QSC Holding: 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.
QSC Holding
Largest movements
- Receivables within one year +€123,118
up €123,118, from €0 to €123,118
of which Trade receivables: +€123,118
- Cash +€1,325
up €1,325 (+576%), from €230 to €1,555
mainly Net result for the year (+€78,968) and Tax, wage and social debts (+€41,189)
- Profit (loss) carried forward +€78,968
up €78,968, from -€14,209 to €64,759
- Tax, wage and social debts +€41,189
up €41,189 (+2,914%), from €1,413 to €42,603
of which Taxes: +€38,350
- Trade debts +€2,720
up €2,720 (+293%), from €927 to €3,647
- Gross operating margin +€97,613
up €97,613, from -€1,383 to €96,230
- Taxes +€16,202
new in 2025: €16,202
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 | €6,284 | €130,314 | +€124,030 | +1,974% |
| Fixed assets | 21/28 | €6,054 | €5,641 | -€413 | -6.8% |
| Tangible fixed assets | 22/27 | €1,054 | €641 | -€413 | -39.2% |
| Furniture and vehicles | 24 | €1,054 | €641 | -€413 | -39.2% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €230 | €124,673 | +€124,443 | +54,127% |
| Amounts receivable within one year | 40/41 | €0 | €123,118 | +€123,118 | |
| Trade receivables | 40 | - | €123,118 | +€123,118 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €230 | €1,555 | +€1,325 | +576% |
| Total equity and liabilities | 10/49 | €6,284 | €130,314 | +€124,030 | +1,974% |
| Equity | 10/15 | -€11,209 | €67,759 | +€78,968 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,209 | €64,759 | +€78,968 | |
| Amounts payable | 17/49 | €17,493 | €62,555 | +€45,062 | +258% |
| Amounts payable within one year | 42/48 | €17,493 | €62,555 | +€45,062 | +258% |
| Trade debts | 44 | €927 | €3,647 | +€2,720 | +293% |
| Suppliers | 440/4 | €927 | €3,647 | +€2,720 | +293% |
| Taxes, remuneration and social security | 45 | €1,413 | €42,603 | +€41,189 | +2,914% |
| Taxes | 450/3 | €744 | €39,094 | +€38,350 | +5,155% |
| Remuneration and social security | 454/9 | €670 | €3,509 | +€2,839 | +424% |
| Other amounts payable | 47/48 | €15,152 | €16,305 | +€1,152 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185 | €413 | +€228 | +123% |
| Other operating charges | 640/8 | €244 | €515 | +€272 | +111% |
| Gross operating margin | 9900 | -€1,383 | €96,230 | +€97,613 | |
| Operating profit (loss) | 9901 | -€1,812 | €95,302 | +€97,113 | |
| Financial charges | 65/66B | €168 | €131 | -€37 | -22.0% |
| Recurring financial charges | 65 | €168 | €131 | -€37 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,980 | €95,171 | +€97,150 | |
| Income taxes | 67/77 | - | €16,202 | +€16,202 | |
| Profit (loss) for the period | 9904 | -€1,980 | €78,968 | +€80,948 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,980 | €78,968 | +€80,948 |
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 14 October 2026 via checked.be.