QPI: what changed
Two fiscal 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.
QPI
Largest movements
- Receivables within one year -€2,850
down €2,850 (-79.2%), from €3,600 to €750
of which Other amounts receivable: -€2,850
- Cash -€2,413
down €2,413 (-92.4%), from €2,612 to €199
mainly Other debts (-€25,471) and Investment in fixed assets (net) (-€482)
- Tangible fixed assets +€262
up €262 (+24.6%), from €1,066 to €1,327
- Other debts -€25,471
down €25,471 (-62.3%), from €40,872 to €15,401
- Tax, wage and social debts +€10,054
up €10,054 (+130.0%), from €7,735 to €17,788
of which Taxes: +€9,938
- Reserves +€5,000
up €5,000 (+33.3%), from €15,000 to €20,000
- Profit (loss) carried forward +€3,789
up €3,789 (+4.9%), from -€78,064 to -€74,275
- Trade debts +€1,846
up €1,846 (+348.7%), from €530 to €2,376
- Gross operating margin +€7,700
up €7,700 (+37.5%), from €20,512 to €28,212
- Taxes +€5,719
up €5,719 (+91.7%), from €6,235 to €11,953
- Financial charges +€1,335
up €1,335 (+44.5%), from €2,998 to €4,334
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 | €7,367 | €2,366 | -€5,001 | -67.9% |
| Fixed assets | 21/28 | €1,156 | €1,417 | +€262 | +22.6% |
| Tangible fixed assets | 22/27 | €1,066 | €1,327 | +€262 | +24.6% |
| Furniture and vehicles | 24 | €1,066 | €1,327 | +€262 | +24.6% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €6,212 | €949 | -€5,263 | -84.7% |
| Amounts receivable within one year | 40/41 | €3,600 | €750 | -€2,850 | -79.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,600 | €750 | -€2,850 | -79.2% |
| Cash at bank and in hand | 54/58 | €2,612 | €199 | -€2,413 | -92.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €7,367 | €2,366 | -€5,001 | -67.9% |
| Equity | 10/15 | -€44,464 | -€35,675 | +€8,789 | +19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Distributable reserves | 133 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Profit (loss) carried forward | 14 | -€78,064 | -€74,275 | +€3,789 | +4.9% |
| Amounts payable | 17/49 | €51,831 | €38,041 | -€13,790 | -26.6% |
| Amounts payable within one year | 42/48 | €49,136 | €35,566 | -€13,571 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €530 | €2,376 | +€1,846 | +348.7% |
| Suppliers | 440/4 | €530 | €2,376 | +€1,846 | +348.7% |
| Taxes, remuneration and social security | 45 | €7,735 | €17,788 | +€10,054 | +130.0% |
| Taxes | 450/3 | €6,235 | €16,173 | +€9,938 | +159.4% |
| Remuneration and social security | 454/9 | €1,500 | €1,616 | +€116 | +7.7% |
| Other amounts payable | 47/48 | €40,872 | €15,401 | -€25,471 | -62.3% |
| Accrued charges and deferred income | 492/3 | €2,695 | €2,476 | -€219 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260 | €220 | -€40 | -15.3% |
| Other operating charges | 640/8 | €1,882 | €1,850 | -€33 | -1.7% |
| Non-recurring operating charges | 66A | - | €1,066 | +€1,066 | |
| Gross operating margin | 9900 | €20,512 | €28,212 | +€7,700 | +37.5% |
| Operating profit (loss) | 9901 | €18,370 | €25,076 | +€6,706 | +36.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -82.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -82.8% |
| Financial charges | 65/66B | €2,998 | €4,334 | +€1,335 | +44.5% |
| Recurring financial charges | 65 | €2,998 | €4,334 | +€1,335 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | €15,372 | €20,742 | +€5,370 | +34.9% |
| Income taxes | 67/77 | €6,235 | €11,953 | +€5,719 | +91.7% |
| Profit (loss) for the period | 9904 | €9,137 | €8,789 | -€348 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,137 | €8,789 | -€348 | -3.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.