Qcash: 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.
Qcash
Largest movements
- Stocks and contracts -€3,639
down €3,639 (-52.2%), from €6,975 to €3,337
- Tangible fixed assets -€2,685
down €2,685 (-76.0%), from €3,532 to €847
- Cash +€2,549
up €2,549 (+56.2%), from €4,533 to €7,082
mainly Stocks and contracts (+€3,639) and Depreciation (+€2,685)
- Deferred charges and accrued income +€549
up €549 (+751%), from €73 to €622
- Receivables within one year -€304
down €304 (-17.5%), from €1,736 to €1,432
of which Trade receivables: -€304
- Profit (loss) carried forward -€2,109
down €2,109 (-37.3%), from -€5,656 to -€7,765
- Accrued charges and deferred income -€728
down €728 (-100%), from €728 to €0
- Trade debts -€353
down €353 (-21.6%), from €1,636 to €1,283
- Tax, wage and social debts -€341
down €341 (-39.7%), from €858 to €517
- Gross operating margin -€3,894
down €3,894 (-74.5%), from €5,224 to €1,330
- Depreciation +€360
up €360 (+15.5%), from €2,325 to €2,685
- Write-downs -€298
no longer reported in 2025 (was €298)
- Financial charges -€188
down €188 (-33.4%), from €563 to €375
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 | €17,056 | €13,525 | -€3,530 | -20.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €3,737 | €1,052 | -€2,685 | -71.9% |
| Tangible fixed assets | 22/27 | €3,532 | €847 | -€2,685 | -76.0% |
| Furniture and vehicles | 24 | €3,532 | €847 | -€2,685 | -76.0% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €13,318 | €12,474 | -€845 | -6.3% |
| Stocks and contracts in progress | 3 | €6,975 | €3,337 | -€3,639 | -52.2% |
| Stocks | 30/36 | €6,975 | €3,337 | -€3,639 | -52.2% |
| Amounts receivable within one year | 40/41 | €1,736 | €1,432 | -€304 | -17.5% |
| Trade receivables | 40 | €1,736 | €1,432 | -€304 | -17.5% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €4,533 | €7,082 | +€2,549 | +56.2% |
| Deferred charges and accrued income | 490/1 | €73 | €622 | +€549 | +751% |
| Total equity and liabilities | 10/49 | €17,056 | €13,525 | -€3,530 | -20.7% |
| Equity | 10/15 | €12,944 | €10,835 | -€2,109 | -16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,656 | -€7,765 | -€2,109 | -37.3% |
| Amounts payable | 17/49 | €4,112 | €2,691 | -€1,421 | -34.6% |
| Amounts payable within one year | 42/48 | €3,384 | €2,691 | -€694 | -20.5% |
| Financial debts | 43 | €883 | €883 | = | 0.0% |
| Credit institutions | 430/8 | €883 | €883 | = | 0.0% |
| Trade debts | 44 | €1,636 | €1,283 | -€353 | -21.6% |
| Suppliers | 440/4 | €1,636 | €1,283 | -€353 | -21.6% |
| Taxes, remuneration and social security | 45 | €858 | €517 | -€341 | -39.7% |
| Taxes | 450/3 | €858 | €517 | -€341 | -39.7% |
| Other amounts payable | 47/48 | €9 | €9 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €728 | €0 | -€728 | -100% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,325 | €2,685 | +€360 | +15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €298 | - | -€298 | |
| Other operating charges | 640/8 | €229 | €237 | +€8 | +3.6% |
| Gross operating margin | 9900 | €5,224 | €1,330 | -€3,894 | -74.5% |
| Operating profit (loss) | 9901 | €2,372 | -€1,593 | -€3,965 | |
| Financial charges | 65/66B | €563 | €375 | -€188 | -33.4% |
| Recurring financial charges | 65 | €563 | €375 | -€188 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €1,808 | -€1,968 | -€3,776 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €1,669 | -€2,109 | -€3,778 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,669 | -€2,109 | -€3,778 |
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 19 October 2026 via checked.be.