Q-Marketing: 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-Marketing
Largest movements
- Receivables within one year +€23,448
up €23,448 (+598%), from €3,922 to €27,369
of which Trade receivables: +€19,852
- Tangible fixed assets -€8,548
down €8,548 (-39.6%), from €21,583 to €13,035
of which Furniture and vehicles: -€20,240
- Trade debts +€14,955
up €14,955, from €0 to €14,955
- Other debts +€8,439
up €8,439 (+121%), from €6,979 to €15,418
- Tax, wage and social debts +€7,339
up €7,339 (+144%), from €5,095 to €12,434
of which Taxes: +€4,500
- Debts after one year -€6,586
no longer reported in 2025 (was €6,586)
- Current portion of long-term debt -€6,521
down €6,521 (-92.3%), from €7,068 to €548
- Depreciation -€6,129
down €6,129 (-78.9%), from €7,764 to €1,635
- Gross operating margin +€1,639
up €1,639 (+28.6%), from €5,739 to €7,378
- Taxes +€1,611
up €1,611 (+3,384%), from €48 to €1,658
- Other operating charges +€295
up €295 (+40.6%), from €727 to €1,022
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,505 | €40,471 | +€14,965 | +58.7% |
| Fixed assets | 21/28 | €21,583 | €13,035 | -€8,548 | -39.6% |
| Tangible fixed assets | 22/27 | €21,583 | €13,035 | -€8,548 | -39.6% |
| Plant, machinery and equipment | 23 | €1,343 | €13,035 | +€11,692 | +871% |
| Furniture and vehicles | 24 | €20,240 | €0 | -€20,240 | -100% |
| Current assets | 29/58 | €3,922 | €27,436 | +€23,514 | +600% |
| Amounts receivable within one year | 40/41 | €3,922 | €27,369 | +€23,448 | +598% |
| Trade receivables | 40 | €3,922 | €23,774 | +€19,852 | +506% |
| Other amounts receivable | 41 | €0 | €3,596 | +€3,596 | |
| Cash at bank and in hand | 54/58 | - | €1 | +€1 | |
| Deferred charges and accrued income | 490/1 | €0 | €65 | +€65 | |
| Total equity and liabilities | 10/49 | €25,505 | €40,471 | +€14,965 | +58.7% |
| Equity | 10/15 | -€5,865 | -€3,878 | +€1,987 | +33.9% |
| Contributions | 10/11 | €3,075 | €3,075 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,940 | -€6,953 | +€1,987 | +22.2% |
| Amounts payable | 17/49 | €31,370 | €44,348 | +€12,978 | +41.4% |
| Amounts payable after more than one year | 17 | €6,586 | - | -€6,586 | |
| Financial debts | 170/4 | €6,586 | - | -€6,586 | |
| Amounts payable within one year | 42/48 | €24,784 | €44,348 | +€19,564 | +78.9% |
| Current portion of amounts payable after more than one year | 42 | €7,068 | €548 | -€6,521 | -92.3% |
| Financial debts | 43 | €5,642 | €994 | -€4,648 | -82.4% |
| Credit institutions | 430/8 | €5,642 | €994 | -€4,648 | -82.4% |
| Trade debts | 44 | €0 | €14,955 | +€14,955 | |
| Suppliers | 440/4 | €0 | €14,955 | +€14,955 | |
| Taxes, remuneration and social security | 45 | €5,095 | €12,434 | +€7,339 | +144% |
| Taxes | 450/3 | €5,095 | €9,596 | +€4,500 | +88.3% |
| Remuneration and social security | 454/9 | €0 | €2,839 | +€2,839 | |
| Other amounts payable | 47/48 | €6,979 | €15,418 | +€8,439 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,764 | €1,635 | -€6,129 | -78.9% |
| Other operating charges | 640/8 | €727 | €1,022 | +€295 | +40.6% |
| Non-recurring operating charges | 66A | €0 | €636 | +€636 | |
| Gross operating margin | 9900 | €5,739 | €7,378 | +€1,639 | +28.6% |
| Operating profit (loss) | 9901 | -€2,752 | €4,085 | +€6,837 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,425% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,425% |
| Financial charges | 65/66B | €817 | €855 | +€38 | +4.7% |
| Recurring financial charges | 65 | €817 | €855 | +€38 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,569 | €3,231 | +€6,800 | |
| Income taxes | 67/77 | €48 | €1,658 | +€1,611 | +3,384% |
| Profit (loss) for the period | 9904 | -€3,617 | €1,573 | +€5,190 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,617 | €1,573 | +€5,190 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.