Q-Tech Engineering: what changed
Two fiscal 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 Engineering
Largest movements
- Tangible fixed assets +€43,850
up €43,850 (+15.5%), from €282,797 to €326,647
- Receivables within one year +€24,231
up €24,231 (+117.3%), from €20,656 to €44,887
of which Trade receivables: +€28,219
- Cash -€11,341
down €11,341 (-23.8%), from €47,647 to €36,306
mainly Contributions, distributions and other (-€142,100) and Investment in fixed assets (net) (-€63,093)
- Other debts +€121,724
up €121,724 (+20232.0%), from €602 to €122,325
- Reserves -€117,100
no longer reported in 2025 (was €117,100)
- Profit (loss) carried forward +€22,787
up €22,787 (+51058.4%), from €45 to €22,832
- Tax, wage and social debts +€16,349
up €16,349 (+1720.9%), from €950 to €17,299
of which Taxes: +€14,179
- Current portion of long-term debt +€8,371
up €8,371 (+72.6%), from €11,536 to €19,906
- Gross operating margin +€7,519
up €7,519 (+9.3%), from €80,963 to €88,482
- Depreciation +€7,512
up €7,512 (+64.0%), from €11,731 to €19,243
- Other operating charges +€1,550
up €1,550 (+226.1%), from €686 to €2,236
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 | €352,474 | €409,246 | +€56,772 | +16.1% |
| Fixed assets | 21/28 | €283,397 | €327,247 | +€43,850 | +15.5% |
| Tangible fixed assets | 22/27 | €282,797 | €326,647 | +€43,850 | +15.5% |
| Land and buildings | 22 | €264,399 | €284,986 | +€20,587 | +7.8% |
| Plant, machinery and equipment | 23 | €7,511 | €21,006 | +€13,495 | +179.7% |
| Furniture and vehicles | 24 | €2,206 | €13,053 | +€10,847 | +491.7% |
| Other tangible fixed assets | 26 | €8,681 | €7,602 | -€1,079 | -12.4% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €69,076 | €81,998 | +€12,922 | +18.7% |
| Amounts receivable within one year | 40/41 | €20,656 | €44,887 | +€24,231 | +117.3% |
| Trade receivables | 40 | €9,886 | €38,105 | +€28,219 | +285.5% |
| Other amounts receivable | 41 | €10,771 | €6,782 | -€3,989 | -37.0% |
| Cash at bank and in hand | 54/58 | €47,647 | €36,306 | -€11,341 | -23.8% |
| Deferred charges and accrued income | 490/1 | €773 | €805 | +€33 | +4.2% |
| Total equity and liabilities | 10/49 | €352,474 | €409,246 | +€56,772 | +16.1% |
| Equity | 10/15 | €119,645 | €25,332 | -€94,313 | -78.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €117,100 | - | -€117,100 | |
| Distributable reserves | 133 | €117,100 | - | -€117,100 | |
| Profit (loss) carried forward | 14 | €45 | €22,832 | +€22,787 | +51058.4% |
| Amounts payable | 17/49 | €232,829 | €383,914 | +€151,085 | +64.9% |
| Amounts payable after more than one year | 17 | €190,550 | €194,696 | +€4,147 | +2.2% |
| Financial debts | 170/4 | €190,550 | €194,696 | +€4,147 | +2.2% |
| Amounts payable within one year | 42/48 | €42,214 | €189,217 | +€147,004 | +348.2% |
| Current portion of amounts payable after more than one year | 42 | €11,536 | €19,906 | +€8,371 | +72.6% |
| Trade debts | 44 | €29,126 | €29,686 | +€560 | +1.9% |
| Suppliers | 440/4 | €29,126 | €29,686 | +€560 | +1.9% |
| Taxes, remuneration and social security | 45 | €950 | €17,299 | +€16,349 | +1720.9% |
| Taxes | 450/3 | €950 | €15,129 | +€14,179 | +1492.5% |
| Remuneration and social security | 454/9 | - | €2,170 | +€2,170 | |
| Other amounts payable | 47/48 | €602 | €122,325 | +€121,724 | +20232.0% |
| Accrued charges and deferred income | 492/3 | €66 | - | -€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,731 | €19,243 | +€7,512 | +64.0% |
| Other operating charges | 640/8 | €686 | €2,236 | +€1,550 | +226.1% |
| Gross operating margin | 9900 | €80,963 | €88,482 | +€7,519 | +9.3% |
| Operating profit (loss) | 9901 | €68,546 | €67,003 | -€1,543 | -2.3% |
| Financial income | 75/76B | €47 | €69 | +€22 | +45.8% |
| Recurring financial income | 75 | €47 | €69 | +€22 | +45.8% |
| Financial charges | 65/66B | €7,722 | €7,719 | -€3 | 0.0% |
| Recurring financial charges | 65 | €7,722 | €7,719 | -€3 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €60,871 | €59,352 | -€1,518 | -2.5% |
| Income taxes | 67/77 | €11,581 | €11,565 | -€15 | -0.1% |
| Profit (loss) for the period | 9904 | €49,290 | €47,787 | -€1,503 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,290 | €47,787 | -€1,503 | -3.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.