QSB: 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.
QSB
Largest movements
- Cash -€28,966
down €28,966 (-95.5%), from €30,339 to €1,374
mainly Other debts (-€24,565) and Net result for the year (-€4,275)
- Tangible fixed assets -€3,712
down €3,712 (-53.0%), from €7,004 to €3,291
of which Plant, machinery and equipment: -€2,511
- Other debts -€24,565
down €24,565 (-51.7%), from €47,527 to €22,961
- Profit (loss) carried forward -€4,275
down €4,275 (-10.9%), from -€39,120 to -€43,395
- Trade debts -€3,009
down €3,009 (-96.5%), from €3,118 to €109
- Tax, wage and social debts -€818
no longer reported in 2025 (was €818)
- Gross operating margin -€22,779
down €22,779, from €22,713 to -€66
- Depreciation -€1,088
down €1,088 (-22.7%), from €4,800 to €3,712
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 | €37,343 | €4,675 | -€32,668 | -87.5% |
| Fixed assets | 21/28 | €7,004 | €3,291 | -€3,712 | -53.0% |
| Tangible fixed assets | 22/27 | €7,004 | €3,291 | -€3,712 | -53.0% |
| Plant, machinery and equipment | 23 | €4,388 | €1,877 | -€2,511 | -57.2% |
| Furniture and vehicles | 24 | €2,616 | €1,415 | -€1,201 | -45.9% |
| Current assets | 29/58 | €30,339 | €1,384 | -€28,956 | -95.4% |
| Amounts receivable within one year | 40/41 | - | €10 | +€10 | |
| Other amounts receivable | 41 | - | €10 | +€10 | |
| Cash at bank and in hand | 54/58 | €30,339 | €1,374 | -€28,966 | -95.5% |
| Total equity and liabilities | 10/49 | €37,343 | €4,675 | -€32,668 | -87.5% |
| Equity | 10/15 | -€14,120 | -€18,395 | -€4,275 | -30.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,120 | -€43,395 | -€4,275 | -10.9% |
| Amounts payable | 17/49 | €51,463 | €23,070 | -€28,393 | -55.2% |
| Amounts payable within one year | 42/48 | €51,463 | €23,070 | -€28,393 | -55.2% |
| Trade debts | 44 | €3,118 | €109 | -€3,009 | -96.5% |
| Suppliers | 440/4 | €3,118 | €109 | -€3,009 | -96.5% |
| Taxes, remuneration and social security | 45 | €818 | - | -€818 | |
| Taxes | 450/3 | €818 | - | -€818 | |
| Other amounts payable | 47/48 | €47,527 | €22,961 | -€24,565 | -51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,800 | €3,712 | -€1,088 | -22.7% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €22,713 | -€66 | -€22,779 | |
| Operating profit (loss) | 9901 | €17,528 | -€4,165 | -€21,693 | |
| Financial charges | 65/66B | €49 | €110 | +€61 | +124% |
| Recurring financial charges | 65 | €49 | €110 | +€61 | +124% |
| Profit (loss) for the period before taxes | 9903 | €17,479 | -€4,275 | -€21,754 | |
| Profit (loss) for the period | 9904 | €17,479 | -€4,275 | -€21,754 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,479 | -€4,275 | -€21,754 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.