QRB: 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.
QRB
Largest movements
- Cash -€5,956
down €5,956 (-81.6%), from €7,300 to €1,344
mainly Receivables within one year (-€5,282) and Trade debts (-€1,586)
- Receivables within one year +€5,282
up €5,282 (+321.2%), from €1,645 to €6,927
of which Other amounts receivable: +€5,002
- Trade debts -€1,586
down €1,586 (-99.1%), from €1,600 to €14
- Profit (loss) carried forward +€676
up €676 (+2.9%), from -€23,630 to -€22,954
- Accrued charges and deferred income +€165
new in 2025: €165
- Gross operating margin +€3,157
up €3,157, from -€2,552 to €605
- Depreciation -€2,303
no longer reported in 2025 (was €2,303)
- Other operating charges -€825
down €825 (-69.8%), from €1,182 to €357
- Financial income +€500
new in 2025: €500
of which Financial income: +€500
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 | €9,746 | €9,072 | -€674 | -6.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €9,746 | €9,072 | -€674 | -6.9% |
| Amounts receivable within one year | 40/41 | €1,645 | €6,927 | +€5,282 | +321.2% |
| Trade receivables | 40 | €0 | €280 | +€280 | |
| Other amounts receivable | 41 | €1,645 | €6,647 | +€5,002 | +304.1% |
| Cash at bank and in hand | 54/58 | €7,300 | €1,344 | -€5,956 | -81.6% |
| Deferred charges and accrued income | 490/1 | €801 | €801 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €9,746 | €9,072 | -€674 | -6.9% |
| Equity | 10/15 | €8,146 | €8,823 | +€677 | +8.3% |
| Contributions | 10/11 | €13,335 | €13,335 | +€0 | 0.0% |
| Reserves | 13 | €18,442 | €18,442 | +€0 | 0.0% |
| Distributable reserves | 133 | €18,442 | €18,442 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€23,630 | -€22,954 | +€676 | +2.9% |
| Amounts payable | 17/49 | €1,600 | €249 | -€1,351 | -84.4% |
| Amounts payable within one year | 42/48 | €1,600 | €84 | -€1,516 | -94.7% |
| Trade debts | 44 | €1,600 | €14 | -€1,586 | -99.1% |
| Suppliers | 440/4 | €1,600 | €14 | -€1,586 | -99.1% |
| Taxes, remuneration and social security | 45 | - | €12 | +€12 | |
| Taxes | 450/3 | - | €12 | +€12 | |
| Other amounts payable | 47/48 | €0 | €58 | +€58 | |
| Accrued charges and deferred income | 492/3 | - | €165 | +€165 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,303 | - | -€2,303 | |
| Other operating charges | 640/8 | €1,182 | €357 | -€825 | -69.8% |
| Gross operating margin | 9900 | -€2,552 | €605 | +€3,157 | |
| Operating profit (loss) | 9901 | -€6,038 | €248 | +€6,286 | |
| Financial income | 75/76B | - | €500 | +€500 | |
| Recurring financial income | 75 | - | €500 | +€500 | |
| Non-recurring financial income | 76B | - | €500 | +€500 | |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.2% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,105 | €676 | +€6,781 | |
| Profit (loss) for the period | 9904 | -€6,105 | €676 | +€6,781 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,105 | €676 | +€6,781 |
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.