QQB: 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.
QQB
Largest movements
- Receivables within one year -€22,439
down €22,439 (-14.4%), from €156,328 to €133,890
of which Trade receivables: -€22,470
- Financial fixed assets -€8,327
down €8,327 (-65.8%), from €12,660 to €4,333
- Deferred charges and accrued income +€3,139
new in 2025: €3,139
- Cash +€2,608
up €2,608 (+601.5%), from €434 to €3,042
mainly Net result for the year (+€57,681) and Receivables within one year (+€22,439)
- Other debts -€71,306
no longer reported in 2025 (was €71,306)
- Profit (loss) carried forward +€32,493
up €32,493 (+71.3%), from €45,559 to €78,051
- Trade debts +€12,467
up €12,467 (+92.5%), from €13,480 to €25,947
- Gross operating margin +€20,543
up €20,543 (+34.4%), from €59,705 to €80,248
- Taxes +€9,580
up €9,580 (+79.6%), from €12,039 to €21,619
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 | €169,422 | €144,404 | -€25,018 | -14.8% |
| Fixed assets | 21/28 | €12,660 | €4,333 | -€8,327 | -65.8% |
| Financial fixed assets | 28 | €12,660 | €4,333 | -€8,327 | -65.8% |
| Current assets | 29/58 | €156,762 | €140,071 | -€16,691 | -10.6% |
| Amounts receivable within one year | 40/41 | €156,328 | €133,890 | -€22,439 | -14.4% |
| Trade receivables | 40 | €155,644 | €133,175 | -€22,470 | -14.4% |
| Other amounts receivable | 41 | €684 | €715 | +€31 | +4.5% |
| Cash at bank and in hand | 54/58 | €434 | €3,042 | +€2,608 | +601.5% |
| Deferred charges and accrued income | 490/1 | - | €3,139 | +€3,139 | |
| Total equity and liabilities | 10/49 | €169,422 | €144,404 | -€25,018 | -14.8% |
| Equity | 10/15 | €48,559 | €81,051 | +€32,493 | +66.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,559 | €78,051 | +€32,493 | +71.3% |
| Amounts payable | 17/49 | €120,863 | €63,353 | -€57,510 | -47.6% |
| Amounts payable within one year | 42/48 | €120,863 | €63,353 | -€57,510 | -47.6% |
| Trade debts | 44 | €13,480 | €25,947 | +€12,467 | +92.5% |
| Suppliers | 440/4 | €13,480 | €25,947 | +€12,467 | +92.5% |
| Taxes, remuneration and social security | 45 | €36,077 | €37,406 | +€1,329 | +3.7% |
| Taxes | 450/3 | €36,077 | €37,406 | +€1,329 | +3.7% |
| Other amounts payable | 47/48 | €71,306 | - | -€71,306 | |
| Remuneration, social security and pensions | 62 | €353 | €170 | -€183 | -51.8% |
| Operating charges capitalised as restructuring costs | 649 | -€348 | - | +€348 | |
| Gross operating margin | 9900 | €59,705 | €80,248 | +€20,543 | +34.4% |
| Operating profit (loss) | 9901 | €59,700 | €80,078 | +€20,379 | +34.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €469 | €779 | +€310 | +66.1% |
| Recurring financial charges | 65 | €469 | €779 | +€310 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | €59,231 | €79,300 | +€20,069 | +33.9% |
| Income taxes | 67/77 | €12,039 | €21,619 | +€9,580 | +79.6% |
| Profit (loss) for the period | 9904 | €47,192 | €57,681 | +€10,489 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,192 | €57,681 | +€10,489 | +22.2% |
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 10 October 2026 via checked.be.