Q-FLEET: 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-FLEET
Largest movements
- Cash +€293,176
up €293,176 (+9,056%), from €3,237 to €296,413
mainly Trade debts (+€361,440) and Other debts (+€79,200)
- Receivables within one year +€190,325
up €190,325 (+2,537%), from €7,502 to €197,827
of which Trade receivables: +€195,837
- Stocks and contracts +€34,750
up €34,750, from €0 to €34,750
- Intangible fixed assets -€15,615
down €15,615 (-65.4%), from €23,886 to €8,272
- Trade debts +€361,440
up €361,440 (+4,403%), from €8,210 to €369,650
- Other debts +€79,200
up €79,200 (+39.6%), from €200,000 to €279,200
- Tax, wage and social debts +€66,279
up €66,279, from €0 to €66,279
- Profit (loss) carried forward -€9,734
down €9,734 (-4.4%), from -€222,288 to -€232,023
- Advances received +€8,918
new in 2025: €8,918
- Gross operating margin +€15,922
up €15,922 (+962%), from €1,655 to €17,577
- Other operating charges +€2,006
up €2,006 (+296%), from €677 to €2,683
- Financial charges -€1,082
down €1,082 (-10.6%), from €10,177 to €9,095
- Depreciation -€781
down €781 (-4.8%), from €16,396 to €15,615
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 | €35,921 | €542,024 | +€506,103 | +1,409% |
| Fixed assets | 21/28 | €23,886 | €8,272 | -€15,615 | -65.4% |
| Intangible fixed assets | 21 | €23,886 | €8,272 | -€15,615 | -65.4% |
| Current assets | 29/58 | €12,035 | €533,753 | +€521,717 | +4,335% |
| Stocks and contracts in progress | 3 | €0 | €34,750 | +€34,750 | |
| Stocks | 30/36 | €0 | €34,750 | +€34,750 | |
| Amounts receivable within one year | 40/41 | €7,502 | €197,827 | +€190,325 | +2,537% |
| Trade receivables | 40 | €1,990 | €197,827 | +€195,837 | +9,841% |
| Other amounts receivable | 41 | €5,511 | €0 | -€5,511 | -100% |
| Cash at bank and in hand | 54/58 | €3,237 | €296,413 | +€293,176 | +9,056% |
| Deferred charges and accrued income | 490/1 | €1,296 | €4,762 | +€3,466 | +267% |
| Total equity and liabilities | 10/49 | €35,921 | €542,024 | +€506,103 | +1,409% |
| Equity | 10/15 | -€172,288 | -€182,023 | -€9,734 | -5.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€222,288 | -€232,023 | -€9,734 | -4.4% |
| Amounts payable | 17/49 | €208,210 | €724,047 | +€515,837 | +248% |
| Amounts payable within one year | 42/48 | €208,210 | €724,047 | +€515,837 | +248% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €8,210 | €369,650 | +€361,440 | +4,403% |
| Suppliers | 440/4 | €8,210 | €369,650 | +€361,440 | +4,403% |
| Advances received on contracts in progress | 46 | - | €8,918 | +€8,918 | |
| Taxes, remuneration and social security | 45 | €0 | €66,279 | +€66,279 | |
| Taxes | 450/3 | €0 | €66,279 | +€66,279 | |
| Other amounts payable | 47/48 | €200,000 | €279,200 | +€79,200 | +39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,396 | €15,615 | -€781 | -4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €73 | +€73 | |
| Other operating charges | 640/8 | €677 | €2,683 | +€2,006 | +296% |
| Gross operating margin | 9900 | €1,655 | €17,577 | +€15,922 | +962% |
| Operating profit (loss) | 9901 | -€15,417 | -€793 | +€14,624 | +94.9% |
| Financial income | 75/76B | €0 | €154 | +€154 | |
| Recurring financial income | 75 | €0 | €154 | +€154 | |
| Financial charges | 65/66B | €10,177 | €9,095 | -€1,082 | -10.6% |
| Recurring financial charges | 65 | €10,177 | €9,095 | -€1,082 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,594 | -€9,734 | +€15,860 | +62.0% |
| Profit (loss) for the period | 9904 | -€25,594 | -€9,734 | +€15,860 | +62.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,594 | -€9,734 | +€15,860 | +62.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.