QM Consultancy: 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.
QM Consultancy
Largest movements
- Cash +€17,403
up €17,403 (+15.3%), from €113,430 to €130,833
mainly Net result for the year (+€57,277) and Other debts (+€16,821)
- Receivables within one year -€2,050
down €2,050 (-5.9%), from €34,486 to €32,435
of which Trade receivables: -€2,867
- Other debts +€16,821
up €16,821 (+40.9%), from €41,115 to €57,935
- Gross operating margin +€20,837
up €20,837 (+40.7%), from €51,246 to €72,083
- Taxes +€3,808
up €3,808 (+35.8%), from €10,631 to €14,440
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 | €147,916 | €163,269 | +€15,353 | +10.4% |
| Current assets | 29/58 | €147,916 | €163,269 | +€15,353 | +10.4% |
| Amounts receivable within one year | 40/41 | €34,486 | €32,435 | -€2,050 | -5.9% |
| Trade receivables | 40 | €29,117 | €26,250 | -€2,867 | -9.8% |
| Other amounts receivable | 41 | €5,369 | €6,185 | +€817 | +15.2% |
| Cash at bank and in hand | 54/58 | €113,430 | €130,833 | +€17,403 | +15.3% |
| Total equity and liabilities | 10/49 | €147,916 | €163,269 | +€15,353 | +10.4% |
| Equity | 10/15 | €101,036 | €101,036 | = | 0.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €95,036 | €95,036 | = | 0.0% |
| Distributable reserves | 133 | €95,036 | €95,036 | = | 0.0% |
| Amounts payable | 17/49 | €46,880 | €62,233 | +€15,353 | +32.7% |
| Amounts payable within one year | 42/48 | €46,880 | €62,233 | +€15,353 | +32.7% |
| Trade debts | 44 | €1,696 | €1,553 | -€143 | -8.4% |
| Suppliers | 440/4 | €1,696 | €1,553 | -€143 | -8.4% |
| Taxes, remuneration and social security | 45 | €4,070 | €2,745 | -€1,325 | -32.6% |
| Taxes | 450/3 | €4,070 | €2,745 | -€1,325 | -32.6% |
| Other amounts payable | 47/48 | €41,115 | €57,935 | +€16,821 | +40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €491 | - | -€491 | |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €51,246 | €72,083 | +€20,837 | +40.7% |
| Operating profit (loss) | 9901 | €50,691 | €72,017 | +€21,326 | +42.1% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €262 | €300 | +€38 | +14.3% |
| Recurring financial charges | 65 | €262 | €300 | +€38 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €50,434 | €71,717 | +€21,283 | +42.2% |
| Income taxes | 67/77 | €10,631 | €14,440 | +€3,808 | +35.8% |
| Profit (loss) for the period | 9904 | €39,803 | €57,277 | +€17,474 | +43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,803 | €57,277 | +€17,474 | +43.9% |
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 14 October 2026 via checked.be.