Q-TARO: 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-TARO
Largest movements
- Cash -€18,456
down €18,456 (-56.7%), from €32,543 to €14,087
mainly Net result for the year (-€14,444) and Tax, wage and social debts (-€10,517)
- Tangible fixed assets -€9,707
down €9,707 (-24.9%), from €39,043 to €29,336
- Receivables within one year -€3,774
down €3,774 (-4.9%), from €76,754 to €72,980
of which Trade receivables: -€2,231
- Profit (loss) carried forward -€14,444
down €14,444 (-13.3%), from €108,429 to €93,986
- Tax, wage and social debts -€10,517
no longer reported in 2025 (was €10,517)
of which Remuneration and social security: -€6,513
- Trade debts -€7,351
down €7,351 (-94.6%), from €7,769 to €418
- Gross operating margin -€106,811
down €106,811, from €101,619 to -€5,192
- Staff costs -€89,573
down €89,573, from €86,943 to -€2,630
- Depreciation +€4,451
up €4,451 (+84.7%), from €5,256 to €9,707
- Other operating charges +€4,352
up €4,352 (+274%), from €1,589 to €5,941
- Taxes -€3,009
down €3,009 (-95.2%), from €3,161 to €152
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 | €148,715 | €116,403 | -€32,312 | -21.7% |
| Fixed assets | 21/28 | €39,043 | €29,336 | -€9,707 | -24.9% |
| Tangible fixed assets | 22/27 | €39,043 | €29,336 | -€9,707 | -24.9% |
| Plant, machinery and equipment | 23 | €39,043 | €29,336 | -€9,707 | -24.9% |
| Current assets | 29/58 | €109,673 | €87,068 | -€22,605 | -20.6% |
| Amounts receivable within one year | 40/41 | €76,754 | €72,980 | -€3,774 | -4.9% |
| Trade receivables | 40 | €5,333 | €3,101 | -€2,231 | -41.8% |
| Other amounts receivable | 41 | €71,421 | €69,879 | -€1,542 | -2.2% |
| Cash at bank and in hand | 54/58 | €32,543 | €14,087 | -€18,456 | -56.7% |
| Deferred charges and accrued income | 490/1 | €376 | - | -€376 | |
| Total equity and liabilities | 10/49 | €148,715 | €116,403 | -€32,312 | -21.7% |
| Equity | 10/15 | €130,429 | €115,986 | -€14,444 | -11.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,429 | €93,986 | -€14,444 | -13.3% |
| Amounts payable | 17/49 | €18,286 | €418 | -€17,868 | -97.7% |
| Amounts payable within one year | 42/48 | €18,286 | €418 | -€17,868 | -97.7% |
| Trade debts | 44 | €7,769 | €418 | -€7,351 | -94.6% |
| Suppliers | 440/4 | €7,769 | €418 | -€7,351 | -94.6% |
| Taxes, remuneration and social security | 45 | €10,517 | - | -€10,517 | |
| Taxes | 450/3 | €4,004 | - | -€4,004 | |
| Remuneration and social security | 454/9 | €6,513 | - | -€6,513 | |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Remuneration, social security and pensions | 62 | €86,943 | -€2,630 | -€89,573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,256 | €9,707 | +€4,451 | +84.7% |
| Other operating charges | 640/8 | €1,589 | €5,941 | +€4,352 | +274% |
| Gross operating margin | 9900 | €101,619 | -€5,192 | -€106,811 | |
| Operating profit (loss) | 9901 | €7,831 | -€18,210 | -€26,041 | |
| Financial income | 75/76B | €3,280 | €4,110 | +€829 | +25.3% |
| Recurring financial income | 75 | €3,280 | €4,110 | +€829 | +25.3% |
| Financial charges | 65/66B | €744 | €192 | -€552 | -74.2% |
| Recurring financial charges | 65 | €744 | €192 | -€552 | -74.2% |
| Profit (loss) for the period before taxes | 9903 | €10,368 | -€14,292 | -€24,659 | |
| Income taxes | 67/77 | €3,161 | €152 | -€3,009 | -95.2% |
| Profit (loss) for the period | 9904 | €7,207 | -€14,444 | -€21,651 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,207 | -€14,444 | -€21,651 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.