Q-GRAFIX: 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-GRAFIX
Largest movements
- Receivables within one year +€34,567
up €34,567 (+56.9%), from €60,742 to €95,310
of which Trade receivables: +€33,283
- Cash -€25,619
down €25,619 (-82.0%), from €31,244 to €5,625
mainly Receivables within one year (-€34,567) and Other debts (-€18,577)
- Stocks and contracts -€16,492
down €16,492 (-24.0%), from €68,626 to €52,134
of which Contracts in progress: -€21,177
- Tangible fixed assets -€8,219
down €8,219 (-33.1%), from €24,808 to €16,589
- Other debts -€18,577
down €18,577 (-100%), from €18,577 to €0
- Gross operating margin -€21,828
down €21,828 (-17.7%), from €123,066 to €101,238
- Staff costs -€19,914
down €19,914 (-18.5%), from €107,497 to €87,582
- Taxes -€1,484
down €1,484 (-29.2%), from €5,079 to €3,595
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 | €187,293 | €169,992 | -€17,301 | -9.2% |
| Fixed assets | 21/28 | €24,808 | €16,589 | -€8,219 | -33.1% |
| Tangible fixed assets | 22/27 | €24,808 | €16,589 | -€8,219 | -33.1% |
| Plant, machinery and equipment | 23 | €24,808 | €16,589 | -€8,219 | -33.1% |
| Current assets | 29/58 | €162,485 | €153,403 | -€9,082 | -5.6% |
| Stocks and contracts in progress | 3 | €68,626 | €52,134 | -€16,492 | -24.0% |
| Stocks | 30/36 | €42,449 | €47,134 | +€4,685 | +11.0% |
| Contracts in progress | 37 | €26,177 | €5,000 | -€21,177 | -80.9% |
| Amounts receivable within one year | 40/41 | €60,742 | €95,310 | +€34,567 | +56.9% |
| Trade receivables | 40 | €50,520 | €83,803 | +€33,283 | +65.9% |
| Other amounts receivable | 41 | €10,222 | €11,507 | +€1,285 | +12.6% |
| Cash at bank and in hand | 54/58 | €31,244 | €5,625 | -€25,619 | -82.0% |
| Deferred charges and accrued income | 490/1 | €1,872 | €334 | -€1,538 | -82.1% |
| Total equity and liabilities | 10/49 | €187,293 | €169,992 | -€17,301 | -9.2% |
| Equity | 10/15 | €119,160 | €120,556 | +€1,396 | +1.2% |
| Contributions | 10/11 | €160,378 | €160,378 | = | 0.0% |
| Reserves | 13 | €3,093 | €3,093 | = | 0.0% |
| Distributable reserves | 133 | €3,093 | €3,093 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,311 | -€42,915 | +€1,396 | +3.2% |
| Amounts payable | 17/49 | €68,133 | €49,437 | -€18,697 | -27.4% |
| Amounts payable within one year | 42/48 | €67,783 | €49,437 | -€18,346 | -27.1% |
| Trade debts | 44 | €24,549 | €25,373 | +€825 | +3.4% |
| Suppliers | 440/4 | €24,549 | €25,373 | +€825 | +3.4% |
| Taxes, remuneration and social security | 45 | €24,657 | €24,063 | -€593 | -2.4% |
| Taxes | 450/3 | €8,770 | €10,771 | +€2,001 | +22.8% |
| Remuneration and social security | 454/9 | €15,887 | €13,292 | -€2,595 | -16.3% |
| Other amounts payable | 47/48 | €18,577 | €0 | -€18,577 | -100% |
| Accrued charges and deferred income | 492/3 | €350 | €0 | -€350 | -100% |
| Non-recurring operating income | 76A | €500 | €0 | -€500 | -100% |
| Remuneration, social security and pensions | 62 | €107,497 | €87,582 | -€19,914 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,853 | €8,975 | -€878 | -8.9% |
| Other operating charges | 640/8 | €116 | €912 | +€796 | +688% |
| Gross operating margin | 9900 | €123,066 | €101,238 | -€21,828 | -17.7% |
| Operating profit (loss) | 9901 | €5,601 | €3,769 | -€1,832 | -32.7% |
| Financial income | 75/76B | €1,892 | €1,354 | -€538 | -28.4% |
| Recurring financial income | 75 | €1,892 | €1,354 | -€538 | -28.4% |
| Financial charges | 65/66B | €572 | €132 | -€441 | -77.0% |
| Recurring financial charges | 65 | €572 | €132 | -€441 | -77.0% |
| Profit (loss) for the period before taxes | 9903 | €6,920 | €4,991 | -€1,930 | -27.9% |
| Income taxes | 67/77 | €5,079 | €3,595 | -€1,484 | -29.2% |
| Profit (loss) for the period | 9904 | €1,842 | €1,396 | -€446 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,842 | €1,396 | -€446 | -24.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.