QPLOX ENGINEERING: 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.
QPLOX ENGINEERING
Largest movements
- Financial fixed assets -€590,000
down €590,000 (-99.4%), from €593,485 to €3,485
- Cash -€543,049
down €543,049 (-30.2%), from €1.8m to €1.3m
mainly Contributions, distributions and other (-€3.0m) and Debts after one year (-€450,000)
- Current investments +€429,392
up €429,392 (+45.5%), from €942,943 to €1.4m
- Receivables within one year +€419,397
up €419,397 (+77.4%), from €541,958 to €961,354
of which Trade receivables: +€429,165
- Tangible fixed assets +€48,177
up €48,177 (+56.5%), from €85,336 to €133,513
- Reserves -€1.9m
down €1.9m (-79.6%), from €2.4m to €480,902
of which Distributable reserves: -€1.5m
- Other debts +€1.8m
up €1.8m (+34301.6%), from €5,135 to €1.8m
- Debts after one year -€450,000
down €450,000 (-100.0%), from €450,000 to €0
- Profit (loss) carried forward +€145,680
up €145,680 (+21.6%), from €675,422 to €821,102
- Trade debts +€117,167
up €117,167 (+50.3%), from €233,049 to €350,216
- Financial income +€606,531
up €606,531 (+666.8%), from €90,959 to €697,491
of which Financial income: +€606,531
- Gross operating margin +€328,227
up €328,227 (+10.9%), from €3.0m to €3.3m
- Staff costs +€173,528
up €173,528 (+7.4%), from €2.3m to €2.5m
- Taxes +€36,486
up €36,486 (+22.3%), from €163,807 to €200,293
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 | €3,974,540 | €3,766,237 | -€208,303 | -5.2% |
| Fixed assets | 21/28 | €678,821 | €136,998 | -€541,823 | -79.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €85,336 | €133,513 | +€48,177 | +56.5% |
| Furniture and vehicles | 24 | €85,336 | €133,513 | +€48,177 | +56.5% |
| Financial fixed assets | 28 | €593,485 | €3,485 | -€590,000 | -99.4% |
| Current assets | 29/58 | €3,295,720 | €3,629,239 | +€333,520 | +10.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €541,958 | €961,354 | +€419,397 | +77.4% |
| Trade receivables | 40 | €526,913 | €956,078 | +€429,165 | +81.4% |
| Other amounts receivable | 41 | €15,045 | €5,276 | -€9,769 | -64.9% |
| Current investments | 50/53 | €942,943 | €1,372,335 | +€429,392 | +45.5% |
| Cash at bank and in hand | 54/58 | €1,799,130 | €1,256,081 | -€543,049 | -30.2% |
| Deferred charges and accrued income | 490/1 | €11,689 | €39,469 | +€27,780 | +237.7% |
| Total equity and liabilities | 10/49 | €3,974,540 | €3,766,237 | -€208,303 | -5.2% |
| Equity | 10/15 | €3,036,426 | €1,303,489 | -€1.7m | -57.1% |
| Contributions | 10/11 | €6,200 | €1,485 | -€4,715 | -76.0% |
| Reserves | 13 | €2,354,804 | €480,902 | -€1.9m | -79.6% |
| Tax-exempt reserves | 132 | €431,525 | €20,171 | -€411,354 | -95.3% |
| Distributable reserves | 133 | €1,923,279 | €460,732 | -€1.5m | -76.0% |
| Profit (loss) carried forward | 14 | €675,422 | €821,102 | +€145,680 | +21.6% |
| Amounts payable | 17/49 | €938,115 | €2,462,748 | +€1.5m | +162.5% |
| Amounts payable after more than one year | 17 | €450,000 | €0 | -€450,000 | -100.0% |
| Financial debts | 170/4 | €450,000 | €0 | -€450,000 | -100.0% |
| Amounts payable within one year | 42/48 | €488,115 | €2,462,748 | +€2.0m | +404.5% |
| Financial debts | 43 | €5,555 | €45,635 | +€40,080 | +721.4% |
| Credit institutions | 430/8 | €5,555 | €45,635 | +€40,080 | +721.4% |
| Trade debts | 44 | €233,049 | €350,216 | +€117,167 | +50.3% |
| Suppliers | 440/4 | €233,049 | €350,216 | +€117,167 | +50.3% |
| Taxes, remuneration and social security | 45 | €244,375 | €300,323 | +€55,947 | +22.9% |
| Taxes | 450/3 | €49,641 | €61,493 | +€11,852 | +23.9% |
| Remuneration and social security | 454/9 | €194,735 | €238,830 | +€44,095 | +22.6% |
| Other amounts payable | 47/48 | €5,135 | €1,766,574 | +€1.8m | +34301.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,347,348 | €2,520,876 | +€173,528 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,887 | €36,887 | +€1,000 | +2.8% |
| Other operating charges | 640/8 | €4,037 | €5,031 | +€994 | +24.6% |
| Non-recurring operating charges | 66A | €17,757 | €0 | -€17,757 | -100.0% |
| Gross operating margin | 9900 | €3,013,618 | €3,341,845 | +€328,227 | +10.9% |
| Operating profit (loss) | 9901 | €608,590 | €779,051 | +€170,462 | +28.0% |
| Financial income | 75/76B | €90,959 | €697,491 | +€606,531 | +666.8% |
| Recurring financial income | 75 | €90,959 | €697,491 | +€606,531 | +666.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €7,670 | €9,185 | +€1,515 | +19.8% |
| Recurring financial charges | 65 | €7,670 | €9,185 | +€1,515 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €691,879 | €1,467,357 | +€775,478 | +112.1% |
| Income taxes | 67/77 | €163,807 | €200,293 | +€36,486 | +22.3% |
| Profit (loss) for the period | 9904 | €528,072 | €1,267,064 | +€738,992 | +139.9% |
| Transfer from tax-exempt reserves | 789 | €147,350 | €83,204 | -€64,146 | -43.5% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €675,422 | €1,350,267 | +€674,845 | +99.9% |
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.