QC TRADING: 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.
QC TRADING
Largest movements
- Receivables within one year +€50,562
up €50,562 (+36.7%), from €137,670 to €188,232
of which Trade receivables: +€45,357
- Cash -€32,583
down €32,583 (-36.5%), from €89,229 to €56,645
mainly Receivables within one year (-€50,562) and Trade debts (-€15,548)
- Profit (loss) carried forward +€22,232
up €22,232 (+62.9%), from €35,362 to €57,594
- Trade debts -€15,548
down €15,548 (-35.6%), from €43,642 to €28,093
- Other debts +€6,221
up €6,221 (+5.6%), from €110,327 to €116,549
- Tax, wage and social debts +€4,292
up €4,292 (+31.5%), from €13,607 to €17,900
- Gross operating margin +€5,133
up €5,133 (+17.3%), from €29,612 to €34,745
- Financial charges +€1,829
up €1,829 (+517%), from €354 to €2,182
- Taxes +€1,083
up €1,083 (+12.9%), from €8,408 to €9,492
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,889 | €245,087 | +€17,197 | +7.5% |
| Fixed assets | 21/28 | €374 | €209 | -€165 | -44.1% |
| Tangible fixed assets | 22/27 | €374 | €209 | -€165 | -44.1% |
| Furniture and vehicles | 24 | €374 | €209 | -€165 | -44.1% |
| Current assets | 29/58 | €227,515 | €244,878 | +€17,362 | +7.6% |
| Amounts receivable within one year | 40/41 | €137,670 | €188,232 | +€50,562 | +36.7% |
| Trade receivables | 40 | €133,372 | €178,729 | +€45,357 | +34.0% |
| Other amounts receivable | 41 | €4,298 | €9,503 | +€5,205 | +121% |
| Cash at bank and in hand | 54/58 | €89,229 | €56,645 | -€32,583 | -36.5% |
| Deferred charges and accrued income | 490/1 | €616 | €0 | -€616 | -100% |
| Total equity and liabilities | 10/49 | €227,889 | €245,087 | +€17,197 | +7.5% |
| Equity | 10/15 | €60,313 | €82,545 | +€22,232 | +36.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,359 | €6,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,362 | €57,594 | +€22,232 | +62.9% |
| Amounts payable | 17/49 | €167,576 | €162,542 | -€5,035 | -3.0% |
| Amounts payable within one year | 42/48 | €167,576 | €162,542 | -€5,035 | -3.0% |
| Trade debts | 44 | €43,642 | €28,093 | -€15,548 | -35.6% |
| Suppliers | 440/4 | €43,642 | €28,093 | -€15,548 | -35.6% |
| Taxes, remuneration and social security | 45 | €13,607 | €17,900 | +€4,292 | +31.5% |
| Taxes | 450/3 | €13,607 | €17,900 | +€4,292 | +31.5% |
| Other amounts payable | 47/48 | €110,327 | €116,549 | +€6,221 | +5.6% |
| Remuneration, social security and pensions | 62 | €59 | €0 | -€59 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165 | €165 | = | 0.0% |
| Other operating charges | 640/8 | €938 | €674 | -€264 | -28.2% |
| Gross operating margin | 9900 | €29,612 | €34,745 | +€5,133 | +17.3% |
| Operating profit (loss) | 9901 | €28,449 | €33,906 | +€5,457 | +19.2% |
| Financial income | 75/76B | €275 | €0 | -€275 | -100.0% |
| Recurring financial income | 75 | €275 | €0 | -€275 | -100.0% |
| Financial charges | 65/66B | €354 | €2,182 | +€1,829 | +517% |
| Recurring financial charges | 65 | €354 | €2,182 | +€1,829 | +517% |
| Profit (loss) for the period before taxes | 9903 | €28,371 | €31,724 | +€3,353 | +11.8% |
| Income taxes | 67/77 | €8,408 | €9,492 | +€1,083 | +12.9% |
| Profit (loss) for the period | 9904 | €19,963 | €22,232 | +€2,270 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,963 | €22,232 | +€2,270 | +11.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.