Q-GLASS: 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-GLASS
Largest movements
- Receivables within one year +€11,660
up €11,660 (+12.3%), from €94,493 to €106,153
of which Trade receivables: +€12,151
- Deferred charges and accrued income -€8,306
no longer reported in 2025 (was €8,306)
- Stocks and contracts -€7,682
down €7,682 (-47.9%), from €16,023 to €8,341
- Tax, wage and social debts -€25,050
down €25,050 (-57.2%), from €43,779 to €18,729
- Profit (loss) carried forward +€16,567
up €16,567, from -€7,861 to €8,706
- Other debts +€2,569
up €2,569 (+17.2%), from €14,896 to €17,465
- Trade debts +€1,426
up €1,426 (+11.2%), from €12,766 to €14,192
- Taxes -€9,600
down €9,600 (-64.7%), from €14,840 to €5,240
- Gross operating margin -€7,308
down €7,308 (-23.4%), from €31,290 to €23,982
- Other operating charges -€5,686
down €5,686 (-86.1%), from €6,605 to €919
- Financial charges -€3,116
down €3,116 (-61.9%), from €5,030 to €1,914
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 | €133,319 | €128,831 | -€4,488 | -3.4% |
| Fixed assets | 21/28 | €359 | €359 | = | 0.0% |
| Financial fixed assets | 28 | €359 | €359 | = | 0.0% |
| Current assets | 29/58 | €132,960 | €128,472 | -€4,488 | -3.4% |
| Stocks and contracts in progress | 3 | €16,023 | €8,341 | -€7,682 | -47.9% |
| Stocks | 30/36 | €16,023 | €8,341 | -€7,682 | -47.9% |
| Amounts receivable within one year | 40/41 | €94,493 | €106,153 | +€11,660 | +12.3% |
| Trade receivables | 40 | €72,512 | €84,663 | +€12,151 | +16.8% |
| Other amounts receivable | 41 | €21,981 | €21,490 | -€491 | -2.2% |
| Cash at bank and in hand | 54/58 | €14,138 | €13,978 | -€160 | -1.1% |
| Deferred charges and accrued income | 490/1 | €8,306 | - | -€8,306 | |
| Total equity and liabilities | 10/49 | €133,319 | €128,831 | -€4,488 | -3.4% |
| Equity | 10/15 | €61,878 | €78,445 | +€16,567 | +26.8% |
| Contributions | 10/11 | €38,573 | €38,573 | -€0 | 0.0% |
| Reserves | 13 | €31,166 | €31,166 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €3,857 | €3,857 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €3,857 | €3,857 | +€0 | 0.0% |
| Distributable reserves | 133 | €27,309 | €27,309 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€7,861 | €8,706 | +€16,567 | |
| Amounts payable | 17/49 | €71,441 | €50,386 | -€21,055 | -29.5% |
| Amounts payable within one year | 42/48 | €71,441 | €50,386 | -€21,055 | -29.5% |
| Trade debts | 44 | €12,766 | €14,192 | +€1,426 | +11.2% |
| Suppliers | 440/4 | €12,766 | €14,192 | +€1,426 | +11.2% |
| Taxes, remuneration and social security | 45 | €43,779 | €18,729 | -€25,050 | -57.2% |
| Taxes | 450/3 | €43,779 | €18,729 | -€25,050 | -57.2% |
| Other amounts payable | 47/48 | €14,896 | €17,465 | +€2,569 | +17.2% |
| Other operating charges | 640/8 | €6,605 | €919 | -€5,686 | -86.1% |
| Gross operating margin | 9900 | €31,290 | €23,982 | -€7,308 | -23.4% |
| Operating profit (loss) | 9901 | €24,685 | €23,063 | -€1,622 | -6.6% |
| Financial income | 75/76B | €353 | €658 | +€305 | +86.5% |
| Recurring financial income | 75 | €353 | €658 | +€305 | +86.5% |
| Financial charges | 65/66B | €5,030 | €1,914 | -€3,116 | -61.9% |
| Recurring financial charges | 65 | €5,030 | €1,914 | -€3,116 | -61.9% |
| Profit (loss) for the period before taxes | 9903 | €20,008 | €21,807 | +€1,799 | +9.0% |
| Income taxes | 67/77 | €14,840 | €5,240 | -€9,600 | -64.7% |
| Profit (loss) for the period | 9904 | €5,168 | €16,567 | +€11,399 | +221% |
| Profit (loss) for the period to be appropriated | 9905 | €5,168 | €16,567 | +€11,399 | +221% |
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 26 October 2026 via checked.be.