QOR GROUP: 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.
QOR GROUP
Largest movements
- Tangible fixed assets -€761
down €761 (-22.0%), from €3,469 to €2,707
of which Other tangible fixed assets: -€404
- Receivables within one year -€426
down €426 (-50.5%), from €844 to €418
of which Other amounts receivable: -€426
- Profit (loss) carried forward -€2,007
down €2,007 (-20.1%), from -€9,999 to -€12,006
- Other debts +€825
up €825 (+204.7%), from €403 to €1,228
- Gross operating margin +€631
up €631 (+36.6%), from -€1,723 to -€1,092
- Depreciation -€462
down €462 (-37.7%), from €1,223 to €761
- Financial charges -€40
down €40 (-20.5%), from €193 to €153
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 | €4,326 | €3,150 | -€1,175 | -27.2% |
| Fixed assets | 21/28 | €3,469 | €2,707 | -€761 | -22.0% |
| Tangible fixed assets | 22/27 | €3,469 | €2,707 | -€761 | -22.0% |
| Furniture and vehicles | 24 | €1,094 | €737 | -€357 | -32.7% |
| Other tangible fixed assets | 26 | €2,374 | €1,970 | -€404 | -17.0% |
| Current assets | 29/58 | €857 | €443 | -€414 | -48.3% |
| Amounts receivable within one year | 40/41 | €844 | €418 | -€426 | -50.5% |
| Trade receivables | 40 | €190 | €190 | = | 0.0% |
| Other amounts receivable | 41 | €654 | €228 | -€426 | -65.1% |
| Cash at bank and in hand | 54/58 | €13 | €26 | +€12 | +90.1% |
| Total equity and liabilities | 10/49 | €4,326 | €3,150 | -€1,175 | -27.2% |
| Equity | 10/15 | €3,923 | €1,916 | -€2,007 | -51.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,522 | €1,522 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,522 | €1,522 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,522 | €1,522 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,999 | -€12,006 | -€2,007 | -20.1% |
| Amounts payable | 17/49 | €403 | €1,234 | +€831 | +206.3% |
| Amounts payable within one year | 42/48 | €403 | €1,234 | +€831 | +206.3% |
| Trade debts | 44 | - | €6 | +€6 | |
| Suppliers | 440/4 | - | €6 | +€6 | |
| Other amounts payable | 47/48 | €403 | €1,228 | +€825 | +204.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,223 | €761 | -€462 | -37.7% |
| Gross operating margin | 9900 | -€1,723 | -€1,092 | +€631 | +36.6% |
| Operating profit (loss) | 9901 | -€2,946 | -€1,853 | +€1,093 | +37.1% |
| Financial charges | 65/66B | €193 | €153 | -€40 | -20.5% |
| Recurring financial charges | 65 | €193 | €153 | -€40 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,139 | -€2,007 | +€1,132 | +36.1% |
| Profit (loss) for the period | 9904 | -€3,139 | -€2,007 | +€1,132 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,139 | -€2,007 | +€1,132 | +36.1% |
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 9 October 2026 via checked.be.