Qring Circular: 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.
Qring Circular
Largest movements
- Receivables within one year +€6,395
up €6,395 (+92.6%), from €6,905 to €13,300
of which Other amounts receivable: +€8,581
- Cash -€3,570
down €3,570 (-8.0%), from €44,602 to €41,032
mainly Receivables within one year (-€6,395) and Tax, wage and social debts (-€2,184)
- Tangible fixed assets +€758
new in 2025: €758
- Reserves +€5,216
up €5,216 (+15.7%), from €33,316 to €38,531
- Tax, wage and social debts -€2,184
down €2,184 (-17.3%), from €12,644 to €10,460
- Trade debts +€567
up €567 (+768%), from €74 to €641
- Gross operating margin -€35,345
down €35,345 (-83.0%), from €42,603 to €7,257
- Taxes -€7,228
down €7,228 (-81.9%), from €8,828 to €1,601
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.
Derived cash bridge
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 | €52,034 | €55,633 | +€3,599 | +6.9% |
| Fixed assets | 21/28 | €500 | €1,258 | +€758 | +152% |
| Tangible fixed assets | 22/27 | - | €758 | +€758 | |
| Plant, machinery and equipment | 23 | - | €758 | +€758 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €51,534 | €54,375 | +€2,841 | +5.5% |
| Amounts receivable within one year | 40/41 | €6,905 | €13,300 | +€6,395 | +92.6% |
| Trade receivables | 40 | €6,262 | €4,076 | -€2,186 | -34.9% |
| Other amounts receivable | 41 | €643 | €9,224 | +€8,581 | +1,334% |
| Cash at bank and in hand | 54/58 | €44,602 | €41,032 | -€3,570 | -8.0% |
| Deferred charges and accrued income | 490/1 | €27 | €43 | +€16 | +59.2% |
| Total equity and liabilities | 10/49 | €52,034 | €55,633 | +€3,599 | +6.9% |
| Equity | 10/15 | €39,316 | €44,531 | +€5,216 | +13.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €33,316 | €38,531 | +€5,216 | +15.7% |
| Distributable reserves | 133 | €33,316 | €38,531 | +€5,216 | +15.7% |
| Amounts payable | 17/49 | €12,718 | €11,102 | -€1,617 | -12.7% |
| Amounts payable within one year | 42/48 | €12,718 | €11,102 | -€1,617 | -12.7% |
| Trade debts | 44 | €74 | €641 | +€567 | +768% |
| Suppliers | 440/4 | €74 | €641 | +€567 | +768% |
| Taxes, remuneration and social security | 45 | €12,644 | €10,460 | -€2,184 | -17.3% |
| Taxes | 450/3 | €12,644 | €10,460 | -€2,184 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €234 | +€234 | |
| Other operating charges | 640/8 | €353 | €351 | -€1 | -0.4% |
| Gross operating margin | 9900 | €42,603 | €7,257 | -€35,345 | -83.0% |
| Operating profit (loss) | 9901 | €42,250 | €6,672 | -€35,578 | -84.2% |
| Financial income | 75/76B | €15 | €222 | +€208 | +1,410% |
| Recurring financial income | 75 | €15 | €222 | +€208 | +1,410% |
| Financial charges | 65/66B | €121 | €78 | -€43 | -35.3% |
| Recurring financial charges | 65 | €121 | €78 | -€43 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €42,144 | €6,817 | -€35,327 | -83.8% |
| Income taxes | 67/77 | €8,828 | €1,601 | -€7,228 | -81.9% |
| Profit (loss) for the period | 9904 | €33,316 | €5,216 | -€28,100 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,316 | €5,216 | -€28,100 | -84.3% |
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 19 October 2026 via checked.be.