Q-TIPS MANAGEMENT: 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-TIPS MANAGEMENT
Largest movements
- Receivables within one year +€28,752
up €28,752 (+7,685%), from €374 to €29,126
of which Trade receivables: +€28,546
- Cash -€8,208
down €8,208 (-45.3%), from €18,127 to €9,919
mainly Receivables within one year (-€28,752) and Investment in fixed assets (net) (-€4,411)
- Tangible fixed assets +€3,180
new in 2025: €3,180
- Financial fixed assets +€755
new in 2025: €755
- Profit (loss) carried forward +€16,602
up €16,602 (+777%), from €2,138 to €18,739
- Tax, wage and social debts +€5,526
up €5,526 (+59.6%), from €9,271 to €14,798
of which Taxes: +€5,826
- Debts after one year +€1,774
new in 2025: €1,774
- Current portion of long-term debt +€1,201
new in 2025: €1,201
- Trade debts -€623
down €623 (-29.8%), from €2,092 to €1,469
- Gross operating margin +€21,391
up €21,391 (+457%), from €4,685 to €26,076
- Taxes +€5,106
up €5,106 (+357%), from €1,430 to €6,536
- Other operating charges +€709
up €709 (+144%), from €490 to €1,199
- Financial charges +€637
up €637 (+102%), from €627 to €1,264
- Depreciation +€476
new in 2025: €476
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 | €18,501 | €42,981 | +€24,479 | +132% |
| Fixed assets | 21/28 | - | €3,935 | +€3,935 | |
| Tangible fixed assets | 22/27 | - | €3,180 | +€3,180 | |
| Furniture and vehicles | 24 | - | €3,180 | +€3,180 | |
| Financial fixed assets | 28 | - | €755 | +€755 | |
| Current assets | 29/58 | €18,501 | €39,045 | +€20,544 | +111% |
| Amounts receivable within one year | 40/41 | €374 | €29,126 | +€28,752 | +7,685% |
| Trade receivables | 40 | - | €28,546 | +€28,546 | |
| Other amounts receivable | 41 | €374 | €580 | +€205 | +54.9% |
| Cash at bank and in hand | 54/58 | €18,127 | €9,919 | -€8,208 | -45.3% |
| Total equity and liabilities | 10/49 | €18,501 | €42,981 | +€24,479 | +132% |
| Equity | 10/15 | €7,138 | €23,739 | +€16,602 | +233% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,138 | €18,739 | +€16,602 | +777% |
| Amounts payable | 17/49 | €11,363 | €19,241 | +€7,878 | +69.3% |
| Amounts payable after more than one year | 17 | - | €1,774 | +€1,774 | |
| Financial debts | 170/4 | - | €1,774 | +€1,774 | |
| Amounts payable within one year | 42/48 | €11,363 | €17,467 | +€6,104 | +53.7% |
| Current portion of amounts payable after more than one year | 42 | - | €1,201 | +€1,201 | |
| Trade debts | 44 | €2,092 | €1,469 | -€623 | -29.8% |
| Suppliers | 440/4 | €2,092 | €1,469 | -€623 | -29.8% |
| Taxes, remuneration and social security | 45 | €9,271 | €14,798 | +€5,526 | +59.6% |
| Taxes | 450/3 | €6,317 | €12,143 | +€5,826 | +92.2% |
| Remuneration and social security | 454/9 | €2,955 | €2,655 | -€300 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €476 | +€476 | |
| Other operating charges | 640/8 | €490 | €1,199 | +€709 | +144% |
| Gross operating margin | 9900 | €4,685 | €26,076 | +€21,391 | +457% |
| Operating profit (loss) | 9901 | €4,195 | €24,401 | +€20,207 | +482% |
| Financial income | 75/76B | €1 | €1 | +€1 | +73.5% |
| Recurring financial income | 75 | €1 | €1 | +€1 | +73.5% |
| Financial charges | 65/66B | €627 | €1,264 | +€637 | +102% |
| Recurring financial charges | 65 | €627 | €1,264 | +€637 | +102% |
| Profit (loss) for the period before taxes | 9903 | €3,568 | €23,138 | +€19,570 | +548% |
| Income taxes | 67/77 | €1,430 | €6,536 | +€5,106 | +357% |
| Profit (loss) for the period | 9904 | €2,138 | €16,602 | +€14,464 | +677% |
| Profit (loss) for the period to be appropriated | 9905 | €2,138 | €16,602 | +€14,464 | +677% |
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 14 October 2026 via checked.be.