QDRANT: 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.
QDRANT
Largest movements
- Receivables within one year -€33,633
down €33,633 (-75.0%), from €44,836 to €11,203
of which Other amounts receivable: -€35,925
- Cash +€5,383
up €5,383 (+37.8%), from €14,246 to €19,630
mainly Receivables within one year (+€33,633) and Net result for the year (+€9,481)
- Deferred charges and accrued income -€1,373
down €1,373 (-53.9%), from €2,548 to €1,174
- Tangible fixed assets +€771
up €771 (+819.2%), from €94 to €866
- Reserves -€32,872
down €32,872 (-61.8%), from €53,154 to €20,282
- Tax, wage and social debts +€3,905
up €3,905 (+96.5%), from €4,048 to €7,953
- Other debts +€2,857
new in 2025: €2,857
- Trade debts -€2,742
down €2,742 (-82.5%), from €3,324 to €582
- Gross operating margin +€12,761
up €12,761 (+262.1%), from €4,870 to €17,631
- Write-downs +€2,491
new in 2025: €2,491
- Financial income -€2,263
down €2,263 (-100.0%), from €2,263 to €0
- Taxes +€1,958
up €1,958 (+113.7%), from €1,722 to €3,680
- Financial charges -€1,499
down €1,499 (-64.6%), from €2,321 to €823
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 | €61,725 | €32,873 | -€28,852 | -46.7% |
| Fixed assets | 21/28 | €94 | €866 | +€771 | +819.2% |
| Tangible fixed assets | 22/27 | €94 | €866 | +€771 | +819.2% |
| Furniture and vehicles | 24 | €94 | €866 | +€771 | +819.2% |
| Current assets | 29/58 | €61,630 | €32,007 | -€29,623 | -48.1% |
| Amounts receivable within one year | 40/41 | €44,836 | €11,203 | -€33,633 | -75.0% |
| Trade receivables | 40 | €8,911 | €11,203 | +€2,292 | +25.7% |
| Other amounts receivable | 41 | €35,925 | €0 | -€35,925 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,246 | €19,630 | +€5,383 | +37.8% |
| Deferred charges and accrued income | 490/1 | €2,548 | €1,174 | -€1,373 | -53.9% |
| Total equity and liabilities | 10/49 | €61,725 | €32,873 | -€28,852 | -46.7% |
| Equity | 10/15 | €54,154 | €21,282 | -€32,872 | -60.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €53,154 | €20,282 | -€32,872 | -61.8% |
| Distributable reserves | 133 | €53,154 | €20,282 | -€32,872 | -61.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €7,570 | €11,591 | +€4,020 | +53.1% |
| Amounts payable within one year | 42/48 | €7,372 | €11,392 | +€4,020 | +54.5% |
| Trade debts | 44 | €3,324 | €582 | -€2,742 | -82.5% |
| Suppliers | 440/4 | €3,324 | €582 | -€2,742 | -82.5% |
| Taxes, remuneration and social security | 45 | €4,048 | €7,953 | +€3,905 | +96.5% |
| Taxes | 450/3 | €4,048 | €7,953 | +€3,905 | +96.5% |
| Other amounts payable | 47/48 | - | €2,857 | +€2,857 | |
| Accrued charges and deferred income | 492/3 | €198 | €198 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €781 | €189 | -€592 | -75.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,491 | +€2,491 | |
| Other operating charges | 640/8 | €1,075 | €966 | -€108 | -10.1% |
| Gross operating margin | 9900 | €4,870 | €17,631 | +€12,761 | +262.1% |
| Operating profit (loss) | 9901 | €3,014 | €13,984 | +€10,970 | +364.0% |
| Financial income | 75/76B | €2,263 | €0 | -€2,263 | -100.0% |
| Recurring financial income | 75 | €2,263 | €0 | -€2,263 | -100.0% |
| Financial charges | 65/66B | €2,321 | €823 | -€1,499 | -64.6% |
| Recurring financial charges | 65 | €2,321 | €823 | -€1,499 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €2,955 | €13,161 | +€10,206 | +345.4% |
| Income taxes | 67/77 | €1,722 | €3,680 | +€1,958 | +113.7% |
| Profit (loss) for the period | 9904 | €1,233 | €9,481 | +€8,248 | +668.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,233 | €9,481 | +€8,248 | +668.8% |
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 11 October 2026 via checked.be.