Q-maint: 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-maint
Largest movements
- Receivables within one year +€26,918
up €26,918 (+679%), from €3,963 to €30,881
- Tangible fixed assets +€3,487
new in 2025: €3,487
- Cash -€764
down €764 (-2.7%), from €28,578 to €27,815
mainly Receivables within one year (-€26,918) and Investment in fixed assets (net) (-€3,629)
- Deferred charges and accrued income +€685
new in 2025: €685
- Reserves +€40,000
new in 2025: €40,000
- Profit (loss) carried forward -€9,445
down €9,445 (-63.7%), from €14,824 to €5,379
- Tax, wage and social debts -€986
down €986 (-9.0%), from €10,957 to €9,971
of which Taxes: -€986
- Gross operating margin +€19,125
up €19,125 (+93.1%), from €20,537 to €39,661
- Taxes +€2,800
up €2,800 (+54.2%), from €5,165 to €7,965
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 | €33,832 | €63,872 | +€30,040 | +88.8% |
| Formation expenses | 20 | €1,291 | €1,004 | -€287 | -22.2% |
| Fixed assets | 21/28 | - | €3,487 | +€3,487 | |
| Tangible fixed assets | 22/27 | - | €3,487 | +€3,487 | |
| Plant, machinery and equipment | 23 | - | €3,487 | +€3,487 | |
| Current assets | 29/58 | €32,541 | €59,381 | +€26,840 | +82.5% |
| Amounts receivable within one year | 40/41 | €3,963 | €30,881 | +€26,918 | +679% |
| Trade receivables | 40 | €3,963 | €30,881 | +€26,918 | +679% |
| Cash at bank and in hand | 54/58 | €28,578 | €27,815 | -€764 | -2.7% |
| Deferred charges and accrued income | 490/1 | - | €685 | +€685 | |
| Total equity and liabilities | 10/49 | €33,832 | €63,872 | +€30,040 | +88.8% |
| Equity | 10/15 | €17,824 | €48,379 | +€30,555 | +171% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €40,000 | +€40,000 | |
| Distributable reserves | 133 | - | €40,000 | +€40,000 | |
| Profit (loss) carried forward | 14 | €14,824 | €5,379 | -€9,445 | -63.7% |
| Amounts payable | 17/49 | €16,008 | €15,493 | -€515 | -3.2% |
| Amounts payable within one year | 42/48 | €16,008 | €15,493 | -€515 | -3.2% |
| Trade debts | 44 | €320 | €314 | -€6 | -1.8% |
| Suppliers | 440/4 | €320 | €314 | -€6 | -1.8% |
| Taxes, remuneration and social security | 45 | €10,957 | €9,971 | -€986 | -9.0% |
| Taxes | 450/3 | €8,657 | €7,671 | -€986 | -11.4% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €4,731 | €5,208 | +€477 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143 | €428 | +€286 | +200% |
| Other operating charges | 640/8 | €387 | €550 | +€162 | +41.9% |
| Gross operating margin | 9900 | €20,537 | €39,661 | +€19,125 | +93.1% |
| Operating profit (loss) | 9901 | €20,007 | €38,683 | +€18,676 | +93.4% |
| Financial charges | 65/66B | €18 | €163 | +€145 | +808% |
| Recurring financial charges | 65 | €18 | €163 | +€145 | +808% |
| Profit (loss) for the period before taxes | 9903 | €19,989 | €38,520 | +€18,531 | +92.7% |
| Income taxes | 67/77 | €5,165 | €7,965 | +€2,800 | +54.2% |
| Profit (loss) for the period | 9904 | €14,824 | €30,555 | +€15,731 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €14,824 | €30,555 | +€15,731 | +106% |
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.