Q-Deal: 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-Deal
Largest movements
- Cash +€15,489
up €15,489 (+14.2%), from €109,229 to €124,718
mainly Net result for the year (+€55,374) and Other debts (+€21,250)
- Tangible fixed assets -€12,954
down €12,954 (-24.3%), from €53,271 to €40,317
of which Furniture and vehicles: -€17,757
- Other debts +€21,250
up €21,250 (+62.5%), from €34,000 to €55,250
- Profit (loss) carried forward -€9,626
down €9,626 (-88.0%), from €10,942 to €1,316
- Tax, wage and social debts -€8,868
down €8,868 (-27.3%), from €32,440 to €23,571
of which Taxes: -€8,868
- Gross operating margin +€7,192
up €7,192 (+8.8%), from €81,719 to €88,912
- Taxes +€1,398
up €1,398 (+10.1%), from €13,772 to €15,170
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 | €187,552 | €190,733 | +€3,182 | +1.7% |
| Fixed assets | 21/28 | €53,271 | €40,317 | -€12,954 | -24.3% |
| Tangible fixed assets | 22/27 | €53,271 | €40,317 | -€12,954 | -24.3% |
| Plant, machinery and equipment | 23 | - | €4,803 | +€4,803 | |
| Furniture and vehicles | 24 | €53,271 | €35,514 | -€17,757 | -33.3% |
| Current assets | 29/58 | €134,281 | €150,416 | +€16,135 | +12.0% |
| Stocks and contracts in progress | 3 | €3,323 | €4,149 | +€826 | +24.9% |
| Stocks | 30/36 | €3,323 | €4,149 | +€826 | +24.9% |
| Amounts receivable within one year | 40/41 | €18,076 | €17,850 | -€226 | -1.3% |
| Trade receivables | 40 | €16,428 | €16,062 | -€367 | -2.2% |
| Other amounts receivable | 41 | €1,648 | €1,788 | +€140 | +8.5% |
| Cash at bank and in hand | 54/58 | €109,229 | €124,718 | +€15,489 | +14.2% |
| Deferred charges and accrued income | 490/1 | €3,653 | €3,699 | +€47 | +1.3% |
| Total equity and liabilities | 10/49 | €187,552 | €190,733 | +€3,182 | +1.7% |
| Equity | 10/15 | €114,800 | €105,174 | -€9,626 | -8.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €98,858 | €98,858 | = | 0.0% |
| Distributable reserves | 133 | €98,858 | €98,858 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,942 | €1,316 | -€9,626 | -88.0% |
| Amounts payable | 17/49 | €72,751 | €85,559 | +€12,808 | +17.6% |
| Amounts payable within one year | 42/48 | €72,751 | €85,559 | +€12,808 | +17.6% |
| Trade debts | 44 | €6,312 | €6,738 | +€426 | +6.8% |
| Suppliers | 440/4 | €6,312 | €6,738 | +€426 | +6.8% |
| Taxes, remuneration and social security | 45 | €32,440 | €23,571 | -€8,868 | -27.3% |
| Taxes | 450/3 | €30,440 | €21,571 | -€8,868 | -29.1% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €34,000 | €55,250 | +€21,250 | +62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,757 | €18,375 | +€618 | +3.5% |
| Other operating charges | 640/8 | €954 | €878 | -€76 | -8.0% |
| Gross operating margin | 9900 | €81,719 | €88,912 | +€7,192 | +8.8% |
| Operating profit (loss) | 9901 | €63,009 | €69,659 | +€6,650 | +10.6% |
| Financial income | 75/76B | €1,401 | €1,035 | -€366 | -26.1% |
| Recurring financial income | 75 | €1,401 | €1,035 | -€366 | -26.1% |
| Financial charges | 65/66B | €139 | €150 | +€11 | +8.2% |
| Recurring financial charges | 65 | €139 | €150 | +€11 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €64,271 | €70,544 | +€6,273 | +9.8% |
| Income taxes | 67/77 | €13,772 | €15,170 | +€1,398 | +10.1% |
| Profit (loss) for the period | 9904 | €50,499 | €55,374 | +€4,875 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,499 | €55,374 | +€4,875 | +9.7% |
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 18 October 2026 via checked.be.