Q-ICTOS: 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-ICTOS
Largest movements
- Cash +€21,387
up €21,387 (+200%), from €10,678 to €32,066
mainly Net result for the year (+€29,841) and Depreciation (+€24,135)
- Tangible fixed assets -€18,910
down €18,910 (-7.9%), from €239,823 to €220,913
- Receivables within one year -€4,194
down €4,194 (-21.5%), from €19,481 to €15,287
- Reserves +€29,841
up €29,841 (+28.0%), from €106,725 to €136,566
of which Distributable reserves: +€29,841
- Other debts -€21,823
down €21,823 (-69.3%), from €31,494 to €9,671
- Debts after one year -€10,427
down €10,427 (-29.6%), from €35,279 to €24,852
- Tax, wage and social debts +€5,323
up €5,323 (+166%), from €3,199 to €8,522
- Current portion of long-term debt -€3,373
down €3,373 (-24.4%), from €13,799 to €10,427
- Gross operating margin -€9,422
down €9,422 (-11.7%), from €80,288 to €70,866
- Depreciation +€2,734
up €2,734 (+12.8%), from €21,401 to €24,135
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 | €272,084 | €270,075 | -€2,009 | -0.7% |
| Fixed assets | 21/28 | €239,823 | €220,913 | -€18,910 | -7.9% |
| Tangible fixed assets | 22/27 | €239,823 | €220,913 | -€18,910 | -7.9% |
| Land and buildings | 22 | €189,138 | €181,701 | -€7,437 | -3.9% |
| Plant, machinery and equipment | 23 | €2,045 | €1,302 | -€743 | -36.3% |
| Furniture and vehicles | 24 | €11,135 | €9,220 | -€1,916 | -17.2% |
| Leasing and similar rights | 25 | €37,505 | €28,691 | -€8,815 | -23.5% |
| Current assets | 29/58 | €32,261 | €49,162 | +€16,901 | +52.4% |
| Amounts receivable within one year | 40/41 | €19,481 | €15,287 | -€4,194 | -21.5% |
| Trade receivables | 40 | €19,481 | €15,287 | -€4,194 | -21.5% |
| Cash at bank and in hand | 54/58 | €10,678 | €32,066 | +€21,387 | +200% |
| Deferred charges and accrued income | 490/1 | €2,101 | €1,809 | -€292 | -13.9% |
| Total equity and liabilities | 10/49 | €272,084 | €270,075 | -€2,009 | -0.7% |
| Equity | 10/15 | €182,763 | €212,605 | +€29,841 | +16.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €106,725 | €136,566 | +€29,841 | +28.0% |
| Tax-exempt reserves | 132 | €1,972 | €1,972 | = | 0.0% |
| Distributable reserves | 133 | €104,753 | €134,594 | +€29,841 | +28.5% |
| Profit (loss) carried forward | 14 | €57,488 | €57,488 | = | 0.0% |
| Amounts payable | 17/49 | €89,321 | €57,470 | -€31,850 | -35.7% |
| Amounts payable after more than one year | 17 | €35,279 | €24,852 | -€10,427 | -29.6% |
| Financial debts | 170/4 | €35,279 | €24,852 | -€10,427 | -29.6% |
| Amounts payable within one year | 42/48 | €54,042 | €32,618 | -€21,424 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €13,799 | €10,427 | -€3,373 | -24.4% |
| Financial debts | 43 | €2,515 | €252 | -€2,263 | -90.0% |
| Credit institutions | 430/8 | €141 | €252 | +€111 | +78.7% |
| Other loans | 439 | €2,374 | €0 | -€2,374 | -100% |
| Trade debts | 44 | €3,035 | €3,746 | +€712 | +23.5% |
| Suppliers | 440/4 | €3,035 | €3,746 | +€712 | +23.5% |
| Taxes, remuneration and social security | 45 | €3,199 | €8,522 | +€5,323 | +166% |
| Taxes | 450/3 | €3,199 | €8,522 | +€5,323 | +166% |
| Other amounts payable | 47/48 | €31,494 | €9,671 | -€21,823 | -69.3% |
| Non-recurring operating income | 76A | €16,104 | €0 | -€16,104 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,401 | €24,135 | +€2,734 | +12.8% |
| Other operating charges | 640/8 | €1,434 | €1,478 | +€44 | +3.0% |
| Gross operating margin | 9900 | €80,288 | €70,866 | -€9,422 | -11.7% |
| Operating profit (loss) | 9901 | €57,453 | €45,253 | -€12,200 | -21.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €3,579 | €3,938 | +€358 | +10.0% |
| Recurring financial charges | 65 | €3,579 | €3,938 | +€358 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €53,874 | €41,316 | -€12,558 | -23.3% |
| Income taxes | 67/77 | €11,942 | €11,475 | -€467 | -3.9% |
| Profit (loss) for the period | 9904 | €41,932 | €29,841 | -€12,091 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,932 | €29,841 | -€12,091 | -28.8% |
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 21 October 2026 via checked.be.