Q-TILE: 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-TILE
Largest movements
- Receivables within one year -€27,985
down €27,985 (-68.4%), from €40,936 to €12,951
of which Trade receivables: -€27,985
- Cash +€12,234
new in 2025: €12,234
mainly Receivables within one year (+€27,985) and Net result for the year (+€3,979)
- Tangible fixed assets -€3,299
down €3,299 (-19.8%), from €16,641 to €13,342
- Stocks and contracts -€1,797
down €1,797 (-9.7%), from €18,616 to €16,819
- Trade debts -€24,354
down €24,354 (-52.3%), from €46,523 to €22,170
- Profit (loss) carried forward +€3,979
up €3,979 (+76.6%), from €5,191 to €9,169
- Tax, wage and social debts -€864
down €864 (-16.7%), from €5,171 to €4,307
- Gross operating margin -€2,850
down €2,850 (-21.1%), from €13,530 to €10,680
- Financial charges -€1,150
down €1,150 (-39.2%), from €2,936 to €1,786
- Taxes -€513
down €513 (-26.2%), from €1,962 to €1,448
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 | €76,612 | €55,346 | -€21,266 | -27.8% |
| Fixed assets | 21/28 | €16,641 | €13,342 | -€3,299 | -19.8% |
| Tangible fixed assets | 22/27 | €16,641 | €13,342 | -€3,299 | -19.8% |
| Other tangible fixed assets | 26 | €16,641 | €13,342 | -€3,299 | -19.8% |
| Current assets | 29/58 | €59,971 | €42,005 | -€17,966 | -30.0% |
| Stocks and contracts in progress | 3 | €18,616 | €16,819 | -€1,797 | -9.7% |
| Stocks | 30/36 | €18,616 | €16,819 | -€1,797 | -9.7% |
| Amounts receivable within one year | 40/41 | €40,936 | €12,951 | -€27,985 | -68.4% |
| Trade receivables | 40 | €35,086 | €7,101 | -€27,985 | -79.8% |
| Other amounts receivable | 41 | €5,850 | €5,850 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €12,234 | +€12,234 | |
| Deferred charges and accrued income | 490/1 | €419 | - | -€419 | |
| Total equity and liabilities | 10/49 | €76,612 | €55,346 | -€21,266 | -27.8% |
| Equity | 10/15 | €11,191 | €15,169 | +€3,979 | +35.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,191 | €9,169 | +€3,979 | +76.6% |
| Amounts payable | 17/49 | €65,421 | €40,177 | -€25,244 | -38.6% |
| Amounts payable within one year | 42/48 | €65,421 | €40,177 | -€25,244 | -38.6% |
| Financial debts | 43 | €26 | - | -€26 | |
| Credit institutions | 430/8 | €26 | - | -€26 | |
| Trade debts | 44 | €46,523 | €22,170 | -€24,354 | -52.3% |
| Suppliers | 440/4 | €46,523 | €22,170 | -€24,354 | -52.3% |
| Taxes, remuneration and social security | 45 | €5,171 | €4,307 | -€864 | -16.7% |
| Taxes | 450/3 | €5,171 | €4,307 | -€864 | -16.7% |
| Other amounts payable | 47/48 | €13,700 | €13,700 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,299 | €3,299 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €13,530 | €10,680 | -€2,850 | -21.1% |
| Operating profit (loss) | 9901 | €9,703 | €6,837 | -€2,866 | -29.5% |
| Financial income | 75/76B | €385 | €376 | -€10 | -2.5% |
| Recurring financial income | 75 | €385 | €376 | -€10 | -2.5% |
| Financial charges | 65/66B | €2,936 | €1,786 | -€1,150 | -39.2% |
| Recurring financial charges | 65 | €2,936 | €1,786 | -€1,150 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €7,152 | €5,427 | -€1,725 | -24.1% |
| Income taxes | 67/77 | €1,962 | €1,448 | -€513 | -26.2% |
| Profit (loss) for the period | 9904 | €5,191 | €3,979 | -€1,212 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,191 | €3,979 | -€1,212 | -23.4% |
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.