Q-WARE: 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-WARE
Largest movements
- Cash +€10,061
up €10,061 (+668.7%), from €1,504 to €11,565
mainly Debts after one year (+€28,401) and Depreciation (+€24,451)
- Intangible fixed assets -€5,715
down €5,715 (-33.3%), from €17,144 to €11,430
- Tangible fixed assets -€3,492
down €3,492 (-2.2%), from €162,410 to €158,918
of which Land and buildings: -€2,350
- Receivables within one year +€2,727
up €2,727 (+8.7%), from €31,266 to €33,993
of which Trade receivables: +€2,740
- Debts after one year +€28,401
up €28,401 (+23.0%), from €123,432 to €151,833
- Trade debts -€11,926
down €11,926 (-62.8%), from €19,004 to €7,077
- Current portion of long-term debt -€11,568
down €11,568 (-100.0%), from €11,568 to €0
- Other debts +€10,798
up €10,798 (+8943.2%), from €121 to €10,919
- Short-term financial debts -€5,996
down €5,996 (-100.0%), from €5,996 to €0
- Gross operating margin +€35,973
up €35,973 (+705.7%), from €5,097 to €41,071
- Depreciation +€21,325
up €21,325 (+682.2%), from €3,126 to €24,451
- Taxes +€6,605
up €6,605, from -€108 to €6,497
- Financial charges +€3,115
up €3,115 (+129.5%), from €2,405 to €5,520
- Financial income -€2,225
down €2,225 (-40.3%), from €5,516 to €3,291
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 | €220,872 | €225,463 | +€4,591 | +2.1% |
| Fixed assets | 21/28 | €187,204 | €178,447 | -€8,757 | -4.7% |
| Intangible fixed assets | 21 | €17,144 | €11,430 | -€5,715 | -33.3% |
| Tangible fixed assets | 22/27 | €162,410 | €158,918 | -€3,492 | -2.2% |
| Land and buildings | 22 | €160,488 | €158,137 | -€2,350 | -1.5% |
| Plant, machinery and equipment | 23 | €535 | €56 | -€479 | -89.5% |
| Furniture and vehicles | 24 | €1,387 | €725 | -€662 | -47.8% |
| Financial fixed assets | 28 | €7,650 | €8,100 | +€450 | +5.9% |
| Current assets | 29/58 | €33,668 | €47,016 | +€13,348 | +39.6% |
| Amounts receivable within one year | 40/41 | €31,266 | €33,993 | +€2,727 | +8.7% |
| Trade receivables | 40 | €31,251 | €33,991 | +€2,740 | +8.8% |
| Other amounts receivable | 41 | €15 | €3 | -€13 | -83.5% |
| Cash at bank and in hand | 54/58 | €1,504 | €11,565 | +€10,061 | +668.7% |
| Deferred charges and accrued income | 490/1 | €897 | €1,457 | +€560 | +62.4% |
| Total equity and liabilities | 10/49 | €220,872 | €225,463 | +€4,591 | +2.1% |
| Equity | 10/15 | €48,334 | €45,948 | -€2,386 | -4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,348 | €27,348 | = | 0.0% |
| Non-distributable reserves | 130/1 | €134 | €134 | = | 0.0% |
| Reserves not available under the articles | 1311 | €134 | €134 | = | 0.0% |
| Distributable reserves | 133 | €27,214 | €27,214 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,386 | €0 | -€2,386 | -100.0% |
| Amounts payable | 17/49 | €172,538 | €179,515 | +€6,977 | +4.0% |
| Amounts payable after more than one year | 17 | €123,432 | €151,833 | +€28,401 | +23.0% |
| Financial debts | 170/4 | €123,432 | €151,833 | +€28,401 | +23.0% |
| Amounts payable within one year | 42/48 | €49,106 | €27,681 | -€21,424 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €11,568 | €0 | -€11,568 | -100.0% |
| Financial debts | 43 | €5,996 | €0 | -€5,996 | -100.0% |
| Credit institutions | 430/8 | €5,996 | €0 | -€5,996 | -100.0% |
| Trade debts | 44 | €19,004 | €7,077 | -€11,926 | -62.8% |
| Suppliers | 440/4 | €19,004 | €7,077 | -€11,926 | -62.8% |
| Taxes, remuneration and social security | 45 | €12,418 | €9,685 | -€2,732 | -22.0% |
| Taxes | 450/3 | €12,418 | €9,685 | -€2,732 | -22.0% |
| Other amounts payable | 47/48 | €121 | €10,919 | +€10,798 | +8943.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,126 | €24,451 | +€21,325 | +682.2% |
| Other operating charges | 640/8 | €2,805 | €1,321 | -€1,484 | -52.9% |
| Gross operating margin | 9900 | €5,097 | €41,071 | +€35,973 | +705.7% |
| Operating profit (loss) | 9901 | -€834 | €15,299 | +€16,133 | |
| Financial income | 75/76B | €5,516 | €3,291 | -€2,225 | -40.3% |
| Recurring financial income | 75 | €5,516 | €3,291 | -€2,225 | -40.3% |
| Financial charges | 65/66B | €2,405 | €5,520 | +€3,115 | +129.5% |
| Recurring financial charges | 65 | €2,405 | €5,520 | +€3,115 | +129.5% |
| Profit (loss) for the period before taxes | 9903 | €2,277 | €13,070 | +€10,793 | +473.9% |
| Income taxes | 67/77 | -€108 | €6,497 | +€6,605 | |
| Profit (loss) for the period | 9904 | €2,386 | €6,573 | +€4,188 | +175.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,386 | €6,573 | +€4,188 | +175.6% |
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 10 October 2026 via checked.be.