QG-Gestion: 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.
QG-Gestion
Largest movements
- Current investments +€10,487
new in 2026: €10,487
- Tangible fixed assets -€6,500
down €6,500 (-37.2%), from €17,461 to €10,961
- Cash -€6,306
down €6,306 (-22.4%), from €28,130 to €21,824
mainly Current investments (-€10,487) and Debts after one year (-€8,774)
- Reserves +€10,000
up €10,000 (+46.5%), from €21,527 to €31,527
of which Distributable reserves: +€10,000
- Debts after one year -€8,774
down €8,774 (-75.3%), from €11,649 to €2,875
of which Financial debts: -€6,675
- Profit (loss) carried forward -€3,670
down €3,670 (-77.2%), from €4,753 to €1,083
- Taxes +€4,025
up €4,025 (+196%), from €2,056 to €6,081
- Depreciation +€1,710
up €1,710 (+35.7%), from €4,790 to €6,500
- Gross operating margin +€510
up €510 (+2.4%), from €21,381 to €21,891
- Other operating charges +€339
up €339 (+17.9%), from €1,887 to €2,226
- Financial charges +€338
up €338 (+44.8%), from €755 to €1,094
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,677 | €48,535 | -€2,142 | -4.2% |
| Fixed assets | 21/28 | €17,461 | €10,961 | -€6,500 | -37.2% |
| Tangible fixed assets | 22/27 | €17,461 | €10,961 | -€6,500 | -37.2% |
| Furniture and vehicles | 24 | €17,461 | €10,961 | -€6,500 | -37.2% |
| Current assets | 29/58 | €33,216 | €37,574 | +€4,358 | +13.1% |
| Amounts receivable within one year | 40/41 | €4,555 | €4,689 | +€134 | +2.9% |
| Trade receivables | 40 | €4,372 | €4,376 | +€4 | +0.1% |
| Other amounts receivable | 41 | €183 | €313 | +€131 | +71.7% |
| Current investments | 50/53 | - | €10,487 | +€10,487 | |
| Cash at bank and in hand | 54/58 | €28,130 | €21,824 | -€6,306 | -22.4% |
| Deferred charges and accrued income | 490/1 | €531 | €575 | +€44 | +8.2% |
| Total equity and liabilities | 10/49 | €50,677 | €48,535 | -€2,142 | -4.2% |
| Equity | 10/15 | €32,480 | €38,810 | +€6,330 | +19.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,527 | €31,527 | +€10,000 | +46.5% |
| Non-distributable reserves | 130/1 | €1,527 | €1,527 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,527 | €1,527 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Profit (loss) carried forward | 14 | €4,753 | €1,083 | -€3,670 | -77.2% |
| Amounts payable | 17/49 | €18,196 | €9,725 | -€8,472 | -46.6% |
| Amounts payable after more than one year | 17 | €11,649 | €2,875 | -€8,774 | -75.3% |
| Financial debts | 170/4 | €9,551 | €2,875 | -€6,675 | -69.9% |
| Other amounts payable | 178/9 | €2,099 | - | -€2,099 | |
| Amounts payable within one year | 42/48 | €6,547 | €6,849 | +€302 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €6,370 | €6,675 | +€306 | +4.8% |
| Trade debts | 44 | €178 | €174 | -€4 | -2.0% |
| Suppliers | 440/4 | €178 | €174 | -€4 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,790 | €6,500 | +€1,710 | +35.7% |
| Other operating charges | 640/8 | €1,887 | €2,226 | +€339 | +17.9% |
| Gross operating margin | 9900 | €21,381 | €21,891 | +€510 | +2.4% |
| Operating profit (loss) | 9901 | €14,703 | €13,165 | -€1,539 | -10.5% |
| Financial income | 75/76B | €185 | €340 | +€155 | +83.4% |
| Recurring financial income | 75 | €185 | €340 | +€155 | +83.4% |
| Financial charges | 65/66B | €755 | €1,094 | +€338 | +44.8% |
| Recurring financial charges | 65 | €755 | €1,094 | +€338 | +44.8% |
| Profit (loss) for the period before taxes | 9903 | €14,133 | €12,411 | -€1,722 | -12.2% |
| Income taxes | 67/77 | €2,056 | €6,081 | +€4,025 | +196% |
| Profit (loss) for the period | 9904 | €12,078 | €6,330 | -€5,748 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,078 | €6,330 | -€5,748 | -47.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.