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QC SERVICES: 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.

What changed

QC SERVICES

BE 0765.778.178
NACE 47.621, Retail sale of newspapers and periodicals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€32,168
2024 · €1,779+€30,388
Equity
-€6,278
2024 · -€38,446+€32,168
Cash
€67,112
2024 · €21,611+€45,501
Balance sheet total
€101,569
2024 · €56,606+€44,963

Largest movements

2024 to 2025
Assets
  • Cash +€45,501

    up €45,501 (+210.5%), from €21,611 to €67,112

    mainly Net result for the year (+€32,168) and Tax, wage and social debts (+€9,685)

Equity and liabilities
  • Profit (loss) carried forward +€32,168

    up €32,168 (+72.4%), from -€44,446 to -€12,278

  • Tax, wage and social debts +€9,685

    new in 2025: €9,685

  • Trade debts +€9,631

    up €9,631 (+22.7%), from €42,413 to €52,044

  • Other debts -€6,628

    down €6,628 (-12.7%), from €52,318 to €45,690

Income statement
  • Gross operating margin +€35,444

    up €35,444 (+1307.5%), from €2,711 to €38,155

  • Taxes +€4,269

    new in 2025: €4,269

  • Other operating charges +€491

    new in 2025: €491

From the 2024 result to the 2025 result

effect on the 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 €1,779
Gross operating margin +€35,444
Write-downs -€278
Other operating charges -€491
Financial income -€0
Financial charges -€18
Taxes -€4,269
Result 2025 €32,168

Cash bridge derived

cash 2024 to 2025

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 +€45,394
Investment €0
Financing +€107
Cash 2024 €21,611
Net result for the year +€32,168
Depreciation +€592
Receivables within one year -€53
Trade debts +€9,631
Tax, wage and social debts +€9,685
Other debts -€6,628
Short-term financial debts +€107
Cash 2025 €67,112
Every line side by side 34 lines
Line Code 2024 2025 Change %
Total assets 20/58 €56,606 €101,569 +€44,963 +79.4%
Fixed assets 21/28 €2,217 €1,625 -€592 -26.7%
Intangible fixed assets 21 €2,217 €1,625 -€592 -26.7%
Current assets 29/58 €54,389 €99,944 +€45,555 +83.8%
Amounts receivable within one year 40/41 €32,778 €32,832 +€53 +0.2%
Trade receivables 40 €28,970 €32,826 +€3,857 +13.3%
Other amounts receivable 41 €3,808 €5 -€3,803 -99.9%
Cash at bank and in hand 54/58 €21,611 €67,112 +€45,501 +210.5%
Total equity and liabilities 10/49 €56,606 €101,569 +€44,963 +79.4%
Equity 10/15 -€38,446 -€6,278 +€32,168 +83.7%
Contributions 10/11 €6,000 €6,000 = 0.0%
Profit (loss) carried forward 14 -€44,446 -€12,278 +€32,168 +72.4%
Amounts payable 17/49 €95,052 €107,847 +€12,795 +13.5%
Amounts payable within one year 42/48 €95,052 €107,847 +€12,795 +13.5%
Financial debts 43 €322 €429 +€107 +33.3%
Credit institutions 430/8 €322 €429 +€107 +33.3%
Trade debts 44 €42,413 €52,044 +€9,631 +22.7%
Suppliers 440/4 €42,413 €52,044 +€9,631 +22.7%
Taxes, remuneration and social security 45 - €9,685 +€9,685
Taxes 450/3 - €9,685 +€9,685
Other amounts payable 47/48 €52,318 €45,690 -€6,628 -12.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €592 €592 = 0.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) 631/4 - €278 +€278
Other operating charges 640/8 - €491 +€491
Gross operating margin 9900 €2,711 €38,155 +€35,444 +1307.5%
Operating profit (loss) 9901 €2,119 €36,794 +€34,675 +1636.5%
Financial income 75/76B €1 €0 -€0 -45.3%
Recurring financial income 75 €1 €0 -€0 -45.3%
Financial charges 65/66B €340 €358 +€18 +5.4%
Recurring financial charges 65 €340 €358 +€18 +5.4%
Profit (loss) for the period before taxes 9903 €1,779 €36,436 +€34,657 +1947.6%
Income taxes 67/77 - €4,269 +€4,269
Profit (loss) for the period 9904 €1,779 €32,168 +€30,388 +1707.7%
Profit (loss) for the period to be appropriated 9905 €1,779 €32,168 +€30,388 +1707.7%

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 29 September 2026 via checked.be.