Q-gtd: 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-gtd
Largest movements
- Cash +€57,015
up €57,015 (+39.6%), from €144,094 to €201,109
mainly Net result for the year (+€67,480) and Receivables within one year (+€41,944)
- Receivables within one year -€41,944
down €41,944 (-79.9%), from €52,469 to €10,525
of which Trade receivables: -€39,736
- Tangible fixed assets -€16,948
down €16,948 (-32.1%), from €52,809 to €35,861
of which Furniture and vehicles: -€15,780
- Deferred charges and accrued income -€3,242
down €3,242 (-60.4%), from €5,369 to €2,127
- Profit (loss) carried forward +€67,480
up €67,480 (+52.3%), from €129,130 to €196,610
- Other debts -€59,704
down €59,704 (-85.3%), from €70,000 to €10,296
- Tax, wage and social debts -€11,061
down €11,061 (-37.7%), from €29,302 to €18,241
- Gross operating margin -€43,904
down €43,904 (-28.0%), from €157,076 to €113,172
- Taxes -€12,032
down €12,032 (-30.6%), from €39,278 to €27,246
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 | €254,742 | €249,623 | -€5,119 | -2.0% |
| Fixed assets | 21/28 | €52,809 | €35,861 | -€16,948 | -32.1% |
| Tangible fixed assets | 22/27 | €52,809 | €35,861 | -€16,948 | -32.1% |
| Plant, machinery and equipment | 23 | €1,722 | €1,404 | -€318 | -18.5% |
| Furniture and vehicles | 24 | €44,362 | €28,582 | -€15,780 | -35.6% |
| Other tangible fixed assets | 26 | €6,725 | €5,875 | -€850 | -12.6% |
| Current assets | 29/58 | €201,933 | €213,762 | +€11,829 | +5.9% |
| Amounts receivable within one year | 40/41 | €52,469 | €10,525 | -€41,944 | -79.9% |
| Trade receivables | 40 | €42,434 | €2,698 | -€39,736 | -93.6% |
| Other amounts receivable | 41 | €10,035 | €7,827 | -€2,208 | -22.0% |
| Cash at bank and in hand | 54/58 | €144,094 | €201,109 | +€57,015 | +39.6% |
| Deferred charges and accrued income | 490/1 | €5,369 | €2,127 | -€3,242 | -60.4% |
| Total equity and liabilities | 10/49 | €254,742 | €249,623 | -€5,119 | -2.0% |
| Equity | 10/15 | €149,590 | €217,070 | +€67,480 | +45.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,130 | €196,610 | +€67,480 | +52.3% |
| Amounts payable | 17/49 | €105,152 | €32,553 | -€72,599 | -69.0% |
| Amounts payable within one year | 42/48 | €105,152 | €32,553 | -€72,599 | -69.0% |
| Trade debts | 44 | €5,849 | €4,016 | -€1,833 | -31.3% |
| Suppliers | 440/4 | €5,849 | €4,016 | -€1,833 | -31.3% |
| Taxes, remuneration and social security | 45 | €29,302 | €18,241 | -€11,061 | -37.7% |
| Taxes | 450/3 | €29,302 | €18,241 | -€11,061 | -37.7% |
| Other amounts payable | 47/48 | €70,000 | €10,296 | -€59,704 | -85.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,948 | €16,948 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,674 | €1,426 | -€248 | -14.8% |
| Gross operating margin | 9900 | €157,076 | €113,172 | -€43,904 | -28.0% |
| Operating profit (loss) | 9901 | €138,454 | €94,798 | -€43,656 | -31.5% |
| Financial charges | 65/66B | €203 | €72 | -€131 | -64.5% |
| Recurring financial charges | 65 | €203 | €72 | -€131 | -64.5% |
| Profit (loss) for the period before taxes | 9903 | €138,252 | €94,726 | -€43,526 | -31.5% |
| Income taxes | 67/77 | €39,278 | €27,246 | -€12,032 | -30.6% |
| Profit (loss) for the period | 9904 | €98,973 | €67,480 | -€31,494 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €98,973 | €67,480 | -€31,494 | -31.8% |
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 20 October 2026 via checked.be.