QPQ CONSULT: what changed
QPQ CONSULT
Largest movements
- Tangible fixed assets +€155,015
up €155,015 (+186%), from €83,397 to €238,412
of which Furniture and vehicles: +€160,915
- Cash -€29,607
down €29,607 (-37.7%), from €78,562 to €48,955
mainly Investment in fixed assets (net) (-€161,712) and Contributions, distributions and other (-€66,000)
- Receivables within one year +€6,938
up €6,938 (+24.0%), from €28,906 to €35,844
of which Other amounts receivable: +€23,921
- Current portion of long-term debt +€132,152
up €132,152 (+369%), from €35,772 to €167,924
- Reserves -€66,000
down €66,000 (-28.8%), from €228,821 to €162,821
- Other debts +€51,882
up €51,882 (+883%), from €5,875 to €57,757
- Profit (loss) carried forward +€35,235
new in 2025: €35,235
- Debts after one year -€20,141
down €20,141 (-34.3%), from €58,769 to €38,628
- Gross operating margin -€6,520
down €6,520 (-10.0%), from €65,037 to €58,517
- Taxes -€1,451
down €1,451 (-10.0%), from €14,482 to €13,030
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €370,146 | €503,272 | +€133,126 | +36.0% |
| Fixed assets | 21/28 | €262,677 | €417,692 | +€155,015 | +59.0% |
| Tangible fixed assets | 22/27 | €83,397 | €238,412 | +€155,015 | +186% |
| Land and buildings | 22 | €82,600 | €76,700 | -€5,900 | -7.1% |
| Furniture and vehicles | 24 | €797 | €161,712 | +€160,915 | +20,186% |
| Financial fixed assets | 28 | €179,280 | €179,280 | = | 0.0% |
| Current assets | 29/58 | €107,469 | €85,580 | -€21,888 | -20.4% |
| Amounts receivable within one year | 40/41 | €28,906 | €35,844 | +€6,938 | +24.0% |
| Trade receivables | 40 | €20,038 | €3,055 | -€16,983 | -84.8% |
| Other amounts receivable | 41 | €8,869 | €32,789 | +€23,921 | +270% |
| Cash at bank and in hand | 54/58 | €78,562 | €48,955 | -€29,607 | -37.7% |
| Deferred charges and accrued income | 490/1 | - | €781 | +€781 | |
| Total equity and liabilities | 10/49 | €370,146 | €503,272 | +€133,126 | +36.0% |
| Equity | 10/15 | €247,421 | €216,656 | -€30,765 | -12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €228,821 | €162,821 | -€66,000 | -28.8% |
| Distributable reserves | 133 | €228,821 | €162,821 | -€66,000 | -28.8% |
| Profit (loss) carried forward | 14 | - | €35,235 | +€35,235 | |
| Amounts payable | 17/49 | €122,725 | €286,616 | +€163,891 | +134% |
| Amounts payable after more than one year | 17 | €58,769 | €38,628 | -€20,141 | -34.3% |
| Financial debts | 170/4 | €58,769 | €38,628 | -€20,141 | -34.3% |
| Amounts payable within one year | 42/48 | €60,956 | €244,988 | +€184,032 | +302% |
| Current portion of amounts payable after more than one year | 42 | €35,772 | €167,924 | +€132,152 | +369% |
| Trade debts | 44 | €5,171 | €4,925 | -€246 | -4.8% |
| Suppliers | 440/4 | €5,171 | €4,925 | -€246 | -4.8% |
| Taxes, remuneration and social security | 45 | €14,138 | €14,382 | +€244 | +1.7% |
| Taxes | 450/3 | €14,138 | €14,382 | +€244 | +1.7% |
| Other amounts payable | 47/48 | €5,875 | €57,757 | +€51,882 | +883% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,547 | €6,697 | +€150 | +2.3% |
| Other operating charges | 640/8 | €2,060 | €2,006 | -€54 | -2.6% |
| Gross operating margin | 9900 | €65,037 | €58,517 | -€6,520 | -10.0% |
| Operating profit (loss) | 9901 | €56,430 | €49,814 | -€6,616 | -11.7% |
| Financial income | 75/76B | €37 | - | -€37 | |
| Recurring financial income | 75 | €37 | - | -€37 | |
| Financial charges | 65/66B | €2,124 | €1,548 | -€576 | -27.1% |
| Recurring financial charges | 65 | €2,124 | €1,548 | -€576 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €54,343 | €48,266 | -€6,078 | -11.2% |
| Income taxes | 67/77 | €14,482 | €13,030 | -€1,451 | -10.0% |
| Profit (loss) for the period | 9904 | €39,861 | €35,235 | -€4,626 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,861 | €35,235 | -€4,626 | -11.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.