QS Supplements: 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 Supplements
Largest movements
- Cash -€10,671
down €10,671 (-46.7%), from €22,865 to €12,195
mainly Net result for the year (-€69,411) and Stocks and contracts (-€2,425)
- Intangible fixed assets -€4,948
down €4,948 (-25.5%), from €19,422 to €14,474
- Stocks and contracts +€2,425
up €2,425 (+5.2%), from €46,569 to €48,994
- Receivables within one year -€1,789
down €1,789 (-10.4%), from €17,233 to €15,444
of which Trade receivables: -€1,717
- Profit (loss) carried forward -€69,411
down €69,411 (-110.8%), from -€62,645 to -€132,056
- Trade debts +€27,599
up €27,599 (+263.9%), from €10,459 to €38,058
- Debts after one year +€14,211
up €14,211 (+13.1%), from €108,717 to €122,928
of which Financial debts: +€14,211
- Other debts +€8,589
up €8,589 (+4563.9%), from €188 to €8,777
- Accrued charges and deferred income +€2,618
up €2,618 (+139.4%), from €1,878 to €4,495
- Staff costs +€18,971
new in 2025: €18,971
- Financial charges +€2,023
up €2,023 (+72.2%), from €2,803 to €4,826
- Other operating charges +€601
up €601 (+150.5%), from €399 to €1,000
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 | €106,237 | €91,588 | -€14,648 | -13.8% |
| Fixed assets | 21/28 | €19,422 | €14,474 | -€4,948 | -25.5% |
| Intangible fixed assets | 21 | €19,422 | €14,474 | -€4,948 | -25.5% |
| Current assets | 29/58 | €86,815 | €77,114 | -€9,700 | -11.2% |
| Stocks and contracts in progress | 3 | €46,569 | €48,994 | +€2,425 | +5.2% |
| Stocks | 30/36 | €46,569 | €48,994 | +€2,425 | +5.2% |
| Amounts receivable within one year | 40/41 | €17,233 | €15,444 | -€1,789 | -10.4% |
| Trade receivables | 40 | €14,001 | €12,284 | -€1,717 | -12.3% |
| Other amounts receivable | 41 | €3,232 | €3,159 | -€73 | -2.2% |
| Cash at bank and in hand | 54/58 | €22,865 | €12,195 | -€10,671 | -46.7% |
| Deferred charges and accrued income | 490/1 | €147 | €482 | +€335 | +227.8% |
| Total equity and liabilities | 10/49 | €106,237 | €91,588 | -€14,648 | -13.8% |
| Equity | 10/15 | -€22,645 | -€92,056 | -€69,411 | -306.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,645 | -€132,056 | -€69,411 | -110.8% |
| Amounts payable | 17/49 | €128,881 | €183,644 | +€54,763 | +42.5% |
| Amounts payable after more than one year | 17 | €108,717 | €122,928 | +€14,211 | +13.1% |
| Financial debts | 170/4 | €108,717 | €122,928 | +€14,211 | +13.1% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €18,287 | €56,222 | +€37,935 | +207.4% |
| Current portion of amounts payable after more than one year | 42 | €5,508 | €5,789 | +€282 | +5.1% |
| Financial debts | 43 | €1,831 | €1,393 | -€439 | -24.0% |
| Credit institutions | 430/8 | €1,831 | €1,393 | -€439 | -24.0% |
| Trade debts | 44 | €10,459 | €38,058 | +€27,599 | +263.9% |
| Suppliers | 440/4 | €10,459 | €38,058 | +€27,599 | +263.9% |
| Taxes, remuneration and social security | 45 | €301 | €2,205 | +€1,904 | +632.4% |
| Taxes | 450/3 | €301 | €0 | -€301 | -100.0% |
| Remuneration and social security | 454/9 | - | €2,205 | +€2,205 | |
| Other amounts payable | 47/48 | €188 | €8,777 | +€8,589 | +4563.9% |
| Accrued charges and deferred income | 492/3 | €1,878 | €4,495 | +€2,618 | +139.4% |
| Remuneration, social security and pensions | 62 | - | €18,971 | +€18,971 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,553 | €4,948 | +€395 | +8.7% |
| Other operating charges | 640/8 | €399 | €1,000 | +€601 | +150.5% |
| Gross operating margin | 9900 | -€39,749 | -€39,686 | +€63 | +0.2% |
| Operating profit (loss) | 9901 | -€44,702 | -€64,605 | -€19,903 | -44.5% |
| Financial income | 75/76B | €37 | €20 | -€17 | -46.8% |
| Recurring financial income | 75 | €37 | €20 | -€17 | -46.8% |
| Financial charges | 65/66B | €2,803 | €4,826 | +€2,023 | +72.2% |
| Recurring financial charges | 65 | €2,803 | €4,826 | +€2,023 | +72.2% |
| Profit (loss) for the period before taxes | 9903 | -€47,468 | -€69,411 | -€21,943 | -46.2% |
| Profit (loss) for the period | 9904 | -€47,468 | -€69,411 | -€21,943 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,468 | -€69,411 | -€21,943 | -46.2% |
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 6 October 2026 via checked.be.