Q.D.T.: 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.D.T.
Largest movements
- Cash +€67,135
up €67,135 (+161%), from €41,632 to €108,767
mainly Other debts (+€130,724) and Net result for the year (+€85,225)
- Receivables within one year +€12,302
up €12,302 (+48.8%), from €25,225 to €37,528
of which Trade receivables: +€12,047
- Tangible fixed assets +€3,079
up €3,079 (+11.0%), from €27,936 to €31,015
of which Furniture and vehicles: +€3,079
- Deferred charges and accrued income +€2,593
up €2,593 (+698%), from €371 to €2,964
- Financial fixed assets -€2,500
down €2,500 (-94.9%), from €2,635 to €135
- Other debts +€130,724
up €130,724 (+423%), from €30,869 to €161,593
- Reserves -€49,283
down €49,283 (-100%), from €49,283 to €0
- Accrued charges and deferred income +€5,110
new in 2025: €5,110
- Trade debts -€2,040
down €2,040 (-70.3%), from €2,902 to €862
- Tax, wage and social debts -€1,903
down €1,903 (-15.5%), from €12,246 to €10,343
of which Remuneration and social security: -€1,531
- Gross operating margin +€65,695
up €65,695 (+121%), from €54,107 to €119,802
- Taxes -€8,009
down €8,009 (-41.8%), from €19,159 to €11,149
- Other operating charges +€6,648
up €6,648 (+135%), from €4,938 to €11,586
- Depreciation +€4,184
up €4,184 (+94.6%), from €4,423 to €8,607
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.
Derived cash bridge
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 | €97,799 | €180,408 | +€82,609 | +84.5% |
| Fixed assets | 21/28 | €30,571 | €31,150 | +€579 | +1.9% |
| Tangible fixed assets | 22/27 | €27,936 | €31,015 | +€3,079 | +11.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €27,936 | €31,015 | +€3,079 | +11.0% |
| Financial fixed assets | 28 | €2,635 | €135 | -€2,500 | -94.9% |
| Current assets | 29/58 | €67,228 | €149,258 | +€82,030 | +122% |
| Amounts receivable within one year | 40/41 | €25,225 | €37,528 | +€12,302 | +48.8% |
| Trade receivables | 40 | €25,222 | €37,269 | +€12,047 | +47.8% |
| Other amounts receivable | 41 | €4 | €259 | +€255 | +6,831% |
| Cash at bank and in hand | 54/58 | €41,632 | €108,767 | +€67,135 | +161% |
| Deferred charges and accrued income | 490/1 | €371 | €2,964 | +€2,593 | +698% |
| Total equity and liabilities | 10/49 | €97,799 | €180,408 | +€82,609 | +84.5% |
| Equity | 10/15 | €51,783 | €2,500 | -€49,283 | -95.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €49,283 | €0 | -€49,283 | -100% |
| Distributable reserves | 133 | €49,283 | €0 | -€49,283 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,017 | €177,908 | +€131,892 | +287% |
| Amounts payable within one year | 42/48 | €46,017 | €172,798 | +€126,782 | +276% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €2,902 | €862 | -€2,040 | -70.3% |
| Suppliers | 440/4 | €2,902 | €862 | -€2,040 | -70.3% |
| Taxes, remuneration and social security | 45 | €12,246 | €10,343 | -€1,903 | -15.5% |
| Taxes | 450/3 | €10,714 | €10,343 | -€371 | -3.5% |
| Remuneration and social security | 454/9 | €1,531 | €0 | -€1,531 | -100% |
| Other amounts payable | 47/48 | €30,869 | €161,593 | +€130,724 | +423% |
| Accrued charges and deferred income | 492/3 | - | €5,110 | +€5,110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,423 | €8,607 | +€4,184 | +94.6% |
| Other operating charges | 640/8 | €4,938 | €11,586 | +€6,648 | +135% |
| Non-recurring operating charges | 66A | - | €3,268 | +€3,268 | |
| Gross operating margin | 9900 | €54,107 | €119,802 | +€65,695 | +121% |
| Operating profit (loss) | 9901 | €44,746 | €96,341 | +€51,595 | +115% |
| Financial income | 75/76B | €32 | €90 | +€58 | +184% |
| Recurring financial income | 75 | €32 | €90 | +€58 | +184% |
| Financial charges | 65/66B | €69 | €57 | -€12 | -16.9% |
| Recurring financial charges | 65 | €69 | €57 | -€12 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €44,709 | €96,374 | +€51,665 | +116% |
| Income taxes | 67/77 | €19,159 | €11,149 | -€8,009 | -41.8% |
| Profit (loss) for the period | 9904 | €25,550 | €85,225 | +€59,675 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €25,550 | €85,225 | +€59,675 | +234% |
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 18 October 2026 via checked.be.