QHSE Consult: 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.
QHSE Consult
Largest movements
- Cash +€40,513
up €40,513 (+15,290%), from €265 to €40,778
mainly Trade debts (+€48,025) and Net result for the year (+€9,364)
- Receivables within one year +€9,834
up €9,834 (+113%), from €8,732 to €18,566
of which Other amounts receivable: +€7,689
- Tangible fixed assets -€3,044
down €3,044 (-12.9%), from €23,507 to €20,463
of which Furniture and vehicles: -€6,476
- Trade debts +€48,025
up €48,025 (+35,111%), from €137 to €48,162
- Other debts -€12,475
down €12,475 (-80.7%), from €15,459 to €2,984
- Profit (loss) carried forward +€9,364
up €9,364 (+97.6%), from €9,591 to €18,955
- Tax, wage and social debts +€4,454
up €4,454 (+86.2%), from €5,168 to €9,622
- Accrued charges and deferred income -€2,025
down €2,025 (-100%), from €2,025 to €0
- Gross operating margin -€8,062
down €8,062 (-27.0%), from €29,844 to €21,782
- Depreciation -€3,416
down €3,416 (-32.5%), from €10,510 to €7,094
- Financial charges -€2,968
down €2,968 (-98.4%), from €3,016 to €48
- Other operating charges -€703
down €703 (-45.1%), from €1,559 to €855
- Taxes -€699
down €699 (-13.5%), from €5,168 to €4,469
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 | €33,880 | €81,223 | +€47,343 | +140% |
| Fixed assets | 21/28 | €23,507 | €20,463 | -€3,044 | -12.9% |
| Tangible fixed assets | 22/27 | €23,507 | €20,463 | -€3,044 | -12.9% |
| Plant, machinery and equipment | 23 | €1,772 | €5,204 | +€3,432 | +194% |
| Furniture and vehicles | 24 | €21,736 | €15,259 | -€6,476 | -29.8% |
| Current assets | 29/58 | €10,373 | €60,760 | +€50,387 | +486% |
| Amounts receivable within one year | 40/41 | €8,732 | €18,566 | +€9,834 | +113% |
| Trade receivables | 40 | €7,522 | €9,667 | +€2,145 | +28.5% |
| Other amounts receivable | 41 | €1,210 | €8,898 | +€7,689 | +636% |
| Cash at bank and in hand | 54/58 | €265 | €40,778 | +€40,513 | +15,290% |
| Deferred charges and accrued income | 490/1 | €1,376 | €1,416 | +€40 | +2.9% |
| Total equity and liabilities | 10/49 | €33,880 | €81,223 | +€47,343 | +140% |
| Equity | 10/15 | €11,091 | €20,455 | +€9,364 | +84.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,591 | €18,955 | +€9,364 | +97.6% |
| Amounts payable | 17/49 | €22,789 | €60,768 | +€37,979 | +167% |
| Amounts payable within one year | 42/48 | €20,764 | €60,768 | +€40,004 | +193% |
| Trade debts | 44 | €137 | €48,162 | +€48,025 | +35,111% |
| Suppliers | 440/4 | €137 | €48,162 | +€48,025 | +35,111% |
| Taxes, remuneration and social security | 45 | €5,168 | €9,622 | +€4,454 | +86.2% |
| Taxes | 450/3 | €5,168 | €9,622 | +€4,454 | +86.2% |
| Other amounts payable | 47/48 | €15,459 | €2,984 | -€12,475 | -80.7% |
| Accrued charges and deferred income | 492/3 | €2,025 | €0 | -€2,025 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,510 | €7,094 | -€3,416 | -32.5% |
| Other operating charges | 640/8 | €1,559 | €855 | -€703 | -45.1% |
| Gross operating margin | 9900 | €29,844 | €21,782 | -€8,062 | -27.0% |
| Operating profit (loss) | 9901 | €17,775 | €13,833 | -€3,942 | -22.2% |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €3,016 | €48 | -€2,968 | -98.4% |
| Recurring financial charges | 65 | €3,016 | €48 | -€2,968 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | €14,759 | €13,832 | -€927 | -6.3% |
| Income taxes | 67/77 | €5,168 | €4,469 | -€699 | -13.5% |
| Profit (loss) for the period | 9904 | €9,591 | €9,364 | -€227 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,591 | €9,364 | -€227 | -2.4% |
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 27 October 2026 via checked.be.