Q.J. Projects: 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.J. Projects
Largest movements
- Receivables within one year -€37,581
down €37,581 (-68.9%), from €54,533 to €16,952
- Cash +€14,172
up €14,172 (+77.6%), from €18,251 to €32,423
mainly Receivables within one year (+€37,581) and Net result for the year (+€35,408)
- Intangible fixed assets -€4,957
down €4,957 (-10.5%), from €47,228 to €42,271
- Profit (loss) carried forward +€35,408
up €35,408 (+3,239%), from €1,093 to €36,501
- Trade debts -€34,721
down €34,721 (-70.0%), from €49,570 to €14,850
- Other debts -€32,935
down €32,935 (-49.8%), from €66,107 to €33,172
- Tax, wage and social debts +€3,947
up €3,947 (+122%), from €3,242 to €7,189
- Turnover +€136,829
new in 2025: €136,829
- Purchases and services +€86,979
new in 2025: €86,979
- Gross operating margin +€46,142
up €46,142 (+1,244%), from €3,708 to €49,850
- Taxes +€8,966
up €8,966 (+3,281%), from €273 to €9,239
- Depreciation +€2,615
up €2,615 (+112%), from €2,342 to €4,957
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 | €120,012 | €91,811 | -€28,201 | -23.5% |
| Fixed assets | 21/28 | €47,228 | €42,271 | -€4,957 | -10.5% |
| Intangible fixed assets | 21 | €47,228 | €42,271 | -€4,957 | -10.5% |
| Current assets | 29/58 | €72,784 | €49,540 | -€23,244 | -31.9% |
| Amounts receivable within one year | 40/41 | €54,533 | €16,952 | -€37,581 | -68.9% |
| Trade receivables | 40 | €54,533 | €16,952 | -€37,581 | -68.9% |
| Cash at bank and in hand | 54/58 | €18,251 | €32,423 | +€14,172 | +77.6% |
| Deferred charges and accrued income | 490/1 | - | €165 | +€165 | |
| Total equity and liabilities | 10/49 | €120,012 | €91,811 | -€28,201 | -23.5% |
| Equity | 10/15 | €1,093 | €36,601 | +€35,508 | +3,248% |
| Contributions | 10/11 | - | €100 | +€100 | |
| Profit (loss) carried forward | 14 | €1,093 | €36,501 | +€35,408 | +3,239% |
| Amounts payable | 17/49 | €118,919 | €55,210 | -€63,709 | -53.6% |
| Amounts payable within one year | 42/48 | €118,919 | €55,210 | -€63,709 | -53.6% |
| Trade debts | 44 | €49,570 | €14,850 | -€34,721 | -70.0% |
| Suppliers | 440/4 | €49,570 | €14,850 | -€34,721 | -70.0% |
| Taxes, remuneration and social security | 45 | €3,242 | €7,189 | +€3,947 | +122% |
| Taxes | 450/3 | €3,242 | €7,189 | +€3,947 | +122% |
| Other amounts payable | 47/48 | €66,107 | €33,172 | -€32,935 | -49.8% |
| Turnover | 70 | - | €136,829 | +€136,829 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €86,979 | +€86,979 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,342 | €4,957 | +€2,615 | +112% |
| Other operating charges | 640/8 | - | €180 | +€180 | |
| Gross operating margin | 9900 | €3,708 | €49,850 | +€46,142 | +1,244% |
| Operating profit (loss) | 9901 | €1,366 | €44,713 | +€43,348 | +3,174% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | - | €66 | +€66 | |
| Recurring financial charges | 65 | - | €66 | +€66 | |
| Profit (loss) for the period before taxes | 9903 | €1,366 | €44,647 | +€43,281 | +3,168% |
| Income taxes | 67/77 | €273 | €9,239 | +€8,966 | +3,281% |
| Profit (loss) for the period | 9904 | €1,093 | €35,408 | +€34,315 | +3,139% |
| Profit (loss) for the period to be appropriated | 9905 | €1,093 | €35,408 | +€34,315 | +3,139% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.