QPhar Solutions: 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.
QPhar Solutions
Largest movements
- Current investments +€24,956
up €24,956 (+29.9%), from €83,364 to €108,320
- Receivables within one year -€17,119
down €17,119 (-92.9%), from €18,435 to €1,316
of which Trade receivables: -€17,570
- Deferred charges and accrued income +€16,697
up €16,697 (+1,119%), from €1,492 to €18,189
- Cash +€1,870
up €1,870 (+7.6%), from €24,750 to €26,620
mainly Net result for the year (+€47,956) and Receivables within one year (+€17,119)
- Reserves +€47,956
up €47,956 (+42.0%), from €114,067 to €162,023
- Tax, wage and social debts -€20,428
down €20,428 (-91.2%), from €22,405 to €1,977
- Gross operating margin +€5,879
up €5,879 (+10.3%), from €57,193 to €63,072
- Taxes -€2,844
down €2,844 (-18.6%), from €15,317 to €12,473
- Financial income +€1,107
up €1,107 (+1,362%), from €81 to €1,188
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 | €140,674 | €167,779 | +€27,104 | +19.3% |
| Fixed assets | 21/28 | €1,173 | €1,842 | +€668 | +57.0% |
| Tangible fixed assets | 22/27 | €1,173 | €1,842 | +€668 | +57.0% |
| Furniture and vehicles | 24 | €1,173 | €1,842 | +€668 | +57.0% |
| Current assets | 29/58 | €139,501 | €165,937 | +€26,436 | +19.0% |
| Amounts receivable after more than one year | 29 | €11,460 | €11,492 | +€32 | +0.3% |
| Other amounts receivable | 291 | €11,460 | €11,492 | +€32 | +0.3% |
| Amounts receivable within one year | 40/41 | €18,435 | €1,316 | -€17,119 | -92.9% |
| Trade receivables | 40 | €17,570 | €0 | -€17,570 | -100% |
| Other amounts receivable | 41 | €865 | €1,316 | +€451 | +52.2% |
| Current investments | 50/53 | €83,364 | €108,320 | +€24,956 | +29.9% |
| Cash at bank and in hand | 54/58 | €24,750 | €26,620 | +€1,870 | +7.6% |
| Deferred charges and accrued income | 490/1 | €1,492 | €18,189 | +€16,697 | +1,119% |
| Total equity and liabilities | 10/49 | €140,674 | €167,779 | +€27,104 | +19.3% |
| Equity | 10/15 | €117,067 | €165,023 | +€47,956 | +41.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €114,067 | €162,023 | +€47,956 | +42.0% |
| Distributable reserves | 133 | €114,067 | €162,023 | +€47,956 | +42.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,608 | €2,755 | -€20,852 | -88.3% |
| Amounts payable within one year | 42/48 | €23,608 | €2,111 | -€21,497 | -91.1% |
| Trade debts | 44 | €344 | €134 | -€210 | -61.0% |
| Suppliers | 440/4 | €344 | €134 | -€210 | -61.0% |
| Taxes, remuneration and social security | 45 | €22,405 | €1,977 | -€20,428 | -91.2% |
| Taxes | 450/3 | €22,405 | €1,977 | -€20,428 | -91.2% |
| Other amounts payable | 47/48 | €859 | €0 | -€859 | -100% |
| Accrued charges and deferred income | 492/3 | - | €645 | +€645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €363 | €466 | +€102 | +28.1% |
| Other operating charges | 640/8 | €773 | €912 | +€140 | +18.1% |
| Gross operating margin | 9900 | €57,193 | €63,072 | +€5,879 | +10.3% |
| Operating profit (loss) | 9901 | €56,057 | €61,694 | +€5,637 | +10.1% |
| Financial income | 75/76B | €81 | €1,188 | +€1,107 | +1,362% |
| Recurring financial income | 75 | €81 | €1,188 | +€1,107 | +1,362% |
| Financial charges | 65/66B | €2,011 | €2,452 | +€441 | +21.9% |
| Recurring financial charges | 65 | €2,011 | €2,452 | +€441 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €54,128 | €60,430 | +€6,302 | +11.6% |
| Income taxes | 67/77 | €15,317 | €12,473 | -€2,844 | -18.6% |
| Profit (loss) for the period | 9904 | €38,811 | €47,956 | +€9,146 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,811 | €47,956 | +€9,146 | +23.6% |
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 15 October 2026 via checked.be.