Q-Building: 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.
What changed
Q-Building
NACE 43.990, Other specialised construction activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€153,292
2024 · €62,960-€216,252
Equity
€708,200
2024 · €861,492-€153,292
Cash
€2,576
2024 · €48,433-€45,857
Balance sheet total
€5.9m
2024 · €7.1m-€1.1m
Largest movements
Assets
- Receivables within one year -€1.6m
down €1.6m (-27.4%), from €5.7m to €4.1m
of which Trade receivables: -€2.0m
- Stocks and contracts +€288,529
up €288,529 (+24.7%), from €1.2m to €1.5m
of which Contracts in progress: +€432,308
- Tangible fixed assets +€146,916
up €146,916 (+89.3%), from €164,514 to €311,430
of which Plant, machinery and equipment: +€158,437
Equity and liabilities
- Trade debts -€1.1m
down €1.1m (-22.1%), from €4.9m to €3.8m
- Profit (loss) carried forward -€153,292
new in 2025: -€153,292
- Debts after one year +€75,310
up €75,310 (+170.8%), from €44,103 to €119,413
Income statement
- Turnover +€2.7m
up €2.7m (+17.1%), from €15.5m to €18.2m
- Goods and materials +€2.6m
up €2.6m (+21.6%), from €12.2m to €14.8m
of which Purchases: +€2.7m
- Services and other goods +€408,796
up €408,796 (+18.4%), from €2.2m to €2.6m
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.
Result 2024
€62,960
Turnover
+€2.7m
Other operating income
-€13,141
Goods and materials
-€2.6m
Services and other goods
-€408,796
Staff costs
+€55,388
Depreciation
-€9,588
Other operating charges
-€5,016
Other operating items
+€120,891
Financial income
-€10,061
Financial charges
-€17,109
Taxes
+€39,401
Result 2025
-€153,292
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.
From operations
+€20,256
Investment
-€180,157
Financing
+€114,043
Cash 2024
€48,433
From operations (derived)
+€20,256
Net result for the year
-€153,292
Depreciation
+€33,241
Stocks and contracts
-€288,529
Receivables within one year
+€1.6m
Deferred charges and accrued income
-€48,603
Trade debts
-€1.1m
Tax, wage and social debts
-€5,966
Other debts
+€5,632
Accrued charges and deferred income
-€5,400
Investment (derived)
-€180,157
Investment in fixed assets (net)
-€180,157
Financing
+€114,043
Debts after one year
+€75,310
Current portion of long-term debt
+€38,733
Cash 2025
€2,576
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,065,568 | €5,948,437 | -€1.1m | -15.8% |
| Fixed assets | 21/28 | €164,514 | €311,430 | +€146,916 | +89.3% |
| Tangible fixed assets | 22/27 | €164,514 | €311,430 | +€146,916 | +89.3% |
| Plant, machinery and equipment | 23 | €98,605 | €257,043 | +€158,437 | +160.7% |
| Furniture and vehicles | 24 | €11,249 | €7,108 | -€4,141 | -36.8% |
| Other tangible fixed assets | 26 | €54,660 | €47,280 | -€7,380 | -13.5% |
| Current assets | 29/58 | €6,901,054 | €5,637,007 | -€1.3m | -18.3% |
| Stocks and contracts in progress | 3 | €1,168,504 | €1,457,032 | +€288,529 | +24.7% |
| Stocks | 30/36 | €716,047 | €572,267 | -€143,780 | -20.1% |
| Goods purchased for resale | 34 | €716,047 | €572,267 | -€143,780 | -20.1% |
| Property held for sale | 35 | - | €0 | = | |
| Contracts in progress | 37 | €452,456 | €884,765 | +€432,308 | +95.5% |
| Amounts receivable within one year | 40/41 | €5,673,870 | €4,118,549 | -€1.6m | -27.4% |
| Trade receivables | 40 | €3,954,655 | €1,964,243 | -€2.0m | -50.3% |
| Other amounts receivable | 41 | €1,719,215 | €2,154,306 | +€435,091 | +25.3% |
| Cash at bank and in hand | 54/58 | €48,433 | €2,576 | -€45,857 | -94.7% |
| Deferred charges and accrued income | 490/1 | €10,247 | €58,849 | +€48,603 | +474.3% |
| Total equity and liabilities | 10/49 | €7,065,568 | €5,948,437 | -€1.1m | -15.8% |
| Equity | 10/15 | €861,492 | €708,200 | -€153,292 | -17.8% |
| Contributions | 10/11 | €488,145 | €488,145 | = | 0.0% |
| Reserves | 13 | €373,347 | €373,347 | = | 0.0% |
| Distributable reserves | 133 | €373,347 | €373,347 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€153,292 | -€153,292 | |
| Amounts payable | 17/49 | €6,204,075 | €5,240,237 | -€963,839 | -15.5% |
| Amounts payable after more than one year | 17 | €44,103 | €119,413 | +€75,310 | +170.8% |
| Financial debts | 170/4 | €44,103 | €119,413 | +€75,310 | +170.8% |
| Credit institutions | 173 | €44,103 | €119,413 | +€75,310 | +170.8% |
| Amounts payable within one year | 42/48 | €6,154,572 | €5,120,824 | -€1.0m | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €76,740 | €115,474 | +€38,733 | +50.5% |
| Financial debts | 43 | €1,100,000 | €1,100,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,100,000 | €1,100,000 | = | 0.0% |
| Trade debts | 44 | €4,852,235 | €3,780,086 | -€1.1m | -22.1% |
| Suppliers | 440/4 | €4,852,235 | €3,780,086 | -€1.1m | -22.1% |
| Taxes, remuneration and social security | 45 | €82,224 | €76,259 | -€5,966 | -7.3% |
| Taxes | 450/3 | €26,175 | €993 | -€25,182 | -96.2% |
| Remuneration and social security | 454/9 | €56,050 | €75,266 | +€19,216 | +34.3% |
| Other amounts payable | 47/48 | €43,373 | €49,005 | +€5,632 | +13.0% |
| Accrued charges and deferred income | 492/3 | €5,400 | €0 | -€5,400 | -100.0% |
| Operating income | 70/76A | €15,714,329 | €18,587,318 | +€2.9m | +18.3% |
| Turnover | 70 | €15,496,666 | €18,151,595 | +€2.7m | +17.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €201,108 | €432,308 | +€231,200 | +115.0% |
| Other operating income | 74 | €16,556 | €3,415 | -€13,141 | -79.4% |
| Operating charges | 60/66A | €15,552,808 | €18,654,280 | +€3.1m | +19.9% |
| Goods for resale, raw materials and consumables | 60 | €12,161,077 | €14,784,228 | +€2.6m | +21.6% |
| Purchases | 600/8 | €12,135,575 | €14,875,057 | +€2.7m | +22.6% |
| Change in stocks: decrease (increase) | 609 | €25,502 | -€90,829 | -€116,331 | |
| Services and other goods | 61 | €2,223,607 | €2,632,402 | +€408,796 | +18.4% |
| Remuneration, social security and pensions | 62 | €1,110,088 | €1,054,700 | -€55,388 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,652 | €33,241 | +€9,588 | +40.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €0 | €5,016 | +€5,016 | |
| Non-recurring operating charges | 66A | €34,383 | €144,692 | +€110,309 | +320.8% |
| Operating profit (loss) | 9901 | €161,522 | -€66,962 | -€228,484 | |
| Financial income | 75/76B | €37,268 | €27,207 | -€10,061 | -27.0% |
| Recurring financial income | 75 | €37,268 | €27,207 | -€10,061 | -27.0% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €37,268 | €27,207 | -€10,061 | -27.0% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €96,428 | €113,537 | +€17,109 | +17.7% |
| Recurring financial charges | 65 | €96,428 | €113,537 | +€17,109 | +17.7% |
| Debt charges | 650 | €77,483 | €95,705 | +€18,222 | +23.5% |
| Other financial charges | 652/9 | €18,945 | €17,832 | -€1,113 | -5.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €102,361 | -€153,292 | -€255,653 | |
| Income taxes | 67/77 | €39,401 | €0 | -€39,401 | -100.0% |
| Taxes | 670/3 | €39,401 | €0 | -€39,401 | -100.0% |
| Profit (loss) for the period | 9904 | €62,960 | -€153,292 | -€216,252 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,960 | -€153,292 | -€216,252 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.