Qsea Bedding: 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.
Qsea Bedding
Largest movements
- Tangible fixed assets -€123,925
down €123,925 (-15.5%), from €799,457 to €675,532
of which Leasing and similar rights: -€95,510
- Cash -€31,031
down €31,031 (-30.7%), from €101,179 to €70,148
mainly Trade debts (-€138,607) and Debts after one year (-€112,179)
- Stocks and contracts +€21,929
up €21,929 (+56.4%), from €38,883 to €60,812
- Receivables within one year -€16,026
down €16,026 (-10.6%), from €151,486 to €135,461
of which Trade receivables: -€18,612
- Trade debts -€138,607
down €138,607 (-71.3%), from €194,424 to €55,817
- Debts after one year -€112,179
down €112,179 (-29.9%), from €374,634 to €262,456
- Profit (loss) carried forward +€104,661
up €104,661 (+33.4%), from -€313,506 to -€208,846
- Other debts -€11,742
down €11,742 (-10.0%), from €117,188 to €105,446
- Gross operating margin -€594,226
down €594,226 (-70.3%), from €845,433 to €251,207
- Other operating charges -€151,888
down €151,888 (-99.0%), from €153,485 to €1,598
- Staff costs -€18,413
down €18,413 (-100%), from €18,413 to €0
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 | €1,091,005 | €941,952 | -€149,053 | -13.7% |
| Fixed assets | 21/28 | €799,457 | €675,532 | -€123,925 | -15.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €799,457 | €675,532 | -€123,925 | -15.5% |
| Plant, machinery and equipment | 23 | €98,463 | €71,963 | -€26,500 | -26.9% |
| Furniture and vehicles | 24 | €1,914 | €0 | -€1,914 | -100% |
| Leasing and similar rights | 25 | €699,079 | €603,570 | -€95,510 | -13.7% |
| Current assets | 29/58 | €291,548 | €266,420 | -€25,128 | -8.6% |
| Stocks and contracts in progress | 3 | €38,883 | €60,812 | +€21,929 | +56.4% |
| Stocks | 30/36 | €38,883 | €60,812 | +€21,929 | +56.4% |
| Amounts receivable within one year | 40/41 | €151,486 | €135,461 | -€16,026 | -10.6% |
| Trade receivables | 40 | €124,782 | €106,169 | -€18,612 | -14.9% |
| Other amounts receivable | 41 | €26,705 | €29,291 | +€2,587 | +9.7% |
| Cash at bank and in hand | 54/58 | €101,179 | €70,148 | -€31,031 | -30.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,091,005 | €941,952 | -€149,053 | -13.7% |
| Equity | 10/15 | €292,043 | €396,703 | +€104,661 | +35.8% |
| Contributions | 10/11 | €595,200 | €595,200 | = | 0.0% |
| Reserves | 13 | €10,349 | €10,349 | = | 0.0% |
| Distributable reserves | 133 | €10,349 | €10,349 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€313,506 | -€208,846 | +€104,661 | +33.4% |
| Amounts payable | 17/49 | €798,962 | €545,249 | -€253,713 | -31.8% |
| Amounts payable after more than one year | 17 | €374,634 | €262,456 | -€112,179 | -29.9% |
| Financial debts | 170/4 | €374,634 | €262,456 | -€112,179 | -29.9% |
| Amounts payable within one year | 42/48 | €422,301 | €273,442 | -€148,860 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €109,521 | €112,179 | +€2,658 | +2.4% |
| Trade debts | 44 | €194,424 | €55,817 | -€138,607 | -71.3% |
| Suppliers | 440/4 | €194,424 | €55,817 | -€138,607 | -71.3% |
| Taxes, remuneration and social security | 45 | €1,168 | €0 | -€1,168 | -100% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €1,168 | €0 | -€1,168 | -100% |
| Other amounts payable | 47/48 | €117,188 | €105,446 | -€11,742 | -10.0% |
| Accrued charges and deferred income | 492/3 | €2,027 | €9,352 | +€7,325 | +361% |
| Non-recurring operating income | 76A | €1,064,590 | €3,286 | -€1.1m | -99.7% |
| Remuneration, social security and pensions | 62 | €18,413 | €0 | -€18,413 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,342 | €126,690 | -€652 | -0.5% |
| Other operating charges | 640/8 | €153,485 | €1,598 | -€151,888 | -99.0% |
| Gross operating margin | 9900 | €845,433 | €251,207 | -€594,226 | -70.3% |
| Operating profit (loss) | 9901 | €546,193 | €122,919 | -€423,273 | -77.5% |
| Financial income | 75/76B | €499 | €0 | -€499 | -100% |
| Recurring financial income | 75 | €499 | €0 | -€499 | -100% |
| Financial charges | 65/66B | €16,211 | €18,259 | +€2,048 | +12.6% |
| Recurring financial charges | 65 | €16,211 | €18,259 | +€2,048 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €530,480 | €104,661 | -€425,819 | -80.3% |
| Profit (loss) for the period | 9904 | €530,480 | €104,661 | -€425,819 | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €530,480 | €104,661 | -€425,819 | -80.3% |
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 30 October 2026 via checked.be.