Q-Tech Belgium: 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-Tech Belgium
Largest movements
- Receivables within one year +€462,331
up €462,331 (+56.0%), from €825,529 to €1.3m
of which Other amounts receivable: +€439,330
- Cash -€184,605
down €184,605 (-66.9%), from €276,056 to €91,451
mainly Receivables within one year (-€462,331) and Tax, wage and social debts (-€72,711)
- Tangible fixed assets +€38,608
up €38,608 (+54.5%), from €70,783 to €109,391
of which Furniture and vehicles: +€38,647
- Deferred charges and accrued income +€22,710
up €22,710 (+158.5%), from €14,328 to €37,038
- Trade debts +€233,503
up €233,503 (+74.8%), from €312,257 to €545,760
- Profit (loss) carried forward +€112,753
up €112,753 (+20.6%), from €546,446 to €659,198
- Tax, wage and social debts -€72,711
down €72,711 (-38.2%), from €190,163 to €117,452
of which Taxes: -€85,743
- Other debts +€64,786
up €64,786 (+48.9%), from €132,440 to €197,225
- Gross operating margin -€78,629
down €78,629 (-10.5%), from €748,398 to €669,769
- Staff costs +€52,957
up €52,957 (+13.1%), from €403,834 to €456,791
- Taxes -€35,832
down €35,832 (-46.2%), from €77,485 to €41,653
- Depreciation +€17,124
up €17,124 (+121.9%), from €14,042 to €31,165
- Financial income -€10,135
down €10,135 (-59.8%), from €16,937 to €6,803
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.
Cash bridge derived
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 | €1,187,505 | €1,525,836 | +€338,330 | +28.5% |
| Fixed assets | 21/28 | €71,592 | €109,487 | +€37,895 | +52.9% |
| Intangible fixed assets | 21 | €769 | €55 | -€713 | -92.8% |
| Tangible fixed assets | 22/27 | €70,783 | €109,391 | +€38,608 | +54.5% |
| Land and buildings | 22 | €28,137 | €24,264 | -€3,873 | -13.8% |
| Plant, machinery and equipment | 23 | €2,174 | €6,008 | +€3,834 | +176.4% |
| Furniture and vehicles | 24 | €40,472 | €79,119 | +€38,647 | +95.5% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €1,115,913 | €1,416,349 | +€300,436 | +26.9% |
| Amounts receivable within one year | 40/41 | €825,529 | €1,287,860 | +€462,331 | +56.0% |
| Trade receivables | 40 | €337,981 | €360,983 | +€23,001 | +6.8% |
| Other amounts receivable | 41 | €487,547 | €926,877 | +€439,330 | +90.1% |
| Cash at bank and in hand | 54/58 | €276,056 | €91,451 | -€184,605 | -66.9% |
| Deferred charges and accrued income | 490/1 | €14,328 | €37,038 | +€22,710 | +158.5% |
| Total equity and liabilities | 10/49 | €1,187,505 | €1,525,836 | +€338,330 | +28.5% |
| Equity | 10/15 | €552,646 | €665,398 | +€112,753 | +20.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €546,446 | €659,198 | +€112,753 | +20.6% |
| Amounts payable | 17/49 | €634,860 | €860,437 | +€225,578 | +35.5% |
| Amounts payable within one year | 42/48 | €634,860 | €860,437 | +€225,578 | +35.5% |
| Trade debts | 44 | €312,257 | €545,760 | +€233,503 | +74.8% |
| Suppliers | 440/4 | €312,257 | €545,760 | +€233,503 | +74.8% |
| Taxes, remuneration and social security | 45 | €190,163 | €117,452 | -€72,711 | -38.2% |
| Taxes | 450/3 | €137,111 | €51,368 | -€85,743 | -62.5% |
| Remuneration and social security | 454/9 | €53,052 | €66,084 | +€13,032 | +24.6% |
| Other amounts payable | 47/48 | €132,440 | €197,225 | +€64,786 | +48.9% |
| Non-recurring operating income | 76A | €4,438 | €4,207 | -€231 | -5.2% |
| Remuneration, social security and pensions | 62 | €403,834 | €456,791 | +€52,957 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,042 | €31,165 | +€17,124 | +121.9% |
| Other operating charges | 640/8 | €17,878 | €17,902 | +€24 | +0.1% |
| Non-recurring operating charges | 66A | €5,199 | - | -€5,199 | |
| Gross operating margin | 9900 | €748,398 | €669,769 | -€78,629 | -10.5% |
| Operating profit (loss) | 9901 | €307,446 | €163,911 | -€143,535 | -46.7% |
| Financial income | 75/76B | €16,937 | €6,803 | -€10,135 | -59.8% |
| Recurring financial income | 75 | €16,937 | €6,803 | -€10,135 | -59.8% |
| Financial charges | 65/66B | €16,793 | €16,308 | -€485 | -2.9% |
| Recurring financial charges | 65 | €16,793 | €16,308 | -€485 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €307,590 | €154,405 | -€153,185 | -49.8% |
| Income taxes | 67/77 | €77,485 | €41,653 | -€35,832 | -46.2% |
| Profit (loss) for the period | 9904 | €230,105 | €112,753 | -€117,352 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €230,105 | €112,753 | -€117,352 | -51.0% |
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 10 October 2026 via checked.be.