Q8G BDC: 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.
Q8G BDC
Largest movements
- Cash -€58,285
down €58,285 (-47.6%), from €122,572 to €64,287
mainly Other debts (-€111,345) and Trade debts (-€47,933)
- Receivables within one year -€24,844
down €24,844 (-17.9%), from €138,464 to €113,620
of which Trade receivables: -€56,353
- Deferred charges and accrued income -€8,611
down €8,611 (-45.2%), from €19,043 to €10,432
- Stocks and contracts +€6,894
up €6,894 (+8.5%), from €81,484 to €88,378
- Other debts -€111,345
down €111,345 (-84.2%), from €132,164 to €20,819
- Trade debts -€47,933
down €47,933 (-51.2%), from €93,568 to €45,635
- Profit (loss) carried forward +€45,684
up €45,684 (+148%), from €30,904 to €76,588
- Tax, wage and social debts +€28,302
up €28,302 (+34.5%), from €82,058 to €110,359
of which Remuneration and social security: +€19,201
- Gross operating margin -€87,181
down €87,181 (-19.4%), from €448,664 to €361,483
- Financial income -€11,179
down €11,179 (-17.4%), from €64,275 to €53,096
- Staff costs -€8,711
down €8,711 (-2.5%), from €347,971 to €339,261
- Taxes +€5,043
up €5,043 (+125%), from €4,031 to €9,074
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 | €363,694 | €278,847 | -€84,847 | -23.3% |
| Fixed assets | 21/28 | €2,130 | €2,130 | = | 0.0% |
| Financial fixed assets | 28 | €2,130 | €2,130 | = | 0.0% |
| Current assets | 29/58 | €361,564 | €276,717 | -€84,847 | -23.5% |
| Stocks and contracts in progress | 3 | €81,484 | €88,378 | +€6,894 | +8.5% |
| Stocks | 30/36 | €81,484 | €88,378 | +€6,894 | +8.5% |
| Amounts receivable within one year | 40/41 | €138,464 | €113,620 | -€24,844 | -17.9% |
| Trade receivables | 40 | €59,126 | €2,773 | -€56,353 | -95.3% |
| Other amounts receivable | 41 | €79,338 | €110,847 | +€31,509 | +39.7% |
| Cash at bank and in hand | 54/58 | €122,572 | €64,287 | -€58,285 | -47.6% |
| Deferred charges and accrued income | 490/1 | €19,043 | €10,432 | -€8,611 | -45.2% |
| Total equity and liabilities | 10/49 | €363,694 | €278,847 | -€84,847 | -23.3% |
| Equity | 10/15 | €55,904 | €101,588 | +€45,684 | +81.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,904 | €76,588 | +€45,684 | +148% |
| Amounts payable | 17/49 | €307,790 | €177,259 | -€130,530 | -42.4% |
| Amounts payable within one year | 42/48 | €307,790 | €176,814 | -€130,976 | -42.6% |
| Trade debts | 44 | €93,568 | €45,635 | -€47,933 | -51.2% |
| Suppliers | 440/4 | €93,568 | €45,635 | -€47,933 | -51.2% |
| Taxes, remuneration and social security | 45 | €82,058 | €110,359 | +€28,302 | +34.5% |
| Taxes | 450/3 | €7,702 | €16,803 | +€9,101 | +118% |
| Remuneration and social security | 454/9 | €74,355 | €93,556 | +€19,201 | +25.8% |
| Other amounts payable | 47/48 | €132,164 | €20,819 | -€111,345 | -84.2% |
| Accrued charges and deferred income | 492/3 | - | €446 | +€446 | |
| Remuneration, social security and pensions | 62 | €347,971 | €339,261 | -€8,711 | -2.5% |
| Other operating charges | 640/8 | €3,145 | €403 | -€2,743 | -87.2% |
| Gross operating margin | 9900 | €448,664 | €361,483 | -€87,181 | -19.4% |
| Operating profit (loss) | 9901 | €97,548 | €21,820 | -€75,728 | -77.6% |
| Financial income | 75/76B | €64,275 | €53,096 | -€11,179 | -17.4% |
| Recurring financial income | 75 | €64,275 | €53,096 | -€11,179 | -17.4% |
| Financial charges | 65/66B | €2,256 | €2,158 | -€98 | -4.3% |
| Recurring financial charges | 65 | €2,256 | €2,158 | -€98 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €159,567 | €72,757 | -€86,809 | -54.4% |
| Income taxes | 67/77 | €4,031 | €9,074 | +€5,043 | +125% |
| Profit (loss) for the period | 9904 | €155,536 | €63,684 | -€91,853 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €155,536 | €63,684 | -€91,853 | -59.1% |
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 28 October 2026 via checked.be.