QS QUEENSOLVER BVBA: 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 QUEENSOLVER BVBA
Largest movements
- Cash +€33,762
up €33,762 (+22.9%), from €147,226 to €180,988
mainly Net result for the year (+€23,834) and Receivables within one year (+€7,527)
- Receivables within one year -€7,527
no longer reported in 2025 (was €7,527)
of which Other amounts receivable: -€6,032
- Reserves +€23,834
up €23,834 (+17.1%), from €139,221 to €163,055
of which Distributable reserves: +€23,834
- Tax, wage and social debts +€1,905
up €1,905 (+18.4%), from €10,346 to €12,251
- Gross operating margin -€4,716
down €4,716 (-12.1%), from €38,820 to €34,104
- Taxes -€3,525
down €3,525 (-25.5%), from €13,819 to €10,294
- Financial income -€1,746
down €1,746 (-74.7%), from €2,338 to €591
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 | €155,767 | €181,506 | +€25,739 | +16.5% |
| Fixed assets | 21/28 | €1,013 | €518 | -€495 | -48.9% |
| Tangible fixed assets | 22/27 | €988 | €493 | -€495 | -50.1% |
| Plant, machinery and equipment | 23 | €603 | €301 | -€301 | -50.0% |
| Furniture and vehicles | 24 | €386 | €192 | -€194 | -50.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €154,754 | €180,988 | +€26,234 | +17.0% |
| Amounts receivable within one year | 40/41 | €7,527 | - | -€7,527 | |
| Trade receivables | 40 | €1,495 | - | -€1,495 | |
| Other amounts receivable | 41 | €6,032 | - | -€6,032 | |
| Cash at bank and in hand | 54/58 | €147,226 | €180,988 | +€33,762 | +22.9% |
| Total equity and liabilities | 10/49 | €155,767 | €181,506 | +€25,739 | +16.5% |
| Equity | 10/15 | €145,421 | €169,255 | +€23,834 | +16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €139,221 | €163,055 | +€23,834 | +17.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €137,361 | €161,195 | +€23,834 | +17.4% |
| Amounts payable | 17/49 | €10,346 | €12,251 | +€1,905 | +18.4% |
| Amounts payable within one year | 42/48 | €10,346 | €12,251 | +€1,905 | +18.4% |
| Taxes, remuneration and social security | 45 | €10,346 | €12,251 | +€1,905 | +18.4% |
| Taxes | 450/3 | €10,346 | €12,251 | +€1,905 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €622 | €495 | -€126 | -20.3% |
| Other operating charges | 640/8 | €4 | - | -€4 | |
| Gross operating margin | 9900 | €38,820 | €34,104 | -€4,716 | -12.1% |
| Operating profit (loss) | 9901 | €38,194 | €33,609 | -€4,585 | -12.0% |
| Financial income | 75/76B | €2,338 | €591 | -€1,746 | -74.7% |
| Recurring financial income | 75 | €2,338 | €591 | -€1,746 | -74.7% |
| Financial charges | 65/66B | €109 | €72 | -€38 | -34.3% |
| Recurring financial charges | 65 | €109 | €72 | -€38 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €40,422 | €34,128 | -€6,294 | -15.6% |
| Income taxes | 67/77 | €13,819 | €10,294 | -€3,525 | -25.5% |
| Profit (loss) for the period | 9904 | €26,603 | €23,834 | -€2,768 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,603 | €23,834 | -€2,768 | -10.4% |
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 2 October 2026 via checked.be.