QD-tec: what changed
Two fiscal 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.
QD-tec
Largest movements
- Tangible fixed assets +€23,948
up €23,948 (+118.1%), from €20,276 to €44,224
- Cash +€11,408
up €11,408 (+148.0%), from €7,710 to €19,118
mainly Other debts (+€79,351) and Depreciation (+€11,356)
- Financial fixed assets -€8,000
down €8,000 (-26.1%), from €30,677 to €22,677
- Receivables within one year +€3,989
up €3,989 (+2.3%), from €170,186 to €174,175
of which Other amounts receivable: +€14,679
- Other debts +€79,351
up €79,351 (+81.8%), from €97,042 to €176,393
- Reserves -€54,993
down €54,993 (-66.2%), from €83,024 to €28,031
- Trade debts +€8,044
up €8,044 (+275.9%), from €2,916 to €10,960
- Gross operating margin -€22,069
down €22,069 (-60.7%), from €36,333 to €14,264
- Taxes -€6,281
down €6,281 (-90.5%), from €6,940 to €659
- Financial income -€5,769
down €5,769 (-89.2%), from €6,464 to €695
- Depreciation +€3,443
up €3,443 (+43.5%), from €7,913 to €11,356
- Financial charges -€944
down €944 (-54.6%), from €1,730 to €786
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 | €233,619 | €265,097 | +€31,478 | +13.5% |
| Fixed assets | 21/28 | €50,953 | €66,901 | +€15,948 | +31.3% |
| Tangible fixed assets | 22/27 | €20,276 | €44,224 | +€23,948 | +118.1% |
| Plant, machinery and equipment | 23 | €17,162 | €28,475 | +€11,313 | +65.9% |
| Furniture and vehicles | 24 | €2,754 | €14,297 | +€11,543 | +419.1% |
| Other tangible fixed assets | 26 | €360 | €1,452 | +€1,092 | +303.3% |
| Financial fixed assets | 28 | €30,677 | €22,677 | -€8,000 | -26.1% |
| Current assets | 29/58 | €182,666 | €198,196 | +€15,530 | +8.5% |
| Amounts receivable within one year | 40/41 | €170,186 | €174,175 | +€3,989 | +2.3% |
| Trade receivables | 40 | €21,151 | €10,461 | -€10,690 | -50.5% |
| Other amounts receivable | 41 | €149,035 | €163,714 | +€14,679 | +9.8% |
| Cash at bank and in hand | 54/58 | €7,710 | €19,118 | +€11,408 | +148.0% |
| Deferred charges and accrued income | 490/1 | €4,770 | €4,903 | +€133 | +2.8% |
| Total equity and liabilities | 10/49 | €233,619 | €265,097 | +€31,478 | +13.5% |
| Equity | 10/15 | €131,746 | €76,056 | -€55,690 | -42.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €83,024 | €28,031 | -€54,993 | -66.2% |
| Distributable reserves | 133 | €83,024 | €28,031 | -€54,993 | -66.2% |
| Profit (loss) carried forward | 14 | €28,722 | €28,025 | -€697 | -2.4% |
| Amounts payable | 17/49 | €101,873 | €189,041 | +€87,168 | +85.6% |
| Amounts payable within one year | 42/48 | €100,288 | €188,404 | +€88,116 | +87.9% |
| Trade debts | 44 | €2,916 | €10,960 | +€8,044 | +275.9% |
| Suppliers | 440/4 | €2,916 | €10,960 | +€8,044 | +275.9% |
| Taxes, remuneration and social security | 45 | €330 | €1,052 | +€721 | +218.4% |
| Taxes | 450/3 | €330 | €1,052 | +€721 | +218.4% |
| Other amounts payable | 47/48 | €97,042 | €176,393 | +€79,351 | +81.8% |
| Accrued charges and deferred income | 492/3 | €1,585 | €637 | -€948 | -59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,913 | €11,356 | +€3,443 | +43.5% |
| Other operating charges | 640/8 | €2,302 | €2,494 | +€193 | +8.4% |
| Non-recurring operating charges | 66A | - | €360 | +€360 | |
| Gross operating margin | 9900 | €36,333 | €14,264 | -€22,069 | -60.7% |
| Operating profit (loss) | 9901 | €26,118 | €54 | -€26,065 | -99.8% |
| Financial income | 75/76B | €6,464 | €695 | -€5,769 | -89.2% |
| Recurring financial income | 75 | €6,464 | €695 | -€5,769 | -89.2% |
| Financial charges | 65/66B | €1,730 | €786 | -€944 | -54.6% |
| Recurring financial charges | 65 | €1,730 | €786 | -€944 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €30,852 | -€38 | -€30,890 | |
| Income taxes | 67/77 | €6,940 | €659 | -€6,281 | -90.5% |
| Profit (loss) for the period | 9904 | €23,912 | -€697 | -€24,609 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,912 | -€697 | -€24,609 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.