CQTECH: 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.
CQTECH
Largest movements
- Receivables within one year +€71,447
up €71,447 (+38.9%), from €183,766 to €255,213
of which Trade receivables: +€65,863
- Cash -€24,819
down €24,819 (-56.6%), from €43,850 to €19,031
mainly Receivables within one year (-€71,447) and Net result for the year (-€70,185)
- Tangible fixed assets -€8,929
down €8,929 (-52.1%), from €17,138 to €8,209
of which Furniture and vehicles: -€7,737
- Tax, wage and social debts +€87,546
up €87,546 (+76.4%), from €114,652 to €202,198
of which Remuneration and social security: +€77,589
- Profit (loss) carried forward -€70,185
down €70,185 (-59.7%), from €117,499 to €47,314
- Other debts +€15,455
up €15,455 (+1232.5%), from €1,254 to €16,709
- Trade debts +€4,883
up €4,883 (+67.0%), from €7,289 to €12,172
- Staff costs +€251,690
up €251,690 (+32.5%), from €773,735 to €1.0m
- Gross operating margin +€231,417
up €231,417 (+31.4%), from €737,434 to €968,851
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 | €248,754 | €286,453 | +€37,699 | +15.2% |
| Fixed assets | 21/28 | €20,138 | €11,209 | -€8,929 | -44.3% |
| Tangible fixed assets | 22/27 | €17,138 | €8,209 | -€8,929 | -52.1% |
| Plant, machinery and equipment | 23 | €4,034 | €2,842 | -€1,192 | -29.5% |
| Furniture and vehicles | 24 | €13,104 | €5,367 | -€7,737 | -59.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €228,616 | €275,244 | +€46,628 | +20.4% |
| Amounts receivable within one year | 40/41 | €183,766 | €255,213 | +€71,447 | +38.9% |
| Trade receivables | 40 | €180,901 | €246,764 | +€65,863 | +36.4% |
| Other amounts receivable | 41 | €2,865 | €8,449 | +€5,584 | +194.9% |
| Cash at bank and in hand | 54/58 | €43,850 | €19,031 | -€24,819 | -56.6% |
| Deferred charges and accrued income | 490/1 | €1,000 | €1,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €248,754 | €286,453 | +€37,699 | +15.2% |
| Equity | 10/15 | €125,559 | €55,374 | -€70,185 | -55.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,499 | €47,314 | -€70,185 | -59.7% |
| Amounts payable | 17/49 | €123,195 | €231,079 | +€107,884 | +87.6% |
| Amounts payable within one year | 42/48 | €123,195 | €231,079 | +€107,884 | +87.6% |
| Trade debts | 44 | €7,289 | €12,172 | +€4,883 | +67.0% |
| Suppliers | 440/4 | €7,289 | €12,172 | +€4,883 | +67.0% |
| Taxes, remuneration and social security | 45 | €114,652 | €202,198 | +€87,546 | +76.4% |
| Taxes | 450/3 | €4,332 | €14,289 | +€9,957 | +229.8% |
| Remuneration and social security | 454/9 | €110,320 | €187,909 | +€77,589 | +70.3% |
| Other amounts payable | 47/48 | €1,254 | €16,709 | +€15,455 | +1232.5% |
| Remuneration, social security and pensions | 62 | €773,735 | €1,025,425 | +€251,690 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,613 | €8,928 | -€3,685 | -29.2% |
| Other operating charges | 640/8 | €9,498 | €3,272 | -€6,226 | -65.6% |
| Gross operating margin | 9900 | €737,434 | €968,851 | +€231,417 | +31.4% |
| Operating profit (loss) | 9901 | -€58,412 | -€68,774 | -€10,362 | -17.7% |
| Financial charges | 65/66B | €131 | €1,411 | +€1,280 | +977.1% |
| Recurring financial charges | 65 | €131 | €1,411 | +€1,280 | +977.1% |
| Profit (loss) for the period before taxes | 9903 | -€58,543 | -€70,185 | -€11,642 | -19.9% |
| Profit (loss) for the period | 9904 | -€58,543 | -€70,185 | -€11,642 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,543 | -€70,185 | -€11,642 | -19.9% |
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 8 October 2026 via checked.be.