QCM CONSULT: 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.
QCM CONSULT
Largest movements
- Cash +€31,441
up €31,441 (+17.6%), from €178,933 to €210,374
mainly Net result for the year (+€47,767) and Other debts (+€27,385)
- Receivables within one year +€15,354
up €15,354 (+197%), from €7,778 to €23,132
of which Other amounts receivable: +€15,378
- Other debts +€27,385
up €27,385, from €0 to €27,385
- Reserves +€20,382
up €20,382 (+8.9%), from €229,347 to €249,729
of which Distributable reserves: +€20,382
- Current portion of long-term debt -€4,332
down €4,332 (-100%), from €4,332 to €0
- Taxes +€1,395
up €1,395 (+7.3%), from €19,175 to €20,570
- Gross operating margin +€1,227
up €1,227 (+1.7%), from €71,396 to €72,623
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 | €276,066 | €320,145 | +€44,080 | +16.0% |
| Fixed assets | 21/28 | €73,828 | €73,822 | -€6 | 0.0% |
| Tangible fixed assets | 22/27 | €3,828 | €3,822 | -€6 | -0.2% |
| Plant, machinery and equipment | 23 | €2,175 | €1,641 | -€534 | -24.6% |
| Furniture and vehicles | 24 | €453 | €981 | +€528 | +116% |
| Other tangible fixed assets | 26 | €1,200 | €1,200 | = | 0.0% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €202,237 | €246,324 | +€44,086 | +21.8% |
| Amounts receivable within one year | 40/41 | €7,778 | €23,132 | +€15,354 | +197% |
| Trade receivables | 40 | €1,850 | €1,826 | -€24 | -1.3% |
| Other amounts receivable | 41 | €5,928 | €21,306 | +€15,378 | +259% |
| Cash at bank and in hand | 54/58 | €178,933 | €210,374 | +€31,441 | +17.6% |
| Deferred charges and accrued income | 490/1 | €15,526 | €12,818 | -€2,708 | -17.4% |
| Total equity and liabilities | 10/49 | €276,066 | €320,145 | +€44,080 | +16.0% |
| Equity | 10/15 | €262,332 | €282,714 | +€20,382 | +7.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €229,347 | €249,729 | +€20,382 | +8.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €229,347 | €249,729 | +€20,382 | +8.9% |
| Profit (loss) carried forward | 14 | €20,585 | €20,585 | = | 0.0% |
| Amounts payable | 17/49 | €13,733 | €37,431 | +€23,698 | +173% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €13,733 | €37,431 | +€23,698 | +173% |
| Current portion of amounts payable after more than one year | 42 | €4,332 | €0 | -€4,332 | -100% |
| Trade debts | 44 | €4,301 | €4,946 | +€646 | +15.0% |
| Suppliers | 440/4 | €4,301 | €4,946 | +€646 | +15.0% |
| Taxes, remuneration and social security | 45 | €5,100 | €5,100 | = | 0.0% |
| Taxes | 450/3 | €5,100 | €5,100 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €27,385 | +€27,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,269 | €1,354 | +€85 | +6.7% |
| Other operating charges | 640/8 | €607 | €747 | +€139 | +22.9% |
| Gross operating margin | 9900 | €71,396 | €72,623 | +€1,227 | +1.7% |
| Operating profit (loss) | 9901 | €69,520 | €70,522 | +€1,002 | +1.4% |
| Financial income | 75/76B | €2,179 | €1,609 | -€570 | -26.2% |
| Recurring financial income | 75 | €2,179 | €1,609 | -€570 | -26.2% |
| Financial charges | 65/66B | €4,065 | €3,795 | -€269 | -6.6% |
| Recurring financial charges | 65 | €4,065 | €3,795 | -€269 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €67,635 | €68,336 | +€701 | +1.0% |
| Income taxes | 67/77 | €19,175 | €20,570 | +€1,395 | +7.3% |
| Profit (loss) for the period | 9904 | €48,460 | €47,767 | -€694 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,460 | €47,767 | -€694 | -1.4% |
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 14 October 2026 via checked.be.