QNT: 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.
What changed
QNT
NACE 46.389, Wholesale of other food products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €2.8m-€848,185
Equity
€17.6m
2024 · €15.7m+€2.0m
Cash
€2.0m
2024 · €5.4m-€3.4m
Balance sheet total
€21.1m
2024 · €18.9m+€2.2m
Largest movements
Assets
- Receivables after one year +€3.5m
new in 2025: €3.5m
- Cash -€3.4m
down €3.4m (-62.7%), from €5.4m to €2.0m
mainly Receivables after one year (-€3.5m) and Current investments (-€1.5m)
- Current investments +€1.5m
up €1.5m (+50.4%), from €3.0m to €4.5m
- Receivables within one year -€738,310
down €738,310 (-14.1%), from €5.3m to €4.5m
of which Trade receivables: -€968,288
- Tangible fixed assets +€711,089
up €711,089 (+26.0%), from €2.7m to €3.4m
of which Land and buildings: +€580,723
Equity and liabilities
- Profit (loss) carried forward +€1.3m
up €1.3m (+8.6%), from €15.6m to €16.9m
- Reserves +€631,500
up €631,500 (+5078.4%), from €12,435 to €643,935
of which Tax-exempt reserves: +€631,500
Income statement
- Turnover -€659,749
down €659,749 (-3.1%), from €21.0m to €20.3m
- Taxes -€323,256
down €323,256 (-33.3%), from €972,074 to €648,818
- Goods and materials +€290,037
up €290,037 (+2.0%), from €14.5m to €14.8m
of which Purchases: +€1.1m
- Services and other goods +€239,401
up €239,401 (+13.4%), from €1.8m to €2.0m
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
€2.8m
Turnover
-€659,749
Other operating income
-€159
Goods and materials
-€290,037
Services and other goods
-€239,401
Staff costs
+€7,618
Depreciation
-€95,116
Other operating charges
+€60,025
Financial income
+€47,559
Financial charges
-€2,180
Taxes
+€323,256
Result 2025
€2.0m
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
-€897,366
Investment
-€2.5m
Financing
-€25,252
Cash 2024
€5.4m
From operations (derived)
-€897,366
Net result for the year
+€2.0m
Depreciation
+€219,089
Receivables after one year
-€3.5m
Stocks and contracts
-€486,535
Receivables within one year
+€738,310
Deferred charges and accrued income
-€26,322
Trade debts
+€85,492
Tax, wage and social debts
-€9,347
Other debts
+€151,698
Accrued charges and deferred income
+€3,794
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€951,533
Current investments
-€1.5m
Financing
-€25,252
Debts after one year
-€201,357
Current portion of long-term debt
+€7,598
Short-term financial debts
+€168,506
Cash 2025
€2.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,914,894 | €21,083,405 | +€2.2m | +11.5% |
| Fixed assets | 21/28 | €2,740,936 | €3,473,380 | +€732,444 | +26.7% |
| Intangible fixed assets | 21 | €2,512 | €23,867 | +€21,355 | +850.2% |
| Tangible fixed assets | 22/27 | €2,737,841 | €3,448,930 | +€711,089 | +26.0% |
| Land and buildings | 22 | €2,532,254 | €3,112,977 | +€580,723 | +22.9% |
| Plant, machinery and equipment | 23 | €54,685 | €42,560 | -€12,124 | -22.2% |
| Furniture and vehicles | 24 | €150,903 | €293,393 | +€142,490 | +94.4% |
| Financial fixed assets | 28 | €583 | €583 | = | 0.0% |
| Affiliated companies | 280/1 | €87 | €87 | = | 0.0% |
| Participating interests | 280 | €87 | €87 | = | 0.0% |
| Other financial fixed assets | 284/8 | €496 | €496 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €496 | €496 | = | 0.0% |
| Current assets | 29/58 | €16,173,958 | €17,610,025 | +€1.4m | +8.9% |
| Amounts receivable after more than one year | 29 | - | €3,535,671 | +€3.5m | |
| Other amounts receivable | 291 | - | €3,535,671 | +€3.5m | |
| Stocks and contracts in progress | 3 | €2,501,962 | €2,988,497 | +€486,535 | +19.4% |
| Stocks | 30/36 | €2,501,962 | €2,988,497 | +€486,535 | +19.4% |
| Goods purchased for resale | 34 | €2,501,962 | €2,988,497 | +€486,535 | +19.4% |
| Amounts receivable within one year | 40/41 | €5,253,188 | €4,514,878 | -€738,310 | -14.1% |
| Trade receivables | 40 | €4,481,051 | €3,512,762 | -€968,288 | -21.6% |
| Other amounts receivable | 41 | €772,137 | €1,002,115 | +€229,978 | +29.8% |
| Current investments | 50/53 | €2,975,000 | €4,475,000 | +€1.5m | +50.4% |
| Other investments | 51/53 | €2,975,000 | €4,475,000 | +€1.5m | +50.4% |
| Cash at bank and in hand | 54/58 | €5,381,270 | €2,007,119 | -€3.4m | -62.7% |
| Deferred charges and accrued income | 490/1 | €62,538 | €88,860 | +€26,322 | +42.1% |
| Total equity and liabilities | 10/49 | €18,914,894 | €21,083,405 | +€2.2m | +11.5% |
| Equity | 10/15 | €15,687,588 | €17,649,715 | +€2.0m | +12.5% |
| Contributions | 10/11 | €124,350 | €124,350 | = | 0.0% |
| Capital | 10 | €124,350 | €124,350 | = | 0.0% |
| Issued capital | 100 | €124,350 | €124,350 | = | 0.0% |
| Reserves | 13 | €12,435 | €643,935 | +€631,500 | +5078.4% |
| Non-distributable reserves | 130/1 | €12,435 | €12,435 | = | 0.0% |
| Legal reserve | 130 | €12,435 | €12,435 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €631,500 | +€631,500 | |
| Profit (loss) carried forward | 14 | €15,550,803 | €16,881,430 | +€1.3m | +8.6% |
| Provisions and deferred taxes | 16 | €3,873 | €3,873 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,873 | €3,873 | = | 0.0% |
| Other liabilities and charges | 164/5 | €3,873 | €3,873 | = | 0.0% |
| Amounts payable | 17/49 | €3,223,433 | €3,429,817 | +€206,384 | +6.4% |
| Amounts payable after more than one year | 17 | €339,958 | €138,601 | -€201,357 | -59.2% |
| Financial debts | 170/4 | €339,958 | €138,601 | -€201,357 | -59.2% |
| Credit institutions | 173 | €339,958 | €138,601 | -€201,357 | -59.2% |
| Amounts payable within one year | 42/48 | €2,849,866 | €3,253,813 | +€403,947 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €193,759 | €201,357 | +€7,598 | +3.9% |
| Financial debts | 43 | - | €168,506 | +€168,506 | |
| Credit institutions | 430/8 | - | €168,506 | +€168,506 | |
| Trade debts | 44 | €2,500,663 | €2,586,154 | +€85,492 | +3.4% |
| Suppliers | 440/4 | €2,500,663 | €2,586,154 | +€85,492 | +3.4% |
| Taxes, remuneration and social security | 45 | €155,444 | €146,098 | -€9,347 | -6.0% |
| Taxes | 450/3 | €14,736 | €13,206 | -€1,530 | -10.4% |
| Remuneration and social security | 454/9 | €140,708 | €132,892 | -€7,817 | -5.6% |
| Other amounts payable | 47/48 | - | €151,698 | +€151,698 | |
| Accrued charges and deferred income | 492/3 | €33,609 | €37,403 | +€3,794 | +11.3% |
| Operating income | 70/76A | €21,041,375 | €20,381,467 | -€659,908 | -3.1% |
| Turnover | 70 | €20,995,496 | €20,335,747 | -€659,749 | -3.1% |
| Other operating income | 74 | €45,879 | €45,720 | -€159 | -0.3% |
| Operating charges | 60/66A | €17,349,648 | €17,906,560 | +€556,912 | +3.2% |
| Goods for resale, raw materials and consumables | 60 | €14,515,308 | €14,805,345 | +€290,037 | +2.0% |
| Purchases | 600/8 | €14,203,026 | €15,291,880 | +€1.1m | +7.7% |
| Change in stocks: decrease (increase) | 609 | €312,282 | -€486,535 | -€798,817 | |
| Services and other goods | 61 | €1,787,062 | €2,026,463 | +€239,401 | +13.4% |
| Remuneration, social security and pensions | 62 | €736,669 | €729,051 | -€7,618 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,973 | €219,089 | +€95,116 | +76.7% |
| Other operating charges | 640/8 | €186,636 | €126,612 | -€60,025 | -32.2% |
| Operating profit (loss) | 9901 | €3,691,727 | €2,474,908 | -€1.2m | -33.0% |
| Financial income | 75/76B | €136,101 | €183,660 | +€47,559 | +34.9% |
| Recurring financial income | 75 | €136,101 | €151,542 | +€15,441 | +11.3% |
| Income from financial fixed assets | 750 | €96,943 | €122,025 | +€25,082 | +25.9% |
| Income from current assets | 751 | €38,515 | €28,791 | -€9,724 | -25.2% |
| Other financial income | 752/9 | €643 | €726 | +€83 | +12.8% |
| Non-recurring financial income | 76B | - | €32,118 | +€32,118 | |
| Financial charges | 65/66B | €45,442 | €47,622 | +€2,180 | +4.8% |
| Recurring financial charges | 65 | €45,442 | €47,622 | +€2,180 | +4.8% |
| Debt charges | 650 | €24,547 | €25,049 | +€503 | +2.0% |
| Other financial charges | 652/9 | €20,895 | €22,572 | +€1,677 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €3,782,386 | €2,610,946 | -€1.2m | -31.0% |
| Income taxes | 67/77 | €972,074 | €648,818 | -€323,256 | -33.3% |
| Taxes | 670/3 | €972,074 | €648,818 | -€323,256 | -33.3% |
| Profit (loss) for the period | 9904 | €2,810,312 | €1,962,127 | -€848,185 | -30.2% |
| Transfer to tax-exempt reserves | 689 | - | €631,500 | +€631,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,810,312 | €1,330,627 | -€1.5m | -52.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.