QV transport: what changed
QV transport
Largest movements
- Cash -€15,840
down €15,840 (-95.8%), from €16,538 to €698
mainly Net result for the year (-€9,902) and Current portion of long-term debt (-€7,571)
- Tangible fixed assets -€11,000
down €11,000 (-78.2%), from €14,074 to €3,074
- Receivables within one year +€3,483
up €3,483 (+19.0%), from €18,354 to €21,838
- Profit (loss) carried forward -€9,902
down €9,902 (-295%), from -€3,351 to -€13,253
- Current portion of long-term debt -€7,571
down €7,571 (-66.1%), from €11,450 to €3,879
- Other debts -€4,137
down €4,137 (-27.0%), from €15,296 to €11,159
- Debts after one year -€3,879
no longer reported in 2025 (was €3,879)
- Tax, wage and social debts +€1,633
up €1,633 (+16.9%), from €9,646 to €11,279
of which Remuneration and social security: +€1,837
- Other operating charges -€775
down €775 (-41.8%), from €1,855 to €1,079
- Gross operating margin +€756
up €756 (+30.4%), from €2,483 to €3,239
- Financial charges -€334
down €334 (-23.9%), from €1,395 to €1,061
- Depreciation -€136
down €136 (-1.2%), from €11,136 to €11,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,102 | €25,745 | -€23,357 | -47.6% |
| Fixed assets | 21/28 | €14,209 | €3,209 | -€11,000 | -77.4% |
| Tangible fixed assets | 22/27 | €14,074 | €3,074 | -€11,000 | -78.2% |
| Furniture and vehicles | 24 | €14,074 | €3,074 | -€11,000 | -78.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €34,893 | €22,536 | -€12,357 | -35.4% |
| Amounts receivable within one year | 40/41 | €18,354 | €21,838 | +€3,483 | +19.0% |
| Trade receivables | 40 | €18,354 | €21,838 | +€3,483 | +19.0% |
| Cash at bank and in hand | 54/58 | €16,538 | €698 | -€15,840 | -95.8% |
| Total equity and liabilities | 10/49 | €49,102 | €25,745 | -€23,357 | -47.6% |
| Equity | 10/15 | €4,709 | -€5,193 | -€9,902 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,351 | -€13,253 | -€9,902 | -295% |
| Amounts payable | 17/49 | €44,393 | €30,938 | -€13,455 | -30.3% |
| Amounts payable after more than one year | 17 | €3,879 | - | -€3,879 | |
| Financial debts | 170/4 | €3,879 | - | -€3,879 | |
| Amounts payable within one year | 42/48 | €40,514 | €30,938 | -€9,576 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €11,450 | €3,879 | -€7,571 | -66.1% |
| Trade debts | 44 | €4,121 | €4,621 | +€500 | +12.1% |
| Suppliers | 440/4 | €4,121 | €4,621 | +€500 | +12.1% |
| Taxes, remuneration and social security | 45 | €9,646 | €11,279 | +€1,633 | +16.9% |
| Taxes | 450/3 | €7,629 | €7,424 | -€205 | -2.7% |
| Remuneration and social security | 454/9 | €2,018 | €3,855 | +€1,837 | +91.1% |
| Other amounts payable | 47/48 | €15,296 | €11,159 | -€4,137 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,136 | €11,000 | -€136 | -1.2% |
| Other operating charges | 640/8 | €1,855 | €1,079 | -€775 | -41.8% |
| Gross operating margin | 9900 | €2,483 | €3,239 | +€756 | +30.4% |
| Operating profit (loss) | 9901 | -€10,508 | -€8,841 | +€1,668 | +15.9% |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.8% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.8% |
| Financial charges | 65/66B | €1,395 | €1,061 | -€334 | -23.9% |
| Recurring financial charges | 65 | €1,395 | €1,061 | -€334 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,893 | -€9,902 | +€1,991 | +16.7% |
| Profit (loss) for the period | 9904 | -€11,893 | -€9,902 | +€1,991 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,893 | -€9,902 | +€1,991 | +16.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.