QNO Consulting: 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.
QNO Consulting
Largest movements
- Cash +€45,503
up €45,503 (+113%), from €40,175 to €85,678
mainly Net result for the year (+€41,916) and Tax, wage and social debts (+€12,399)
- Tangible fixed assets -€10,898
down €10,898 (-47.6%), from €22,871 to €11,973
- Reserves +€41,057
up €41,057 (+109%), from €37,571 to €78,628
- Other debts -€15,273
down €15,273 (-86.1%), from €17,733 to €2,460
- Tax, wage and social debts +€12,399
up €12,399 (+70.7%), from €17,531 to €29,930
- Current portion of long-term debt -€3,240
no longer reported in 2025 (was €3,240)
- Gross operating margin +€4,276
up €4,276 (+6.9%), from €61,646 to €65,922
- Depreciation +€1,158
up €1,158 (+11.5%), from €10,090 to €11,248
- Taxes +€1,050
up €1,050 (+8.8%), from €11,895 to €12,944
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 | €76,703 | €111,884 | +€35,181 | +45.9% |
| Fixed assets | 21/28 | €23,882 | €12,409 | -€11,473 | -48.0% |
| Intangible fixed assets | 21 | €786 | €436 | -€350 | -44.5% |
| Tangible fixed assets | 22/27 | €22,871 | €11,973 | -€10,898 | -47.6% |
| Furniture and vehicles | 24 | €22,871 | €11,973 | -€10,898 | -47.6% |
| Financial fixed assets | 28 | €225 | - | -€225 | |
| Current assets | 29/58 | €52,821 | €99,475 | +€46,654 | +88.3% |
| Amounts receivable within one year | 40/41 | €11,746 | €11,922 | +€176 | +1.5% |
| Trade receivables | 40 | €11,746 | €11,922 | +€176 | +1.5% |
| Cash at bank and in hand | 54/58 | €40,175 | €85,678 | +€45,503 | +113% |
| Deferred charges and accrued income | 490/1 | €900 | €1,875 | +€975 | +108% |
| Total equity and liabilities | 10/49 | €76,703 | €111,884 | +€35,181 | +45.9% |
| Equity | 10/15 | €38,071 | €79,128 | +€41,057 | +108% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €37,571 | €78,628 | +€41,057 | +109% |
| Distributable reserves | 133 | €37,571 | €78,628 | +€41,057 | +109% |
| Amounts payable | 17/49 | €38,632 | €32,756 | -€5,876 | -15.2% |
| Amounts payable within one year | 42/48 | €38,604 | €32,711 | -€5,893 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €3,240 | - | -€3,240 | |
| Trade debts | 44 | €100 | €321 | +€221 | +222% |
| Suppliers | 440/4 | €100 | €321 | +€221 | +222% |
| Taxes, remuneration and social security | 45 | €17,531 | €29,930 | +€12,399 | +70.7% |
| Taxes | 450/3 | €17,531 | €29,930 | +€12,399 | +70.7% |
| Other amounts payable | 47/48 | €17,733 | €2,460 | -€15,273 | -86.1% |
| Accrued charges and deferred income | 492/3 | €28 | €46 | +€17 | +60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,090 | €11,248 | +€1,158 | +11.5% |
| Other operating charges | 640/8 | €744 | €280 | -€465 | -62.4% |
| Gross operating margin | 9900 | €61,646 | €65,922 | +€4,276 | +6.9% |
| Operating profit (loss) | 9901 | €50,812 | €54,395 | +€3,583 | +7.1% |
| Financial income | 75/76B | €180 | €554 | +€373 | +207% |
| Recurring financial income | 75 | €180 | €554 | +€373 | +207% |
| Financial charges | 65/66B | €727 | €88 | -€639 | -87.9% |
| Recurring financial charges | 65 | €727 | €88 | -€639 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | €50,265 | €54,860 | +€4,595 | +9.1% |
| Income taxes | 67/77 | €11,895 | €12,944 | +€1,050 | +8.8% |
| Profit (loss) for the period | 9904 | €38,371 | €41,916 | +€3,545 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,371 | €41,916 | +€3,545 | +9.2% |
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.