QSSH: what changed
Two fiscal 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.
QSSH
Largest movements
- Receivables within one year +€13,145
up €13,145 (+76.1%), from €17,284 to €30,428
of which Other amounts receivable: +€11,737
- Intangible fixed assets -€10,000
down €10,000 (-15.1%), from €66,135 to €56,135
- Stocks and contracts +€5,000
new in 2025: €5,000
- Tangible fixed assets +€4,653
up €4,653 (+50.7%), from €9,187 to €13,840
- Cash -€1,900
down €1,900 (-6.9%), from €27,657 to €25,758
mainly Receivables within one year (-€13,145) and Debts after one year (-€9,438)
- Tax, wage and social debts +€20,678
up €20,678 (+98.8%), from €20,927 to €41,605
of which Remuneration and social security: +€15,468
- Debts after one year -€9,438
down €9,438 (-25.4%), from €37,161 to €27,724
- Other debts -€6,930
down €6,930 (-100.0%), from €6,930 to €0
- Profit (loss) carried forward +€4,077
up €4,077 (+46.4%), from €8,780 to €12,857
- Gross operating margin +€229,932
up €229,932, from -€16,404 to €213,529
- Staff costs +€171,687
up €171,687 (+1038.2%), from €16,537 to €188,224
- Depreciation +€8,372
up €8,372 (+210.6%), from €3,975 to €12,347
- Other operating charges +€4,896
up €4,896 (+2104.0%), from €233 to €5,129
- Financial charges +€3,676
up €3,676 (+275.7%), from €1,333 to €5,008
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.
Cash bridge derived
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 | €124,645 | €134,273 | +€9,628 | +7.7% |
| Fixed assets | 21/28 | €78,321 | €72,975 | -€5,347 | -6.8% |
| Intangible fixed assets | 21 | €66,135 | €56,135 | -€10,000 | -15.1% |
| Tangible fixed assets | 22/27 | €9,187 | €13,840 | +€4,653 | +50.7% |
| Furniture and vehicles | 24 | €9,187 | €13,840 | +€4,653 | +50.7% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €46,323 | €61,298 | +€14,975 | +32.3% |
| Stocks and contracts in progress | 3 | - | €5,000 | +€5,000 | |
| Stocks | 30/36 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €17,284 | €30,428 | +€13,145 | +76.1% |
| Trade receivables | 40 | - | €1,408 | +€1,408 | |
| Other amounts receivable | 41 | €17,284 | €29,020 | +€11,737 | +67.9% |
| Cash at bank and in hand | 54/58 | €27,657 | €25,758 | -€1,900 | -6.9% |
| Deferred charges and accrued income | 490/1 | €1,382 | €112 | -€1,270 | -91.9% |
| Total equity and liabilities | 10/49 | €124,645 | €134,273 | +€9,628 | +7.7% |
| Equity | 10/15 | €28,780 | €32,857 | +€4,077 | +14.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,780 | €12,857 | +€4,077 | +46.4% |
| Amounts payable | 17/49 | €95,864 | €101,416 | +€5,552 | +5.8% |
| Amounts payable after more than one year | 17 | €37,161 | €27,724 | -€9,438 | -25.4% |
| Financial debts | 170/4 | €37,161 | €27,724 | -€9,438 | -25.4% |
| Amounts payable within one year | 42/48 | €58,703 | €72,382 | +€13,680 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €8,956 | €9,438 | +€482 | +5.4% |
| Trade debts | 44 | €21,890 | €21,340 | -€550 | -2.5% |
| Suppliers | 440/4 | €21,890 | €21,340 | -€550 | -2.5% |
| Taxes, remuneration and social security | 45 | €20,927 | €41,605 | +€20,678 | +98.8% |
| Taxes | 450/3 | €3,817 | €9,027 | +€5,209 | +136.5% |
| Remuneration and social security | 454/9 | €17,110 | €32,578 | +€15,468 | +90.4% |
| Other amounts payable | 47/48 | €6,930 | €0 | -€6,930 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,310 | +€1,310 | |
| Remuneration, social security and pensions | 62 | €16,537 | €188,224 | +€171,687 | +1038.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,975 | €12,347 | +€8,372 | +210.6% |
| Other operating charges | 640/8 | €233 | €5,129 | +€4,896 | +2104.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€16,404 | €213,529 | +€229,932 | |
| Operating profit (loss) | 9901 | -€37,147 | €7,829 | +€44,977 | |
| Financial income | 75/76B | €223 | €1,256 | +€1,034 | +464.5% |
| Recurring financial income | 75 | €223 | €1,256 | +€1,034 | +464.5% |
| Financial charges | 65/66B | €1,333 | €5,008 | +€3,676 | +275.7% |
| Recurring financial charges | 65 | €1,333 | €5,008 | +€3,676 | +275.7% |
| Profit (loss) for the period before taxes | 9903 | -€38,258 | €4,077 | +€42,335 | |
| Profit (loss) for the period | 9904 | -€38,258 | €4,077 | +€42,335 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,258 | €4,077 | +€42,335 |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.