QS MOTOR: 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.
QS MOTOR
Largest movements
- Cash +€72,152
up €72,152 (+115.2%), from €62,636 to €134,788
mainly Net result for the year (+€72,306) and Other debts (+€12,750)
- Stocks and contracts +€16,673
up €16,673 (+602.6%), from €2,767 to €19,440
- Receivables within one year -€5,406
down €5,406 (-44.1%), from €12,251 to €6,845
of which Other amounts receivable: -€4,191
- Tangible fixed assets -€4,686
down €4,686 (-19.2%), from €24,353 to €19,667
of which Plant, machinery and equipment: -€5,013
- Profit (loss) carried forward +€57,306
up €57,306 (+97.6%), from €58,715 to €116,021
- Other debts +€12,750
new in 2025: €12,750
- Tax, wage and social debts +€5,997
up €5,997 (+38.0%), from €15,798 to €21,795
of which Taxes: +€5,765
- Trade debts +€5,090
up €5,090 (+49.4%), from €10,308 to €15,399
- Debts after one year -€4,635
down €4,635 (-56.2%), from €8,245 to €3,610
- Gross operating margin +€50,252
up €50,252 (+43.6%), from €115,381 to €165,633
- Taxes +€12,050
up €12,050 (+134.3%), from €8,970 to €21,020
- Staff costs -€6,031
down €6,031 (-9.7%), from €62,324 to €56,292
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 | €112,506 | €189,210 | +€76,703 | +68.2% |
| Formation expenses | 20 | €147 | - | -€147 | |
| Fixed assets | 21/28 | €32,693 | €28,007 | -€4,686 | -14.3% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €24,353 | €19,667 | -€4,686 | -19.2% |
| Plant, machinery and equipment | 23 | €13,540 | €8,527 | -€5,013 | -37.0% |
| Furniture and vehicles | 24 | €10,813 | €11,140 | +€327 | +3.0% |
| Financial fixed assets | 28 | €8,340 | €8,340 | = | 0.0% |
| Current assets | 29/58 | €79,667 | €161,203 | +€81,536 | +102.3% |
| Stocks and contracts in progress | 3 | €2,767 | €19,440 | +€16,673 | +602.6% |
| Stocks | 30/36 | €2,767 | €19,440 | +€16,673 | +602.6% |
| Amounts receivable within one year | 40/41 | €12,251 | €6,845 | -€5,406 | -44.1% |
| Trade receivables | 40 | €3,486 | €2,271 | -€1,215 | -34.9% |
| Other amounts receivable | 41 | €8,765 | €4,574 | -€4,191 | -47.8% |
| Cash at bank and in hand | 54/58 | €62,636 | €134,788 | +€72,152 | +115.2% |
| Deferred charges and accrued income | 490/1 | €2,014 | €130 | -€1,883 | -93.5% |
| Total equity and liabilities | 10/49 | €112,506 | €189,210 | +€76,703 | +68.2% |
| Equity | 10/15 | €73,715 | €131,021 | +€57,306 | +77.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,715 | €116,021 | +€57,306 | +97.6% |
| Amounts payable | 17/49 | €38,791 | €58,188 | +€19,397 | +50.0% |
| Amounts payable after more than one year | 17 | €8,245 | €3,610 | -€4,635 | -56.2% |
| Financial debts | 170/4 | €8,245 | €3,610 | -€4,635 | -56.2% |
| Amounts payable within one year | 42/48 | €30,546 | €54,579 | +€24,032 | +78.7% |
| Current portion of amounts payable after more than one year | 42 | €4,440 | €4,635 | +€195 | +4.4% |
| Trade debts | 44 | €10,308 | €15,399 | +€5,090 | +49.4% |
| Suppliers | 440/4 | €10,308 | €15,399 | +€5,090 | +49.4% |
| Taxes, remuneration and social security | 45 | €15,798 | €21,795 | +€5,997 | +38.0% |
| Taxes | 450/3 | €13,452 | €19,217 | +€5,765 | +42.9% |
| Remuneration and social security | 454/9 | €2,346 | €2,578 | +€232 | +9.9% |
| Other amounts payable | 47/48 | - | €12,750 | +€12,750 | |
| Non-recurring operating income | 76A | - | €15,233 | +€15,233 | |
| Remuneration, social security and pensions | 62 | €62,324 | €56,292 | -€6,031 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,740 | €12,124 | +€384 | +3.3% |
| Other operating charges | 640/8 | €2,465 | €2,791 | +€327 | +13.3% |
| Non-recurring operating charges | 66A | €863 | - | -€863 | |
| Gross operating margin | 9900 | €115,381 | €165,633 | +€50,252 | +43.6% |
| Operating profit (loss) | 9901 | €37,990 | €94,426 | +€56,436 | +148.6% |
| Financial income | 75/76B | €105 | €246 | +€141 | +134.4% |
| Recurring financial income | 75 | €105 | €246 | +€141 | +134.4% |
| Financial charges | 65/66B | €1,232 | €1,345 | +€113 | +9.2% |
| Recurring financial charges | 65 | €1,232 | €1,345 | +€113 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €36,863 | €93,326 | +€56,463 | +153.2% |
| Income taxes | 67/77 | €8,970 | €21,020 | +€12,050 | +134.3% |
| Profit (loss) for the period | 9904 | €27,893 | €72,306 | +€44,413 | +159.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,893 | €72,306 | +€44,413 | +159.2% |
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 12 October 2026 via checked.be.