QOCS: 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.
QOCS
Largest movements
- Current investments +€29,500
up €29,500 (+92.3%), from €31,976 to €61,476
- Receivables within one year -€15,093
down €15,093 (-75.4%), from €20,026 to €4,933
of which Trade receivables: -€19,725
- Tangible fixed assets -€7,729
down €7,729 (-45.7%), from €16,920 to €9,191
of which Furniture and vehicles: -€7,104
- Cash -€2,597
down €2,597 (-83.9%), from €3,095 to €498
mainly Current investments (-€29,500) and Other debts (-€9,619)
- Profit (loss) carried forward +€19,427
no longer reported in 2025 (was -€19,427)
- Other debts -€9,619
no longer reported in 2025 (was €9,619)
- Debts after one year -€5,361
down €5,361 (-92.3%), from €5,811 to €450
- Reserves +€2,733
new in 2025: €2,733
- Short-term financial debts -€2,560
no longer reported in 2025 (was €2,560)
- Gross operating margin +€47,752
up €47,752, from -€19,866 to €27,886
- Financial income +€2,593
up €2,593 (+713.0%), from €364 to €2,956
- Depreciation -€952
down €952 (-11.0%), from €8,681 to €7,729
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 | €73,939 | €77,408 | +€3,469 | +4.7% |
| Fixed assets | 21/28 | €17,070 | €9,341 | -€7,729 | -45.3% |
| Tangible fixed assets | 22/27 | €16,920 | €9,191 | -€7,729 | -45.7% |
| Furniture and vehicles | 24 | €13,256 | €6,152 | -€7,104 | -53.6% |
| Other tangible fixed assets | 26 | €3,664 | €3,039 | -€625 | -17.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €56,869 | €68,067 | +€11,197 | +19.7% |
| Amounts receivable within one year | 40/41 | €20,026 | €4,933 | -€15,093 | -75.4% |
| Trade receivables | 40 | €20,026 | €301 | -€19,725 | -98.5% |
| Other amounts receivable | 41 | - | €4,632 | +€4,632 | |
| Current investments | 50/53 | €31,976 | €61,476 | +€29,500 | +92.3% |
| Cash at bank and in hand | 54/58 | €3,095 | €498 | -€2,597 | -83.9% |
| Deferred charges and accrued income | 490/1 | €1,772 | €1,159 | -€613 | -34.6% |
| Total equity and liabilities | 10/49 | €73,939 | €77,408 | +€3,469 | +4.7% |
| Equity | 10/15 | €46,573 | €68,733 | +€22,160 | +47.6% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | - | €2,733 | +€2,733 | |
| Distributable reserves | 133 | - | €2,733 | +€2,733 | |
| Profit (loss) carried forward | 14 | -€19,427 | - | +€19,427 | |
| Amounts payable | 17/49 | €27,366 | €8,675 | -€18,691 | -68.3% |
| Amounts payable after more than one year | 17 | €5,811 | €450 | -€5,361 | -92.3% |
| Financial debts | 170/4 | €5,811 | €450 | -€5,361 | -92.3% |
| Amounts payable within one year | 42/48 | €21,490 | €8,158 | -€13,332 | -62.0% |
| Current portion of amounts payable after more than one year | 42 | €5,291 | €5,361 | +€70 | +1.3% |
| Financial debts | 43 | €2,560 | - | -€2,560 | |
| Credit institutions | 430/8 | €2,560 | - | -€2,560 | |
| Trade debts | 44 | €3,006 | €1,550 | -€1,456 | -48.4% |
| Suppliers | 440/4 | €3,006 | €1,550 | -€1,456 | -48.4% |
| Taxes, remuneration and social security | 45 | €1,014 | €1,247 | +€233 | +23.0% |
| Taxes | 450/3 | €1,014 | €1,247 | +€233 | +23.0% |
| Other amounts payable | 47/48 | €9,619 | - | -€9,619 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Remuneration, social security and pensions | 62 | €66 | - | -€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,681 | €7,729 | -€952 | -11.0% |
| Other operating charges | 640/8 | €793 | €635 | -€158 | -19.9% |
| Gross operating margin | 9900 | -€19,866 | €27,886 | +€47,752 | |
| Operating profit (loss) | 9901 | -€29,406 | €19,523 | +€48,928 | |
| Financial income | 75/76B | €364 | €2,956 | +€2,593 | +713.0% |
| Recurring financial income | 75 | €364 | €2,956 | +€2,593 | +713.0% |
| Financial charges | 65/66B | €240 | €169 | -€71 | -29.7% |
| Recurring financial charges | 65 | €240 | €169 | -€71 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | -€29,282 | €22,310 | +€51,592 | |
| Income taxes | 67/77 | €145 | €150 | +€5 | +3.7% |
| Profit (loss) for the period | 9904 | -€29,427 | €22,160 | +€51,587 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,427 | €22,160 | +€51,587 |
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 4 October 2026 via checked.be.