QDW CONSULTING: 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.
QDW CONSULTING
Largest movements
- Intangible fixed assets -€7,500
down €7,500 (-15.3%), from €49,007 to €41,507
- Tangible fixed assets +€2,528
up €2,528 (+290%), from €871 to €3,399
- Cash +€2,081
up €2,081 (+21.5%), from €9,693 to €11,774
mainly Depreciation (+€8,151) and Other debts (+€4,816)
- Receivables within one year -€2,008
down €2,008 (-9.6%), from €20,966 to €18,958
of which Other amounts receivable: -€4,561
- Deferred charges and accrued income -€1,190
no longer reported in 2025 (was €1,190)
- Debts after one year -€5,722
down €5,722 (-38.6%), from €14,829 to €9,107
- Other debts +€4,816
new in 2025: €4,816
- Trade debts -€4,041
down €4,041 (-47.6%), from €8,494 to €4,453
- Profit (loss) carried forward -€3,112
down €3,112 (-13.0%), from €23,974 to €20,862
- Current portion of long-term debt +€1,265
up €1,265 (+23.2%), from €5,457 to €6,722
- Gross operating margin -€17,828
down €17,828 (-69.5%), from €25,652 to €7,824
- Taxes -€3,505
down €3,505 (-88.8%), from €3,945 to €441
- Financial charges -€824
down €824 (-26.0%), from €3,169 to €2,345
- Depreciation +€342
up €342 (+4.4%), from €7,809 to €8,151
- Financial income -€281
no longer reported in 2025 (was €281)
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 | €81,728 | €75,639 | -€6,089 | -7.5% |
| Fixed assets | 21/28 | €49,878 | €44,906 | -€4,972 | -10.0% |
| Intangible fixed assets | 21 | €49,007 | €41,507 | -€7,500 | -15.3% |
| Tangible fixed assets | 22/27 | €871 | €3,399 | +€2,528 | +290% |
| Furniture and vehicles | 24 | €871 | €3,399 | +€2,528 | +290% |
| Current assets | 29/58 | €31,850 | €30,733 | -€1,117 | -3.5% |
| Amounts receivable within one year | 40/41 | €20,966 | €18,958 | -€2,008 | -9.6% |
| Trade receivables | 40 | €11,846 | €14,399 | +€2,553 | +21.6% |
| Other amounts receivable | 41 | €9,120 | €4,559 | -€4,561 | -50.0% |
| Cash at bank and in hand | 54/58 | €9,693 | €11,774 | +€2,081 | +21.5% |
| Deferred charges and accrued income | 490/1 | €1,190 | - | -€1,190 | |
| Total equity and liabilities | 10/49 | €81,728 | €75,639 | -€6,089 | -7.5% |
| Equity | 10/15 | €35,974 | €32,862 | -€3,112 | -8.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,974 | €20,862 | -€3,112 | -13.0% |
| Amounts payable | 17/49 | €45,753 | €42,776 | -€2,977 | -6.5% |
| Amounts payable after more than one year | 17 | €14,829 | €9,107 | -€5,722 | -38.6% |
| Financial debts | 170/4 | €14,829 | €9,107 | -€5,722 | -38.6% |
| Amounts payable within one year | 42/48 | €30,924 | €33,669 | +€2,745 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €5,457 | €6,722 | +€1,265 | +23.2% |
| Trade debts | 44 | €8,494 | €4,453 | -€4,041 | -47.6% |
| Suppliers | 440/4 | €8,494 | €4,453 | -€4,041 | -47.6% |
| Taxes, remuneration and social security | 45 | €16,974 | €17,679 | +€705 | +4.2% |
| Taxes | 450/3 | €16,974 | €17,679 | +€705 | +4.2% |
| Other amounts payable | 47/48 | - | €4,816 | +€4,816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,809 | €8,151 | +€342 | +4.4% |
| Gross operating margin | 9900 | €25,652 | €7,824 | -€17,828 | -69.5% |
| Operating profit (loss) | 9901 | €17,843 | -€327 | -€18,170 | |
| Financial income | 75/76B | €281 | - | -€281 | |
| Recurring financial income | 75 | €281 | - | -€281 | |
| Financial charges | 65/66B | €3,169 | €2,345 | -€824 | -26.0% |
| Recurring financial charges | 65 | €3,169 | €2,345 | -€824 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €14,955 | -€2,671 | -€17,627 | |
| Income taxes | 67/77 | €3,945 | €441 | -€3,505 | -88.8% |
| Profit (loss) for the period | 9904 | €11,010 | -€3,112 | -€14,122 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,010 | -€3,112 | -€14,122 |
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 27 October 2026 via checked.be.