QOPPA RD: 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.
QOPPA RD
Largest movements
- Tangible fixed assets +€55,244
up €55,244 (+184%), from €30,078 to €85,323
of which Furniture and vehicles: +€56,579
- Cash +€20,727
up €20,727 (+153%), from €13,510 to €34,237
mainly Net result for the year (+€36,754) and Other debts (+€36,596)
- Other debts +€36,596
up €36,596 (+6,535%), from €560 to €37,156
- Debts after one year +€22,752
new in 2025: €22,752
- Current portion of long-term debt +€11,321
up €11,321, from €0 to €11,321
- Tax, wage and social debts +€1,893
up €1,893 (+23.3%), from €8,128 to €10,021
- Trade debts +€1,891
up €1,891 (+226%), from €839 to €2,730
- Gross operating margin +€20,206
up €20,206 (+63.9%), from €31,597 to €51,803
- Depreciation -€2,217
down €2,217 (-31.4%), from €7,057 to €4,840
- Taxes +€698
up €698 (+9.6%), from €7,242 to €7,941
- Other operating charges +€622
up €622 (+44.8%), from €1,387 to €2,008
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 | €51,829 | €126,449 | +€74,620 | +144% |
| Fixed assets | 21/28 | €30,078 | €85,323 | +€55,244 | +184% |
| Tangible fixed assets | 22/27 | €30,078 | €85,323 | +€55,244 | +184% |
| Plant, machinery and equipment | 23 | €11,176 | €10,218 | -€959 | -8.6% |
| Furniture and vehicles | 24 | €17,663 | €74,241 | +€56,579 | +320% |
| Other tangible fixed assets | 26 | €1,239 | €864 | -€376 | -30.3% |
| Current assets | 29/58 | €21,751 | €41,126 | +€19,376 | +89.1% |
| Amounts receivable within one year | 40/41 | €6,089 | €5,081 | -€1,008 | -16.5% |
| Trade receivables | 40 | €2,629 | €2,824 | +€195 | +7.4% |
| Other amounts receivable | 41 | €3,460 | €2,258 | -€1,202 | -34.7% |
| Cash at bank and in hand | 54/58 | €13,510 | €34,237 | +€20,727 | +153% |
| Deferred charges and accrued income | 490/1 | €2,152 | €1,808 | -€344 | -16.0% |
| Total equity and liabilities | 10/49 | €51,829 | €126,449 | +€74,620 | +144% |
| Equity | 10/15 | €42,302 | €42,244 | -€58 | -0.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €39,802 | €39,744 | -€58 | -0.1% |
| Distributable reserves | 133 | €39,802 | €39,744 | -€58 | -0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,527 | €84,205 | +€74,679 | +784% |
| Amounts payable after more than one year | 17 | - | €22,752 | +€22,752 | |
| Financial debts | 170/4 | - | €22,752 | +€22,752 | |
| Amounts payable within one year | 42/48 | €9,527 | €61,229 | +€51,702 | +543% |
| Current portion of amounts payable after more than one year | 42 | €0 | €11,321 | +€11,321 | |
| Trade debts | 44 | €839 | €2,730 | +€1,891 | +226% |
| Suppliers | 440/4 | €839 | €2,730 | +€1,891 | +226% |
| Taxes, remuneration and social security | 45 | €8,128 | €10,021 | +€1,893 | +23.3% |
| Taxes | 450/3 | €8,128 | €10,021 | +€1,893 | +23.3% |
| Other amounts payable | 47/48 | €560 | €37,156 | +€36,596 | +6,535% |
| Accrued charges and deferred income | 492/3 | - | €225 | +€225 | |
| Non-recurring operating income | 76A | €11,694 | €33,892 | +€22,198 | +190% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,057 | €4,840 | -€2,217 | -31.4% |
| Other operating charges | 640/8 | €1,387 | €2,008 | +€622 | +44.8% |
| Non-recurring operating charges | 66A | €525 | €0 | -€525 | -100% |
| Gross operating margin | 9900 | €31,597 | €51,803 | +€20,206 | +63.9% |
| Operating profit (loss) | 9901 | €22,628 | €44,954 | +€22,327 | +98.7% |
| Financial income | 75/76B | €0 | €7 | +€7 | |
| Recurring financial income | 75 | €0 | €7 | +€7 | |
| Financial charges | 65/66B | €137 | €266 | +€129 | +94.6% |
| Recurring financial charges | 65 | €137 | €266 | +€129 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | €22,491 | €44,695 | +€22,204 | +98.7% |
| Income taxes | 67/77 | €7,242 | €7,941 | +€698 | +9.6% |
| Profit (loss) for the period | 9904 | €15,249 | €36,754 | +€21,506 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €15,249 | €36,754 | +€21,506 | +141% |
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.