QBMT: 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.
QBMT
Largest movements
- Cash -€36,083
down €36,083 (-96.3%), from €37,471 to €1,388
mainly Other debts (-€86,955) and Trade debts (-€13,951)
- Receivables within one year -€28,540
down €28,540 (-34.2%), from €83,394 to €54,854
of which Trade receivables: -€31,687
- Other debts -€86,955
down €86,955 (-18.9%), from €459,800 to €372,845
- Debts after one year +€39,301
up €39,301 (+4.1%), from €965,970 to €1.0m
- Accrued charges and deferred income +€15,297
up €15,297 (+2,317,733%), from €1 to €15,298
- Trade debts -€13,951
down €13,951 (-66.1%), from €21,116 to €7,165
- Tax, wage and social debts -€8,998
down €8,998 (-100%), from €8,998 to €0
of which Remuneration and social security: -€8,145
- Gross operating margin +€167,280
up €167,280, from -€32,667 to €134,612
- Other operating charges +€43,161
up €43,161 (+2,941%), from €1,467 to €44,628
- Staff costs -€23,160
down €23,160 (-36.8%), from €62,990 to €39,829
- Financial charges +€18,223
up €18,223 (+44.7%), from €40,750 to €58,973
- Depreciation -€5,892
down €5,892 (-100%), from €5,892 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,932 | €69,779 | -€64,153 | -47.9% |
| Fixed assets | 21/28 | €1,300 | €1,000 | -€300 | -23.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €300 | €0 | -€300 | -100% |
| Furniture and vehicles | 24 | €300 | €0 | -€300 | -100% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €132,632 | €68,779 | -€63,853 | -48.1% |
| Stocks and contracts in progress | 3 | €11,709 | €12,536 | +€827 | +7.1% |
| Stocks | 30/36 | €11,709 | €12,536 | +€827 | +7.1% |
| Amounts receivable within one year | 40/41 | €83,394 | €54,854 | -€28,540 | -34.2% |
| Trade receivables | 40 | €60,335 | €28,648 | -€31,687 | -52.5% |
| Other amounts receivable | 41 | €23,059 | €26,206 | +€3,147 | +13.6% |
| Cash at bank and in hand | 54/58 | €37,471 | €1,388 | -€36,083 | -96.3% |
| Deferred charges and accrued income | 490/1 | €58 | €0 | -€58 | -100% |
| Total equity and liabilities | 10/49 | €133,932 | €69,779 | -€64,153 | -47.9% |
| Equity | 10/15 | -€1,321,953 | -€1,330,800 | -€8,847 | -0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €62,701 | €62,701 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,252 | €19,252 | = | 0.0% |
| Distributable reserves | 133 | €41,588 | €41,588 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,446,653 | -€1,455,500 | -€8,847 | -0.6% |
| Amounts payable | 17/49 | €1,455,885 | €1,400,578 | -€55,307 | -3.8% |
| Amounts payable after more than one year | 17 | €965,970 | €1,005,271 | +€39,301 | +4.1% |
| Financial debts | 170/4 | €965,970 | €1,005,271 | +€39,301 | +4.1% |
| Amounts payable within one year | 42/48 | €489,914 | €380,010 | -€109,904 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €21,116 | €7,165 | -€13,951 | -66.1% |
| Suppliers | 440/4 | €21,116 | €7,165 | -€13,951 | -66.1% |
| Taxes, remuneration and social security | 45 | €8,998 | €0 | -€8,998 | -100% |
| Taxes | 450/3 | €853 | €0 | -€853 | -100% |
| Remuneration and social security | 454/9 | €8,145 | €0 | -€8,145 | -100% |
| Other amounts payable | 47/48 | €459,800 | €372,845 | -€86,955 | -18.9% |
| Accrued charges and deferred income | 492/3 | €1 | €15,298 | +€15,297 | +2,317,733% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €62,990 | €39,829 | -€23,160 | -36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,892 | €0 | -€5,892 | -100% |
| Other operating charges | 640/8 | €1,467 | €44,628 | +€43,161 | +2,941% |
| Non-recurring operating charges | 66A | - | €300 | +€300 | |
| Gross operating margin | 9900 | -€32,667 | €134,612 | +€167,280 | |
| Operating profit (loss) | 9901 | -€103,017 | €49,854 | +€152,871 | |
| Financial income | 75/76B | €4,138 | €272 | -€3,866 | -93.4% |
| Recurring financial income | 75 | €4,138 | €272 | -€3,866 | -93.4% |
| Financial charges | 65/66B | €40,750 | €58,973 | +€18,223 | +44.7% |
| Recurring financial charges | 65 | €40,750 | €58,973 | +€18,223 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | -€139,629 | -€8,847 | +€130,783 | +93.7% |
| Profit (loss) for the period | 9904 | -€139,629 | -€8,847 | +€130,783 | +93.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€139,629 | -€8,847 | +€130,783 | +93.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.