QJ Assets: what changed
Two fiscal 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.
QJ Assets
Largest movements
- Tangible fixed assets +€1.9m
new in 2025: €1.9m
of which Land and buildings: +€1.9m
- Debts after one year +€1.2m
up €1.2m (+895.4%), from €131,445 to €1.3m
of which Financial debts: +€1.2m
- Trade debts +€479,261
up €479,261 (+35604.5%), from €1,346 to €480,607
- Other debts +€270,616
up €270,616 (+29538.4%), from €916 to €271,533
- Current portion of long-term debt +€60,519
new in 2025: €60,519
- Profit (loss) carried forward -€48,923
down €48,923 (-26.8%), from -€182,791 to -€231,714
- Gross operating margin -€27,538
down €27,538 (-2388.5%), from -€1,153 to -€28,691
- Depreciation +€11,465
new in 2025: €11,465
- Other operating charges +€5,136
up €5,136 (+1016.4%), from €505 to €5,642
- Financial charges +€2,886
up €2,886 (+1202.4%), from €240 to €3,126
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 | €0 | €1,938,454 | +€1.9m | |
| Fixed assets | 21/28 | - | €1,932,830 | +€1.9m | |
| Tangible fixed assets | 22/27 | - | €1,932,830 | +€1.9m | |
| Land and buildings | 22 | - | €1,872,319 | +€1.9m | |
| Furniture and vehicles | 24 | - | €60,511 | +€60,511 | |
| Current assets | 29/58 | €0 | €5,625 | +€5,625 | |
| Amounts receivable within one year | 40/41 | - | €4,189 | +€4,189 | |
| Other amounts receivable | 41 | - | €4,189 | +€4,189 | |
| Cash at bank and in hand | 54/58 | €0 | €165 | +€165 | |
| Deferred charges and accrued income | 490/1 | - | €1,270 | +€1,270 | |
| Total equity and liabilities | 10/49 | €0 | €1,938,454 | +€1.9m | |
| Equity | 10/15 | -€133,707 | -€182,630 | -€48,923 | -36.6% |
| Contributions | 10/11 | €44,621 | €44,621 | = | 0.0% |
| Reserves | 13 | €4,463 | €4,463 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,463 | €4,463 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,463 | €4,463 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€182,791 | -€231,714 | -€48,923 | -26.8% |
| Amounts payable | 17/49 | €133,707 | €2,121,085 | +€2.0m | +1486.4% |
| Amounts payable after more than one year | 17 | €131,445 | €1,308,426 | +€1.2m | +895.4% |
| Financial debts | 170/4 | - | €1,176,981 | +€1.2m | |
| Other amounts payable | 178/9 | €131,445 | €131,445 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,262 | €812,659 | +€810,397 | +35823.1% |
| Current portion of amounts payable after more than one year | 42 | - | €60,519 | +€60,519 | |
| Trade debts | 44 | €1,346 | €480,607 | +€479,261 | +35604.5% |
| Suppliers | 440/4 | €1,346 | €480,607 | +€479,261 | +35604.5% |
| Other amounts payable | 47/48 | €916 | €271,533 | +€270,616 | +29538.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,465 | +€11,465 | |
| Other operating charges | 640/8 | €505 | €5,642 | +€5,136 | +1016.4% |
| Gross operating margin | 9900 | -€1,153 | -€28,691 | -€27,538 | -2388.5% |
| Operating profit (loss) | 9901 | -€1,658 | -€45,797 | -€44,139 | -2661.7% |
| Financial charges | 65/66B | €240 | €3,126 | +€2,886 | +1202.4% |
| Recurring financial charges | 65 | €240 | €3,126 | +€2,886 | +1202.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,898 | -€48,923 | -€47,025 | -2477.2% |
| Profit (loss) for the period | 9904 | -€1,898 | -€48,923 | -€47,025 | -2477.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,898 | -€48,923 | -€47,025 | -2477.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.