Q Xpert: 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 Xpert
Largest movements
- Receivables within one year -€15,404
down €15,404 (-49.8%), from €30,923 to €15,519
of which Trade receivables: -€18,355
- Cash +€12,699
up €12,699 (+128%), from €9,957 to €22,656
mainly Net result for the year (+€26,875) and Other debts (+€23,092)
- Reserves -€38,227
down €38,227 (-46.9%), from €81,427 to €43,201
- Other debts +€23,092
up €23,092 (+62.4%), from €36,997 to €60,089
- Contributions +€6,138
up €6,138 (+49.3%), from €12,462 to €18,600
- Tax, wage and social debts +€4,932
up €4,932 (+41.8%), from €11,787 to €16,719
- Gross operating margin -€16,116
down €16,116 (-32.9%), from €48,995 to €32,879
- Taxes -€3,379
down €3,379 (-27.1%), from €12,451 to €9,072
- Financial income +€1,531
up €1,531 (+55.0%), from €2,785 to €4,315
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 | €142,673 | €138,609 | -€4,064 | -2.8% |
| Fixed assets | 21/28 | €748 | €468 | -€280 | -37.4% |
| Tangible fixed assets | 22/27 | €748 | €468 | -€280 | -37.4% |
| Furniture and vehicles | 24 | €748 | €468 | -€280 | -37.4% |
| Current assets | 29/58 | €141,925 | €138,140 | -€3,784 | -2.7% |
| Amounts receivable within one year | 40/41 | €30,923 | €15,519 | -€15,404 | -49.8% |
| Trade receivables | 40 | €27,035 | €8,680 | -€18,355 | -67.9% |
| Other amounts receivable | 41 | €3,888 | €6,838 | +€2,950 | +75.9% |
| Current investments | 50/53 | €100,000 | €99,399 | -€601 | -0.6% |
| Cash at bank and in hand | 54/58 | €9,957 | €22,656 | +€12,699 | +128% |
| Deferred charges and accrued income | 490/1 | €1,044 | €567 | -€478 | -45.7% |
| Total equity and liabilities | 10/49 | €142,673 | €138,609 | -€4,064 | -2.8% |
| Equity | 10/15 | €93,889 | €61,801 | -€32,089 | -34.2% |
| Contributions | 10/11 | €12,462 | €18,600 | +€6,138 | +49.3% |
| Reserves | 13 | €81,427 | €43,201 | -€38,227 | -46.9% |
| Distributable reserves | 133 | €81,427 | €43,201 | -€38,227 | -46.9% |
| Amounts payable | 17/49 | €48,784 | €76,808 | +€28,024 | +57.4% |
| Amounts payable within one year | 42/48 | €48,784 | €76,808 | +€28,024 | +57.4% |
| Taxes, remuneration and social security | 45 | €11,787 | €16,719 | +€4,932 | +41.8% |
| Taxes | 450/3 | €11,787 | €16,719 | +€4,932 | +41.8% |
| Other amounts payable | 47/48 | €36,997 | €60,089 | +€23,092 | +62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €487 | €280 | -€207 | -42.5% |
| Other operating charges | 640/8 | €638 | €814 | +€176 | +27.6% |
| Gross operating margin | 9900 | €48,995 | €32,879 | -€16,116 | -32.9% |
| Operating profit (loss) | 9901 | €47,870 | €31,785 | -€16,085 | -33.6% |
| Financial income | 75/76B | €2,785 | €4,315 | +€1,531 | +55.0% |
| Recurring financial income | 75 | €2,785 | €4,315 | +€1,531 | +55.0% |
| Financial charges | 65/66B | €555 | €153 | -€403 | -72.5% |
| Recurring financial charges | 65 | €555 | €153 | -€403 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | €50,099 | €35,947 | -€14,152 | -28.2% |
| Income taxes | 67/77 | €12,451 | €9,072 | -€3,379 | -27.1% |
| Profit (loss) for the period | 9904 | €37,648 | €26,875 | -€10,773 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,648 | €26,875 | -€10,773 | -28.6% |
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 13 October 2026 via checked.be.