WQCS: 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.
WQCS
Largest movements
- Cash +€41,521
up €41,521 (+97.1%), from €42,754 to €84,275
mainly Net result for the year (+€23,402) and Depreciation (+€19,928)
- Tangible fixed assets -€19,928
down €19,928 (-27.1%), from €73,664 to €53,737
of which Land and buildings: -€18,366
- Receivables within one year -€9,706
down €9,706 (-20.6%), from €47,156 to €37,450
of which Trade receivables: -€27,488
- Reserves +€14,800
up €14,800 (+17.5%), from €84,490 to €99,290
- Trade debts -€11,074
down €11,074 (-100.0%), from €11,074 to €0
- Tax, wage and social debts +€8,168
up €8,168 (+61.0%), from €13,383 to €21,551
of which Taxes: +€9,332
- Gross operating margin +€14,710
up €14,710 (+37.0%), from €39,804 to €54,514
- Taxes +€4,286
up €4,286 (+87.2%), from €4,914 to €9,200
- Financial charges -€674
down €674, from €265 to -€409
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 | €163,903 | €175,790 | +€11,887 | +7.3% |
| Fixed assets | 21/28 | €73,664 | €53,737 | -€19,928 | -27.1% |
| Tangible fixed assets | 22/27 | €73,664 | €53,737 | -€19,928 | -27.1% |
| Land and buildings | 22 | €70,817 | €52,451 | -€18,366 | -25.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €2,848 | €1,286 | -€1,562 | -54.8% |
| Current assets | 29/58 | €90,239 | €122,054 | +€31,815 | +35.3% |
| Amounts receivable within one year | 40/41 | €47,156 | €37,450 | -€9,706 | -20.6% |
| Trade receivables | 40 | €40,392 | €12,905 | -€27,488 | -68.1% |
| Other amounts receivable | 41 | €6,764 | €24,545 | +€17,781 | +262.9% |
| Cash at bank and in hand | 54/58 | €42,754 | €84,275 | +€41,521 | +97.1% |
| Deferred charges and accrued income | 490/1 | €329 | €329 | = | 0.0% |
| Total equity and liabilities | 10/49 | €163,903 | €175,790 | +€11,887 | +7.3% |
| Equity | 10/15 | €139,338 | €154,239 | +€14,902 | +10.7% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €84,490 | €99,290 | +€14,800 | +17.5% |
| Distributable reserves | 133 | €84,490 | €99,290 | +€14,800 | +17.5% |
| Profit (loss) carried forward | 14 | €32,848 | €32,949 | +€102 | +0.3% |
| Amounts payable | 17/49 | €24,565 | €21,551 | -€3,015 | -12.3% |
| Amounts payable within one year | 42/48 | €24,565 | €21,551 | -€3,015 | -12.3% |
| Trade debts | 44 | €11,074 | €0 | -€11,074 | -100.0% |
| Suppliers | 440/4 | €11,074 | €0 | -€11,074 | -100.0% |
| Taxes, remuneration and social security | 45 | €13,383 | €21,551 | +€8,168 | +61.0% |
| Taxes | 450/3 | €12,219 | €21,551 | +€9,332 | +76.4% |
| Remuneration and social security | 454/9 | €1,164 | - | -€1,164 | |
| Other amounts payable | 47/48 | €108 | €0 | -€108 | -100.0% |
| Remuneration, social security and pensions | 62 | €269 | €445 | +€176 | +65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,928 | €19,928 | = | 0.0% |
| Other operating charges | 640/8 | €1,931 | €1,949 | +€18 | +0.9% |
| Gross operating margin | 9900 | €39,804 | €54,514 | +€14,710 | +37.0% |
| Operating profit (loss) | 9901 | €17,677 | €32,193 | +€14,516 | +82.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €265 | -€409 | -€674 | |
| Recurring financial charges | 65 | €265 | -€409 | -€674 | |
| Profit (loss) for the period before taxes | 9903 | €17,412 | €32,602 | +€15,190 | +87.2% |
| Income taxes | 67/77 | €4,914 | €9,200 | +€4,286 | +87.2% |
| Profit (loss) for the period | 9904 | €12,497 | €23,402 | +€10,904 | +87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,497 | €23,402 | +€10,904 | +87.3% |
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 7 October 2026 via checked.be.