QRTI: 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.
QRTI
Largest movements
- Cash +€33,995
up €33,995 (+105.3%), from €32,295 to €66,290
mainly Net result for the year (+€42,313) and Depreciation (+€20,076)
- Tangible fixed assets -€20,076
down €20,076 (-26.9%), from €74,689 to €54,613
of which Furniture and vehicles: -€19,064
- Receivables within one year -€13,390
down €13,390 (-49.3%), from €27,135 to €13,745
of which Trade receivables: -€16,928
- Other debts +€15,291
up €15,291 (+37.1%), from €41,179 to €56,470
- Profit (loss) carried forward -€7,687
down €7,687 (-10.2%), from €75,394 to €67,707
- Trade debts -€4,852
down €4,852 (-89.1%), from €5,449 to €597
- Tax, wage and social debts -€2,222
down €2,222 (-24.4%), from €9,096 to €6,874
- Gross operating margin +€23,671
up €23,671 (+46.7%), from €50,697 to €74,369
- Taxes +€4,452
up €4,452 (+63.1%), from €7,053 to €11,505
- Depreciation +€1,821
up €1,821 (+10.0%), from €18,255 to €20,076
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 | €134,119 | €134,648 | +€529 | +0.4% |
| Fixed assets | 21/28 | €74,689 | €54,613 | -€20,076 | -26.9% |
| Tangible fixed assets | 22/27 | €74,689 | €54,613 | -€20,076 | -26.9% |
| Plant, machinery and equipment | 23 | €3,157 | €2,145 | -€1,011 | -32.0% |
| Furniture and vehicles | 24 | €70,824 | €51,760 | -€19,064 | -26.9% |
| Other tangible fixed assets | 26 | €708 | €708 | = | 0.0% |
| Current assets | 29/58 | €59,430 | €80,035 | +€20,605 | +34.7% |
| Amounts receivable within one year | 40/41 | €27,135 | €13,745 | -€13,390 | -49.3% |
| Trade receivables | 40 | €24,188 | €7,260 | -€16,928 | -70.0% |
| Other amounts receivable | 41 | €2,947 | €6,485 | +€3,538 | +120.1% |
| Cash at bank and in hand | 54/58 | €32,295 | €66,290 | +€33,995 | +105.3% |
| Total equity and liabilities | 10/49 | €134,119 | €134,648 | +€529 | +0.4% |
| Equity | 10/15 | €78,394 | €70,707 | -€7,687 | -9.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,394 | €67,707 | -€7,687 | -10.2% |
| Amounts payable | 17/49 | €55,724 | €63,941 | +€8,216 | +14.7% |
| Amounts payable within one year | 42/48 | €55,724 | €63,941 | +€8,216 | +14.7% |
| Trade debts | 44 | €5,449 | €597 | -€4,852 | -89.1% |
| Suppliers | 440/4 | €5,449 | €597 | -€4,852 | -89.1% |
| Taxes, remuneration and social security | 45 | €9,096 | €6,874 | -€2,222 | -24.4% |
| Taxes | 450/3 | €9,096 | €6,874 | -€2,222 | -24.4% |
| Other amounts payable | 47/48 | €41,179 | €56,470 | +€15,291 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,255 | €20,076 | +€1,821 | +10.0% |
| Other operating charges | 640/8 | €614 | €773 | +€160 | +26.0% |
| Gross operating margin | 9900 | €50,697 | €74,369 | +€23,671 | +46.7% |
| Operating profit (loss) | 9901 | €31,829 | €53,520 | +€21,691 | +68.1% |
| Financial income | 75/76B | €1 | €467 | +€467 | +91496.1% |
| Recurring financial income | 75 | €1 | €467 | +€467 | +91496.1% |
| Financial charges | 65/66B | €68 | €169 | +€101 | +149.0% |
| Recurring financial charges | 65 | €68 | €169 | +€101 | +149.0% |
| Profit (loss) for the period before taxes | 9903 | €31,762 | €53,818 | +€22,056 | +69.4% |
| Income taxes | 67/77 | €7,053 | €11,505 | +€4,452 | +63.1% |
| Profit (loss) for the period | 9904 | €24,709 | €42,313 | +€17,604 | +71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,709 | €42,313 | +€17,604 | +71.2% |
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 9 October 2026 via checked.be.