Q-LITE: 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.
What changed
Q-LITE
NACE 26.110, Manufacture of computer, electronic and optical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€422,882
2024 · €93,706-€516,588
Equity
€712,504
2024 · €1.1m-€422,882
Cash
€191,235
2024 · €177,551+€13,684
Balance sheet total
€3.2m
2024 · €3.6m-€351,741
Largest movements
Assets
- Receivables within one year -€248,491
down €248,491 (-9.3%), from €2.7m to €2.4m
of which Other amounts receivable: -€244,325
- Tangible fixed assets -€108,459
down €108,459 (-19.0%), from €571,177 to €462,718
of which Plant, machinery and equipment: -€65,462
Equity and liabilities
- Profit (loss) carried forward -€422,882
down €422,882, from €368,386 to -€54,496
- Trade debts +€245,415
up €245,415 (+23.5%), from €1.0m to €1.3m
- Debts after one year -€70,089
down €70,089 (-27.9%), from €251,244 to €181,156
- Accrued charges and deferred income -€58,747
down €58,747 (-15.0%), from €391,981 to €333,234
- Advances received -€44,664
down €44,664 (-13.7%), from €324,953 to €280,289
Income statement
- Turnover -€823,655
down €823,655 (-11.5%), from €7.2m to €6.4m
- Goods and materials -€370,020
down €370,020 (-7.2%), from €5.1m to €4.8m
- Other operating income -€97,347
down €97,347 (-32.7%), from €297,670 to €200,323
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.
Result 2024
€93,706
Turnover
-€823,655
Other operating income
-€97,347
Goods and materials
+€370,020
Services and other goods
-€33,962
Staff costs
+€34,854
Depreciation
-€42,106
Provisions
-€16,599
Other operating charges
+€457
Other operating items
+€1,649
Financial income
+€1,568
Financial charges
+€39,763
Taxes
+€48,770
Result 2025
-€422,882
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€110,721
Investment
-€37,822
Financing
-€59,215
Cash 2024
€177,551
From operations (derived)
+€110,721
Net result for the year
-€422,882
Depreciation
+€146,214
Receivables within one year
+€248,491
Deferred charges and accrued income
+€8,542
Provisions
-€12,365
Trade debts
+€245,415
Tax, wage and social debts
+€717
Advances received
-€44,664
Accrued charges and deferred income
-€58,747
Investment (derived)
-€37,822
Investment in fixed assets (net)
-€37,822
Financing
-€59,215
Debts after one year
-€70,089
Current portion of long-term debt
+€11,710
Short-term financial debts
-€836
Cash 2025
€191,235
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,597,631 | €3,245,890 | -€351,741 | -9.8% |
| Fixed assets | 21/28 | €583,180 | €474,788 | -€108,392 | -18.6% |
| Intangible fixed assets | 21 | - | €4,075 | +€4,075 | |
| Tangible fixed assets | 22/27 | €571,177 | €462,718 | -€108,459 | -19.0% |
| Land and buildings | 22 | €24,569 | €24,569 | = | 0.0% |
| Plant, machinery and equipment | 23 | €373,893 | €308,431 | -€65,462 | -17.5% |
| Furniture and vehicles | 24 | €62,275 | €34,929 | -€27,346 | -43.9% |
| Leasing and similar rights | 25 | €110,440 | €94,789 | -€15,651 | -14.2% |
| Financial fixed assets | 28 | €12,003 | €7,995 | -€4,008 | -33.4% |
| Other financial fixed assets | 284/8 | €12,003 | €7,995 | -€4,008 | -33.4% |
| Amounts receivable and cash guarantees | 285/8 | €12,003 | €7,995 | -€4,008 | -33.4% |
| Current assets | 29/58 | €3,014,451 | €2,771,101 | -€243,350 | -8.1% |
| Amounts receivable within one year | 40/41 | €2,663,676 | €2,415,185 | -€248,491 | -9.3% |
| Trade receivables | 40 | €1,664,044 | €1,659,877 | -€4,167 | -0.3% |
| Other amounts receivable | 41 | €999,632 | €755,308 | -€244,325 | -24.4% |
| Cash at bank and in hand | 54/58 | €177,551 | €191,235 | +€13,684 | +7.7% |
| Deferred charges and accrued income | 490/1 | €173,224 | €164,682 | -€8,542 | -4.9% |
| Total equity and liabilities | 10/49 | €3,597,631 | €3,245,890 | -€351,741 | -9.8% |
| Equity | 10/15 | €1,135,386 | €712,504 | -€422,882 | -37.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €692,000 | €692,000 | = | 0.0% |
| Distributable reserves | 133 | €692,000 | €692,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €368,386 | -€54,496 | -€422,882 | |
| Provisions and deferred taxes | 16 | €81,295 | €68,931 | -€12,365 | -15.2% |
| Provisions for liabilities and charges | 160/5 | €81,295 | €68,931 | -€12,365 | -15.2% |
| Other liabilities and charges | 164/5 | €81,295 | €68,931 | -€12,365 | -15.2% |
| Amounts payable | 17/49 | €2,380,950 | €2,464,456 | +€83,505 | +3.5% |
| Amounts payable after more than one year | 17 | €251,244 | €181,156 | -€70,089 | -27.9% |
| Financial debts | 170/4 | €251,244 | €181,156 | -€70,089 | -27.9% |
| Leasing and similar obligations | 172 | €75,344 | €49,799 | -€25,545 | -33.9% |
| Credit institutions | 173 | €18,758 | €2,785 | -€15,973 | -85.2% |
| Other loans | 174 | €157,143 | €128,571 | -€28,571 | -18.2% |
| Amounts payable within one year | 42/48 | €1,737,725 | €1,950,066 | +€212,341 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €85,568 | €97,279 | +€11,710 | +13.7% |
| Financial debts | 43 | €46,282 | €45,446 | -€836 | -1.8% |
| Credit institutions | 430/8 | €46,282 | €45,446 | -€836 | -1.8% |
| Trade debts | 44 | €1,042,210 | €1,287,624 | +€245,415 | +23.5% |
| Suppliers | 440/4 | €1,042,210 | €1,287,624 | +€245,415 | +23.5% |
| Advances received on contracts in progress | 46 | €324,953 | €280,289 | -€44,664 | -13.7% |
| Taxes, remuneration and social security | 45 | €238,712 | €239,428 | +€717 | +0.3% |
| Taxes | 450/3 | €86,217 | €83,960 | -€2,257 | -2.6% |
| Remuneration and social security | 454/9 | €152,495 | €155,468 | +€2,973 | +1.9% |
| Accrued charges and deferred income | 492/3 | €391,981 | €333,234 | -€58,747 | -15.0% |
| Operating income | 70/76A | €7,488,416 | €6,569,062 | -€919,353 | -12.3% |
| Turnover | 70 | €7,190,746 | €6,367,091 | -€823,655 | -11.5% |
| Other operating income | 74 | €297,670 | €200,323 | -€97,347 | -32.7% |
| Non-recurring operating income | 76A | - | €1,649 | +€1,649 | |
| Operating charges | 60/66A | €7,312,762 | €7,000,098 | -€312,665 | -4.3% |
| Goods for resale, raw materials and consumables | 60 | €5,127,318 | €4,757,298 | -€370,020 | -7.2% |
| Purchases | 600/8 | €5,127,318 | €4,757,298 | -€370,020 | -7.2% |
| Services and other goods | 61 | €779,876 | €813,838 | +€33,962 | +4.4% |
| Remuneration, social security and pensions | 62 | €1,322,522 | €1,287,667 | -€34,854 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,108 | €146,214 | +€42,106 | +40.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€28,963 | -€12,365 | +€16,599 | +57.3% |
| Other operating charges | 640/8 | €7,902 | €7,445 | -€457 | -5.8% |
| Operating profit (loss) | 9901 | €175,653 | -€431,035 | -€606,689 | |
| Financial income | 75/76B | €28,504 | €30,072 | +€1,568 | +5.5% |
| Recurring financial income | 75 | €28,504 | €30,072 | +€1,568 | +5.5% |
| Income from financial fixed assets | 750 | - | €171 | +€171 | |
| Income from current assets | 751 | €24,367 | €27,826 | +€3,460 | +14.2% |
| Other financial income | 752/9 | €4,137 | €2,075 | -€2,063 | -49.9% |
| Financial charges | 65/66B | €60,682 | €20,919 | -€39,763 | -65.5% |
| Recurring financial charges | 65 | €60,682 | €20,919 | -€39,763 | -65.5% |
| Debt charges | 650 | €52,970 | €14,651 | -€38,320 | -72.3% |
| Other financial charges | 652/9 | €7,712 | €6,268 | -€1,443 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €143,475 | -€421,882 | -€565,358 | |
| Income taxes | 67/77 | €49,770 | €1,000 | -€48,770 | -98.0% |
| Taxes | 670/3 | €50,000 | €1,000 | -€49,000 | -98.0% |
| Tax adjustments and reversals of tax provisions | 77 | €230 | - | -€230 | |
| Profit (loss) for the period | 9904 | €93,706 | -€422,882 | -€516,588 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,706 | -€422,882 | -€516,588 |
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 13 October 2026 via checked.be.