QM DEVELOPMENTS: what changed
What changed
QM DEVELOPMENTS
NACE 95.314, Bodywork repair (including spraying and painting)
filed annual accounts (NBB)
Net result for the year
-€20,925
2024 · -€27,026+€6,100
Equity
€417,119
2024 · €458,044-€40,925
Cash
€172,668
2024 · €189,602-€16,935
Balance sheet total
€450,850
2024 · €489,155-€38,305
Largest movements
Assets
- Tangible fixed assets -€22,779
down €22,779 (-12.0%), from €189,750 to €166,971
- Cash -€16,935
down €16,935 (-8.9%), from €189,602 to €172,668
mainly Net result for the year (-€20,925) and Contributions, distributions and other (-€20,000)
Equity and liabilities
- Profit (loss) carried forward -€20,925
down €20,925 (-77.4%), from -€27,026 to -€47,951
- Reserves -€20,000
down €20,000 (-4.2%), from €478,870 to €458,870
- Current portion of long-term debt -€12,084
down €12,084 (-91.6%), from €13,196 to €1,112
- Trade debts +€8,259
up €8,259 (+99.8%), from €8,273 to €16,532
- Tax, wage and social debts +€6,653
up €6,653 (+86.8%), from €7,663 to €14,316
of which Remuneration and social security: +€6,991
Income statement
- Gross operating margin +€15,109
up €15,109 (+26.4%), from €57,264 to €72,373
- Staff costs +€6,406
up €6,406 (+11.0%), from €58,187 to €64,594
- Depreciation +€2,352
up €2,352 (+9.0%), from €26,062 to €28,415
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€27,026
Gross operating margin
+€15,109
Staff costs
-€6,406
Depreciation
-€2,352
Other operating charges
-€186
Financial income
-€229
Financial charges
+€165
Result 2025
-€20,925
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€20,786
Investment
-€5,636
Financing
-€32,085
Cash 2024
€189,602
From operations (derived)
+€20,786
Net result for the year
-€20,925
Depreciation
+€28,415
Stocks and contracts
-€2,427
Receivables within one year
-€3
Deferred charges and accrued income
+€1,021
Trade debts
+€8,259
Tax, wage and social debts
+€6,653
Accrued charges and deferred income
-€206
Investment (derived)
-€5,636
Investment in fixed assets (net)
-€5,636
Financing
-€32,085
Debts after one year
-€1,112
Current portion of long-term debt
-€12,084
Short-term financial debts
+€1,111
Contributions, distributions and other
-€20,000
Cash 2025
€172,668
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €489,155 | €450,850 | -€38,305 | -7.8% |
| Fixed assets | 21/28 | €189,810 | €167,031 | -€22,779 | -12.0% |
| Tangible fixed assets | 22/27 | €189,750 | €166,971 | -€22,779 | -12.0% |
| Land and buildings | 22 | €126,979 | €116,992 | -€9,987 | -7.9% |
| Plant, machinery and equipment | 23 | €11,788 | €9,840 | -€1,948 | -16.5% |
| Furniture and vehicles | 24 | €50,983 | €40,139 | -€10,844 | -21.3% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €299,345 | €283,819 | -€15,526 | -5.2% |
| Stocks and contracts in progress | 3 | €47,939 | €50,366 | +€2,427 | +5.1% |
| Stocks | 30/36 | €47,939 | €50,366 | +€2,427 | +5.1% |
| Amounts receivable within one year | 40/41 | €60,783 | €60,786 | +€3 | 0.0% |
| Trade receivables | 40 | €24,908 | €42,706 | +€17,797 | +71.5% |
| Other amounts receivable | 41 | €35,874 | €18,080 | -€17,794 | -49.6% |
| Cash at bank and in hand | 54/58 | €189,602 | €172,668 | -€16,935 | -8.9% |
| Deferred charges and accrued income | 490/1 | €1,021 | €0 | -€1,021 | -100% |
| Total equity and liabilities | 10/49 | €489,155 | €450,850 | -€38,305 | -7.8% |
| Equity | 10/15 | €458,044 | €417,119 | -€40,925 | -8.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €478,870 | €458,870 | -€20,000 | -4.2% |
| Distributable reserves | 133 | €478,870 | €458,870 | -€20,000 | -4.2% |
| Profit (loss) carried forward | 14 | -€27,026 | -€47,951 | -€20,925 | -77.4% |
| Amounts payable | 17/49 | €31,110 | €33,731 | +€2,621 | +8.4% |
| Amounts payable after more than one year | 17 | €1,112 | €0 | -€1,112 | -100% |
| Financial debts | 170/4 | €1,112 | €0 | -€1,112 | -100% |
| Amounts payable within one year | 42/48 | €29,132 | €33,071 | +€3,939 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €13,196 | €1,112 | -€12,084 | -91.6% |
| Financial debts | 43 | - | €1,111 | +€1,111 | |
| Credit institutions | 430/8 | - | €1,111 | +€1,111 | |
| Trade debts | 44 | €8,273 | €16,532 | +€8,259 | +99.8% |
| Suppliers | 440/4 | €8,273 | €16,532 | +€8,259 | +99.8% |
| Taxes, remuneration and social security | 45 | €7,663 | €14,316 | +€6,653 | +86.8% |
| Taxes | 450/3 | €4,683 | €4,346 | -€338 | -7.2% |
| Remuneration and social security | 454/9 | €2,979 | €9,970 | +€6,991 | +235% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €866 | €660 | -€206 | -23.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €58,187 | €64,594 | +€6,406 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,062 | €28,415 | +€2,352 | +9.0% |
| Other operating charges | 640/8 | €453 | €639 | +€186 | +41.0% |
| Gross operating margin | 9900 | €57,264 | €72,373 | +€15,109 | +26.4% |
| Operating profit (loss) | 9901 | -€27,439 | -€21,275 | +€6,164 | +22.5% |
| Financial income | 75/76B | €1,181 | €952 | -€229 | -19.4% |
| Recurring financial income | 75 | €1,181 | €952 | -€229 | -19.4% |
| Financial charges | 65/66B | €768 | €603 | -€165 | -21.5% |
| Recurring financial charges | 65 | €768 | €603 | -€165 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,026 | -€20,925 | +€6,100 | +22.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€27,026 | -€20,925 | +€6,100 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,026 | -€20,925 | +€6,100 | +22.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.