Q-SPOT: 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-SPOT
Largest movements
- Receivables within one year -€25,604
down €25,604 (-38.2%), from €66,963 to €41,359
of which Other amounts receivable: -€25,674
- Financial fixed assets -€16,300
down €16,300 (-100%), from €16,300 to €0
- Tangible fixed assets -€6,070
down €6,070 (-16.4%), from €36,908 to €30,837
of which Land and buildings: -€4,322
- Profit (loss) carried forward +€63,980
up €63,980 (+44.6%), from -€143,597 to -€79,617
- Other debts -€60,707
down €60,707 (-32.7%), from €185,476 to €124,769
- Trade debts -€35,767
down €35,767 (-95.2%), from €37,560 to €1,793
- Tax, wage and social debts -€10,924
down €10,924 (-84.2%), from €12,970 to €2,046
of which Taxes: -€10,924
- Current portion of long-term debt -€5,736
down €5,736 (-100%), from €5,736 to €0
- Financial charges -€93,840
down €93,840 (-85.9%), from €109,241 to €15,402
of which Non-recurring financial charges: -€82,499
- Gross operating margin +€22,484
up €22,484 (+35.2%), from €63,941 to €86,425
- Staff costs -€14,185
down €14,185 (-100%), from €14,185 to €0
- Other operating charges -€6,758
down €6,758 (-87.0%), from €7,767 to €1,008
- Financial income -€992
down €992 (-96.6%), from €1,027 to €35
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 | €123,551 | €73,990 | -€49,561 | -40.1% |
| Fixed assets | 21/28 | €53,208 | €30,837 | -€22,370 | -42.0% |
| Tangible fixed assets | 22/27 | €36,908 | €30,837 | -€6,070 | -16.4% |
| Land and buildings | 22 | €32,041 | €27,719 | -€4,322 | -13.5% |
| Plant, machinery and equipment | 23 | €292 | €123 | -€169 | -58.0% |
| Furniture and vehicles | 24 | €2,251 | €949 | -€1,302 | -57.9% |
| Other tangible fixed assets | 26 | €2,323 | €2,047 | -€276 | -11.9% |
| Financial fixed assets | 28 | €16,300 | €0 | -€16,300 | -100% |
| Current assets | 29/58 | €70,344 | €43,153 | -€27,191 | -38.7% |
| Amounts receivable within one year | 40/41 | €66,963 | €41,359 | -€25,604 | -38.2% |
| Trade receivables | 40 | €1,541 | €1,611 | +€71 | +4.6% |
| Other amounts receivable | 41 | €65,422 | €39,748 | -€25,674 | -39.2% |
| Cash at bank and in hand | 54/58 | €1,328 | €794 | -€534 | -40.2% |
| Deferred charges and accrued income | 490/1 | €2,053 | €1,000 | -€1,053 | -51.3% |
| Total equity and liabilities | 10/49 | €123,551 | €73,990 | -€49,561 | -40.1% |
| Equity | 10/15 | -€118,597 | -€54,617 | +€63,980 | +53.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€143,597 | -€79,617 | +€63,980 | +44.6% |
| Amounts payable | 17/49 | €242,148 | €128,607 | -€113,541 | -46.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €241,742 | €128,607 | -€113,134 | -46.8% |
| Current portion of amounts payable after more than one year | 42 | €5,736 | €0 | -€5,736 | -100% |
| Trade debts | 44 | €37,560 | €1,793 | -€35,767 | -95.2% |
| Suppliers | 440/4 | €37,560 | €1,793 | -€35,767 | -95.2% |
| Taxes, remuneration and social security | 45 | €12,970 | €2,046 | -€10,924 | -84.2% |
| Taxes | 450/3 | €12,970 | €2,046 | -€10,924 | -84.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €185,476 | €124,769 | -€60,707 | -32.7% |
| Accrued charges and deferred income | 492/3 | €406 | €0 | -€406 | -100% |
| Non-recurring operating income | 76A | €130,049 | €0 | -€130,049 | -100% |
| Remuneration, social security and pensions | 62 | €14,185 | €0 | -€14,185 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,070 | €6,070 | = | 0.0% |
| Other operating charges | 640/8 | €7,767 | €1,008 | -€6,758 | -87.0% |
| Gross operating margin | 9900 | €63,941 | €86,425 | +€22,484 | +35.2% |
| Operating profit (loss) | 9901 | €35,919 | €79,347 | +€43,428 | +121% |
| Financial income | 75/76B | €1,027 | €35 | -€992 | -96.6% |
| Recurring financial income | 75 | €1,027 | €35 | -€992 | -96.6% |
| Financial charges | 65/66B | €109,241 | €15,402 | -€93,840 | -85.9% |
| Recurring financial charges | 65 | €16,743 | €5,403 | -€11,341 | -67.7% |
| Non-recurring financial charges | 66B | €92,498 | €9,999 | -€82,499 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | -€72,295 | €63,980 | +€136,275 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€72,295 | €63,980 | +€136,275 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,295 | €63,980 | +€136,275 |
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 24 October 2026 via checked.be.