QFRAME: 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.
What changed
QFRAME
NACE 62.200, Computer consultancy and computer facilities management
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€291,176
2024 · €591,094-€299,918
Equity
€2.3m
2024 · €2.1m+€228,217
Cash
€31,333
2024 · €25,923+€5,411
Balance sheet total
€4.1m
2024 · €3.8m+€319,084
Largest movements
Assets
- Receivables within one year +€330,276
up €330,276 (+9.1%), from €3.6m to €3.9m
of which Other amounts receivable: +€690,501
Equity and liabilities
- Accrued charges and deferred income +€406,708
new in 2025: €406,708
- Reserves +€228,250
up €228,250 (+11.2%), from €2.0m to €2.3m
of which Distributable reserves: +€123,000
- Other debts -€146,966
down €146,966 (-62.6%), from €234,924 to €87,959
- Tax, wage and social debts -€95,041
down €95,041 (-15.9%), from €599,566 to €504,524
of which Taxes: -€109,273
- Trade debts -€88,540
down €88,540 (-10.7%), from €827,767 to €739,226
Income statement
- Purchases and services +€758,567
up €758,567 (+17.0%), from €4.5m to €5.2m
- Turnover +€616,181
up €616,181 (+6.9%), from €8.9m to €9.5m
- Staff costs +€188,494
up €188,494 (+5.2%), from €3.6m to €3.8m
- Gross operating margin -€140,504
down €140,504 (-3.1%), from €4.5m to €4.4m
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.
Result 2024
€591,094
Gross operating margin
-€140,504
Staff costs
-€188,494
Depreciation
+€5,496
Write-downs
-€14,707
Other operating charges
+€4,658
Financial income
-€21,296
Financial charges
-€5,442
Taxes
+€60,371
Result 2025
€291,176
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.
From operations
+€83,542
Investment
-€15,173
Financing
-€62,959
Cash 2024
€25,923
From operations (derived)
+€83,542
Net result for the year
+€291,176
Depreciation
+€34,804
Receivables within one year
-€330,276
Deferred charges and accrued income
-€3,029
Provisions
+€14,707
Trade debts
-€88,540
Tax, wage and social debts
-€95,041
Other debts
-€146,966
Accrued charges and deferred income
+€406,708
Investment (derived)
-€15,173
Investment in fixed assets (net)
-€15,173
Financing
-€62,959
Contributions, distributions and other
-€62,959
Cash 2025
€31,333
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,759,599 | €4,078,683 | +€319,084 | +8.5% |
| Fixed assets | 21/28 | €63,633 | €44,002 | -€19,631 | -30.9% |
| Tangible fixed assets | 22/27 | €63,633 | €44,002 | -€19,631 | -30.9% |
| Plant, machinery and equipment | 23 | €60,542 | €43,294 | -€17,248 | -28.5% |
| Furniture and vehicles | 24 | €1,817 | €473 | -€1,343 | -73.9% |
| Other tangible fixed assets | 26 | €1,273 | €234 | -€1,040 | -81.7% |
| Current assets | 29/58 | €3,695,966 | €4,034,682 | +€338,715 | +9.2% |
| Amounts receivable within one year | 40/41 | €3,612,187 | €3,942,463 | +€330,276 | +9.1% |
| Trade receivables | 40 | €1,952,346 | €1,592,121 | -€360,225 | -18.5% |
| Other amounts receivable | 41 | €1,659,841 | €2,350,341 | +€690,501 | +41.6% |
| Cash at bank and in hand | 54/58 | €25,923 | €31,333 | +€5,411 | +20.9% |
| Deferred charges and accrued income | 490/1 | €57,857 | €60,886 | +€3,029 | +5.2% |
| Total equity and liabilities | 10/49 | €3,759,599 | €4,078,683 | +€319,084 | +8.5% |
| Equity | 10/15 | €2,097,342 | €2,325,560 | +€228,217 | +10.9% |
| 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 | €2,034,750 | €2,263,000 | +€228,250 | +11.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €105,250 | €210,500 | +€105,250 | +100.0% |
| Distributable reserves | 133 | €1,923,300 | €2,046,300 | +€123,000 | +6.4% |
| Profit (loss) carried forward | 14 | €592 | €560 | -€33 | -5.5% |
| Provisions and deferred taxes | 16 | - | €14,707 | +€14,707 | |
| Provisions for liabilities and charges | 160/5 | - | €14,707 | +€14,707 | |
| Pensions and similar obligations | 160 | - | €14,707 | +€14,707 | |
| Amounts payable | 17/49 | €1,662,257 | €1,738,417 | +€76,160 | +4.6% |
| Amounts payable within one year | 42/48 | €1,662,257 | €1,331,709 | -€330,547 | -19.9% |
| Trade debts | 44 | €827,767 | €739,226 | -€88,540 | -10.7% |
| Suppliers | 440/4 | €827,767 | €739,226 | -€88,540 | -10.7% |
| Taxes, remuneration and social security | 45 | €599,566 | €504,524 | -€95,041 | -15.9% |
| Taxes | 450/3 | €192,919 | €83,645 | -€109,273 | -56.6% |
| Remuneration and social security | 454/9 | €406,647 | €420,879 | +€14,232 | +3.5% |
| Other amounts payable | 47/48 | €234,924 | €87,959 | -€146,966 | -62.6% |
| Accrued charges and deferred income | 492/3 | - | €406,708 | +€406,708 | |
| Turnover | 70 | €8,882,007 | €9,498,188 | +€616,181 | +6.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,469,784 | €5,228,351 | +€758,567 | +17.0% |
| Remuneration, social security and pensions | 62 | €3,635,212 | €3,823,706 | +€188,494 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,300 | €34,804 | -€5,496 | -13.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,707 | +€14,707 | |
| Other operating charges | 640/8 | €15,794 | €11,136 | -€4,658 | -29.5% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €4,509,342 | €4,368,838 | -€140,504 | -3.1% |
| Operating profit (loss) | 9901 | €818,035 | €484,485 | -€333,550 | -40.8% |
| Financial income | 75/76B | €39,374 | €18,078 | -€21,296 | -54.1% |
| Recurring financial income | 75 | €39,374 | €18,078 | -€21,296 | -54.1% |
| Financial charges | 65/66B | €56,787 | €62,229 | +€5,442 | +9.6% |
| Recurring financial charges | 65 | €56,787 | €62,229 | +€5,442 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €800,623 | €440,334 | -€360,289 | -45.0% |
| Income taxes | 67/77 | €209,529 | €149,158 | -€60,371 | -28.8% |
| Profit (loss) for the period | 9904 | €591,094 | €291,176 | -€299,918 | -50.7% |
| Transfer from tax-exempt reserves | 789 | €126,300 | - | -€126,300 | |
| Transfer to tax-exempt reserves | 689 | €105,250 | €105,250 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €612,144 | €185,926 | -€426,218 | -69.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.