QJH: 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.
QJH
Largest movements
- Receivables within one year +€7,034
up €7,034 (+1509.4%), from €466 to €7,500
of which Trade receivables: +€7,500
- Cash +€5,452
new in 2025: €5,452
mainly Net result for the year (+€43,183) and Tax, wage and social debts (+€6,533)
- Reserves +€34,138
new in 2025: €34,138
- Debts after one year -€33,571
down €33,571 (-8.9%), from €375,238 to €341,667
- Profit (loss) carried forward +€9,045
up €9,045, from -€9,045 to €0
- Tax, wage and social debts +€6,533
new in 2025: €6,533
- Current portion of long-term debt -€4,466
down €4,466 (-8.4%), from €53,037 to €48,571
- Gross operating margin +€74,769
up €74,769, from -€2,219 to €72,550
- Taxes +€11,813
new in 2025: €11,813
- Financial charges +€10,091
up €10,091 (+151.2%), from €6,676 to €16,766
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 | €425,505 | €437,991 | +€12,486 | +2.9% |
| Fixed assets | 21/28 | €425,000 | €425,000 | = | 0.0% |
| Financial fixed assets | 28 | €425,000 | €425,000 | = | 0.0% |
| Current assets | 29/58 | €505 | €12,991 | +€12,486 | +2474.6% |
| Amounts receivable within one year | 40/41 | €466 | €7,500 | +€7,034 | +1509.4% |
| Trade receivables | 40 | - | €7,500 | +€7,500 | |
| Other amounts receivable | 41 | €466 | €0 | -€466 | -100.0% |
| Cash at bank and in hand | 54/58 | - | €5,452 | +€5,452 | |
| Deferred charges and accrued income | 490/1 | €39 | €39 | = | 0.0% |
| Total equity and liabilities | 10/49 | €425,505 | €437,991 | +€12,486 | +2.9% |
| Equity | 10/15 | -€4,045 | €39,138 | +€43,183 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €34,138 | +€34,138 | |
| Distributable reserves | 133 | - | €34,138 | +€34,138 | |
| Profit (loss) carried forward | 14 | -€9,045 | €0 | +€9,045 | |
| Amounts payable | 17/49 | €429,549 | €398,852 | -€30,697 | -7.1% |
| Amounts payable after more than one year | 17 | €375,238 | €341,667 | -€33,571 | -8.9% |
| Financial debts | 170/4 | €375,238 | €341,667 | -€33,571 | -8.9% |
| Amounts payable within one year | 42/48 | €53,037 | €55,911 | +€2,874 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €53,037 | €48,571 | -€4,466 | -8.4% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | - | €6,533 | +€6,533 | |
| Taxes | 450/3 | - | €6,533 | +€6,533 | |
| Other amounts payable | 47/48 | - | €408 | +€408 | |
| Accrued charges and deferred income | 492/3 | €1,274 | €1,274 | = | 0.0% |
| Other operating charges | 640/8 | €150 | €787 | +€637 | +424.7% |
| Gross operating margin | 9900 | -€2,219 | €72,550 | +€74,769 | |
| Operating profit (loss) | 9901 | -€2,369 | €71,763 | +€74,132 | |
| Financial charges | 65/66B | €6,676 | €16,766 | +€10,091 | +151.2% |
| Recurring financial charges | 65 | €6,676 | €16,766 | +€10,091 | +151.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,045 | €54,996 | +€64,041 | |
| Income taxes | 67/77 | - | €11,813 | +€11,813 | |
| Profit (loss) for the period | 9904 | -€9,045 | €43,183 | +€52,228 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,045 | €43,183 | +€52,228 |
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.