Q-dent: 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-dent
Largest movements
- Cash +€227,228
up €227,228 (+227%), from €100,302 to €327,531
mainly Net result for the year (+€1.6m) and Receivables within one year (+€165,497)
- Receivables within one year -€165,497
down €165,497 (-62.1%), from €266,694 to €101,196
of which Other amounts receivable: -€125,452
- Short-term financial debts -€1.6m
no longer reported in 2025 (was €1.6m)
- Reserves +€1.4m
up €1.4m (+61.8%), from €2.3m to €3.7m
- Tax, wage and social debts +€159,474
up €159,474 (+119%), from €133,552 to €293,026
- Financial income +€519,099
up €519,099 (+45.7%), from €1.1m to €1.7m
- Taxes +€62,495
up €62,495 (+47.6%), from €131,410 to €193,904
- Gross operating margin +€50,283
up €50,283 (+35.4%), from €142,178 to €192,461
- Financial charges -€4,221
down €4,221 (-18.2%), from €23,167 to €18,946
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 | €4,194,746 | €4,201,774 | +€7,028 | +0.2% |
| Fixed assets | 21/28 | €3,739,040 | €3,716,455 | -€22,585 | -0.6% |
| Tangible fixed assets | 22/27 | €130,083 | €107,498 | -€22,585 | -17.4% |
| Land and buildings | 22 | €113,948 | €98,487 | -€15,461 | -13.6% |
| Furniture and vehicles | 24 | €16,135 | €9,011 | -€7,124 | -44.2% |
| Financial fixed assets | 28 | €3,608,957 | €3,608,957 | = | 0.0% |
| Current assets | 29/58 | €455,706 | €485,319 | +€29,613 | +6.5% |
| Amounts receivable within one year | 40/41 | €266,694 | €101,196 | -€165,497 | -62.1% |
| Trade receivables | 40 | €77,281 | €37,235 | -€40,045 | -51.8% |
| Other amounts receivable | 41 | €189,413 | €63,961 | -€125,452 | -66.2% |
| Current investments | 50/53 | €85,858 | €53,740 | -€32,118 | -37.4% |
| Cash at bank and in hand | 54/58 | €100,302 | €327,531 | +€227,228 | +227% |
| Deferred charges and accrued income | 490/1 | €2,852 | €2,852 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,194,746 | €4,201,774 | +€7,028 | +0.2% |
| Equity | 10/15 | €2,297,337 | €3,702,104 | +€1.4m | +61.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,256,855 | €3,651,855 | +€1.4m | +61.8% |
| Distributable reserves | 133 | €2,256,855 | €3,651,855 | +€1.4m | +61.8% |
| Profit (loss) carried forward | 14 | €21,932 | €31,699 | +€9,767 | +44.5% |
| Amounts payable | 17/49 | €1,897,409 | €499,670 | -€1.4m | -73.7% |
| Amounts payable after more than one year | 17 | €141,086 | €125,803 | -€15,283 | -10.8% |
| Financial debts | 170/4 | €141,086 | €125,803 | -€15,283 | -10.8% |
| Amounts payable within one year | 42/48 | €1,745,565 | €360,777 | -€1.4m | -79.3% |
| Current portion of amounts payable after more than one year | 42 | €13,151 | €13,374 | +€222 | +1.7% |
| Financial debts | 43 | €1,550,000 | - | -€1.6m | |
| Credit institutions | 430/8 | €1,550,000 | - | -€1.6m | |
| Trade debts | 44 | €12,862 | €4,034 | -€8,828 | -68.6% |
| Suppliers | 440/4 | €12,862 | €4,034 | -€8,828 | -68.6% |
| Taxes, remuneration and social security | 45 | €133,552 | €293,026 | +€159,474 | +119% |
| Taxes | 450/3 | €133,552 | €293,026 | +€159,474 | +119% |
| Other amounts payable | 47/48 | €36,000 | €50,343 | +€14,343 | +39.8% |
| Accrued charges and deferred income | 492/3 | €10,758 | €13,090 | +€2,332 | +21.7% |
| Non-recurring operating income | 76A | €1,186 | €3,025 | +€1,839 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,962 | €22,585 | -€1,376 | -5.7% |
| Other operating charges | 640/8 | €3,369 | €2,861 | -€508 | -15.1% |
| Non-recurring operating charges | 66A | €9,614 | - | -€9,614 | |
| Gross operating margin | 9900 | €142,178 | €192,461 | +€50,283 | +35.4% |
| Operating profit (loss) | 9901 | €105,232 | €167,014 | +€61,782 | +58.7% |
| Financial income | 75/76B | €1,136,504 | €1,655,603 | +€519,099 | +45.7% |
| Recurring financial income | 75 | €1,136,504 | €1,655,603 | +€519,099 | +45.7% |
| Financial charges | 65/66B | €23,167 | €18,946 | -€4,221 | -18.2% |
| Recurring financial charges | 65 | €23,167 | €18,946 | -€4,221 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €1,218,569 | €1,803,671 | +€585,102 | +48.0% |
| Income taxes | 67/77 | €131,410 | €193,904 | +€62,495 | +47.6% |
| Profit (loss) for the period | 9904 | €1,087,159 | €1,609,767 | +€522,607 | +48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,087,159 | €1,609,767 | +€522,607 | +48.1% |
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.