Q-Taris: 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-Taris
Largest movements
- Financial fixed assets +€368,937
new in 2025: €368,937
- Cash -€55,760
down €55,760 (-56.7%), from €98,411 to €42,651
- Tangible fixed assets -€25,912
down €25,912 (-53.8%), from €48,197 to €22,284
of which Furniture and vehicles: -€25,003
- Receivables within one year -€25,192
down €25,192 (-71.3%), from €35,332 to €10,140
of which Trade receivables: -€24,200
- Other debts +€168,242
new in 2025: €168,242
- Debts after one year +€133,777
up €133,777 (+598%), from €22,380 to €156,158
- Reserves -€91,861
down €91,861 (-100%), from €91,861 to €0
- Tax, wage and social debts +€29,728
up €29,728 (+79.4%), from €37,440 to €67,168
- Current portion of long-term debt +€25,243
up €25,243 (+184%), from €13,719 to €38,962
- Gross operating margin +€41,379
up €41,379 (+36.9%), from €112,180 to €153,558
- Taxes +€14,151
up €14,151 (+67.7%), from €20,900 to €35,051
- Financial charges +€5,096
up €5,096 (+501%), from €1,017 to €6,113
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 | €183,067 | €445,311 | +€262,243 | +143% |
| Fixed assets | 21/28 | €48,197 | €391,221 | +€343,024 | +712% |
| Tangible fixed assets | 22/27 | €48,197 | €22,284 | -€25,912 | -53.8% |
| Plant, machinery and equipment | 23 | €1,665 | €756 | -€909 | -54.6% |
| Furniture and vehicles | 24 | €46,532 | €21,528 | -€25,003 | -53.7% |
| Financial fixed assets | 28 | - | €368,937 | +€368,937 | |
| Current assets | 29/58 | €134,871 | €54,090 | -€80,781 | -59.9% |
| Amounts receivable within one year | 40/41 | €35,332 | €10,140 | -€25,192 | -71.3% |
| Trade receivables | 40 | €24,200 | - | -€24,200 | |
| Other amounts receivable | 41 | €11,132 | €10,140 | -€992 | -8.9% |
| Cash at bank and in hand | 54/58 | €98,411 | €42,651 | -€55,760 | -56.7% |
| Deferred charges and accrued income | 490/1 | €1,128 | €1,299 | +€171 | +15.1% |
| Total equity and liabilities | 10/49 | €183,067 | €445,311 | +€262,243 | +143% |
| Equity | 10/15 | €92,861 | €11,548 | -€81,313 | -87.6% |
| Contributions | 10/11 | €1,000 | €2,320 | +€1,320 | +132% |
| Reserves | 13 | €91,861 | €0 | -€91,861 | -100% |
| Distributable reserves | 133 | €91,861 | €0 | -€91,861 | -100% |
| Profit (loss) carried forward | 14 | - | €9,228 | +€9,228 | |
| Amounts payable | 17/49 | €90,206 | €433,763 | +€343,556 | +381% |
| Amounts payable after more than one year | 17 | €22,380 | €156,158 | +€133,777 | +598% |
| Financial debts | 170/4 | €22,380 | €156,158 | +€133,777 | +598% |
| Amounts payable within one year | 42/48 | €67,826 | €275,701 | +€207,875 | +306% |
| Current portion of amounts payable after more than one year | 42 | €13,719 | €38,962 | +€25,243 | +184% |
| Trade debts | 44 | €4,567 | €1,329 | -€3,238 | -70.9% |
| Suppliers | 440/4 | €4,567 | €1,329 | -€3,238 | -70.9% |
| Advances received on contracts in progress | 46 | €12,100 | - | -€12,100 | |
| Taxes, remuneration and social security | 45 | €37,440 | €67,168 | +€29,728 | +79.4% |
| Taxes | 450/3 | €37,440 | €67,168 | +€29,728 | +79.4% |
| Other amounts payable | 47/48 | - | €168,242 | +€168,242 | |
| Accrued charges and deferred income | 492/3 | €0 | €1,904 | +€1,904 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,626 | €14,040 | +€413 | +3.0% |
| Other operating charges | 640/8 | €115 | €528 | +€413 | +359% |
| Gross operating margin | 9900 | €112,180 | €153,558 | +€41,379 | +36.9% |
| Operating profit (loss) | 9901 | €98,438 | €138,991 | +€40,553 | +41.2% |
| Financial income | 75/76B | €31 | €532 | +€501 | +1,604% |
| Recurring financial income | 75 | €31 | €532 | +€501 | +1,604% |
| Financial charges | 65/66B | €1,017 | €6,113 | +€5,096 | +501% |
| Recurring financial charges | 65 | €1,017 | €6,113 | +€5,096 | +501% |
| Profit (loss) for the period before taxes | 9903 | €97,452 | €133,410 | +€35,958 | +36.9% |
| Income taxes | 67/77 | €20,900 | €35,051 | +€14,151 | +67.7% |
| Profit (loss) for the period | 9904 | €76,552 | €98,358 | +€21,806 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €76,552 | €98,358 | +€21,806 | +28.5% |
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 28 October 2026 via checked.be.