QBS: 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.
QBS
Largest movements
- Receivables within one year +€36,035
up €36,035 (+159%), from €22,663 to €58,698
of which Trade receivables: +€40,270
- Cash +€689
up €689 (+169%), from €408 to €1,097
mainly Short-term financial debts (+€24,000) and Net result for the year (+€14,560)
- Short-term financial debts +€24,000
new in 2025: €24,000
- Reserves +€11,743
up €11,743 (+124%), from €9,460 to €21,202
of which Distributable reserves: +€11,743
- Trade debts -€7,787
down €7,787 (-97.9%), from €7,950 to €164
- Tax, wage and social debts +€5,667
up €5,667 (+204%), from €2,778 to €8,445
of which Taxes: +€6,667
- Profit (loss) carried forward +€2,817
no longer reported in 2025 (was -€2,817)
- Gross operating margin +€22,874
up €22,874, from -€598 to €22,276
- Taxes +€5,480
up €5,480 (+3,928%), from €140 to €5,620
- Depreciation -€548
no longer reported in 2025 (was €548)
- Financial charges +€237
up €237 (+19.0%), from €1,243 to €1,480
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.
Derived cash bridge
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 | €23,571 | €60,511 | +€36,940 | +157% |
| Current assets | 29/58 | €23,571 | €60,511 | +€36,940 | +157% |
| Amounts receivable within one year | 40/41 | €22,663 | €58,698 | +€36,035 | +159% |
| Trade receivables | 40 | €12,649 | €52,919 | +€40,270 | +318% |
| Other amounts receivable | 41 | €10,014 | €5,779 | -€4,235 | -42.3% |
| Cash at bank and in hand | 54/58 | €408 | €1,097 | +€689 | +169% |
| Deferred charges and accrued income | 490/1 | €500 | €716 | +€216 | +43.2% |
| Total equity and liabilities | 10/49 | €23,571 | €60,511 | +€36,940 | +157% |
| Equity | 10/15 | €12,842 | €27,402 | +€14,560 | +113% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,460 | €21,202 | +€11,743 | +124% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €8,840 | €20,582 | +€11,743 | +133% |
| Profit (loss) carried forward | 14 | -€2,817 | - | +€2,817 | |
| Amounts payable | 17/49 | €10,729 | €33,109 | +€22,380 | +209% |
| Amounts payable within one year | 42/48 | €10,729 | €32,609 | +€21,880 | +204% |
| Financial debts | 43 | - | €24,000 | +€24,000 | |
| Credit institutions | 430/8 | - | €24,000 | +€24,000 | |
| Trade debts | 44 | €7,950 | €164 | -€7,787 | -97.9% |
| Suppliers | 440/4 | €7,950 | €164 | -€7,787 | -97.9% |
| Taxes, remuneration and social security | 45 | €2,778 | €8,445 | +€5,667 | +204% |
| Taxes | 450/3 | €1,778 | €8,445 | +€6,667 | +375% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €548 | - | -€548 | |
| Other operating charges | 640/8 | €1,084 | €1,261 | +€177 | +16.4% |
| Gross operating margin | 9900 | -€598 | €22,276 | +€22,874 | |
| Operating profit (loss) | 9901 | -€2,229 | €21,015 | +€23,244 | |
| Financial income | 75/76B | €795 | €644 | -€151 | -18.9% |
| Recurring financial income | 75 | €795 | €644 | -€151 | -18.9% |
| Financial charges | 65/66B | €1,243 | €1,480 | +€237 | +19.0% |
| Recurring financial charges | 65 | €1,243 | €1,480 | +€237 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,678 | €20,179 | +€22,857 | |
| Income taxes | 67/77 | €140 | €5,620 | +€5,480 | +3,928% |
| Profit (loss) for the period | 9904 | -€2,817 | €14,560 | +€17,377 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,817 | €14,560 | +€17,377 |
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 16 October 2026 via checked.be.