QCONCEPT: 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.
QCONCEPT
Largest movements
- Tangible fixed assets +€447,925
up €447,925 (+620.3%), from €72,211 to €520,136
of which Land and buildings: +€449,850
- Receivables within one year -€16,249
down €16,249 (-26.3%), from €61,684 to €45,435
of which Trade receivables: -€14,996
- Debts after one year +€321,712
up €321,712 (+662.1%), from €48,592 to €370,304
- Other debts +€74,069
new in 2025: €74,069
- Profit (loss) carried forward +€26,492
up €26,492 (+194.1%), from €13,648 to €40,140
- Current portion of long-term debt +€12,539
up €12,539 (+417.4%), from €3,004 to €15,543
- Gross operating margin +€83,840
up €83,840 (+8318.0%), from €1,008 to €84,848
- Other operating charges +€31,215
up €31,215 (+1834.6%), from €1,701 to €32,916
- Taxes +€11,960
up €11,960, from -€1,125 to €10,836
- Depreciation +€4,834
up €4,834 (+70.7%), from €6,839 to €11,673
- Financial charges +€1,134
up €1,134 (+63.1%), from €1,799 to €2,933
of which Non-recurring financial charges: +€665
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.
Cash bridge derived
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 | €151,117 | €576,283 | +€425,165 | +281.3% |
| Fixed assets | 21/28 | €72,211 | €520,136 | +€447,925 | +620.3% |
| Tangible fixed assets | 22/27 | €72,211 | €520,136 | +€447,925 | +620.3% |
| Land and buildings | 22 | €65,045 | €514,895 | +€449,850 | +691.6% |
| Furniture and vehicles | 24 | €5,518 | €4,022 | -€1,496 | -27.1% |
| Other tangible fixed assets | 26 | €1,648 | €1,219 | -€429 | -26.0% |
| Current assets | 29/58 | €78,906 | €56,147 | -€22,760 | -28.8% |
| Amounts receivable within one year | 40/41 | €61,684 | €45,435 | -€16,249 | -26.3% |
| Trade receivables | 40 | €55,170 | €40,174 | -€14,996 | -27.2% |
| Other amounts receivable | 41 | €6,514 | €5,261 | -€1,252 | -19.2% |
| Cash at bank and in hand | 54/58 | €15,094 | €10,072 | -€5,022 | -33.3% |
| Deferred charges and accrued income | 490/1 | €2,129 | €640 | -€1,489 | -70.0% |
| Total equity and liabilities | 10/49 | €151,117 | €576,283 | +€425,165 | +281.3% |
| Equity | 10/15 | €18,648 | €45,140 | +€26,492 | +142.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,648 | €40,140 | +€26,492 | +194.1% |
| Amounts payable | 17/49 | €132,469 | €531,143 | +€398,673 | +301.0% |
| Amounts payable after more than one year | 17 | €48,592 | €370,304 | +€321,712 | +662.1% |
| Financial debts | 170/4 | €48,592 | €370,304 | +€321,712 | +662.1% |
| Amounts payable within one year | 42/48 | €83,878 | €160,839 | +€76,961 | +91.8% |
| Current portion of amounts payable after more than one year | 42 | €3,004 | €15,543 | +€12,539 | +417.4% |
| Trade debts | 44 | €60,751 | €55,103 | -€5,648 | -9.3% |
| Suppliers | 440/4 | €60,751 | €55,103 | -€5,648 | -9.3% |
| Taxes, remuneration and social security | 45 | €20,123 | €16,124 | -€3,999 | -19.9% |
| Taxes | 450/3 | €17,534 | €16,124 | -€1,411 | -8.0% |
| Remuneration and social security | 454/9 | €2,589 | - | -€2,589 | |
| Other amounts payable | 47/48 | - | €74,069 | +€74,069 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,839 | €11,673 | +€4,834 | +70.7% |
| Other operating charges | 640/8 | €1,701 | €32,916 | +€31,215 | +1834.6% |
| Gross operating margin | 9900 | €1,008 | €84,848 | +€83,840 | +8318.0% |
| Operating profit (loss) | 9901 | -€7,532 | €40,259 | +€47,791 | |
| Financial income | 75/76B | €34 | €2 | -€32 | -93.2% |
| Recurring financial income | 75 | €34 | €2 | -€32 | -93.2% |
| Financial charges | 65/66B | €1,799 | €2,933 | +€1,134 | +63.1% |
| Recurring financial charges | 65 | €1,799 | €2,268 | +€469 | +26.1% |
| Non-recurring financial charges | 66B | - | €665 | +€665 | |
| Profit (loss) for the period before taxes | 9903 | -€9,297 | €37,328 | +€46,625 | |
| Income taxes | 67/77 | -€1,125 | €10,836 | +€11,960 | |
| Profit (loss) for the period | 9904 | -€8,172 | €26,492 | +€34,664 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,172 | €26,492 | +€34,664 |
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 6 October 2026 via checked.be.