QASY: what changed
Two fiscal 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.
QASY
Largest movements
- Receivables within one year +€29,980
up €29,980, from €0 to €29,980
of which Trade receivables: +€21,484
- Cash +€17,063
up €17,063 (+17.4%), from €98,012 to €115,075
mainly Net result for the year (+€54,267) and Depreciation (+€9,557)
- Tangible fixed assets -€7,256
down €7,256 (-27.8%), from €26,079 to €18,822
of which Furniture and vehicles: -€8,036
- Reserves +€54,267
up €54,267 (+65.8%), from €82,480 to €136,747
- Debts after one year -€7,496
down €7,496 (-48.9%), from €15,316 to €7,819
- Tax, wage and social debts -€4,550
down €4,550 (-46.6%), from €9,768 to €5,218
of which Taxes: -€4,550
- Other debts -€3,379
down €3,379 (-100.0%), from €3,379 to €0
- Gross operating margin +€24,644
up €24,644 (+45.0%), from €54,747 to €79,391
- Taxes +€4,806
up €4,806 (+52.1%), from €9,218 to €14,024
- Financial charges -€837
down €837 (-45.7%), from €1,832 to €995
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 | €124,569 | €164,355 | +€39,786 | +31.9% |
| Fixed assets | 21/28 | €26,079 | €18,822 | -€7,256 | -27.8% |
| Tangible fixed assets | 22/27 | €26,079 | €18,822 | -€7,256 | -27.8% |
| Plant, machinery and equipment | 23 | €2,045 | €2,825 | +€780 | +38.1% |
| Furniture and vehicles | 24 | €24,033 | €15,997 | -€8,036 | -33.4% |
| Current assets | 29/58 | €98,490 | €145,533 | +€47,043 | +47.8% |
| Amounts receivable within one year | 40/41 | €0 | €29,980 | +€29,980 | |
| Trade receivables | 40 | €0 | €21,484 | +€21,484 | |
| Other amounts receivable | 41 | - | €8,496 | +€8,496 | |
| Cash at bank and in hand | 54/58 | €98,012 | €115,075 | +€17,063 | +17.4% |
| Deferred charges and accrued income | 490/1 | €479 | €479 | = | 0.0% |
| Total equity and liabilities | 10/49 | €124,569 | €164,355 | +€39,786 | +31.9% |
| Equity | 10/15 | €87,480 | €141,747 | +€54,267 | +62.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €82,480 | €136,747 | +€54,267 | +65.8% |
| Distributable reserves | 133 | €82,480 | €136,747 | +€54,267 | +65.8% |
| Amounts payable | 17/49 | €37,089 | €22,608 | -€14,481 | -39.0% |
| Amounts payable after more than one year | 17 | €15,316 | €7,819 | -€7,496 | -48.9% |
| Financial debts | 170/4 | €15,316 | €7,819 | -€7,496 | -48.9% |
| Amounts payable within one year | 42/48 | €21,773 | €14,642 | -€7,131 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €7,187 | €7,496 | +€309 | +4.3% |
| Trade debts | 44 | €1,440 | €1,928 | +€489 | +34.0% |
| Suppliers | 440/4 | €1,440 | €1,928 | +€489 | +34.0% |
| Taxes, remuneration and social security | 45 | €9,768 | €5,218 | -€4,550 | -46.6% |
| Taxes | 450/3 | €9,768 | €5,218 | -€4,550 | -46.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,379 | €0 | -€3,379 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €146 | +€146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,278 | €9,557 | +€279 | +3.0% |
| Other operating charges | 640/8 | €126 | €573 | +€448 | +355.8% |
| Gross operating margin | 9900 | €54,747 | €79,391 | +€24,644 | +45.0% |
| Operating profit (loss) | 9901 | €45,343 | €69,260 | +€23,917 | +52.7% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €1,832 | €995 | -€837 | -45.7% |
| Recurring financial charges | 65 | €1,832 | €995 | -€837 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €43,511 | €68,291 | +€24,780 | +57.0% |
| Income taxes | 67/77 | €9,218 | €14,024 | +€4,806 | +52.1% |
| Profit (loss) for the period | 9904 | €34,294 | €54,267 | +€19,974 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,294 | €54,267 | +€19,974 | +58.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.