QP CONSULT: 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 CONSULT
Largest movements
- Cash +€98,369
up €98,369 (+95.3%), from €103,268 to €201,637
mainly Net result for the year (+€111,318) and Current investments (+€63,000)
- Current investments -€63,000
down €63,000 (-41.7%), from €151,000 to €88,000
- Receivables within one year -€29,284
down €29,284 (-33.7%), from €86,822 to €57,538
of which Trade receivables: -€24,993
- Tangible fixed assets -€20,800
down €20,800 (-48.2%), from €43,182 to €22,382
of which Furniture and vehicles: -€19,162
- Receivables after one year -€8,066
down €8,066 (-100%), from €8,066 to €0
- Trade debts -€23,319
down €23,319 (-72.5%), from €32,169 to €8,850
- Other debts -€6,040
down €6,040 (-78.4%), from €7,706 to €1,666
- Current portion of long-term debt -€4,241
down €4,241 (-100%), from €4,241 to €0
- Gross operating margin +€48,802
up €48,802 (+35.1%), from €139,104 to €187,906
- Taxes +€18,064
up €18,064 (+55.8%), from €32,352 to €50,416
- Financial income +€4,999
up €4,999 (+203%), from €2,457 to €7,456
of which Financial income: +€3,749
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 | €405,598 | €376,451 | -€29,147 | -7.2% |
| Fixed assets | 21/28 | €45,192 | €23,315 | -€21,876 | -48.4% |
| Intangible fixed assets | 21 | €2,010 | €933 | -€1,077 | -53.6% |
| Tangible fixed assets | 22/27 | €43,182 | €22,382 | -€20,800 | -48.2% |
| Plant, machinery and equipment | 23 | €356 | €3,276 | +€2,920 | +821% |
| Furniture and vehicles | 24 | €35,263 | €16,101 | -€19,162 | -54.3% |
| Other tangible fixed assets | 26 | €7,563 | €3,005 | -€4,558 | -60.3% |
| Current assets | 29/58 | €360,406 | €353,136 | -€7,270 | -2.0% |
| Amounts receivable after more than one year | 29 | €8,066 | €0 | -€8,066 | -100% |
| Other amounts receivable | 291 | €8,066 | €0 | -€8,066 | -100% |
| Amounts receivable within one year | 40/41 | €86,822 | €57,538 | -€29,284 | -33.7% |
| Trade receivables | 40 | €80,145 | €55,153 | -€24,993 | -31.2% |
| Other amounts receivable | 41 | €6,676 | €2,385 | -€4,291 | -64.3% |
| Current investments | 50/53 | €151,000 | €88,000 | -€63,000 | -41.7% |
| Cash at bank and in hand | 54/58 | €103,268 | €201,637 | +€98,369 | +95.3% |
| Deferred charges and accrued income | 490/1 | €11,251 | €5,961 | -€5,290 | -47.0% |
| Total equity and liabilities | 10/49 | €405,598 | €376,451 | -€29,147 | -7.2% |
| Equity | 10/15 | €336,404 | €335,410 | -€994 | -0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €330,204 | €329,210 | -€994 | -0.3% |
| Distributable reserves | 133 | €330,204 | €329,210 | -€994 | -0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €69,193 | €41,041 | -€28,153 | -40.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €67,954 | €40,648 | -€27,306 | -40.2% |
| Current portion of amounts payable after more than one year | 42 | €4,241 | €0 | -€4,241 | -100% |
| Financial debts | 43 | €270 | €2,775 | +€2,505 | +928% |
| Credit institutions | 430/8 | €270 | €2,775 | +€2,505 | +928% |
| Trade debts | 44 | €32,169 | €8,850 | -€23,319 | -72.5% |
| Suppliers | 440/4 | €32,169 | €8,850 | -€23,319 | -72.5% |
| Taxes, remuneration and social security | 45 | €23,568 | €27,357 | +€3,790 | +16.1% |
| Taxes | 450/3 | €23,128 | €26,757 | +€3,630 | +15.7% |
| Remuneration and social security | 454/9 | €440 | €600 | +€160 | +36.4% |
| Other amounts payable | 47/48 | €7,706 | €1,666 | -€6,040 | -78.4% |
| Accrued charges and deferred income | 492/3 | €1,240 | €393 | -€847 | -68.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,977 | €26,851 | -€126 | -0.5% |
| Other operating charges | 640/8 | €4,141 | €4,563 | +€422 | +10.2% |
| Gross operating margin | 9900 | €139,104 | €187,906 | +€48,802 | +35.1% |
| Operating profit (loss) | 9901 | €107,986 | €156,492 | +€48,505 | +44.9% |
| Financial income | 75/76B | €2,457 | €7,456 | +€4,999 | +203% |
| Recurring financial income | 75 | €2,457 | €6,206 | +€3,749 | +153% |
| Non-recurring financial income | 76B | €0 | €1,250 | +€1,250 | |
| Financial charges | 65/66B | €3,160 | €2,214 | -€946 | -29.9% |
| Recurring financial charges | 65 | €3,160 | €2,214 | -€946 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €107,284 | €161,734 | +€54,450 | +50.8% |
| Income taxes | 67/77 | €32,352 | €50,416 | +€18,064 | +55.8% |
| Profit (loss) for the period | 9904 | €74,932 | €111,318 | +€36,386 | +48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,932 | €111,318 | +€36,386 | +48.6% |
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 21 October 2026 via checked.be.