QFIRST-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.
QFIRST-CONSULTING
Largest movements
- Cash +€29,243
up €29,243 (+47.6%), from €61,496 to €90,739
mainly Net result for the year (+€49,895) and Tax, wage and social debts (+€15,251)
- Deferred charges and accrued income -€3,040
down €3,040 (-31.1%), from €9,767 to €6,727
- Tangible fixed assets -€1,749
down €1,749 (-27.5%), from €6,365 to €4,616
- Reserves +€49,895
up €49,895 (+2,683%), from €1,860 to €51,755
of which Distributable reserves: +€49,895
- Other debts -€41,615
down €41,615 (-90.6%), from €45,944 to €4,329
- Tax, wage and social debts +€15,251
up €15,251 (+151%), from €10,107 to €25,358
of which Taxes: +€12,070
- Trade debts +€1,823
up €1,823 (+380%), from €480 to €2,303
- Taxes +€5,997
up €5,997 (+38.4%), from €15,600 to €21,597
- Gross operating margin -€2,733
down €2,733 (-3.5%), from €77,810 to €75,077
- Other operating charges -€863
down €863 (-52.4%), from €1,648 to €785
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 | €91,689 | €117,044 | +€25,355 | +27.7% |
| Fixed assets | 21/28 | €6,365 | €4,616 | -€1,749 | -27.5% |
| Tangible fixed assets | 22/27 | €6,365 | €4,616 | -€1,749 | -27.5% |
| Furniture and vehicles | 24 | €6,365 | €4,616 | -€1,749 | -27.5% |
| Current assets | 29/58 | €85,323 | €112,427 | +€27,104 | +31.8% |
| Amounts receivable within one year | 40/41 | €14,060 | €14,961 | +€901 | +6.4% |
| Trade receivables | 40 | €14,060 | €14,961 | +€901 | +6.4% |
| Cash at bank and in hand | 54/58 | €61,496 | €90,739 | +€29,243 | +47.6% |
| Deferred charges and accrued income | 490/1 | €9,767 | €6,727 | -€3,040 | -31.1% |
| Total equity and liabilities | 10/49 | €91,689 | €117,044 | +€25,355 | +27.7% |
| Equity | 10/15 | €35,158 | €85,053 | +€49,895 | +142% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €51,755 | +€49,895 | +2,683% |
| 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 | - | €49,895 | +€49,895 | |
| Profit (loss) carried forward | 14 | €14,698 | €14,698 | = | 0.0% |
| Amounts payable | 17/49 | €56,530 | €31,990 | -€24,540 | -43.4% |
| Amounts payable within one year | 42/48 | €56,530 | €31,990 | -€24,540 | -43.4% |
| Trade debts | 44 | €480 | €2,303 | +€1,823 | +380% |
| Suppliers | 440/4 | €480 | €2,303 | +€1,823 | +380% |
| Taxes, remuneration and social security | 45 | €10,107 | €25,358 | +€15,251 | +151% |
| Taxes | 450/3 | €10,107 | €22,177 | +€12,070 | +119% |
| Remuneration and social security | 454/9 | €0 | €3,181 | +€3,181 | |
| Other amounts payable | 47/48 | €45,944 | €4,329 | -€41,615 | -90.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,395 | €2,451 | +€56 | +2.3% |
| Other operating charges | 640/8 | €1,648 | €785 | -€863 | -52.4% |
| Gross operating margin | 9900 | €77,810 | €75,077 | -€2,733 | -3.5% |
| Operating profit (loss) | 9901 | €73,767 | €71,842 | -€1,925 | -2.6% |
| Financial income | 75/76B | €0 | €5 | +€5 | |
| Recurring financial income | 75 | €0 | €5 | +€5 | |
| Financial charges | 65/66B | €637 | €354 | -€283 | -44.4% |
| Recurring financial charges | 65 | €637 | €354 | -€283 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €73,130 | €71,492 | -€1,638 | -2.2% |
| Income taxes | 67/77 | €15,600 | €21,597 | +€5,997 | +38.4% |
| Profit (loss) for the period | 9904 | €57,530 | €49,895 | -€7,635 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,530 | €49,895 | -€7,635 | -13.3% |
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 13 October 2026 via checked.be.