Q.T. Projects: 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.T. Projects
Largest movements
- Cash -€28,451
down €28,451 (-38.1%), from €74,651 to €46,200
mainly Stocks and contracts (-€12,331) and Receivables within one year (-€6,913)
- Stocks and contracts +€12,331
up €12,331 (+182%), from €6,760 to €19,091
- Receivables within one year +€6,913
up €6,913 (+193%), from €3,588 to €10,501
of which Trade receivables: +€9,546
- Profit (loss) carried forward -€5,969
down €5,969 (-19.4%), from -€30,758 to -€36,727
- Other debts -€2,263
down €2,263 (-3.8%), from €60,241 to €57,978
- Trade debts -€988
down €988 (-100%), from €988 to €0
- Gross operating margin -€4,340
down €4,340, from €1,373 to -€2,967
- Financial charges +€168
up €168 (+7.3%), from €2,294 to €2,461
- Financial income -€123
down €123 (-100%), from €123 to €0
- Other operating charges -€38
down €38 (-6.6%), from €580 to €541
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,999 | €75,792 | -€9,207 | -10.8% |
| Current assets | 29/58 | €84,999 | €75,792 | -€9,207 | -10.8% |
| Stocks and contracts in progress | 3 | €6,760 | €19,091 | +€12,331 | +182% |
| Stocks | 30/36 | €6,760 | €19,091 | +€12,331 | +182% |
| Amounts receivable within one year | 40/41 | €3,588 | €10,501 | +€6,913 | +193% |
| Trade receivables | 40 | €629 | €10,175 | +€9,546 | +1,517% |
| Other amounts receivable | 41 | €2,959 | €326 | -€2,633 | -89.0% |
| Cash at bank and in hand | 54/58 | €74,651 | €46,200 | -€28,451 | -38.1% |
| Total equity and liabilities | 10/49 | €84,999 | €75,792 | -€9,207 | -10.8% |
| Equity | 10/15 | €23,242 | €17,273 | -€5,969 | -25.7% |
| Contributions | 10/11 | €54,000 | €54,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,758 | -€36,727 | -€5,969 | -19.4% |
| Amounts payable | 17/49 | €61,757 | €58,520 | -€3,237 | -5.2% |
| Amounts payable within one year | 42/48 | €61,229 | €57,978 | -€3,251 | -5.3% |
| Trade debts | 44 | €988 | €0 | -€988 | -100% |
| Suppliers | 440/4 | €988 | €0 | -€988 | -100% |
| Other amounts payable | 47/48 | €60,241 | €57,978 | -€2,263 | -3.8% |
| Accrued charges and deferred income | 492/3 | €528 | €541 | +€14 | +2.6% |
| Other operating charges | 640/8 | €580 | €541 | -€38 | -6.6% |
| Gross operating margin | 9900 | €1,373 | -€2,967 | -€4,340 | |
| Operating profit (loss) | 9901 | €793 | -€3,508 | -€4,301 | |
| Financial income | 75/76B | €123 | €0 | -€123 | -100% |
| Recurring financial income | 75 | €123 | €0 | -€123 | -100% |
| Financial charges | 65/66B | €2,294 | €2,461 | +€168 | +7.3% |
| Recurring financial charges | 65 | €2,294 | €2,461 | +€168 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,378 | -€5,969 | -€4,592 | -333% |
| Profit (loss) for the period | 9904 | -€1,378 | -€5,969 | -€4,592 | -333% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,378 | -€5,969 | -€4,592 | -333% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.