QRM SERVICES: 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.
QRM SERVICES
Largest movements
- Tangible fixed assets -€11,185
down €11,185 (-10.1%), from €111,002 to €99,818
of which Land and buildings: -€9,813
- Cash -€3,391
down €3,391 (-22.4%), from €15,168 to €11,778
mainly Debts after one year (-€11,320) and Contributions, distributions and other (-€10,000)
- Receivables within one year +€1,810
up €1,810 (+33.9%), from €5,345 to €7,155
of which Other amounts receivable: +€2,265
- Debts after one year -€11,320
down €11,320 (-11.9%), from €94,920 to €83,600
- Reserves -€10,000
down €10,000 (-26.6%), from €37,654 to €27,654
of which Distributable reserves: -€10,000
- Other debts +€10,000
up €10,000, from €0 to €10,000
- Profit (loss) carried forward -€5,603
down €5,603 (-30.4%), from -€18,418 to -€24,022
- Trade debts +€4,126
up €4,126 (+3,790%), from €109 to €4,235
- Gross operating margin -€1,225
down €1,225 (-13.1%), from €9,381 to €8,156
- Financial income -€288
down €288 (-46.2%), from €623 to €335
- Taxes -€186
down €186 (-100%), from €186 to €0
- Depreciation -€165
down €165 (-1.5%), from €11,349 to €11,185
- Financial charges -€155
down €155 (-7.2%), from €2,153 to €1,997
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 | €132,295 | €119,140 | -€13,155 | -9.9% |
| Fixed assets | 21/28 | €111,057 | €99,873 | -€11,185 | -10.1% |
| Tangible fixed assets | 22/27 | €111,002 | €99,818 | -€11,185 | -10.1% |
| Land and buildings | 22 | €107,802 | €97,989 | -€9,813 | -9.1% |
| Furniture and vehicles | 24 | €1,033 | €82 | -€951 | -92.0% |
| Other tangible fixed assets | 26 | €2,168 | €1,746 | -€421 | -19.4% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €21,238 | €19,267 | -€1,971 | -9.3% |
| Amounts receivable within one year | 40/41 | €5,345 | €7,155 | +€1,810 | +33.9% |
| Trade receivables | 40 | €455 | €0 | -€455 | -100% |
| Other amounts receivable | 41 | €4,889 | €7,155 | +€2,265 | +46.3% |
| Cash at bank and in hand | 54/58 | €15,168 | €11,778 | -€3,391 | -22.4% |
| Deferred charges and accrued income | 490/1 | €725 | €335 | -€390 | -53.8% |
| Total equity and liabilities | 10/49 | €132,295 | €119,140 | -€13,155 | -9.9% |
| Equity | 10/15 | €25,435 | €9,832 | -€15,603 | -61.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,654 | €27,654 | -€10,000 | -26.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €37,654 | €27,654 | -€10,000 | -26.6% |
| Profit (loss) carried forward | 14 | -€18,418 | -€24,022 | -€5,603 | -30.4% |
| Amounts payable | 17/49 | €106,860 | €109,308 | +€2,448 | +2.3% |
| Amounts payable after more than one year | 17 | €94,920 | €83,600 | -€11,320 | -11.9% |
| Financial debts | 170/4 | €94,920 | €83,600 | -€11,320 | -11.9% |
| Amounts payable within one year | 42/48 | €11,940 | €25,709 | +€13,769 | +115% |
| Current portion of amounts payable after more than one year | 42 | €11,136 | €11,320 | +€184 | +1.7% |
| Trade debts | 44 | €109 | €4,235 | +€4,126 | +3,790% |
| Suppliers | 440/4 | €109 | €4,235 | +€4,126 | +3,790% |
| Taxes, remuneration and social security | 45 | €695 | €154 | -€542 | -77.9% |
| Taxes | 450/3 | €695 | €154 | -€542 | -77.9% |
| Other amounts payable | 47/48 | €0 | €10,000 | +€10,000 | |
| Non-recurring operating income | 76A | €772 | €772 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,349 | €11,185 | -€165 | -1.5% |
| Other operating charges | 640/8 | €963 | €913 | -€50 | -5.2% |
| Gross operating margin | 9900 | €9,381 | €8,156 | -€1,225 | -13.1% |
| Operating profit (loss) | 9901 | -€2,931 | -€3,942 | -€1,010 | -34.5% |
| Financial income | 75/76B | €623 | €335 | -€288 | -46.2% |
| Recurring financial income | 75 | €623 | €335 | -€288 | -46.2% |
| Financial charges | 65/66B | €2,153 | €1,997 | -€155 | -7.2% |
| Recurring financial charges | 65 | €2,153 | €1,997 | -€155 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,461 | -€5,603 | -€1,142 | -25.6% |
| Income taxes | 67/77 | €186 | €0 | -€186 | -100% |
| Profit (loss) for the period | 9904 | -€4,647 | -€5,603 | -€957 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,647 | -€5,603 | -€957 | -20.6% |
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 24 October 2026 via checked.be.