Q TECHNICS: 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 TECHNICS
Largest movements
- Cash +€104,883
up €104,883 (+43.5%), from €241,063 to €345,946
mainly Net result for the year (+€114,300) and Depreciation (+€20,987)
- Tangible fixed assets -€12,132
down €12,132 (-17.7%), from €68,665 to €56,532
of which Furniture and vehicles: -€10,797
- Receivables within one year -€8,436
down €8,436 (-10.1%), from €83,203 to €74,767
of which Trade receivables: -€12,654
- Reserves +€113,000
up €113,000 (+41.9%), from €269,450 to €382,450
- Tax, wage and social debts -€40,629
down €40,629 (-34.7%), from €116,932 to €76,304
- Trade debts +€14,648
up €14,648 (+4092.6%), from €358 to €15,006
- Debts after one year -€7,894
down €7,894 (-74.4%), from €10,605 to €2,711
- Gross operating margin -€51,219
down €51,219 (-21.7%), from €235,571 to €184,352
- Taxes -€17,283
down €17,283 (-26.9%), from €64,293 to €47,010
- Depreciation +€2,388
up €2,388 (+12.8%), from €18,599 to €20,987
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 | €408,798 | €490,217 | +€81,419 | +19.9% |
| Fixed assets | 21/28 | €68,665 | €56,532 | -€12,132 | -17.7% |
| Tangible fixed assets | 22/27 | €68,665 | €56,532 | -€12,132 | -17.7% |
| Land and buildings | 22 | €9,914 | €9,984 | +€71 | +0.7% |
| Plant, machinery and equipment | 23 | €4,845 | €3,439 | -€1,406 | -29.0% |
| Furniture and vehicles | 24 | €53,906 | €43,109 | -€10,797 | -20.0% |
| Current assets | 29/58 | €340,133 | €433,685 | +€93,551 | +27.5% |
| Stocks and contracts in progress | 3 | €12,968 | €10,283 | -€2,685 | -20.7% |
| Stocks | 30/36 | €12,968 | €10,283 | -€2,685 | -20.7% |
| Amounts receivable within one year | 40/41 | €83,203 | €74,767 | -€8,436 | -10.1% |
| Trade receivables | 40 | €80,257 | €67,602 | -€12,654 | -15.8% |
| Other amounts receivable | 41 | €2,946 | €7,165 | +€4,218 | +143.2% |
| Cash at bank and in hand | 54/58 | €241,063 | €345,946 | +€104,883 | +43.5% |
| Deferred charges and accrued income | 490/1 | €2,899 | €2,689 | -€211 | -7.3% |
| Total equity and liabilities | 10/49 | €408,798 | €490,217 | +€81,419 | +19.9% |
| Equity | 10/15 | €272,488 | €385,955 | +€113,467 | +41.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €269,450 | €382,450 | +€113,000 | +41.9% |
| Distributable reserves | 133 | €269,450 | €382,450 | +€113,000 | +41.9% |
| Profit (loss) carried forward | 14 | €38 | €505 | +€467 | +1215.2% |
| Amounts payable | 17/49 | €136,310 | €104,262 | -€32,048 | -23.5% |
| Amounts payable after more than one year | 17 | €10,605 | €2,711 | -€7,894 | -74.4% |
| Financial debts | 170/4 | €10,605 | €2,711 | -€7,894 | -74.4% |
| Amounts payable within one year | 42/48 | €125,705 | €101,550 | -€24,154 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €7,547 | €7,894 | +€347 | +4.6% |
| Trade debts | 44 | €358 | €15,006 | +€14,648 | +4092.6% |
| Suppliers | 440/4 | €358 | €15,006 | +€14,648 | +4092.6% |
| Taxes, remuneration and social security | 45 | €116,932 | €76,304 | -€40,629 | -34.7% |
| Taxes | 450/3 | €116,932 | €76,304 | -€40,629 | -34.7% |
| Other amounts payable | 47/48 | €868 | €2,347 | +€1,480 | +170.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,599 | €20,987 | +€2,388 | +12.8% |
| Other operating charges | 640/8 | €1,099 | €1,259 | +€160 | +14.6% |
| Gross operating margin | 9900 | €235,571 | €184,352 | -€51,219 | -21.7% |
| Operating profit (loss) | 9901 | €215,873 | €162,106 | -€53,767 | -24.9% |
| Financial income | 75/76B | €72 | €43 | -€29 | -40.6% |
| Recurring financial income | 75 | €72 | €43 | -€29 | -40.6% |
| Financial charges | 65/66B | €1,138 | €839 | -€300 | -26.3% |
| Recurring financial charges | 65 | €1,138 | €839 | -€300 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €214,807 | €161,310 | -€53,497 | -24.9% |
| Income taxes | 67/77 | €64,293 | €47,010 | -€17,283 | -26.9% |
| Profit (loss) for the period | 9904 | €150,514 | €114,300 | -€36,214 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €150,514 | €114,300 | -€36,214 | -24.1% |
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.