QEP: 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.
QEP
Largest movements
- Cash -€2,651
down €2,651 (-99.2%), from €2,673 to €22
mainly Net result for the year (-€2,132) and Receivables within one year (-€426)
- Receivables within one year +€426
up €426 (+43.5%), from €980 to €1,405
- Formation expenses -€140
down €140 (-76.8%), from €182 to €42
- Tangible fixed assets -€116
down €116 (-46.7%), from €248 to €132
- Profit (loss) carried forward -€2,132
down €2,132 (-59.4%), from €3,587 to €1,455
- Trade debts -€392
no longer reported in 2025 (was €392)
- Other debts +€43
up €43 (+43.9%), from €98 to €141
- Gross operating margin -€2,367
down €2,367, from €534 to -€1,833
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.
Cash bridge derived
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 | €4,127 | €1,646 | -€2,481 | -60.1% |
| Formation expenses | 20 | €182 | €42 | -€140 | -76.8% |
| Fixed assets | 21/28 | €293 | €177 | -€116 | -39.6% |
| Tangible fixed assets | 22/27 | €248 | €132 | -€116 | -46.7% |
| Furniture and vehicles | 24 | €248 | €132 | -€116 | -46.7% |
| Financial fixed assets | 28 | €44 | €44 | = | 0.0% |
| Current assets | 29/58 | €3,652 | €1,427 | -€2,225 | -60.9% |
| Amounts receivable within one year | 40/41 | €980 | €1,405 | +€426 | +43.5% |
| Other amounts receivable | 41 | €980 | €1,405 | +€426 | +43.5% |
| Cash at bank and in hand | 54/58 | €2,673 | €22 | -€2,651 | -99.2% |
| Total equity and liabilities | 10/49 | €4,127 | €1,646 | -€2,481 | -60.1% |
| Equity | 10/15 | €3,637 | €1,505 | -€2,132 | -58.6% |
| Contributions | 10/11 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,587 | €1,455 | -€2,132 | -59.4% |
| Amounts payable | 17/49 | €490 | €141 | -€349 | -71.2% |
| Amounts payable within one year | 42/48 | €490 | €141 | -€349 | -71.2% |
| Trade debts | 44 | €392 | - | -€392 | |
| Suppliers | 440/4 | €392 | - | -€392 | |
| Other amounts payable | 47/48 | €98 | €141 | +€43 | +43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239 | €256 | +€16 | +6.9% |
| Gross operating margin | 9900 | €534 | -€1,833 | -€2,367 | |
| Operating profit (loss) | 9901 | €295 | -€2,089 | -€2,384 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €37 | €43 | +€6 | +15.8% |
| Recurring financial charges | 65 | €37 | €43 | +€6 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €259 | -€2,132 | -€2,391 | |
| Profit (loss) for the period | 9904 | €259 | -€2,132 | -€2,391 | |
| Profit (loss) for the period to be appropriated | 9905 | €259 | -€2,132 | -€2,391 |
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 12 October 2026 via checked.be.