QATSI: 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.
QATSI
Largest movements
- Receivables within one year -€18,272
down €18,272 (-67.4%), from €27,090 to €8,818
of which Trade receivables: -€16,764
- Tangible fixed assets +€6,808
up €6,808 (+68.8%), from €9,901 to €16,709
of which Furniture and vehicles: +€3,666
- Cash -€3,846
down €3,846 (-98.2%), from €3,918 to €72
mainly Other debts (-€18,707) and Investment in fixed assets (net) (-€12,698)
- Other debts -€18,707
down €18,707 (-55.1%), from €33,944 to €15,237
- Trade debts -€8,642
down €8,642 (-58.8%), from €14,702 to €6,060
- Profit (loss) carried forward +€8,634
up €8,634 (+90.4%), from -€9,546 to -€913
- Tax, wage and social debts +€2,994
up €2,994 (+370%), from €809 to €3,803
- Accrued charges and deferred income +€413
new in 2025: €413
- Gross operating margin +€20,807
up €20,807, from -€3,228 to €17,579
- Depreciation +€2,738
up €2,738 (+86.9%), from €3,152 to €5,889
- Taxes +€1,326
up €1,326 (+1,266%), from €105 to €1,431
- Financial charges -€651
down €651 (-71.7%), from €907 to €257
- Other operating charges +€385
up €385 (+39.1%), from €983 to €1,368
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 | €40,909 | €25,600 | -€15,309 | -37.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €9,901 | €16,709 | +€6,808 | +68.8% |
| Tangible fixed assets | 22/27 | €9,901 | €16,709 | +€6,808 | +68.8% |
| Plant, machinery and equipment | 23 | €8,289 | €11,431 | +€3,142 | +37.9% |
| Furniture and vehicles | 24 | €1,612 | €5,278 | +€3,666 | +227% |
| Current assets | 29/58 | €31,008 | €8,891 | -€22,117 | -71.3% |
| Amounts receivable within one year | 40/41 | €27,090 | €8,818 | -€18,272 | -67.4% |
| Trade receivables | 40 | €25,483 | €8,719 | -€16,764 | -65.8% |
| Other amounts receivable | 41 | €1,607 | €100 | -€1,508 | -93.8% |
| Cash at bank and in hand | 54/58 | €3,918 | €72 | -€3,846 | -98.2% |
| Total equity and liabilities | 10/49 | €40,909 | €25,600 | -€15,309 | -37.4% |
| Equity | 10/15 | -€8,546 | €87 | +€8,634 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,546 | -€913 | +€8,634 | +90.4% |
| Amounts payable | 17/49 | €49,455 | €25,513 | -€23,943 | -48.4% |
| Amounts payable within one year | 42/48 | €49,455 | €25,100 | -€24,356 | -49.2% |
| Trade debts | 44 | €14,702 | €6,060 | -€8,642 | -58.8% |
| Suppliers | 440/4 | €14,702 | €6,060 | -€8,642 | -58.8% |
| Taxes, remuneration and social security | 45 | €809 | €3,803 | +€2,994 | +370% |
| Taxes | 450/3 | €809 | €3,803 | +€2,994 | +370% |
| Other amounts payable | 47/48 | €33,944 | €15,237 | -€18,707 | -55.1% |
| Accrued charges and deferred income | 492/3 | - | €413 | +€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,152 | €5,889 | +€2,738 | +86.9% |
| Other operating charges | 640/8 | €983 | €1,368 | +€385 | +39.1% |
| Gross operating margin | 9900 | -€3,228 | €17,579 | +€20,807 | |
| Operating profit (loss) | 9901 | -€7,363 | €10,321 | +€17,684 | |
| Financial charges | 65/66B | €907 | €257 | -€651 | -71.7% |
| Recurring financial charges | 65 | €907 | €257 | -€651 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,270 | €10,065 | +€18,335 | |
| Income taxes | 67/77 | €105 | €1,431 | +€1,326 | +1,266% |
| Profit (loss) for the period | 9904 | -€8,375 | €8,634 | +€17,008 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,375 | €8,634 | +€17,008 |
Source: filed annual accounts (NBB), financial years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.