Q-force: what changed
Two fiscal 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-force
Largest movements
- Cash +€37,025
up €37,025 (+68.9%), from €53,735 to €90,761
mainly Net result for the year (+€28,710) and Receivables within one year (+€4,844)
- Receivables within one year -€4,844
down €4,844 (-10.9%), from €44,615 to €39,771
of which Trade receivables: -€5,942
- Tangible fixed assets -€1,405
down €1,405 (-36.8%), from €3,820 to €2,415
- Profit (loss) carried forward +€28,710
up €28,710 (+46.0%), from €62,474 to €91,183
- Gross operating margin +€11,139
up €11,139 (+35.5%), from €31,381 to €42,520
- Financial charges -€1,247
down €1,247 (-25.5%), from €4,900 to €3,652
- Other operating charges +€936
up €936 (+1155.9%), from €81 to €1,017
- Taxes +€829
up €829 (+11.9%), from €6,957 to €7,785
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 | €109,682 | €140,023 | +€30,341 | +27.7% |
| Fixed assets | 21/28 | €3,820 | €2,415 | -€1,405 | -36.8% |
| Tangible fixed assets | 22/27 | €3,820 | €2,415 | -€1,405 | -36.8% |
| Furniture and vehicles | 24 | €3,820 | €2,415 | -€1,405 | -36.8% |
| Current assets | 29/58 | €105,862 | €137,608 | +€31,747 | +30.0% |
| Amounts receivable within one year | 40/41 | €44,615 | €39,771 | -€4,844 | -10.9% |
| Trade receivables | 40 | €32,912 | €26,970 | -€5,942 | -18.1% |
| Other amounts receivable | 41 | €11,703 | €12,801 | +€1,098 | +9.4% |
| Cash at bank and in hand | 54/58 | €53,735 | €90,761 | +€37,025 | +68.9% |
| Deferred charges and accrued income | 490/1 | €7,511 | €7,077 | -€434 | -5.8% |
| Total equity and liabilities | 10/49 | €109,682 | €140,023 | +€30,341 | +27.7% |
| Equity | 10/15 | €62,974 | €91,683 | +€28,710 | +45.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,474 | €91,183 | +€28,710 | +46.0% |
| Amounts payable | 17/49 | €46,708 | €48,340 | +€1,632 | +3.5% |
| Amounts payable within one year | 42/48 | €44,368 | €46,202 | +€1,834 | +4.1% |
| Trade debts | 44 | €1,159 | €1,807 | +€648 | +55.9% |
| Suppliers | 440/4 | €1,159 | €1,807 | +€648 | +55.9% |
| Taxes, remuneration and social security | 45 | €12,743 | €13,239 | +€496 | +3.9% |
| Taxes | 450/3 | €12,743 | €13,239 | +€496 | +3.9% |
| Other amounts payable | 47/48 | €30,465 | €31,156 | +€691 | +2.3% |
| Accrued charges and deferred income | 492/3 | €2,340 | €2,138 | -€203 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,216 | €1,360 | +€144 | +11.9% |
| Other operating charges | 640/8 | €81 | €1,017 | +€936 | +1155.9% |
| Gross operating margin | 9900 | €31,381 | €42,520 | +€11,139 | +35.5% |
| Operating profit (loss) | 9901 | €30,085 | €40,143 | +€10,058 | +33.4% |
| Financial income | 75/76B | €5 | €5 | +€0 | +0.2% |
| Recurring financial income | 75 | €5 | €5 | +€0 | +0.2% |
| Financial charges | 65/66B | €4,900 | €3,652 | -€1,247 | -25.5% |
| Recurring financial charges | 65 | €4,900 | €3,652 | -€1,247 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €25,190 | €36,495 | +€11,305 | +44.9% |
| Income taxes | 67/77 | €6,957 | €7,785 | +€829 | +11.9% |
| Profit (loss) for the period | 9904 | €18,234 | €28,710 | +€10,476 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,234 | €28,710 | +€10,476 | +57.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.