Q-SPORT: what changed
Q-SPORT
Largest movements
- Cash +€77,409
up €77,409 (+195%), from €39,766 to €117,175
mainly Net result for the year (+€85,743) and Receivables within one year (+€10,572)
- Tangible fixed assets -€18,309
down €18,309 (-32.2%), from €56,909 to €38,600
of which Plant, machinery and equipment: -€16,605
- Financial fixed assets +€13,213
up €13,213 (+12.2%), from €107,874 to €121,088
- Receivables within one year -€10,572
down €10,572 (-21.5%), from €49,135 to €38,563
of which Trade receivables: -€11,699
- Deferred charges and accrued income -€6,278
down €6,278 (-82.4%), from €7,622 to €1,344
- Reserves +€86,860
up €86,860 (+94.9%), from €91,500 to €178,360
- Short-term financial debts -€16,706
no longer reported in 2025 (was €16,706)
- Other debts -€13,613
down €13,613 (-86.6%), from €15,720 to €2,107
- Trade debts -€6,275
down €6,275 (-76.5%), from €8,206 to €1,931
- Tax, wage and social debts +€6,161
up €6,161 (+31.3%), from €19,655 to €25,816
of which Taxes: +€12,061
- Taxes -€68,661
down €68,661, from €64,399 to -€4,262
- Gross operating margin -€12,497
down €12,497 (-6.1%), from €204,480 to €191,984
- Depreciation -€8,286
down €8,286 (-49.4%), from €16,761 to €8,476
- Other operating charges -€6,775
down €6,775 (-80.4%), from €8,425 to €1,650
- Staff costs +€5,853
up €5,853 (+6.2%), from €94,071 to €99,924
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €261,449 | €316,813 | +€55,363 | +21.2% |
| Fixed assets | 21/28 | €164,927 | €159,731 | -€5,196 | -3.2% |
| Intangible fixed assets | 21 | €144 | €44 | -€100 | -69.7% |
| Tangible fixed assets | 22/27 | €56,909 | €38,600 | -€18,309 | -32.2% |
| Plant, machinery and equipment | 23 | €18,466 | €1,862 | -€16,605 | -89.9% |
| Furniture and vehicles | 24 | €9,434 | €12,182 | +€2,748 | +29.1% |
| Other tangible fixed assets | 26 | €29,009 | €24,556 | -€4,453 | -15.3% |
| Financial fixed assets | 28 | €107,874 | €121,088 | +€13,213 | +12.2% |
| Current assets | 29/58 | €96,522 | €157,082 | +€60,559 | +62.7% |
| Amounts receivable within one year | 40/41 | €49,135 | €38,563 | -€10,572 | -21.5% |
| Trade receivables | 40 | €33,821 | €22,122 | -€11,699 | -34.6% |
| Other amounts receivable | 41 | €15,314 | €16,441 | +€1,127 | +7.4% |
| Cash at bank and in hand | 54/58 | €39,766 | €117,175 | +€77,409 | +195% |
| Deferred charges and accrued income | 490/1 | €7,622 | €1,344 | -€6,278 | -82.4% |
| Total equity and liabilities | 10/49 | €261,449 | €316,813 | +€55,363 | +21.2% |
| Equity | 10/15 | €201,162 | €286,905 | +€85,743 | +42.6% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €91,500 | €178,360 | +€86,860 | +94.9% |
| Distributable reserves | 133 | €91,500 | €178,360 | +€86,860 | +94.9% |
| Profit (loss) carried forward | 14 | €89,202 | €89,945 | +€743 | +0.8% |
| Amounts payable | 17/49 | €60,287 | €29,908 | -€30,380 | -50.4% |
| Amounts payable within one year | 42/48 | €60,287 | €29,854 | -€30,433 | -50.5% |
| Financial debts | 43 | €16,706 | - | -€16,706 | |
| Credit institutions | 430/8 | €16,706 | - | -€16,706 | |
| Trade debts | 44 | €8,206 | €1,931 | -€6,275 | -76.5% |
| Suppliers | 440/4 | €8,206 | €1,931 | -€6,275 | -76.5% |
| Taxes, remuneration and social security | 45 | €19,655 | €25,816 | +€6,161 | +31.3% |
| Taxes | 450/3 | €13,177 | €25,238 | +€12,061 | +91.5% |
| Remuneration and social security | 454/9 | €6,478 | €578 | -€5,901 | -91.1% |
| Other amounts payable | 47/48 | €15,720 | €2,107 | -€13,613 | -86.6% |
| Accrued charges and deferred income | 492/3 | - | €54 | +€54 | |
| Non-recurring operating income | 76A | €272 | €9,803 | +€9,531 | +3,508% |
| Remuneration, social security and pensions | 62 | €94,071 | €99,924 | +€5,853 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,761 | €8,476 | -€8,286 | -49.4% |
| Other operating charges | 640/8 | €8,425 | €1,650 | -€6,775 | -80.4% |
| Non-recurring operating charges | 66A | €245 | - | -€245 | |
| Gross operating margin | 9900 | €204,480 | €191,984 | -€12,497 | -6.1% |
| Operating profit (loss) | 9901 | €84,978 | €81,934 | -€3,043 | -3.6% |
| Financial income | 75/76B | €0 | €239 | +€239 | +2,387,400% |
| Recurring financial income | 75 | €0 | €239 | +€239 | +2,387,400% |
| Financial charges | 65/66B | €2,786 | €692 | -€2,094 | -75.2% |
| Recurring financial charges | 65 | €2,786 | €692 | -€2,094 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €82,191 | €81,481 | -€710 | -0.9% |
| Income taxes | 67/77 | €64,399 | -€4,262 | -€68,661 | |
| Profit (loss) for the period | 9904 | €17,793 | €85,743 | +€67,950 | +382% |
| Profit (loss) for the period to be appropriated | 9905 | €17,793 | €85,743 | +€67,950 | +382% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.