QCS: 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.
QCS
Largest movements
- Cash +€1,684
up €1,684 (+10.1%), from €16,697 to €18,381
mainly Net result for the year (+€955) and Receivables within one year (+€491)
- Receivables within one year -€491
down €491 (-9.2%), from €5,327 to €4,835
of which Other amounts receivable: -€514
- Profit (loss) carried forward +€955
up €955 (+69.8%), from €1,368 to €2,323
- Tax, wage and social debts +€374
up €374 (+1,295%), from €29 to €403
- Trade debts -€235
no longer reported in 2025 (was €235)
- Gross operating margin +€1,590
up €1,590 (+76.1%), from €2,089 to €3,679
- Taxes +€374
up €374 (+1,295%), from €29 to €403
- Depreciation -€362
down €362 (-78.6%), from €461 to €98
- Other operating charges -€256
down €256 (-20.3%), from €1,265 to €1,008
- Financial charges +€220
up €220 (+62.4%), from €353 to €573
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 | €22,256 | €23,351 | +€1,094 | +4.9% |
| Fixed assets | 21/28 | €233 | €135 | -€98 | -42.2% |
| Tangible fixed assets | 22/27 | €98 | - | -€98 | |
| Furniture and vehicles | 24 | €98 | - | -€98 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €22,023 | €23,216 | +€1,193 | +5.4% |
| Amounts receivable within one year | 40/41 | €5,327 | €4,835 | -€491 | -9.2% |
| Trade receivables | 40 | €189 | €211 | +€22 | +11.7% |
| Other amounts receivable | 41 | €5,138 | €4,624 | -€514 | -10.0% |
| Cash at bank and in hand | 54/58 | €16,697 | €18,381 | +€1,684 | +10.1% |
| Total equity and liabilities | 10/49 | €22,256 | €23,351 | +€1,094 | +4.9% |
| Equity | 10/15 | €21,993 | €22,948 | +€955 | +4.3% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,368 | €2,323 | +€955 | +69.8% |
| Amounts payable | 17/49 | €264 | €403 | +€139 | +52.7% |
| Amounts payable within one year | 42/48 | €264 | €403 | +€139 | +52.7% |
| Trade debts | 44 | €235 | - | -€235 | |
| Suppliers | 440/4 | €235 | - | -€235 | |
| Taxes, remuneration and social security | 45 | €29 | €403 | +€374 | +1,295% |
| Taxes | 450/3 | €29 | €403 | +€374 | +1,295% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €461 | €98 | -€362 | -78.6% |
| Other operating charges | 640/8 | €1,265 | €1,008 | -€256 | -20.3% |
| Non-recurring operating charges | 66A | - | €641 | +€641 | |
| Gross operating margin | 9900 | €2,089 | €3,679 | +€1,590 | +76.1% |
| Operating profit (loss) | 9901 | €363 | €1,931 | +€1,567 | +431% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €353 | €573 | +€220 | +62.4% |
| Recurring financial charges | 65 | €353 | €573 | +€220 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | €12 | €1,358 | +€1,346 | +11,538% |
| Income taxes | 67/77 | €29 | €403 | +€374 | +1,295% |
| Profit (loss) for the period | 9904 | -€17 | €955 | +€972 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17 | €955 | +€972 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.