QVDS Consult: 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.
QVDS Consult
Largest movements
- Receivables within one year +€34,763
up €34,763 (+190%), from €18,290 to €53,053
of which Trade receivables: +€34,763
- Tangible fixed assets -€7,103
down €7,103 (-35.7%), from €19,897 to €12,794
of which Furniture and vehicles: -€6,420
- Cash +€6,571
up €6,571 (+21.7%), from €30,217 to €36,788
mainly Net result for the year (+€46,312) and Other debts (+€36,802)
- Other debts +€36,802
up €36,802 (+129%), from €28,444 to €65,246
- Profit (loss) carried forward -€13,688
down €13,688 (-69.7%), from €19,631 to €5,943
- Trade debts +€13,639
up €13,639 (+258%), from €5,291 to €18,930
- Tax, wage and social debts -€3,349
down €3,349 (-22.9%), from €14,614 to €11,265
of which Taxes: -€3,463
- Gross operating margin +€17,071
up €17,071 (+29.0%), from €58,927 to €75,999
- Depreciation +€3,279
up €3,279 (+215%), from €1,527 to €4,806
- Taxes +€3,090
up €3,090 (+28.5%), from €10,845 to €13,935
- Financial charges +€2,564
up €2,564 (+134%), from €1,914 to €4,478
- Other operating charges +€1,462
up €1,462 (+29.2%), from €5,011 to €6,474
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 | €68,980 | €102,784 | +€33,804 | +49.0% |
| Fixed assets | 21/28 | €20,047 | €12,944 | -€7,103 | -35.4% |
| Tangible fixed assets | 22/27 | €19,897 | €12,794 | -€7,103 | -35.7% |
| Plant, machinery and equipment | 23 | €1,883 | €1,200 | -€683 | -36.3% |
| Furniture and vehicles | 24 | €18,014 | €11,594 | -€6,420 | -35.6% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €48,933 | €89,840 | +€40,907 | +83.6% |
| Amounts receivable within one year | 40/41 | €18,290 | €53,053 | +€34,763 | +190% |
| Trade receivables | 40 | €15,634 | €50,397 | +€34,763 | +222% |
| Other amounts receivable | 41 | €2,655 | €2,655 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,217 | €36,788 | +€6,571 | +21.7% |
| Deferred charges and accrued income | 490/1 | €426 | €0 | -€426 | -100% |
| Total equity and liabilities | 10/49 | €68,980 | €102,784 | +€33,804 | +49.0% |
| Equity | 10/15 | €20,631 | €6,943 | -€13,688 | -66.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,631 | €5,943 | -€13,688 | -69.7% |
| Amounts payable | 17/49 | €48,349 | €95,842 | +€47,493 | +98.2% |
| Amounts payable within one year | 42/48 | €48,349 | €95,442 | +€47,093 | +97.4% |
| Trade debts | 44 | €5,291 | €18,930 | +€13,639 | +258% |
| Suppliers | 440/4 | €5,291 | €18,930 | +€13,639 | +258% |
| Taxes, remuneration and social security | 45 | €14,614 | €11,265 | -€3,349 | -22.9% |
| Taxes | 450/3 | €12,814 | €9,351 | -€3,463 | -27.0% |
| Remuneration and social security | 454/9 | €1,800 | €1,914 | +€114 | +6.3% |
| Other amounts payable | 47/48 | €28,444 | €65,246 | +€36,802 | +129% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,527 | €4,806 | +€3,279 | +215% |
| Other operating charges | 640/8 | €5,011 | €6,474 | +€1,462 | +29.2% |
| Gross operating margin | 9900 | €58,927 | €75,999 | +€17,071 | +29.0% |
| Operating profit (loss) | 9901 | €52,389 | €64,719 | +€12,330 | +23.5% |
| Financial income | 75/76B | €0 | €5 | +€5 | +49,900% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +49,900% |
| Financial charges | 65/66B | €1,914 | €4,478 | +€2,564 | +134% |
| Recurring financial charges | 65 | €1,914 | €4,478 | +€2,564 | +134% |
| Profit (loss) for the period before taxes | 9903 | €50,475 | €60,246 | +€9,771 | +19.4% |
| Income taxes | 67/77 | €10,845 | €13,935 | +€3,090 | +28.5% |
| Profit (loss) for the period | 9904 | €39,631 | €46,312 | +€6,681 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,631 | €46,312 | +€6,681 | +16.9% |
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 18 October 2026 via checked.be.