QP-CARE: 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.
QP-CARE
Largest movements
- Cash +€26,995
up €26,995 (+136%), from €19,787 to €46,782
mainly Net result for the year (+€46,311) and Depreciation (+€19,802)
- Receivables within one year +€17,227
up €17,227 (+75.1%), from €22,949 to €40,177
of which Trade receivables: +€15,721
- Current investments -€13,665
down €13,665 (-30.4%), from €45,000 to €31,335
- Tangible fixed assets +€4,041
up €4,041 (+5.3%), from €75,749 to €79,790
of which Other tangible fixed assets: +€9,807
- Reserves +€46,311
up €46,311 (+106%), from €43,889 to €90,199
- Tax, wage and social debts -€8,086
down €8,086 (-63.1%), from €12,809 to €4,722
of which Taxes: -€9,008
- Trade debts -€5,297
down €5,297 (-75.5%), from €7,017 to €1,719
- Gross operating margin -€20,241
down €20,241 (-17.3%), from €116,937 to €96,696
- Staff costs +€8,217
up €8,217 (+72.0%), from €11,417 to €19,633
- Depreciation -€2,800
down €2,800 (-12.4%), from €22,602 to €19,802
- Financial income +€2,169
up €2,169 (+5,195%), from €42 to €2,210
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 | €167,184 | €201,808 | +€34,623 | +20.7% |
| Fixed assets | 21/28 | €75,749 | €79,790 | +€4,041 | +5.3% |
| Tangible fixed assets | 22/27 | €75,749 | €79,790 | +€4,041 | +5.3% |
| Furniture and vehicles | 24 | €17,596 | €11,830 | -€5,766 | -32.8% |
| Other tangible fixed assets | 26 | €58,153 | €67,960 | +€9,807 | +16.9% |
| Current assets | 29/58 | €91,435 | €122,018 | +€30,582 | +33.4% |
| Amounts receivable within one year | 40/41 | €22,949 | €40,177 | +€17,227 | +75.1% |
| Trade receivables | 40 | €21,058 | €36,778 | +€15,721 | +74.7% |
| Other amounts receivable | 41 | €1,892 | €3,398 | +€1,507 | +79.6% |
| Current investments | 50/53 | €45,000 | €31,335 | -€13,665 | -30.4% |
| Cash at bank and in hand | 54/58 | €19,787 | €46,782 | +€26,995 | +136% |
| Deferred charges and accrued income | 490/1 | €3,699 | €3,724 | +€25 | +0.7% |
| Total equity and liabilities | 10/49 | €167,184 | €201,808 | +€34,623 | +20.7% |
| Equity | 10/15 | €145,889 | €192,199 | +€46,311 | +31.7% |
| Contributions | 10/11 | €102,000 | €102,000 | = | 0.0% |
| Contributions outside capital | 11 | €102,000 | €102,000 | = | 0.0% |
| Other | 1109/19 | €102,000 | €102,000 | = | 0.0% |
| Reserves | 13 | €43,889 | €90,199 | +€46,311 | +106% |
| Distributable reserves | 133 | €43,889 | €90,199 | +€46,311 | +106% |
| Amounts payable | 17/49 | €21,295 | €9,608 | -€11,687 | -54.9% |
| Amounts payable within one year | 42/48 | €19,825 | €7,780 | -€12,045 | -60.8% |
| Trade debts | 44 | €7,017 | €1,719 | -€5,297 | -75.5% |
| Suppliers | 440/4 | €7,017 | €1,719 | -€5,297 | -75.5% |
| Taxes, remuneration and social security | 45 | €12,809 | €4,722 | -€8,086 | -63.1% |
| Taxes | 450/3 | €11,278 | €2,269 | -€9,008 | -79.9% |
| Remuneration and social security | 454/9 | €1,531 | €2,453 | +€922 | +60.2% |
| Other amounts payable | 47/48 | - | €1,339 | +€1,339 | |
| Accrued charges and deferred income | 492/3 | €1,470 | €1,828 | +€358 | +24.3% |
| Remuneration, social security and pensions | 62 | €11,417 | €19,633 | +€8,217 | +72.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,602 | €19,802 | -€2,800 | -12.4% |
| Other operating charges | 640/8 | €883 | €786 | -€97 | -11.0% |
| Gross operating margin | 9900 | €116,937 | €96,696 | -€20,241 | -17.3% |
| Operating profit (loss) | 9901 | €82,036 | €56,476 | -€25,560 | -31.2% |
| Financial income | 75/76B | €42 | €2,210 | +€2,169 | +5,195% |
| Recurring financial income | 75 | €42 | €2,210 | +€2,169 | +5,195% |
| Financial charges | 65/66B | €143 | €214 | +€71 | +49.6% |
| Recurring financial charges | 65 | €143 | €214 | +€71 | +49.6% |
| Profit (loss) for the period before taxes | 9903 | €81,935 | €58,472 | -€23,463 | -28.6% |
| Income taxes | 67/77 | €11,672 | €12,161 | +€489 | +4.2% |
| Profit (loss) for the period | 9904 | €70,262 | €46,311 | -€23,952 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,262 | €46,311 | -€23,952 | -34.1% |
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 29 October 2026 via checked.be.