Q-Tow: 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-Tow
Largest movements
- Receivables after one year +€235,000
new in 2023: €235,000
- Receivables within one year -€168,808
down €168,808 (-68.9%), from €245,012 to €76,205
of which Other amounts receivable: -€181,429
- Cash -€14,126
down €14,126 (-100%), from €14,126 to €0
mainly Receivables after one year (-€235,000) and Tax, wage and social debts (-€20,990)
- Tangible fixed assets +€9,481
new in 2023: €9,481
- Profit (loss) carried forward +€60,696
up €60,696 (+31.3%), from €193,913 to €254,609
- Tax, wage and social debts -€20,990
down €20,990 (-41.8%), from €50,251 to €29,261
- Short-term financial debts +€12,947
new in 2023: €12,947
- Trade debts +€8,894
up €8,894 (+358%), from €2,482 to €11,376
- Gross operating margin +€41,054
up €41,054 (+88.2%), from €46,539 to €87,593
- Taxes +€22,399
new in 2023: €22,399
- Financial income -€7,136
down €7,136 (-49.1%), from €14,538 to €7,402
- Other operating charges +€6,636
new in 2023: €6,636
- Depreciation +€2,483
new in 2023: €2,483
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €259,794 | €321,341 | +€61,547 | +23.7% |
| Fixed assets | 21/28 | - | €9,481 | +€9,481 | |
| Tangible fixed assets | 22/27 | - | €9,481 | +€9,481 | |
| Furniture and vehicles | 24 | - | €9,481 | +€9,481 | |
| Current assets | 29/58 | €259,794 | €311,860 | +€52,066 | +20.0% |
| Amounts receivable after more than one year | 29 | - | €235,000 | +€235,000 | |
| Other amounts receivable | 291 | - | €235,000 | +€235,000 | |
| Amounts receivable within one year | 40/41 | €245,012 | €76,205 | -€168,808 | -68.9% |
| Trade receivables | 40 | €30,702 | €43,323 | +€12,621 | +41.1% |
| Other amounts receivable | 41 | €214,311 | €32,882 | -€181,429 | -84.7% |
| Cash at bank and in hand | 54/58 | €14,126 | €0 | -€14,126 | -100% |
| Deferred charges and accrued income | 490/1 | €656 | €655 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €259,794 | €321,341 | +€61,547 | +23.7% |
| Equity | 10/15 | €207,061 | €267,757 | +€60,696 | +29.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €747 | €747 | = | 0.0% |
| Non-distributable reserves | 130/1 | €747 | €747 | = | 0.0% |
| Reserves not available under the articles | 1311 | €747 | €747 | = | 0.0% |
| Profit (loss) carried forward | 14 | €193,913 | €254,609 | +€60,696 | +31.3% |
| Amounts payable | 17/49 | €52,733 | €53,584 | +€851 | +1.6% |
| Amounts payable within one year | 42/48 | €52,733 | €53,584 | +€851 | +1.6% |
| Financial debts | 43 | - | €12,947 | +€12,947 | |
| Credit institutions | 430/8 | - | €12,947 | +€12,947 | |
| Trade debts | 44 | €2,482 | €11,376 | +€8,894 | +358% |
| Suppliers | 440/4 | €2,482 | €11,376 | +€8,894 | +358% |
| Taxes, remuneration and social security | 45 | €50,251 | €29,261 | -€20,990 | -41.8% |
| Taxes | 450/3 | €50,251 | €29,261 | -€20,990 | -41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,483 | +€2,483 | |
| Other operating charges | 640/8 | - | €6,636 | +€6,636 | |
| Gross operating margin | 9900 | €46,539 | €87,593 | +€41,054 | +88.2% |
| Operating profit (loss) | 9901 | €46,539 | €78,474 | +€31,935 | +68.6% |
| Financial income | 75/76B | €14,538 | €7,402 | -€7,136 | -49.1% |
| Recurring financial income | 75 | €14,538 | €7,402 | -€7,136 | -49.1% |
| Financial charges | 65/66B | €777 | €2,781 | +€2,005 | +258% |
| Recurring financial charges | 65 | €777 | €2,781 | +€2,005 | +258% |
| Profit (loss) for the period before taxes | 9903 | €60,300 | €83,094 | +€22,794 | +37.8% |
| Income taxes | 67/77 | - | €22,399 | +€22,399 | |
| Profit (loss) for the period | 9904 | €60,300 | €60,696 | +€396 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,300 | €60,696 | +€396 | +0.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.