Q-CORP: 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-CORP
Largest movements
- Tangible fixed assets +€3.5m
new in 2025: €3.5m
of which Other tangible fixed assets: +€3.3m
- Financial fixed assets +€825,180
new in 2025: €825,180
- Cash +€219,948
up €219,948 (+4399.0%), from €5,000 to €224,948
mainly Debts after one year (+€2.8m) and Other debts (+€1.7m)
- Receivables within one year +€46,759
new in 2025: €46,759
of which Trade receivables: +€26,225
- Debts after one year +€2.8m
new in 2025: €2.8m
- Other debts +€1.7m
up €1.7m (+17281680200.0%), from €0 to €1.7m
- Current portion of long-term debt +€181,987
new in 2025: €181,987
- Profit (loss) carried forward -€170,571
down €170,571 (-4804.2%), from -€3,550 to -€174,122
- Depreciation +€132,326
new in 2025: €132,326
- Financial charges +€69,214
new in 2025: €69,214
- Gross operating margin +€44,432
up €44,432, from -€3,550 to €40,882
- Other operating charges +€9,517
new in 2025: €9,517
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 | €5,000 | €4,600,094 | +€4.6m | +91901.7% |
| Fixed assets | 21/28 | - | €4,325,410 | +€4.3m | |
| Tangible fixed assets | 22/27 | - | €3,500,230 | +€3.5m | |
| Land and buildings | 22 | - | €3,023 | +€3,023 | |
| Plant, machinery and equipment | 23 | - | €139,189 | +€139,189 | |
| Furniture and vehicles | 24 | - | €33,804 | +€33,804 | |
| Other tangible fixed assets | 26 | - | €3,324,214 | +€3.3m | |
| Financial fixed assets | 28 | - | €825,180 | +€825,180 | |
| Current assets | 29/58 | €5,000 | €274,684 | +€269,684 | +5393.7% |
| Amounts receivable within one year | 40/41 | - | €46,759 | +€46,759 | |
| Trade receivables | 40 | - | €26,225 | +€26,225 | |
| Other amounts receivable | 41 | - | €20,534 | +€20,534 | |
| Cash at bank and in hand | 54/58 | €5,000 | €224,948 | +€219,948 | +4399.0% |
| Deferred charges and accrued income | 490/1 | - | €2,976 | +€2,976 | |
| Total equity and liabilities | 10/49 | €5,000 | €4,600,094 | +€4.6m | +91901.7% |
| Equity | 10/15 | €1,450 | -€169,122 | -€170,571 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,550 | -€174,122 | -€170,571 | -4804.2% |
| Amounts payable | 17/49 | €3,550 | €4,769,216 | +€4.8m | +134226.3% |
| Amounts payable after more than one year | 17 | - | €2,845,131 | +€2.8m | |
| Financial debts | 170/4 | - | €2,845,131 | +€2.8m | |
| Amounts payable within one year | 42/48 | €3,550 | €1,924,084 | +€1.9m | +54092.4% |
| Current portion of amounts payable after more than one year | 42 | - | €181,987 | +€181,987 | |
| Trade debts | 44 | €3,550 | - | -€3,550 | |
| Suppliers | 440/4 | €3,550 | - | -€3,550 | |
| Taxes, remuneration and social security | 45 | - | €13,930 | +€13,930 | |
| Taxes | 450/3 | - | €13,820 | +€13,820 | |
| Remuneration and social security | 454/9 | - | €110 | +€110 | |
| Other amounts payable | 47/48 | €0 | €1,728,168 | +€1.7m | +17281680200.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €132,326 | +€132,326 | |
| Other operating charges | 640/8 | - | €9,517 | +€9,517 | |
| Gross operating margin | 9900 | -€3,550 | €40,882 | +€44,432 | |
| Operating profit (loss) | 9901 | -€3,550 | -€100,961 | -€97,411 | -2743.6% |
| Financial charges | 65/66B | - | €69,214 | +€69,214 | |
| Recurring financial charges | 65 | - | €69,214 | +€69,214 | |
| Profit (loss) for the period before taxes | 9903 | -€3,550 | -€170,175 | -€166,625 | -4693.1% |
| Income taxes | 67/77 | - | €396 | +€396 | |
| Profit (loss) for the period | 9904 | -€3,550 | -€170,571 | -€167,021 | -4704.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,550 | -€170,571 | -€167,021 | -4704.2% |
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.