Q-ACT: 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.
Q-ACT
Largest movements
- Receivables within one year -€13,312
down €13,312 (-46.9%), from €28,373 to €15,061
of which Trade receivables: -€15,110
- Cash +€13,004
up €13,004 (+15.6%), from €83,480 to €96,484
mainly Net result for the year (+€79,273) and Receivables within one year (+€13,312)
- Tangible fixed assets -€3,108
down €3,108 (-50.1%), from €6,208 to €3,101
of which Furniture and vehicles: -€3,568
- Other debts -€45,574
down €45,574 (-50.3%), from €90,554 to €44,979
- Profit (loss) carried forward +€39,273
up €39,273, from €0 to €39,273
- Tax, wage and social debts +€2,354
up €2,354 (+29.2%), from €8,063 to €10,417
of which Taxes: +€2,343
- Gross operating margin +€98,775
up €98,775 (+1504.2%), from €6,567 to €105,342
- Taxes +€20,073
up €20,073 (+1777.2%), from €1,129 to €21,202
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 | €120,049 | €116,646 | -€3,402 | -2.8% |
| Fixed assets | 21/28 | €6,296 | €3,189 | -€3,108 | -49.4% |
| Tangible fixed assets | 22/27 | €6,208 | €3,101 | -€3,108 | -50.1% |
| Plant, machinery and equipment | 23 | - | €461 | +€461 | |
| Furniture and vehicles | 24 | €6,208 | €2,640 | -€3,568 | -57.5% |
| Financial fixed assets | 28 | €88 | €88 | = | 0.0% |
| Current assets | 29/58 | €113,752 | €113,458 | -€295 | -0.3% |
| Amounts receivable within one year | 40/41 | €28,373 | €15,061 | -€13,312 | -46.9% |
| Trade receivables | 40 | €24,503 | €9,393 | -€15,110 | -61.7% |
| Other amounts receivable | 41 | €3,871 | €5,668 | +€1,798 | +46.4% |
| Cash at bank and in hand | 54/58 | €83,480 | €96,484 | +€13,004 | +15.6% |
| Deferred charges and accrued income | 490/1 | €1,900 | €1,913 | +€13 | +0.7% |
| Total equity and liabilities | 10/49 | €120,049 | €116,646 | -€3,402 | -2.8% |
| Equity | 10/15 | €20,460 | €59,733 | +€39,273 | +192.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €39,273 | +€39,273 | |
| Amounts payable | 17/49 | €99,589 | €56,913 | -€42,675 | -42.9% |
| Amounts payable within one year | 42/48 | €99,589 | €56,913 | -€42,675 | -42.9% |
| Trade debts | 44 | €972 | €1,517 | +€545 | +56.1% |
| Suppliers | 440/4 | €972 | €1,517 | +€545 | +56.1% |
| Taxes, remuneration and social security | 45 | €8,063 | €10,417 | +€2,354 | +29.2% |
| Taxes | 450/3 | €5,421 | €7,764 | +€2,343 | +43.2% |
| Remuneration and social security | 454/9 | €2,642 | €2,653 | +€11 | +0.4% |
| Other amounts payable | 47/48 | €90,554 | €44,979 | -€45,574 | -50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,821 | €3,702 | -€120 | -3.1% |
| Other operating charges | 640/8 | €673 | €1,038 | +€365 | +54.3% |
| Gross operating margin | 9900 | €6,567 | €105,342 | +€98,775 | +1504.2% |
| Operating profit (loss) | 9901 | €2,073 | €100,603 | +€98,530 | +4754.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €105 | €127 | +€22 | +20.9% |
| Recurring financial charges | 65 | €105 | €127 | +€22 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €1,969 | €100,476 | +€98,507 | +5004.0% |
| Income taxes | 67/77 | €1,129 | €21,202 | +€20,073 | +1777.2% |
| Profit (loss) for the period | 9904 | €839 | €79,273 | +€78,434 | +9347.4% |
| Profit (loss) for the period to be appropriated | 9905 | €839 | €79,273 | +€78,434 | +9347.4% |
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 9 October 2026 via checked.be.