QITE: 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.
QITE
Largest movements
- Receivables within one year +€261,428
up €261,428 (+24.5%), from €1.1m to €1.3m
of which Trade receivables: +€274,292
- Other debts +€218,456
up €218,456 (+184.3%), from €118,530 to €336,987
- Tax, wage and social debts +€85,508
up €85,508 (+43.0%), from €198,754 to €284,262
of which Taxes: +€60,845
- Reserves -€74,439
down €74,439 (-56.8%), from €131,013 to €56,573
of which Distributable reserves: -€74,439
- Short-term financial debts +€35,800
up €35,800 (+63.4%), from €56,500 to €92,300
- Gross operating margin +€380,824
up €380,824 (+29.7%), from €1.3m to €1.7m
- Staff costs +€336,115
up €336,115 (+27.6%), from €1.2m to €1.6m
- Other operating charges +€60,368
up €60,368 (+572.0%), from €10,553 to €70,921
- Financial charges +€51,931
up €51,931 (+339.6%), from €15,290 to €67,220
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 | €1,109,528 | €1,365,273 | +€255,745 | +23.0% |
| Fixed assets | 21/28 | €39,786 | €29,072 | -€10,714 | -26.9% |
| Tangible fixed assets | 22/27 | €28,439 | €17,725 | -€10,714 | -37.7% |
| Plant, machinery and equipment | 23 | €11,513 | €6,728 | -€4,785 | -41.6% |
| Furniture and vehicles | 24 | €13,774 | €8,675 | -€5,099 | -37.0% |
| Other tangible fixed assets | 26 | €3,152 | €2,322 | -€830 | -26.3% |
| Financial fixed assets | 28 | €11,346 | €11,346 | = | 0.0% |
| Current assets | 29/58 | €1,069,743 | €1,336,201 | +€266,459 | +24.9% |
| Amounts receivable within one year | 40/41 | €1,068,747 | €1,330,174 | +€261,428 | +24.5% |
| Trade receivables | 40 | €1,055,883 | €1,330,174 | +€274,292 | +26.0% |
| Other amounts receivable | 41 | €12,864 | - | -€12,864 | |
| Cash at bank and in hand | 54/58 | €431 | €302 | -€129 | -29.9% |
| Deferred charges and accrued income | 490/1 | €565 | €5,725 | +€5,159 | +912.5% |
| Total equity and liabilities | 10/49 | €1,109,528 | €1,365,273 | +€255,745 | +23.0% |
| Equity | 10/15 | €137,213 | €62,773 | -€74,439 | -54.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €131,013 | €56,573 | -€74,439 | -56.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €129,153 | €54,713 | -€74,439 | -57.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €972,316 | €1,302,500 | +€330,184 | +34.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €972,316 | €1,302,500 | +€330,184 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €81,940 | €80,910 | -€1,030 | -1.3% |
| Financial debts | 43 | €56,500 | €92,300 | +€35,800 | +63.4% |
| Credit institutions | 430/8 | €56,500 | €92,300 | +€35,800 | +63.4% |
| Trade debts | 44 | €516,591 | €508,041 | -€8,550 | -1.7% |
| Suppliers | 440/4 | €516,591 | €508,041 | -€8,550 | -1.7% |
| Taxes, remuneration and social security | 45 | €198,754 | €284,262 | +€85,508 | +43.0% |
| Taxes | 450/3 | €68,171 | €129,016 | +€60,845 | +89.3% |
| Remuneration and social security | 454/9 | €130,583 | €155,246 | +€24,663 | +18.9% |
| Other amounts payable | 47/48 | €118,530 | €336,987 | +€218,456 | +184.3% |
| Non-recurring operating income | 76A | €30,015 | €0 | -€30,015 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,218,496 | €1,554,611 | +€336,115 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,680 | €19,390 | -€15,290 | -44.1% |
| Other operating charges | 640/8 | €10,553 | €70,921 | +€60,368 | +572.0% |
| Gross operating margin | 9900 | €1,284,227 | €1,665,052 | +€380,824 | +29.7% |
| Operating profit (loss) | 9901 | €20,499 | €20,131 | -€369 | -1.8% |
| Financial income | 75/76B | €167 | €353 | +€186 | +111.7% |
| Recurring financial income | 75 | €167 | €353 | +€186 | +111.7% |
| Financial charges | 65/66B | €15,290 | €67,220 | +€51,931 | +339.6% |
| Recurring financial charges | 65 | €15,290 | €67,220 | +€51,931 | +339.6% |
| Profit (loss) for the period before taxes | 9903 | €5,376 | -€46,737 | -€52,113 | |
| Income taxes | 67/77 | €19,864 | €27,702 | +€7,838 | +39.5% |
| Profit (loss) for the period | 9904 | -€14,488 | -€74,439 | -€59,951 | -413.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,488 | -€74,439 | -€59,951 | -413.8% |
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 5 October 2026 via checked.be.