QITO: 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.
QITO
Largest movements
- Receivables within one year -€24,091
down €24,091 (-60.1%), from €40,073 to €15,981
of which Trade receivables: -€22,532
- Cash +€8,302
up €8,302 (+24.8%), from €33,511 to €41,813
mainly Receivables within one year (+€24,091) and Net result for the year (+€615)
- Trade debts -€14,399
down €14,399 (-24.7%), from €58,197 to €43,797
- Tax, wage and social debts -€2,004
down €2,004 (-43.2%), from €4,639 to €2,634
- Gross operating margin -€11,650
down €11,650 (-83.9%), from €13,883 to €2,233
- Taxes -€3,951
down €3,951 (-85.2%), from €4,639 to €688
- Staff costs +€808
new in 2025: €808
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 | €73,584 | €57,795 | -€15,789 | -21.5% |
| Current assets | 29/58 | €73,584 | €57,795 | -€15,789 | -21.5% |
| Amounts receivable within one year | 40/41 | €40,073 | €15,981 | -€24,091 | -60.1% |
| Trade receivables | 40 | €38,514 | €15,981 | -€22,532 | -58.5% |
| Other amounts receivable | 41 | €1,559 | - | -€1,559 | |
| Cash at bank and in hand | 54/58 | €33,511 | €41,813 | +€8,302 | +24.8% |
| Total equity and liabilities | 10/49 | €73,584 | €57,795 | -€15,789 | -21.5% |
| Equity | 10/15 | €10,748 | €11,363 | +€615 | +5.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €9,248 | €9,863 | +€615 | +6.6% |
| Distributable reserves | 133 | €9,248 | €9,863 | +€615 | +6.6% |
| Amounts payable | 17/49 | €62,836 | €46,432 | -€16,404 | -26.1% |
| Amounts payable within one year | 42/48 | €62,836 | €46,432 | -€16,404 | -26.1% |
| Trade debts | 44 | €58,197 | €43,797 | -€14,399 | -24.7% |
| Suppliers | 440/4 | €58,197 | €43,797 | -€14,399 | -24.7% |
| Taxes, remuneration and social security | 45 | €4,639 | €2,634 | -€2,004 | -43.2% |
| Taxes | 450/3 | €4,639 | €2,634 | -€2,004 | -43.2% |
| Remuneration, social security and pensions | 62 | - | €808 | +€808 | |
| Other operating charges | 640/8 | - | €122 | +€122 | |
| Gross operating margin | 9900 | €13,883 | €2,233 | -€11,650 | -83.9% |
| Operating profit (loss) | 9901 | €13,883 | €1,303 | -€12,580 | -90.6% |
| Financial income | 75/76B | €3 | €1 | -€3 | -79.7% |
| Recurring financial income | 75 | €3 | €1 | -€3 | -79.7% |
| Financial charges | 65/66B | €0 | €1 | +€1 | +7600.0% |
| Recurring financial charges | 65 | €0 | €1 | +€1 | +7600.0% |
| Profit (loss) for the period before taxes | 9903 | €13,887 | €1,303 | -€12,584 | -90.6% |
| Income taxes | 67/77 | €4,639 | €688 | -€3,951 | -85.2% |
| Profit (loss) for the period | 9904 | €9,248 | €615 | -€8,633 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,248 | €615 | -€8,633 | -93.4% |
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 10 October 2026 via checked.be.