Q-Fire: 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-Fire
Largest movements
- Receivables within one year -€9,361
down €9,361 (-76.8%), from €12,195 to €2,834
of which Trade receivables: -€9,156
- Tangible fixed assets -€8,096
down €8,096 (-35.7%), from €22,703 to €14,607
of which Other tangible fixed assets: -€6,147
- Cash -€3,339
down €3,339 (-87.4%), from €3,819 to €480
mainly Net result for the year (-€8,052) and Debts after one year (-€6,381)
- Stocks and contracts +€1,751
up €1,751 (+27.6%), from €6,344 to €8,095
- Profit (loss) carried forward -€8,052
down €8,052 (-150.6%), from -€5,345 to -€13,397
- Debts after one year -€6,381
down €6,381 (-92.2%), from €6,923 to €541
- Trade debts -€4,221
down €4,221 (-29.0%), from €14,574 to €10,353
- Other debts -€595
down €595 (-5.0%), from €11,925 to €11,331
- Gross operating margin -€2,546
down €2,546 (-70.3%), from €3,620 to €1,074
- Financial income -€496
no longer reported in 2025 (was €496)
- Financial charges -€249
down €249 (-33.2%), from €752 to €503
- Other operating charges -€86
down €86 (-14.0%), from €613 to €528
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 | €45,061 | €26,017 | -€19,044 | -42.3% |
| Fixed assets | 21/28 | €22,703 | €14,607 | -€8,096 | -35.7% |
| Tangible fixed assets | 22/27 | €22,703 | €14,607 | -€8,096 | -35.7% |
| Plant, machinery and equipment | 23 | €3,421 | €2,272 | -€1,149 | -33.6% |
| Furniture and vehicles | 24 | €1,936 | €1,136 | -€800 | -41.3% |
| Other tangible fixed assets | 26 | €17,346 | €11,199 | -€6,147 | -35.4% |
| Current assets | 29/58 | €22,358 | €11,409 | -€10,948 | -49.0% |
| Stocks and contracts in progress | 3 | €6,344 | €8,095 | +€1,751 | +27.6% |
| Stocks | 30/36 | €6,344 | €8,095 | +€1,751 | +27.6% |
| Amounts receivable within one year | 40/41 | €12,195 | €2,834 | -€9,361 | -76.8% |
| Trade receivables | 40 | €10,440 | €1,284 | -€9,156 | -87.7% |
| Other amounts receivable | 41 | €1,754 | €1,550 | -€204 | -11.7% |
| Cash at bank and in hand | 54/58 | €3,819 | €480 | -€3,339 | -87.4% |
| Total equity and liabilities | 10/49 | €45,061 | €26,017 | -€19,044 | -42.3% |
| Equity | 10/15 | €5,462 | -€2,589 | -€8,052 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,807 | €5,807 | = | 0.0% |
| Distributable reserves | 133 | €5,807 | €5,807 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,345 | -€13,397 | -€8,052 | -150.6% |
| Amounts payable | 17/49 | €39,598 | €28,606 | -€10,992 | -27.8% |
| Amounts payable after more than one year | 17 | €6,923 | €541 | -€6,381 | -92.2% |
| Financial debts | 170/4 | €6,923 | €541 | -€6,381 | -92.2% |
| Amounts payable within one year | 42/48 | €32,676 | €28,065 | -€4,611 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €6,176 | €6,381 | +€205 | +3.3% |
| Trade debts | 44 | €14,574 | €10,353 | -€4,221 | -29.0% |
| Suppliers | 440/4 | €14,574 | €10,353 | -€4,221 | -29.0% |
| Other amounts payable | 47/48 | €11,925 | €11,331 | -€595 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,096 | €8,096 | = | 0.0% |
| Other operating charges | 640/8 | €613 | €528 | -€86 | -14.0% |
| Gross operating margin | 9900 | €3,620 | €1,074 | -€2,546 | -70.3% |
| Operating profit (loss) | 9901 | -€5,089 | -€7,549 | -€2,460 | -48.3% |
| Financial income | 75/76B | €496 | - | -€496 | |
| Recurring financial income | 75 | €496 | - | -€496 | |
| Financial charges | 65/66B | €752 | €503 | -€249 | -33.2% |
| Recurring financial charges | 65 | €752 | €503 | -€249 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,345 | -€8,052 | -€2,707 | -50.6% |
| Profit (loss) for the period | 9904 | -€5,345 | -€8,052 | -€2,707 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,345 | -€8,052 | -€2,707 | -50.6% |
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 11 October 2026 via checked.be.