QGC GROUP: 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.
QGC GROUP
Largest movements
- Receivables within one year +€224,105
up €224,105 (+83.5%), from €268,465 to €492,570
of which Trade receivables: +€209,247
- Trade debts +€127,755
up €127,755 (+174%), from €73,452 to €201,207
- Tax, wage and social debts +€53,756
up €53,756 (+288%), from €18,682 to €72,438
of which Remuneration and social security: +€36,663
- Profit (loss) carried forward +€33,378
up €33,378 (+94.2%), from -€35,448 to -€2,070
- Accrued charges and deferred income +€18,949
new in 2025: €18,949
- Other debts -€7,711
no longer reported in 2025 (was €7,711)
- Turnover +€339,721
up €339,721 (+71.1%), from €477,640 to €817,361
- Purchases and services +€322,173
up €322,173 (+93.0%), from €346,549 to €668,722
- Staff costs +€82,209
up €82,209 (+311%), from €26,476 to €108,685
- Gross operating margin +€17,548
up €17,548 (+13.4%), from €131,091 to €148,639
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 | €268,482 | €493,622 | +€225,140 | +83.9% |
| Current assets | 29/58 | €268,482 | €493,622 | +€225,140 | +83.9% |
| Amounts receivable within one year | 40/41 | €268,465 | €492,570 | +€224,105 | +83.5% |
| Trade receivables | 40 | €247,302 | €456,549 | +€209,247 | +84.6% |
| Other amounts receivable | 41 | €21,163 | €36,021 | +€14,858 | +70.2% |
| Cash at bank and in hand | 54/58 | €17 | €1,052 | +€1,035 | +6,088% |
| Total equity and liabilities | 10/49 | €268,482 | €493,622 | +€225,140 | +83.9% |
| Equity | 10/15 | €168,637 | €201,028 | +€32,391 | +19.2% |
| Contributions | 10/11 | €200,987 | €200,000 | -€987 | -0.5% |
| Capital | 10 | €200,987 | €200,000 | -€987 | -0.5% |
| Issued capital | 100 | €200,987 | €200,000 | -€987 | -0.5% |
| Reserves | 13 | €3,098 | €3,098 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,098 | €3,098 | = | 0.0% |
| Legal reserve | 130 | €3,098 | €3,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,448 | -€2,070 | +€33,378 | +94.2% |
| Amounts payable | 17/49 | €99,845 | €292,594 | +€192,749 | +193% |
| Amounts payable within one year | 42/48 | €99,845 | €273,645 | +€173,800 | +174% |
| Trade debts | 44 | €73,452 | €201,207 | +€127,755 | +174% |
| Suppliers | 440/4 | €73,452 | €201,207 | +€127,755 | +174% |
| Taxes, remuneration and social security | 45 | €18,682 | €72,438 | +€53,756 | +288% |
| Taxes | 450/3 | €4,519 | €21,612 | +€17,093 | +378% |
| Remuneration and social security | 454/9 | €14,163 | €50,826 | +€36,663 | +259% |
| Other amounts payable | 47/48 | €7,711 | - | -€7,711 | |
| Accrued charges and deferred income | 492/3 | - | €18,949 | +€18,949 | |
| Turnover | 70 | €477,640 | €817,361 | +€339,721 | +71.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €346,549 | €668,722 | +€322,173 | +93.0% |
| Remuneration, social security and pensions | 62 | €26,476 | €108,685 | +€82,209 | +311% |
| Other operating charges | 640/8 | €792 | €873 | +€81 | +10.2% |
| Gross operating margin | 9900 | €131,091 | €148,639 | +€17,548 | +13.4% |
| Operating profit (loss) | 9901 | €103,823 | €39,081 | -€64,742 | -62.4% |
| Financial income | 75/76B | €227 | - | -€227 | |
| Recurring financial income | 75 | €227 | - | -€227 | |
| Financial charges | 65/66B | €1,254 | €5,703 | +€4,449 | +355% |
| Recurring financial charges | 65 | €1,254 | €5,703 | +€4,449 | +355% |
| Profit (loss) for the period before taxes | 9903 | €102,796 | €33,378 | -€69,418 | -67.5% |
| Profit (loss) for the period | 9904 | €102,796 | €33,378 | -€69,418 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,796 | €33,378 | -€69,418 | -67.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.