Qpoint: 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.
Qpoint
Largest movements
- Tangible fixed assets +€40,725
up €40,725 (+13.5%), from €302,657 to €343,381
of which Other tangible fixed assets: +€60,557
- Cash -€29,810
down €29,810 (-51.3%), from €58,089 to €28,279
mainly Investment in fixed assets (net) (-€72,678) and Net result for the year (-€55,094)
- Intangible fixed assets -€12,200
down €12,200 (-22.3%), from €54,700 to €42,500
- Receivables within one year -€7,909
down €7,909 (-4.1%), from €193,295 to €185,386
of which Trade receivables: -€11,995
- Profit (loss) carried forward -€55,094
down €55,094 (-387.2%), from -€14,229 to -€69,323
- Advances received +€50,678
up €50,678 (+487.8%), from €10,389 to €61,067
- Other debts +€31,530
up €31,530 (+24.6%), from €127,950 to €159,480
- Reserves -€24,000
down €24,000 (-16.0%), from €149,696 to €125,696
of which Distributable reserves: -€24,000
- Debts after one year -€12,443
down €12,443 (-4.6%), from €267,932 to €255,489
- Gross operating margin -€58,501
down €58,501, from €54,966 to -€3,535
- Depreciation +€6,997
up €6,997 (+18.8%), from €37,156 to €44,153
- Other operating charges +€3,795
up €3,795 (+317.6%), from €1,195 to €4,990
- Financial income -€3,794
down €3,794 (-49.4%), from €7,686 to €3,892
- Financial charges +€1,561
up €1,561 (+34.9%), from €4,469 to €6,030
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 | €611,373 | €602,813 | -€8,560 | -1.4% |
| Fixed assets | 21/28 | €357,357 | €385,881 | +€28,525 | +8.0% |
| Intangible fixed assets | 21 | €54,700 | €42,500 | -€12,200 | -22.3% |
| Tangible fixed assets | 22/27 | €302,657 | €343,381 | +€40,725 | +13.5% |
| Land and buildings | 22 | €275,405 | €250,232 | -€25,173 | -9.1% |
| Plant, machinery and equipment | 23 | - | €7,035 | +€7,035 | |
| Furniture and vehicles | 24 | €3,355 | €1,660 | -€1,695 | -50.5% |
| Other tangible fixed assets | 26 | €23,897 | €84,454 | +€60,557 | +253.4% |
| Current assets | 29/58 | €254,016 | €216,931 | -€37,085 | -14.6% |
| Amounts receivable within one year | 40/41 | €193,295 | €185,386 | -€7,909 | -4.1% |
| Trade receivables | 40 | €15,712 | €3,716 | -€11,995 | -76.3% |
| Other amounts receivable | 41 | €177,583 | €181,670 | +€4,087 | +2.3% |
| Cash at bank and in hand | 54/58 | €58,089 | €28,279 | -€29,810 | -51.3% |
| Deferred charges and accrued income | 490/1 | €2,632 | €3,266 | +€635 | +24.1% |
| Total equity and liabilities | 10/49 | €611,373 | €602,813 | -€8,560 | -1.4% |
| Equity | 10/15 | €169,067 | €89,974 | -€79,094 | -46.8% |
| Contributions | 10/11 | €33,600 | €33,600 | = | 0.0% |
| Reserves | 13 | €149,696 | €125,696 | -€24,000 | -16.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €147,836 | €123,836 | -€24,000 | -16.2% |
| Profit (loss) carried forward | 14 | -€14,229 | -€69,323 | -€55,094 | -387.2% |
| Amounts payable | 17/49 | €442,305 | €512,839 | +€70,534 | +15.9% |
| Amounts payable after more than one year | 17 | €267,932 | €255,489 | -€12,443 | -4.6% |
| Financial debts | 170/4 | €267,932 | €255,489 | -€12,443 | -4.6% |
| Amounts payable within one year | 42/48 | €173,444 | €256,091 | +€82,647 | +47.7% |
| Current portion of amounts payable after more than one year | 42 | €26,570 | €26,792 | +€222 | +0.8% |
| Trade debts | 44 | €4,399 | €5,991 | +€1,592 | +36.2% |
| Suppliers | 440/4 | €4,399 | €5,991 | +€1,592 | +36.2% |
| Advances received on contracts in progress | 46 | €10,389 | €61,067 | +€50,678 | +487.8% |
| Taxes, remuneration and social security | 45 | €4,136 | €2,762 | -€1,374 | -33.2% |
| Taxes | 450/3 | €4,136 | €2,762 | -€1,374 | -33.2% |
| Other amounts payable | 47/48 | €127,950 | €159,480 | +€31,530 | +24.6% |
| Accrued charges and deferred income | 492/3 | €930 | €1,259 | +€329 | +35.4% |
| Non-recurring operating income | 76A | €3,620 | €0 | -€3,620 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,156 | €44,153 | +€6,997 | +18.8% |
| Other operating charges | 640/8 | €1,195 | €4,990 | +€3,795 | +317.6% |
| Gross operating margin | 9900 | €54,966 | -€3,535 | -€58,501 | |
| Operating profit (loss) | 9901 | €16,615 | -€52,678 | -€69,293 | |
| Financial income | 75/76B | €7,686 | €3,892 | -€3,794 | -49.4% |
| Recurring financial income | 75 | €7,686 | €3,892 | -€3,794 | -49.4% |
| Financial charges | 65/66B | €4,469 | €6,030 | +€1,561 | +34.9% |
| Recurring financial charges | 65 | €4,469 | €6,030 | +€1,561 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €19,832 | -€54,816 | -€74,647 | |
| Income taxes | 67/77 | €399 | €278 | -€121 | -30.3% |
| Profit (loss) for the period | 9904 | €19,433 | -€55,094 | -€74,527 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,433 | -€55,094 | -€74,527 |
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.