The QDM Collection: what changed
What changed
The QDM Collection
NACE 47.920, Retail trade
filed annual accounts (NBB)
Net result for the year
€13,993
2024 · -€47,166+€61,159
Equity
€240,059
2024 · €226,066+€13,993
Cash
€0
2024 · €270-€270
Balance sheet total
€1.2m
2024 · €1.1m+€87,222
Largest movements
Assets
- Receivables within one year +€46,025
up €46,025 (+76.5%), from €60,192 to €106,217
of which Trade receivables: +€45,500
- Tangible fixed assets +€41,467
up €41,467 (+3.8%), from €1.1m to €1.1m
Equity and liabilities
- Trade debts +€41,307
up €41,307 (+43.1%), from €95,754 to €137,061
- Other debts +€29,137
up €29,137 (+3.6%), from €818,014 to €847,152
- Profit (loss) carried forward +€13,993
up €13,993 (+45.6%), from -€30,684 to -€16,692
Income statement
- Gross operating margin +€60,838
up €60,838, from -€46,254 to €14,584
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.
Result 2024
-€47,166
Gross operating margin
+€60,838
Other operating charges
-€2
Financial charges
+€200
Taxes
+€124
Result 2025
€13,993
raises the resultlowers the result
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.
From operations
+€41,197
Investment
-€41,467
Financing
€0
Cash 2024
€270
From operations (derived)
+€41,197
Net result for the year
+€13,993
Receivables within one year
-€46,025
Trade debts
+€41,307
Other debts
+€29,137
Accrued charges and deferred income
+€2,784
Investment (derived)
-€41,467
Investment in fixed assets (net)
-€41,467
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,140,570 | €1,227,792 | +€87,222 | +7.6% |
| Fixed assets | 21/28 | €1,080,107 | €1,121,575 | +€41,467 | +3.8% |
| Tangible fixed assets | 22/27 | €1,080,107 | €1,121,575 | +€41,467 | +3.8% |
| Furniture and vehicles | 24 | €1,080,107 | €1,121,575 | +€41,467 | +3.8% |
| Current assets | 29/58 | €60,463 | €106,217 | +€45,754 | +75.7% |
| Amounts receivable within one year | 40/41 | €60,192 | €106,217 | +€46,025 | +76.5% |
| Trade receivables | 40 | €60,000 | €105,500 | +€45,500 | +75.8% |
| Other amounts receivable | 41 | €192 | €717 | +€525 | +273% |
| Cash at bank and in hand | 54/58 | €270 | €0 | -€270 | -100% |
| Total equity and liabilities | 10/49 | €1,140,570 | €1,227,792 | +€87,222 | +7.6% |
| Equity | 10/15 | €226,066 | €240,059 | +€13,993 | +6.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €244,351 | €244,351 | = | 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% |
| Tax-exempt reserves | 132 | €78,491 | €78,491 | = | 0.0% |
| Distributable reserves | 133 | €164,000 | €164,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,684 | -€16,692 | +€13,993 | +45.6% |
| Amounts payable | 17/49 | €914,504 | €987,732 | +€73,229 | +8.0% |
| Amounts payable within one year | 42/48 | €913,769 | €984,213 | +€70,444 | +7.7% |
| Trade debts | 44 | €95,754 | €137,061 | +€41,307 | +43.1% |
| Suppliers | 440/4 | €95,754 | €137,061 | +€41,307 | +43.1% |
| Other amounts payable | 47/48 | €818,014 | €847,152 | +€29,137 | +3.6% |
| Accrued charges and deferred income | 492/3 | €735 | €3,520 | +€2,784 | +379% |
| Other operating charges | 640/8 | €429 | €431 | +€2 | +0.6% |
| Gross operating margin | 9900 | -€46,254 | €14,584 | +€60,838 | |
| Operating profit (loss) | 9901 | -€46,683 | €14,153 | +€60,836 | |
| Financial charges | 65/66B | €360 | €160 | -€200 | -55.5% |
| Recurring financial charges | 65 | €360 | €160 | -€200 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | -€47,042 | €13,993 | +€61,035 | |
| Income taxes | 67/77 | €124 | - | -€124 | |
| Profit (loss) for the period | 9904 | -€47,166 | €13,993 | +€61,159 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,166 | €13,993 | +€61,159 |
Next steps
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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 5 November 2026 via checked.be.