QSERVE CONSEIL: 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.
QSERVE CONSEIL
Largest movements
- Receivables within one year +€365,191
up €365,191 (+116%), from €314,881 to €680,072
of which Trade receivables: +€395,191
- Cash +€21,934
up €21,934 (+46.7%), from €47,011 to €68,945
mainly Trade debts (+€392,831) and Net result for the year (+€90,408)
- Trade debts +€392,831
up €392,831 (+318%), from €123,350 to €516,181
- Profit (loss) carried forward +€90,408
up €90,408 (+17.2%), from -€525,165 to -€434,757
- Accrued charges and deferred income -€71,422
down €71,422 (-91.3%), from €78,205 to €6,783
- Tax, wage and social debts -€23,035
down €23,035 (-28.7%), from €80,269 to €57,234
of which Remuneration and social security: -€27,139
- Gross operating margin +€114,998
up €114,998 (+16.0%), from €720,868 to €835,867
- Staff costs -€78,197
down €78,197 (-9.5%), from €818,843 to €740,646
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 | €366,575 | €752,116 | +€385,542 | +105% |
| Fixed assets | 21/28 | €3,248 | €3,099 | -€150 | -4.6% |
| Tangible fixed assets | 22/27 | €150 | €0 | -€150 | -100% |
| Furniture and vehicles | 24 | €150 | €0 | -€150 | -100% |
| Financial fixed assets | 28 | €3,099 | €3,099 | = | 0.0% |
| Current assets | 29/58 | €363,326 | €749,018 | +€385,691 | +106% |
| Amounts receivable within one year | 40/41 | €314,881 | €680,072 | +€365,191 | +116% |
| Trade receivables | 40 | €274,557 | €669,748 | +€395,191 | +144% |
| Other amounts receivable | 41 | €40,325 | €10,325 | -€30,000 | -74.4% |
| Cash at bank and in hand | 54/58 | €47,011 | €68,945 | +€21,934 | +46.7% |
| Deferred charges and accrued income | 490/1 | €1,434 | - | -€1,434 | |
| Total equity and liabilities | 10/49 | €366,575 | €752,116 | +€385,542 | +105% |
| Equity | 10/15 | -€315,167 | -€227,999 | +€87,167 | +27.7% |
| Contributions | 10/11 | €103,500 | €103,500 | = | 0.0% |
| Capital | 10 | €103,500 | €103,500 | = | 0.0% |
| Issued capital | 100 | €103,500 | €103,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€525,165 | -€434,757 | +€90,408 | +17.2% |
| Investment grants | 15 | €106,498 | €103,258 | -€3,240 | -3.0% |
| Amounts payable | 17/49 | €681,741 | €980,116 | +€298,374 | +43.8% |
| Amounts payable within one year | 42/48 | €603,537 | €973,333 | +€369,796 | +61.3% |
| Trade debts | 44 | €123,350 | €516,181 | +€392,831 | +318% |
| Suppliers | 440/4 | €123,350 | €516,181 | +€392,831 | +318% |
| Taxes, remuneration and social security | 45 | €80,269 | €57,234 | -€23,035 | -28.7% |
| Taxes | 450/3 | €12,484 | €16,589 | +€4,104 | +32.9% |
| Remuneration and social security | 454/9 | €67,784 | €40,645 | -€27,139 | -40.0% |
| Other amounts payable | 47/48 | €399,918 | €399,918 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €78,205 | €6,783 | -€71,422 | -91.3% |
| Remuneration, social security and pensions | 62 | €818,843 | €740,646 | -€78,197 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,170 | €150 | -€1,021 | -87.2% |
| Other operating charges | 640/8 | €1,412 | €400 | -€1,012 | -71.7% |
| Gross operating margin | 9900 | €720,868 | €835,867 | +€114,998 | +16.0% |
| Operating profit (loss) | 9901 | -€100,557 | €94,671 | +€195,228 | |
| Financial income | 75/76B | €141 | €2 | -€139 | -98.7% |
| Recurring financial income | 75 | €141 | €2 | -€139 | -98.7% |
| Financial charges | 65/66B | €2,271 | €3,763 | +€1,492 | +65.7% |
| Recurring financial charges | 65 | €2,271 | €3,763 | +€1,492 | +65.7% |
| Profit (loss) for the period before taxes | 9903 | -€102,686 | €90,910 | +€193,596 | |
| Income taxes | 67/77 | €513 | €503 | -€10 | -2.0% |
| Profit (loss) for the period | 9904 | -€103,199 | €90,408 | +€193,607 | |
| Profit (loss) for the period to be appropriated | 9905 | -€103,199 | €90,408 | +€193,607 |
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 28 October 2026 via checked.be.