23.4%), from €2.7m to €2.1m
- Trade debts +€533,756
up €533,756 (+132.6%), from €402,460 to €936,216
- Accrued charges and deferred income +€55,008
up €55,008 (+22.5%), from €244,821 to €299,829
Income statement
- Gross operating margin +€76,979
up €76,979 (+24.3%), from €316,569 to €393,548
- Write-downs +€61,750
up €61,750, from €0 to €61,750
- Staff costs +€7,497
up €7,497 (+14.3%), from €52,475 to €59,972
- Taxes +€5,568
up €5,568 (+222.8%), from €2,499 to €8,067
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.
Result 2024
€2,532
Gross operating margin
+€76,979
Staff costs
-€7,497
Depreciation
-€1,230
Write-downs
-€61,750
Other operating charges
+€1,789
Financial income
+€1,875
Financial charges
-€2,392
Taxes
-€5,568
Result 2025
€4,739
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.
From operations
+€41,609
Investment
€0
Financing
-€48,238
Cash 2024
€36,628
From operations (derived)
+€41,609
Net result for the year
+€4,739
Depreciation
+€23,671
Stocks and contracts
+€32,277
Receivables within one year
-€7,580
Deferred charges and accrued income
+€25,611
Trade debts
+€533,756
Tax, wage and social debts
+€10,427
Other debts
-€636,302
Accrued charges and deferred income
+€55,008
Financing
-€48,238
Debts after one year
-€19,538
Current portion of long-term debt
-€28,700
Cash 2025
€29,999
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,801,639 | €3,721,030 | -€80,609 | -2.1% |
| Fixed assets | 21/28 | €232,979 | €209,307 | -€23,671 | -10.2% |
| Tangible fixed assets | 22/27 | €232,979 | €209,307 | -€23,671 | -10.2% |
| Land and buildings | 22 | €105,529 | €100,025 | -€5,504 | -5.2% |
| Plant, machinery and equipment | 23 | €126,274 | €108,710 | -€17,564 | -13.9% |
| Furniture and vehicles | 24 | €1,175 | €572 | -€603 | -51.3% |
| Current assets | 29/58 | €3,568,661 | €3,511,723 | -€56,938 | -1.6% |
| Stocks and contracts in progress | 3 | €2,317,664 | €2,285,386 | -€32,277 | -1.4% |
| Stocks | 30/36 | €2,317,664 | €2,285,386 | -€32,277 | -1.4% |
| Amounts receivable within one year | 40/41 | €1,157,416 | €1,164,996 | +€7,580 | +0.7% |
| Trade receivables | 40 | €937,327 | €940,677 | +€3,350 | +0.4% |
| Other amounts receivable | 41 | €220,089 | €224,319 | +€4,229 | +1.9% |
| Cash at bank and in hand | 54/58 | €36,628 | €29,999 | -€6,629 | -18.1% |
| Deferred charges and accrued income | 490/1 | €56,952 | €31,341 | -€25,611 | -45.0% |
| Total equity and liabilities | 10/49 | €3,801,639 | €3,721,030 | -€80,609 | -2.1% |
| Equity | 10/15 | €336,661 | €341,399 | +€4,739 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €316,201 | €320,939 | +€4,739 | +1.5% |
| Amounts payable | 17/49 | €3,464,979 | €3,379,631 | -€85,348 | -2.5% |
| Amounts payable after more than one year | 17 | €41,227 | €21,689 | -€19,538 | -47.4% |
| Financial debts | 170/4 | €41,227 | €21,689 | -€19,538 | -47.4% |
| Amounts payable within one year | 42/48 | €3,178,931 | €3,058,112 | -€120,819 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €48,238 | €19,538 | -€28,700 | -59.5% |
| Trade debts | 44 | €402,460 | €936,216 | +€533,756 | +132.6% |
| Suppliers | 440/4 | €402,460 | €936,216 | +€533,756 | +132.6% |
| Taxes, remuneration and social security | 45 | €10,335 | €20,762 | +€10,427 | +100.9% |
| Taxes | 450/3 | €0 | €8,067 | +€8,067 | |
| Remuneration and social security | 454/9 | €10,335 | €12,696 | +€2,360 | +22.8% |
| Other amounts payable | 47/48 | €2,717,897 | €2,081,595 | -€636,302 | -23.4% |
| Accrued charges and deferred income | 492/3 | €244,821 | €299,829 | +€55,008 | +22.5% |
| Remuneration, social security and pensions | 62 | €52,475 | €59,972 | +€7,497 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,441 | €23,671 | +€1,230 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €61,750 | +€61,750 | |
| Other operating charges | 640/8 | €5,089 | €3,300 | -€1,789 | -35.2% |
| Gross operating margin | 9900 | €316,569 | €393,548 | +€76,979 | +24.3% |
| Operating profit (loss) | 9901 | €236,563 | €244,855 | +€8,292 | +3.5% |
| Financial income | 75/76B | €290 | €2,166 | +€1,875 | +645.7% |
| Recurring financial income | 75 | €290 | €2,166 | +€1,875 | +645.7% |
| Financial charges | 65/66B | €231,823 | €234,215 | +€2,392 | +1.0% |
| Recurring financial charges | 65 | €231,823 | €234,215 | +€2,392 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €5,031 | €12,806 | +€7,775 | +154.5% |
| Income taxes | 67/77 | €2,499 | €8,067 | +€5,568 | +222.8% |
| Profit (loss) for the period | 9904 | €2,532 | €4,739 | +€2,207 | +87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,532 | €4,739 | +€2,207 | +87.2% |
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.