Q-Trans: 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-Trans
Largest movements
- Tangible fixed assets -€11,562
down €11,562 (-8.0%), from €144,695 to €133,133
of which Land and buildings: -€9,418
- Receivables within one year -€6,161
down €6,161 (-78.4%), from €7,855 to €1,694
- Trade debts +€12,043
up €12,043 (+106.0%), from €11,362 to €23,405
- Debts after one year -€11,579
down €11,579 (-10.0%), from €115,567 to €103,988
- Other debts -€10,966
down €10,966 (-54.2%), from €20,215 to €9,249
- Profit (loss) carried forward -€6,686
down €6,686 (-17.8%), from -€37,616 to -€44,302
- Tax, wage and social debts +€3,932
up €3,932 (+24.7%), from €15,945 to €19,876
- Gross operating margin -€21,628
down €21,628 (-39.3%), from €55,068 to €33,440
- Other operating charges -€3,428
down €3,428 (-52.1%), from €6,577 to €3,149
- Financial charges -€796
down €796 (-11.7%), from €6,806 to €6,010
- Depreciation +€640
up €640 (+2.6%), from €24,328 to €24,967
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 | €209,199 | €192,539 | -€16,660 | -8.0% |
| Fixed assets | 21/28 | €144,695 | €133,133 | -€11,562 | -8.0% |
| Tangible fixed assets | 22/27 | €144,695 | €133,133 | -€11,562 | -8.0% |
| Land and buildings | 22 | €102,610 | €93,192 | -€9,418 | -9.2% |
| Plant, machinery and equipment | 23 | €30,431 | €36,296 | +€5,865 | +19.3% |
| Furniture and vehicles | 24 | €11,655 | €3,646 | -€8,010 | -68.7% |
| Current assets | 29/58 | €64,504 | €59,406 | -€5,098 | -7.9% |
| Amounts receivable within one year | 40/41 | €7,855 | €1,694 | -€6,161 | -78.4% |
| Trade receivables | 40 | €7,855 | €1,694 | -€6,161 | -78.4% |
| Cash at bank and in hand | 54/58 | €56,649 | €57,712 | +€1,063 | +1.9% |
| Total equity and liabilities | 10/49 | €209,199 | €192,539 | -€16,660 | -8.0% |
| Equity | 10/15 | €31,127 | €24,441 | -€6,686 | -21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,144 | €50,144 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €48,284 | €48,284 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,616 | -€44,302 | -€6,686 | -17.8% |
| Amounts payable | 17/49 | €178,072 | €168,098 | -€9,974 | -5.6% |
| Amounts payable after more than one year | 17 | €115,567 | €103,988 | -€11,579 | -10.0% |
| Financial debts | 170/4 | €115,567 | €103,988 | -€11,579 | -10.0% |
| Amounts payable within one year | 42/48 | €62,504 | €64,110 | +€1,605 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €14,983 | €11,579 | -€3,404 | -22.7% |
| Trade debts | 44 | €11,362 | €23,405 | +€12,043 | +106.0% |
| Suppliers | 440/4 | €11,362 | €23,405 | +€12,043 | +106.0% |
| Taxes, remuneration and social security | 45 | €15,945 | €19,876 | +€3,932 | +24.7% |
| Taxes | 450/3 | €15,945 | €19,876 | +€3,932 | +24.7% |
| Other amounts payable | 47/48 | €20,215 | €9,249 | -€10,966 | -54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,328 | €24,967 | +€640 | +2.6% |
| Other operating charges | 640/8 | €6,577 | €3,149 | -€3,428 | -52.1% |
| Gross operating margin | 9900 | €55,068 | €33,440 | -€21,628 | -39.3% |
| Operating profit (loss) | 9901 | €24,163 | €5,324 | -€18,840 | -78.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +2550.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2550.0% |
| Financial charges | 65/66B | €6,806 | €6,010 | -€796 | -11.7% |
| Recurring financial charges | 65 | €6,806 | €6,010 | -€796 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €17,357 | -€686 | -€18,043 | |
| Income taxes | 67/77 | €6,477 | €6,000 | -€477 | -7.4% |
| Profit (loss) for the period | 9904 | €10,880 | -€6,686 | -€17,567 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,880 | -€6,686 | -€17,567 |
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 3 October 2026 via checked.be.