QS HOME: what changed
Two fiscal 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.
QS HOME
Largest movements
- Tangible fixed assets +€35,651
up €35,651 (+1.1%), from €3.2m to €3.2m
of which Land and buildings: +€35,973
- Other debts +€45,561
up €45,561 (+21.0%), from €216,584 to €262,144
- Debts after one year -€44,852
down €44,852 (-1.6%), from €2.7m to €2.7m
- Gross operating margin +€160,361
up €160,361 (+143.2%), from €112,005 to €272,365
- Depreciation +€18,231
up €18,231 (+16.0%), from €113,975 to €132,207
- Financial charges +€5,998
up €5,998 (+5.1%), from €117,919 to €123,918
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 | €3,277,852 | €3,321,575 | +€43,723 | +1.3% |
| Fixed assets | 21/28 | €3,190,344 | €3,225,995 | +€35,651 | +1.1% |
| Tangible fixed assets | 22/27 | €3,190,344 | €3,225,995 | +€35,651 | +1.1% |
| Land and buildings | 22 | €3,154,113 | €3,190,086 | +€35,973 | +1.1% |
| Plant, machinery and equipment | 23 | €33,818 | €34,037 | +€219 | +0.6% |
| Furniture and vehicles | 24 | €2,414 | €1,872 | -€541 | -22.4% |
| Current assets | 29/58 | €87,508 | €95,580 | +€8,072 | +9.2% |
| Amounts receivable within one year | 40/41 | €70,500 | €71,004 | +€504 | +0.7% |
| Trade receivables | 40 | €70,500 | €70,500 | = | 0.0% |
| Other amounts receivable | 41 | €0 | €504 | +€504 | |
| Cash at bank and in hand | 54/58 | €17,008 | €24,576 | +€7,568 | +44.5% |
| Total equity and liabilities | 10/49 | €3,277,852 | €3,321,575 | +€43,723 | +1.3% |
| Equity | 10/15 | €189,676 | €201,068 | +€11,392 | +6.0% |
| Contributions | 10/11 | €335,000 | €335,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,324 | -€133,932 | +€11,392 | +7.8% |
| Amounts payable | 17/49 | €3,088,177 | €3,120,508 | +€32,331 | +1.0% |
| Amounts payable after more than one year | 17 | €2,735,055 | €2,690,203 | -€44,852 | -1.6% |
| Financial debts | 170/4 | €2,735,055 | €2,690,203 | -€44,852 | -1.6% |
| Amounts payable within one year | 42/48 | €353,122 | €430,304 | +€77,183 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €126,241 | €138,665 | +€12,424 | +9.8% |
| Trade debts | 44 | €10,298 | €14,695 | +€4,397 | +42.7% |
| Suppliers | 440/4 | €10,298 | €14,695 | +€4,397 | +42.7% |
| Taxes, remuneration and social security | 45 | €0 | €14,800 | +€14,800 | |
| Taxes | 450/3 | €0 | €14,800 | +€14,800 | |
| Other amounts payable | 47/48 | €216,584 | €262,144 | +€45,561 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,975 | €132,207 | +€18,231 | +16.0% |
| Other operating charges | 640/8 | €4,749 | €4,849 | +€100 | +2.1% |
| Gross operating margin | 9900 | €112,005 | €272,365 | +€160,361 | +143.2% |
| Operating profit (loss) | 9901 | -€6,720 | €135,309 | +€142,029 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €117,919 | €123,918 | +€5,998 | +5.1% |
| Recurring financial charges | 65 | €117,919 | €123,918 | +€5,998 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€124,639 | €11,392 | +€136,031 | |
| Income taxes | 67/77 | €7 | - | -€7 | |
| Profit (loss) for the period | 9904 | -€124,646 | €11,392 | +€136,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€124,646 | €11,392 | +€136,038 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.