QSCS: 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.
QSCS
Largest movements
- Receivables within one year +€37,710
up €37,710 (+28.6%), from €131,671 to €169,381
of which Trade receivables: +€31,922
- Cash +€5,929
up €5,929 (+844%), from €702 to €6,631
mainly Trade debts (+€46,061) and Other debts (+€15,000)
- Trade debts +€46,061
up €46,061 (+3,671%), from €1,255 to €47,316
- Other debts +€15,000
up €15,000 (+100%), from €14,978 to €29,978
- Tax, wage and social debts -€12,624
down €12,624 (-44.9%), from €28,087 to €15,463
- Profit (loss) carried forward -€5,182
down €5,182 (-2.8%), from €185,986 to €180,805
- Taxes +€55,463
up €55,463, from -€12,241 to €43,221
- Gross operating margin -€6,479
down €6,479 (-16.1%), from €40,287 to €33,808
- Financial income +€3,042
up €3,042 (+164%), from €1,856 to €4,898
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 | €238,307 | €281,562 | +€43,256 | +18.2% |
| Fixed assets | 21/28 | €105,934 | €105,550 | -€383 | -0.4% |
| Tangible fixed assets | 22/27 | €684 | €300 | -€383 | -56.1% |
| Plant, machinery and equipment | 23 | €684 | €300 | -€383 | -56.1% |
| Financial fixed assets | 28 | €105,250 | €105,250 | = | 0.0% |
| Current assets | 29/58 | €132,373 | €176,012 | +€43,639 | +33.0% |
| Amounts receivable within one year | 40/41 | €131,671 | €169,381 | +€37,710 | +28.6% |
| Trade receivables | 40 | €54,450 | €86,372 | +€31,922 | +58.6% |
| Other amounts receivable | 41 | €77,221 | €83,009 | +€5,788 | +7.5% |
| Cash at bank and in hand | 54/58 | €702 | €6,631 | +€5,929 | +844% |
| Total equity and liabilities | 10/49 | €238,307 | €281,562 | +€43,256 | +18.2% |
| Equity | 10/15 | €193,986 | €188,805 | -€5,182 | -2.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,986 | €180,805 | -€5,182 | -2.8% |
| Amounts payable | 17/49 | €44,320 | €92,758 | +€48,437 | +109% |
| Amounts payable within one year | 42/48 | €44,320 | €92,758 | +€48,437 | +109% |
| Trade debts | 44 | €1,255 | €47,316 | +€46,061 | +3,671% |
| Suppliers | 440/4 | €1,255 | €47,316 | +€46,061 | +3,671% |
| Taxes, remuneration and social security | 45 | €28,087 | €15,463 | -€12,624 | -44.9% |
| Taxes | 450/3 | €28,087 | €15,463 | -€12,624 | -44.9% |
| Other amounts payable | 47/48 | €14,978 | €29,978 | +€15,000 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €383 | €383 | = | 0.0% |
| Other operating charges | 640/8 | €251 | €210 | -€41 | -16.2% |
| Gross operating margin | 9900 | €40,287 | €33,808 | -€6,479 | -16.1% |
| Operating profit (loss) | 9901 | €39,653 | €33,215 | -€6,438 | -16.2% |
| Financial income | 75/76B | €1,856 | €4,898 | +€3,042 | +164% |
| Recurring financial income | 75 | €1,856 | €4,898 | +€3,042 | +164% |
| Financial charges | 65/66B | €69 | €74 | +€4 | +6.5% |
| Recurring financial charges | 65 | €69 | €74 | +€4 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €41,440 | €38,040 | -€3,401 | -8.2% |
| Income taxes | 67/77 | -€12,241 | €43,221 | +€55,463 | |
| Profit (loss) for the period | 9904 | €53,682 | -€5,182 | -€58,863 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,682 | -€5,182 | -€58,863 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.