QPT TOWER: 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.
QPT TOWER
Largest movements
- Stocks and contracts +€1.0m
up €1.0m (+8.4%), from €12.0m to €13.0m
- Cash -€355,204
down €355,204 (-99.2%), from €358,096 to €2,892
mainly Stocks and contracts (-€1.0m) and Current investments (-€190,000)
- Current investments +€190,000
new in 2025: €190,000
- Other debts +€593,138
up €593,138 (+9.5%), from €6.2m to €6.8m
- Debts after one year +€403,687
up €403,687 (+7.3%), from €5.5m to €5.9m
- Purchases and services +€78,246
up €78,246 (+279.2%), from €28,028 to €106,274
- Other operating charges +€24,875
up €24,875 (+69.8%), from €35,635 to €60,510
- Gross operating margin -€23,277
down €23,277 (-83.0%), from -€28,028 to -€51,305
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 | €12,395,617 | €13,297,000 | +€901,383 | +7.3% |
| Current assets | 29/58 | €12,395,617 | €13,297,000 | +€901,383 | +7.3% |
| Stocks and contracts in progress | 3 | €11,995,867 | €12,998,156 | +€1.0m | +8.4% |
| Stocks | 30/36 | €11,995,867 | €12,998,156 | +€1.0m | +8.4% |
| Amounts receivable within one year | 40/41 | €37,009 | €105,952 | +€68,943 | +186.3% |
| Other amounts receivable | 41 | €37,009 | €105,952 | +€68,943 | +186.3% |
| Current investments | 50/53 | - | €190,000 | +€190,000 | |
| Cash at bank and in hand | 54/58 | €358,096 | €2,892 | -€355,204 | -99.2% |
| Deferred charges and accrued income | 490/1 | €4,645 | - | -€4,645 | |
| Total equity and liabilities | 10/49 | €12,395,617 | €13,297,000 | +€901,383 | +7.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €195,500 | €195,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €170,500 | €170,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,222 | -€182,113 | -€111,891 | -159.3% |
| Amounts payable | 17/49 | €12,020,339 | €13,033,613 | +€1.0m | +8.4% |
| Amounts payable after more than one year | 17 | €5,533,415 | €5,937,102 | +€403,687 | +7.3% |
| Financial debts | 170/4 | €5,533,415 | €5,937,102 | +€403,687 | +7.3% |
| Amounts payable within one year | 42/48 | €6,460,001 | €7,018,807 | +€558,806 | +8.7% |
| Trade debts | 44 | €226,519 | €192,187 | -€34,332 | -15.2% |
| Suppliers | 440/4 | €226,519 | €192,187 | -€34,332 | -15.2% |
| Other amounts payable | 47/48 | €6,233,482 | €6,826,620 | +€593,138 | +9.5% |
| Accrued charges and deferred income | 492/3 | €26,923 | €77,704 | +€50,781 | +188.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €28,028 | €106,274 | +€78,246 | +279.2% |
| Other operating charges | 640/8 | €35,635 | €60,510 | +€24,875 | +69.8% |
| Gross operating margin | 9900 | -€28,028 | -€51,305 | -€23,277 | -83.0% |
| Operating profit (loss) | 9901 | -€63,663 | -€111,815 | -€48,152 | -75.6% |
| Financial charges | 65/66B | €121 | €76 | -€45 | -37.2% |
| Recurring financial charges | 65 | €121 | €76 | -€45 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | -€63,784 | -€111,891 | -€48,107 | -75.4% |
| Profit (loss) for the period | 9904 | -€63,784 | -€111,891 | -€48,107 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,784 | -€111,891 | -€48,107 | -75.4% |
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 11 October 2026 via checked.be.