Q-HOME: 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-HOME
Largest movements
- Receivables within one year +€57,120
up €57,120 (+49.0%), from €116,597 to €173,718
of which Trade receivables: +€64,269
- Stocks and contracts +€41,445
up €41,445 (+341%), from €12,139 to €53,584
- Tangible fixed assets +€16,203
up €16,203 (+35.3%), from €45,877 to €62,080
of which Other tangible fixed assets: +€16,568
- Cash +€6,606
up €6,606 (+40.8%), from €16,205 to €22,811
mainly Net result for the year (+€68,313) and Trade debts (+€43,376)
- Profit (loss) carried forward +€68,313
up €68,313 (+332%), from €20,601 to €88,914
- Trade debts +€43,376
up €43,376 (+82.3%), from €52,713 to €96,089
- Other debts -€19,741
down €19,741 (-92.0%), from €21,448 to €1,707
- Accrued charges and deferred income +€18,142
up €18,142 (+2,838%), from €639 to €18,781
- Tax, wage and social debts +€8,686
up €8,686 (+12.8%), from €68,100 to €76,786
of which Remuneration and social security: +€9,676
- Staff costs +€54,552
up €54,552 (+183%), from €29,824 to €84,376
- Gross operating margin +€17,037
up €17,037 (+9.5%), from €179,434 to €196,471
- Depreciation -€3,045
down €3,045 (-15.6%), from €19,569 to €16,524
- Other operating charges -€2,734
down €2,734 (-52.5%), from €5,206 to €2,472
- Financial charges -€2,676
down €2,676 (-61.6%), from €4,347 to €1,671
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 | €211,551 | €330,402 | +€118,851 | +56.2% |
| Fixed assets | 21/28 | €59,112 | €75,515 | +€16,403 | +27.7% |
| Tangible fixed assets | 22/27 | €45,877 | €62,080 | +€16,203 | +35.3% |
| Furniture and vehicles | 24 | €1,336 | €971 | -€365 | -27.3% |
| Other tangible fixed assets | 26 | €44,541 | €61,109 | +€16,568 | +37.2% |
| Financial fixed assets | 28 | €13,235 | €13,435 | +€200 | +1.5% |
| Current assets | 29/58 | €152,439 | €254,887 | +€102,448 | +67.2% |
| Stocks and contracts in progress | 3 | €12,139 | €53,584 | +€41,445 | +341% |
| Stocks | 30/36 | €12,139 | €53,584 | +€41,445 | +341% |
| Amounts receivable within one year | 40/41 | €116,597 | €173,718 | +€57,120 | +49.0% |
| Trade receivables | 40 | €106,731 | €171,000 | +€64,269 | +60.2% |
| Other amounts receivable | 41 | €9,867 | €2,717 | -€7,149 | -72.5% |
| Cash at bank and in hand | 54/58 | €16,205 | €22,811 | +€6,606 | +40.8% |
| Deferred charges and accrued income | 490/1 | €7,497 | €4,774 | -€2,723 | -36.3% |
| Total equity and liabilities | 10/49 | €211,551 | €330,402 | +€118,851 | +56.2% |
| Equity | 10/15 | €35,601 | €103,914 | +€68,313 | +192% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,601 | €88,914 | +€68,313 | +332% |
| Amounts payable | 17/49 | €175,949 | €226,488 | +€50,539 | +28.7% |
| Amounts payable after more than one year | 17 | €33,000 | €33,000 | = | 0.0% |
| Financial debts | 170/4 | €33,000 | €33,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €142,310 | €174,707 | +€32,397 | +22.8% |
| Financial debts | 43 | €49 | €125 | +€76 | +154% |
| Credit institutions | 430/8 | €49 | €125 | +€76 | +154% |
| Trade debts | 44 | €52,713 | €96,089 | +€43,376 | +82.3% |
| Suppliers | 440/4 | €52,713 | €96,089 | +€43,376 | +82.3% |
| Taxes, remuneration and social security | 45 | €68,100 | €76,786 | +€8,686 | +12.8% |
| Taxes | 450/3 | €65,796 | €64,806 | -€990 | -1.5% |
| Remuneration and social security | 454/9 | €2,304 | €11,980 | +€9,676 | +420% |
| Other amounts payable | 47/48 | €21,448 | €1,707 | -€19,741 | -92.0% |
| Accrued charges and deferred income | 492/3 | €639 | €18,781 | +€18,142 | +2,838% |
| Remuneration, social security and pensions | 62 | €29,824 | €84,376 | +€54,552 | +183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,569 | €16,524 | -€3,045 | -15.6% |
| Other operating charges | 640/8 | €5,206 | €2,472 | -€2,734 | -52.5% |
| Gross operating margin | 9900 | €179,434 | €196,471 | +€17,037 | +9.5% |
| Operating profit (loss) | 9901 | €124,835 | €93,098 | -€31,736 | -25.4% |
| Financial income | 75/76B | €522 | €638 | +€116 | +22.3% |
| Recurring financial income | 75 | €522 | €638 | +€116 | +22.3% |
| Financial charges | 65/66B | €4,347 | €1,671 | -€2,676 | -61.6% |
| Recurring financial charges | 65 | €4,347 | €1,671 | -€2,676 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €121,009 | €92,066 | -€28,944 | -23.9% |
| Income taxes | 67/77 | €25,177 | €23,753 | -€1,424 | -5.7% |
| Profit (loss) for the period | 9904 | €95,833 | €68,313 | -€27,520 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €95,833 | €68,313 | -€27,520 | -28.7% |
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 16 October 2026 via checked.be.