QR CONCEPT: 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.
QR CONCEPT
Largest movements
- Cash -€59,312
down €59,312 (-97.8%), from €60,617 to €1,305
mainly Contributions, distributions and other (-€57,118) and Trade debts (-€51,839)
- Tangible fixed assets -€23,799
down €23,799 (-32.1%), from €74,061 to €50,263
of which Furniture and vehicles: -€16,158
- Trade debts -€51,839
down €51,839 (-87.7%), from €59,116 to €7,277
- Other debts +€46,869
up €46,869 (+473.8%), from €9,893 to €56,762
- Profit (loss) carried forward -€44,749
down €44,749 (-78.3%), from €57,118 to €12,369
- Tax, wage and social debts -€19,438
down €19,438 (-98.1%), from €19,820 to €382
- Debts after one year -€11,896
down €11,896 (-73.6%), from €16,153 to €4,257
- Gross operating margin -€5,732
down €5,732 (-11.5%), from €49,935 to €44,202
- Depreciation -€4,342
down €4,342 (-14.2%), from €30,616 to €26,274
- Taxes +€2,657
up €2,657 (+500.7%), from €531 to €3,187
- Write-downs -€1,723
down €1,723 (-100.0%), from €1,723 to €0
- Financial charges -€810
down €810 (-37.6%), from €2,152 to €1,342
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 | €195,254 | €113,709 | -€81,545 | -41.8% |
| Fixed assets | 21/28 | €74,241 | €50,443 | -€23,799 | -32.1% |
| Tangible fixed assets | 22/27 | €74,061 | €50,263 | -€23,799 | -32.1% |
| Plant, machinery and equipment | 23 | €8,793 | €6,548 | -€2,244 | -25.5% |
| Furniture and vehicles | 24 | €49,849 | €33,691 | -€16,158 | -32.4% |
| Leasing and similar rights | 25 | €15,419 | €10,023 | -€5,396 | -35.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €121,013 | €63,266 | -€57,747 | -47.7% |
| Amounts receivable within one year | 40/41 | €59,500 | €60,903 | +€1,403 | +2.4% |
| Trade receivables | 40 | €58,715 | €57,938 | -€778 | -1.3% |
| Other amounts receivable | 41 | €785 | €2,965 | +€2,180 | +277.7% |
| Cash at bank and in hand | 54/58 | €60,617 | €1,305 | -€59,312 | -97.8% |
| Deferred charges and accrued income | 490/1 | €896 | €1,058 | +€163 | +18.1% |
| Total equity and liabilities | 10/49 | €195,254 | €113,709 | -€81,545 | -41.8% |
| Equity | 10/15 | €77,045 | €32,296 | -€44,749 | -58.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,927 | €14,927 | = | 0.0% |
| Distributable reserves | 133 | €14,927 | €14,927 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,118 | €12,369 | -€44,749 | -78.3% |
| Amounts payable | 17/49 | €118,208 | €81,412 | -€36,796 | -31.1% |
| Amounts payable after more than one year | 17 | €16,153 | €4,257 | -€11,896 | -73.6% |
| Financial debts | 170/4 | €16,153 | €4,257 | -€11,896 | -73.6% |
| Amounts payable within one year | 42/48 | €102,055 | €76,317 | -€25,739 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €13,227 | €11,896 | -€1,331 | -10.1% |
| Trade debts | 44 | €59,116 | €7,277 | -€51,839 | -87.7% |
| Suppliers | 440/4 | €59,116 | €7,277 | -€51,839 | -87.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €19,820 | €382 | -€19,438 | -98.1% |
| Taxes | 450/3 | €19,820 | €382 | -€19,438 | -98.1% |
| Other amounts payable | 47/48 | €9,893 | €56,762 | +€46,869 | +473.8% |
| Accrued charges and deferred income | 492/3 | - | €839 | +€839 | |
| Remuneration, social security and pensions | 62 | €155 | €0 | -€155 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,616 | €26,274 | -€4,342 | -14.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,723 | €0 | -€1,723 | -100.0% |
| Other operating charges | 640/8 | €976 | €1,031 | +€55 | +5.6% |
| Gross operating margin | 9900 | €49,935 | €44,202 | -€5,732 | -11.5% |
| Operating profit (loss) | 9901 | €16,465 | €16,898 | +€433 | +2.6% |
| Financial income | 75/76B | €50 | €0 | -€50 | -100.0% |
| Recurring financial income | 75 | €50 | €0 | -€50 | -100.0% |
| Financial charges | 65/66B | €2,152 | €1,342 | -€810 | -37.6% |
| Recurring financial charges | 65 | €2,152 | €1,342 | -€810 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €14,364 | €15,556 | +€1,192 | +8.3% |
| Income taxes | 67/77 | €531 | €3,187 | +€2,657 | +500.7% |
| Profit (loss) for the period | 9904 | €13,833 | €12,369 | -€1,464 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,833 | €12,369 | -€1,464 | -10.6% |
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 11 October 2026 via checked.be.