QAdvice: 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.
QAdvice
Largest movements
- Current investments +€93,489
up €93,489 (+74.8%), from €124,946 to €218,435
- Tangible fixed assets -€91,565
down €91,565 (-27.4%), from €333,753 to €242,188
of which Furniture and vehicles: -€101,196
- Cash +€84,261
up €84,261 (+15.3%), from €552,042 to €636,304
mainly Net result for the year (+€151,065) and Depreciation (+€95,104)
- Receivables after one year -€34,355
no longer reported in 2025 (was €34,355)
- Deferred charges and accrued income -€29,736
down €29,736 (-87.1%), from €34,141 to €4,405
- Reserves +€88,296
up €88,296 (+12.7%), from €692,766 to €781,062
- Trade debts -€24,944
down €24,944 (-83.5%), from €29,889 to €4,944
- Staff costs +€90,971
up €90,971 (+12.0%), from €757,670 to €848,641
- Gross operating margin -€68,116
down €68,116 (-5.6%), from €1.2m to €1.2m
- Taxes -€44,836
down €44,836 (-37.5%), from €119,473 to €74,637
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 | €1,260,755 | €1,292,354 | +€31,599 | +2.5% |
| Fixed assets | 21/28 | €333,753 | €242,188 | -€91,565 | -27.4% |
| Tangible fixed assets | 22/27 | €333,753 | €242,188 | -€91,565 | -27.4% |
| Land and buildings | 22 | - | €3,664 | +€3,664 | |
| Plant, machinery and equipment | 23 | €6,251 | €11,172 | +€4,921 | +78.7% |
| Furniture and vehicles | 24 | €327,502 | €226,306 | -€101,196 | -30.9% |
| Other tangible fixed assets | 26 | - | €1,046 | +€1,046 | |
| Current assets | 29/58 | €927,002 | €1,050,167 | +€123,165 | +13.3% |
| Amounts receivable after more than one year | 29 | €34,355 | - | -€34,355 | |
| Other amounts receivable | 291 | €34,355 | - | -€34,355 | |
| Amounts receivable within one year | 40/41 | €181,518 | €191,023 | +€9,506 | +5.2% |
| Trade receivables | 40 | €181,518 | €191,023 | +€9,506 | +5.2% |
| Current investments | 50/53 | €124,946 | €218,435 | +€93,489 | +74.8% |
| Cash at bank and in hand | 54/58 | €552,042 | €636,304 | +€84,261 | +15.3% |
| Deferred charges and accrued income | 490/1 | €34,141 | €4,405 | -€29,736 | -87.1% |
| Total equity and liabilities | 10/49 | €1,260,755 | €1,292,354 | +€31,599 | +2.5% |
| Equity | 10/15 | €937,697 | €1,025,177 | +€87,480 | +9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €692,766 | €781,062 | +€88,296 | +12.7% |
| Distributable reserves | 133 | €692,766 | €781,062 | +€88,296 | +12.7% |
| Profit (loss) carried forward | 14 | €232,530 | €231,715 | -€815 | -0.4% |
| Amounts payable | 17/49 | €323,058 | €267,177 | -€55,881 | -17.3% |
| Amounts payable after more than one year | 17 | €5,838 | - | -€5,838 | |
| Financial debts | 170/4 | €5,838 | - | -€5,838 | |
| Amounts payable within one year | 42/48 | €317,221 | €267,177 | -€50,043 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €17,514 | €5,838 | -€11,676 | -66.7% |
| Trade debts | 44 | €29,889 | €4,944 | -€24,944 | -83.5% |
| Suppliers | 440/4 | €29,889 | €4,944 | -€24,944 | -83.5% |
| Taxes, remuneration and social security | 45 | €204,507 | €192,149 | -€12,359 | -6.0% |
| Taxes | 450/3 | €110,727 | €99,289 | -€11,438 | -10.3% |
| Remuneration and social security | 454/9 | €93,781 | €92,859 | -€921 | -1.0% |
| Other amounts payable | 47/48 | €65,311 | €64,247 | -€1,064 | -1.6% |
| Non-recurring operating income | 76A | - | €6,689 | +€6,689 | |
| Remuneration, social security and pensions | 62 | €757,670 | €848,641 | +€90,971 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,808 | €95,104 | +€1,296 | +1.4% |
| Other operating charges | 640/8 | €762 | €30 | -€732 | -96.0% |
| Non-recurring operating charges | 66A | €13,115 | - | -€13,115 | |
| Gross operating margin | 9900 | €1,224,028 | €1,155,913 | -€68,116 | -5.6% |
| Operating profit (loss) | 9901 | €358,674 | €212,137 | -€146,536 | -40.9% |
| Financial income | 75/76B | €8,908 | €15,078 | +€6,170 | +69.3% |
| Recurring financial income | 75 | €8,908 | €15,078 | +€6,170 | +69.3% |
| Financial charges | 65/66B | €707 | €1,513 | +€806 | +114.1% |
| Recurring financial charges | 65 | €707 | €1,513 | +€806 | +114.1% |
| Profit (loss) for the period before taxes | 9903 | €366,875 | €225,703 | -€141,173 | -38.5% |
| Income taxes | 67/77 | €119,473 | €74,637 | -€44,836 | -37.5% |
| Profit (loss) for the period | 9904 | €247,402 | €151,065 | -€96,337 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €247,402 | €151,065 | -€96,337 | -38.9% |
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.