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QCP: 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.

What changed

QCP

BE 1002.394.040
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€443,188
2024 · -€1,824+€445,012
Equity
€446,364
2024 · €3,176+€443,188
Cash
€232,689
2024 · €676+€232,013
Balance sheet total
€447,605
2024 · €14,176+€433,429

Largest movements

2024 to 2025
Assets
  • Cash +€232,013

    up €232,013 (+34,321%), from €676 to €232,689

    mainly Net result for the year (+€443,188) and Trade debts (+€1,241)

  • Receivables within one year +€201,417

    new in 2025: €201,417

Equity and liabilities
  • Profit (loss) carried forward +€443,188

    up €443,188, from -€1,824 to €441,364

  • Other debts -€11,000

    down €11,000 (-100%), from €11,000 to €0

Income statement
  • Financial income +€451,417

    new in 2025: €451,417

  • Gross operating margin -€6,458

    down €6,458 (-369%), from -€1,750 to -€8,208

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 -€1,824
Gross operating margin -€6,458
Financial income +€451,417
Financial charges +€53
Result 2025 €443,188
raises the resultlowers the result

Derived cash bridge

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 +€232,013
Investment €0
Financing €0
Cash 2024 €676
Net result for the year +€443,188
Receivables within one year -€201,417
Trade debts +€1,241
Other debts -€11,000
Cash 2025 €232,689
brings cash intakes cash out
Every line side by side 27 lines
Line Code 2024 2025 Change %
Total assets 20/58 €14,176 €447,605 +€433,429 +3,057%
Fixed assets 21/28 €13,500 €13,500 = 0.0%
Tangible fixed assets 22/27 €11,000 €11,000 = 0.0%
Other tangible fixed assets 26 €11,000 €11,000 = 0.0%
Financial fixed assets 28 €2,500 €2,500 = 0.0%
Current assets 29/58 €676 €434,105 +€433,429 +64,117%
Amounts receivable within one year 40/41 - €201,417 +€201,417
Other amounts receivable 41 - €201,417 +€201,417
Cash at bank and in hand 54/58 €676 €232,689 +€232,013 +34,321%
Total equity and liabilities 10/49 €14,176 €447,605 +€433,429 +3,057%
Equity 10/15 €3,176 €446,364 +€443,188 +13,954%
Contributions 10/11 €5,000 €5,000 = 0.0%
Profit (loss) carried forward 14 -€1,824 €441,364 +€443,188
Amounts payable 17/49 €11,000 €1,241 -€9,759 -88.7%
Amounts payable within one year 42/48 €11,000 €1,241 -€9,759 -88.7%
Trade debts 44 - €1,241 +€1,241
Suppliers 440/4 - €1,241 +€1,241
Other amounts payable 47/48 €11,000 €0 -€11,000 -100%
Gross operating margin 9900 -€1,750 -€8,208 -€6,458 -369%
Operating profit (loss) 9901 -€1,750 -€8,208 -€6,458 -369%
Financial income 75/76B - €451,417 +€451,417
Recurring financial income 75 - €451,417 +€451,417
Financial charges 65/66B €74 €21 -€53 -71.5%
Recurring financial charges 65 €74 €21 -€53 -71.5%
Profit (loss) for the period before taxes 9903 -€1,824 €443,188 +€445,012
Profit (loss) for the period 9904 -€1,824 €443,188 +€445,012
Profit (loss) for the period to be appropriated 9905 -€1,824 €443,188 +€445,012

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.