QEC - IT Services: 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.
QEC - IT Services
Largest movements
- Cash +€153,463
up €153,463 (+98.6%), from €155,680 to €309,143
mainly Current investments (+€100,000) and Other debts (+€89,550)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets -€9,204
down €9,204 (-33.0%), from €27,887 to €18,684
of which Furniture and vehicles: -€5,939
- Other debts +€89,550
up €89,550 (+33105.5%), from €271 to €89,821
- Reserves -€44,945
down €44,945 (-29.3%), from €153,505 to €108,560
of which Distributable reserves: -€44,945
- Gross operating margin +€9,435
up €9,435 (+15.6%), from €60,461 to €69,896
- Taxes +€4,300
up €4,300 (+33.6%), from €12,783 to €17,083
- Financial income +€3,269
up €3,269 (+1040.0%), from €314 to €3,583
- Depreciation -€3,076
down €3,076 (-21.3%), from €14,469 to €11,392
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 | €315,377 | €362,828 | +€47,452 | +15.0% |
| Fixed assets | 21/28 | €27,887 | €18,684 | -€9,204 | -33.0% |
| Tangible fixed assets | 22/27 | €27,887 | €18,684 | -€9,204 | -33.0% |
| Plant, machinery and equipment | 23 | €18,326 | €15,061 | -€3,265 | -17.8% |
| Furniture and vehicles | 24 | €9,561 | €3,623 | -€5,939 | -62.1% |
| Current assets | 29/58 | €287,489 | €344,145 | +€56,656 | +19.7% |
| Amounts receivable within one year | 40/41 | €29,711 | €32,331 | +€2,620 | +8.8% |
| Trade receivables | 40 | €29,711 | €32,331 | +€2,620 | +8.8% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €155,680 | €309,143 | +€153,463 | +98.6% |
| Deferred charges and accrued income | 490/1 | €2,098 | €2,671 | +€573 | +27.3% |
| Total equity and liabilities | 10/49 | €315,377 | €362,828 | +€47,452 | +15.0% |
| Equity | 10/15 | €310,153 | €265,481 | -€44,672 | -14.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €153,505 | €108,560 | -€44,945 | -29.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €151,645 | €106,700 | -€44,945 | -29.6% |
| Profit (loss) carried forward | 14 | €144,248 | €144,521 | +€273 | +0.2% |
| Amounts payable | 17/49 | €5,224 | €97,347 | +€92,123 | +1763.6% |
| Amounts payable within one year | 42/48 | €5,224 | €97,347 | +€92,123 | +1763.6% |
| Trade debts | 44 | €300 | €1,426 | +€1,126 | +375.9% |
| Suppliers | 440/4 | €300 | €1,426 | +€1,126 | +375.9% |
| Taxes, remuneration and social security | 45 | €4,654 | €6,100 | +€1,447 | +31.1% |
| Taxes | 450/3 | €4,654 | €6,100 | +€1,447 | +31.1% |
| Other amounts payable | 47/48 | €271 | €89,821 | +€89,550 | +33105.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,469 | €11,392 | -€3,076 | -21.3% |
| Other operating charges | 640/8 | €479 | €486 | +€7 | +1.5% |
| Gross operating margin | 9900 | €60,461 | €69,896 | +€9,435 | +15.6% |
| Operating profit (loss) | 9901 | €45,514 | €58,018 | +€12,504 | +27.5% |
| Financial income | 75/76B | €314 | €3,583 | +€3,269 | +1040.0% |
| Recurring financial income | 75 | €314 | €3,583 | +€3,269 | +1040.0% |
| Financial charges | 65/66B | €259 | €245 | -€15 | -5.7% |
| Recurring financial charges | 65 | €259 | €245 | -€15 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €45,569 | €61,357 | +€15,788 | +34.6% |
| Income taxes | 67/77 | €12,783 | €17,083 | +€4,300 | +33.6% |
| Profit (loss) for the period | 9904 | €32,786 | €44,273 | +€11,487 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,786 | €44,273 | +€11,487 | +35.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.