QDC-Governance: 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.
QDC-Governance
Largest movements
- Cash +€59,772
up €59,772 (+635%), from €9,412 to €69,183
mainly Receivables within one year (+€26,976) and Net result for the year (+€13,291)
- Receivables within one year -€26,976
down €26,976 (-38.3%), from €70,363 to €43,387
of which Other amounts receivable: -€26,792
- Deferred charges and accrued income -€6,000
down €6,000 (-100%), from €6,000 to €0
- Profit (loss) carried forward +€13,291
up €13,291 (+71.4%), from €18,603 to €31,894
- Trade debts +€10,850
up €10,850 (+25.8%), from €42,115 to €52,965
- Tax, wage and social debts +€2,525
up €2,525 (+253%), from €1,000 to €3,525
- Gross operating margin +€21,158
up €21,158, from -€3,682 to €17,476
- Taxes +€3,595
up €3,595, from -€95 to €3,500
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 | €85,775 | €112,571 | +€26,796 | +31.2% |
| Current assets | 29/58 | €85,775 | €112,571 | +€26,796 | +31.2% |
| Amounts receivable within one year | 40/41 | €70,363 | €43,387 | -€26,976 | -38.3% |
| Trade receivables | 40 | €18,406 | €18,222 | -€183 | -1.0% |
| Other amounts receivable | 41 | €51,957 | €25,165 | -€26,792 | -51.6% |
| Cash at bank and in hand | 54/58 | €9,412 | €69,183 | +€59,772 | +635% |
| Deferred charges and accrued income | 490/1 | €6,000 | €0 | -€6,000 | -100% |
| Total equity and liabilities | 10/49 | €85,775 | €112,571 | +€26,796 | +31.2% |
| Equity | 10/15 | €41,554 | €54,844 | +€13,291 | +32.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €4,359 | €4,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,499 | €2,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,603 | €31,894 | +€13,291 | +71.4% |
| Amounts payable | 17/49 | €44,221 | €57,726 | +€13,505 | +30.5% |
| Amounts payable within one year | 42/48 | €44,221 | €57,726 | +€13,505 | +30.5% |
| Trade debts | 44 | €42,115 | €52,965 | +€10,850 | +25.8% |
| Suppliers | 440/4 | €42,115 | €52,965 | +€10,850 | +25.8% |
| Taxes, remuneration and social security | 45 | €1,000 | €3,525 | +€2,525 | +253% |
| Taxes | 450/3 | €1,000 | €3,525 | +€2,525 | +253% |
| Other amounts payable | 47/48 | €1,106 | €1,236 | +€130 | +11.8% |
| Other operating charges | 640/8 | €618 | €633 | +€14 | +2.3% |
| Gross operating margin | 9900 | -€3,682 | €17,476 | +€21,158 | |
| Operating profit (loss) | 9901 | -€4,300 | €16,844 | +€21,143 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €40 | €53 | +€14 | +35.0% |
| Recurring financial charges | 65 | €40 | €53 | +€14 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,339 | €16,791 | +€21,130 | |
| Income taxes | 67/77 | -€95 | €3,500 | +€3,595 | |
| Profit (loss) for the period | 9904 | -€4,245 | €13,291 | +€17,536 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,245 | €13,291 | +€17,536 |
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.