QDS ENTERTAINMENT: 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.
QDS ENTERTAINMENT
Largest movements
- Cash +€47,665
up €47,665 (+1,538%), from €3,099 to €50,764
mainly Trade debts (+€57,595) and Depreciation (+€39,638)
- Receivables within one year -€19,667
down €19,667 (-54.8%), from €35,919 to €16,252
of which Trade receivables: -€34,885
- Tangible fixed assets -€12,407
down €12,407 (-4.7%), from €266,710 to €254,304
of which Other tangible fixed assets: -€16,013
- Trade debts +€57,595
up €57,595 (+2,846%), from €2,024 to €59,619
- Debts after one year -€36,011
down €36,011 (-27.8%), from €129,377 to €93,366
- Other debts -€8,334
no longer reported in 2025 (was €8,334)
- Tax, wage and social debts +€4,163
up €4,163 (+14.1%), from €29,532 to €33,695
of which Remuneration and social security: +€13,391
- Gross operating margin -€29,657
down €29,657 (-24.6%), from €120,345 to €90,688
- Depreciation +€6,831
up €6,831 (+20.8%), from €32,807 to €39,638
- Taxes -€2,107
down €2,107 (-59.6%), from €3,536 to €1,429
- Staff costs +€1,354
up €1,354 (+3.7%), from €36,530 to €37,883
- Financial charges -€1,346
down €1,346 (-23.3%), from €5,787 to €4,441
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 | €309,994 | €325,672 | +€15,679 | +5.1% |
| Fixed assets | 21/28 | €269,491 | €257,084 | -€12,407 | -4.6% |
| Tangible fixed assets | 22/27 | €266,710 | €254,304 | -€12,407 | -4.7% |
| Land and buildings | 22 | €154,141 | €148,844 | -€5,296 | -3.4% |
| Furniture and vehicles | 24 | €28,485 | €37,388 | +€8,903 | +31.3% |
| Other tangible fixed assets | 26 | €84,084 | €68,071 | -€16,013 | -19.0% |
| Financial fixed assets | 28 | €2,780 | €2,780 | = | 0.0% |
| Current assets | 29/58 | €40,503 | €68,588 | +€28,085 | +69.3% |
| Amounts receivable within one year | 40/41 | €35,919 | €16,252 | -€19,667 | -54.8% |
| Trade receivables | 40 | €35,919 | €1,034 | -€34,885 | -97.1% |
| Other amounts receivable | 41 | - | €15,218 | +€15,218 | |
| Current investments | 50/53 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,099 | €50,764 | +€47,665 | +1,538% |
| Deferred charges and accrued income | 490/1 | €485 | €572 | +€88 | +18.1% |
| Total equity and liabilities | 10/49 | €309,994 | €325,672 | +€15,679 | +5.1% |
| Equity | 10/15 | €105,789 | €102,985 | -€2,805 | -2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,200 | €31,200 | = | 0.0% |
| Distributable reserves | 133 | €31,200 | €31,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,389 | €65,585 | -€2,805 | -4.1% |
| Amounts payable | 17/49 | €204,204 | €222,688 | +€18,483 | +9.1% |
| Amounts payable after more than one year | 17 | €129,377 | €93,366 | -€36,011 | -27.8% |
| Financial debts | 170/4 | €129,377 | €93,366 | -€36,011 | -27.8% |
| Amounts payable within one year | 42/48 | €74,828 | €129,322 | +€54,494 | +72.8% |
| Current portion of amounts payable after more than one year | 42 | €34,938 | €36,008 | +€1,070 | +3.1% |
| Trade debts | 44 | €2,024 | €59,619 | +€57,595 | +2,846% |
| Suppliers | 440/4 | €2,024 | €59,619 | +€57,595 | +2,846% |
| Taxes, remuneration and social security | 45 | €29,532 | €33,695 | +€4,163 | +14.1% |
| Taxes | 450/3 | €16,321 | €7,094 | -€9,227 | -56.5% |
| Remuneration and social security | 454/9 | €13,211 | €26,601 | +€13,391 | +101% |
| Other amounts payable | 47/48 | €8,334 | - | -€8,334 | |
| Remuneration, social security and pensions | 62 | €36,530 | €37,883 | +€1,354 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,807 | €39,638 | +€6,831 | +20.8% |
| Other operating charges | 640/8 | €10,571 | €10,102 | -€469 | -4.4% |
| Gross operating margin | 9900 | €120,345 | €90,688 | -€29,657 | -24.6% |
| Operating profit (loss) | 9901 | €40,437 | €3,065 | -€37,372 | -92.4% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €5,787 | €4,441 | -€1,346 | -23.3% |
| Recurring financial charges | 65 | €5,787 | €4,441 | -€1,346 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €34,658 | -€1,376 | -€36,035 | |
| Income taxes | 67/77 | €3,536 | €1,429 | -€2,107 | -59.6% |
| Profit (loss) for the period | 9904 | €31,123 | -€2,805 | -€33,927 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,123 | -€2,805 | -€33,927 |
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 24 October 2026 via checked.be.