QEOS: what changed
What changed
QEOS
NACE 95.319, Other maintenance and repair of motor vehicles
filed annual accounts (NBB)
Net result for the year
-€139,446
2024 · €39,195-€178,640
Equity
€588,607
2024 · €734,282-€145,675
Cash
€176,132
2024 · €139,038+€37,093
Balance sheet total
€4.0m
2024 · €3.3m+€635,422
Largest movements
Assets
- Intangible fixed assets +€668,806
up €668,806 (+48.5%), from €1.4m to €2.0m
- Deferred charges and accrued income -€60,112
down €60,112 (-84.1%), from €71,490 to €11,378
- Tangible fixed assets -€59,709
down €59,709 (-5.0%), from €1.2m to €1.1m
of which Land and buildings: -€56,459
- Receivables within one year +€45,815
up €45,815 (+13.9%), from €329,322 to €375,137
of which Trade receivables: +€201,162
Equity and liabilities
- Accrued charges and deferred income +€443,783
up €443,783 (+12,199%), from €3,638 to €447,421
- Debts after one year +€372,296
up €372,296 (+35.5%), from €1.1m to €1.4m
- Profit (loss) carried forward -€139,446
down €139,446 (-48.9%), from €285,224 to €145,778
- Trade debts -€134,133
down €134,133 (-12.1%), from €1.1m to €970,373
- Short-term financial debts +€96,260
up €96,260 (+51.3%), from €187,536 to €283,796
Income statement
- Depreciation +€206,502
up €206,502 (+274%), from €75,441 to €281,943
- Financial charges -€161,541
down €161,541 (-67.9%), from €238,067 to €76,525
of which Non-recurring financial charges: -€193,290
- Gross operating margin -€90,159
down €90,159 (-23.5%), from €384,262 to €294,104
- Financial income -€54,772
down €54,772 (-87.6%), from €62,490 to €7,718
of which Non-recurring financial income: -€52,500
- Taxes -€15,050
down €15,050 (-96.9%), from €15,533 to €483
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€39,195
Gross operating margin
-€90,159
Staff costs
-€3,436
Depreciation
-€206,502
Other operating charges
-€362
Financial income
-€54,772
Financial charges
+€161,541
Taxes
+€15,050
Result 2025
-€139,446
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€458,610
Investment
-€891,040
Financing
+€469,523
Cash 2024
€139,038
From operations (derived)
+€458,610
Net result for the year
-€139,446
Depreciation
+€281,943
Stocks and contracts
-€3,528
Receivables within one year
-€45,815
Deferred charges and accrued income
+€60,112
Trade debts
-€134,133
Tax, wage and social debts
-€3,538
Other debts
-€767
Accrued charges and deferred income
+€443,783
Investment (derived)
-€891,040
Investment in fixed assets (net)
-€891,040
Financing
+€469,523
Debts after one year
+€372,296
Current portion of long-term debt
+€7,196
Short-term financial debts
+€96,260
Contributions, distributions and other
-€6,229
Cash 2025
€176,132
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,322,288 | €3,957,710 | +€635,422 | +19.1% |
| Fixed assets | 21/28 | €2,583,582 | €3,192,679 | +€609,097 | +23.6% |
| Intangible fixed assets | 21 | €1,378,480 | €2,047,286 | +€668,806 | +48.5% |
| Tangible fixed assets | 22/27 | €1,205,102 | €1,145,392 | -€59,709 | -5.0% |
| Land and buildings | 22 | €1,193,156 | €1,136,697 | -€56,459 | -4.7% |
| Furniture and vehicles | 24 | €11,946 | €8,696 | -€3,250 | -27.2% |
| Current assets | 29/58 | €738,706 | €765,031 | +€26,325 | +3.6% |
| Stocks and contracts in progress | 3 | €198,856 | €202,384 | +€3,528 | +1.8% |
| Stocks | 30/36 | €198,856 | €202,384 | +€3,528 | +1.8% |
| Amounts receivable within one year | 40/41 | €329,322 | €375,137 | +€45,815 | +13.9% |
| Trade receivables | 40 | €156,423 | €357,585 | +€201,162 | +129% |
| Other amounts receivable | 41 | €172,898 | €17,552 | -€155,346 | -89.8% |
| Cash at bank and in hand | 54/58 | €139,038 | €176,132 | +€37,093 | +26.7% |
| Deferred charges and accrued income | 490/1 | €71,490 | €11,378 | -€60,112 | -84.1% |
| Total equity and liabilities | 10/49 | €3,322,288 | €3,957,710 | +€635,422 | +19.1% |
| Equity | 10/15 | €734,282 | €588,607 | -€145,675 | -19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €292,466 | €292,466 | = | 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% |
| Distributable reserves | 133 | €290,606 | €290,606 | = | 0.0% |
| Profit (loss) carried forward | 14 | €285,224 | €145,778 | -€139,446 | -48.9% |
| Investment grants | 15 | €137,993 | €131,763 | -€6,229 | -4.5% |
| Amounts payable | 17/49 | €2,588,006 | €3,369,103 | +€781,097 | +30.2% |
| Amounts payable after more than one year | 17 | €1,050,009 | €1,422,304 | +€372,296 | +35.5% |
| Financial debts | 170/4 | €1,050,009 | €1,422,304 | +€372,296 | +35.5% |
| Amounts payable within one year | 42/48 | €1,534,360 | €1,499,378 | -€34,982 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €220,508 | €227,704 | +€7,196 | +3.3% |
| Financial debts | 43 | €187,536 | €283,796 | +€96,260 | +51.3% |
| Credit institutions | 430/8 | €187,536 | €283,796 | +€96,260 | +51.3% |
| Trade debts | 44 | €1,104,506 | €970,373 | -€134,133 | -12.1% |
| Suppliers | 440/4 | €1,104,506 | €970,373 | -€134,133 | -12.1% |
| Taxes, remuneration and social security | 45 | €21,044 | €17,505 | -€3,538 | -16.8% |
| Taxes | 450/3 | €48 | €9 | -€39 | -81.9% |
| Remuneration and social security | 454/9 | €20,996 | €17,497 | -€3,499 | -16.7% |
| Other amounts payable | 47/48 | €767 | - | -€767 | |
| Accrued charges and deferred income | 492/3 | €3,638 | €447,421 | +€443,783 | +12,199% |
| Remuneration, social security and pensions | 62 | €66,210 | €69,646 | +€3,436 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,441 | €281,943 | +€206,502 | +274% |
| Other operating charges | 640/8 | €12,307 | €12,669 | +€362 | +2.9% |
| Gross operating margin | 9900 | €384,262 | €294,104 | -€90,159 | -23.5% |
| Operating profit (loss) | 9901 | €230,304 | -€70,155 | -€300,459 | |
| Financial income | 75/76B | €62,490 | €7,718 | -€54,772 | -87.6% |
| Recurring financial income | 75 | €9,990 | €7,718 | -€2,272 | -22.7% |
| Non-recurring financial income | 76B | €52,500 | - | -€52,500 | |
| Financial charges | 65/66B | €238,067 | €76,525 | -€161,541 | -67.9% |
| Recurring financial charges | 65 | €44,776 | €76,525 | +€31,749 | +70.9% |
| Non-recurring financial charges | 66B | €193,290 | - | -€193,290 | |
| Profit (loss) for the period before taxes | 9903 | €54,727 | -€138,963 | -€193,690 | |
| Income taxes | 67/77 | €15,533 | €483 | -€15,050 | -96.9% |
| Profit (loss) for the period | 9904 | €39,195 | -€139,446 | -€178,640 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,195 | -€139,446 | -€178,640 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.