QTA: 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.
QTA
Largest movements
- Receivables within one year +€53,514
up €53,514 (+2858.7%), from €1,872 to €55,386
of which Trade receivables: +€53,505
- Cash -€28,766
down €28,766 (-47.8%), from €60,188 to €31,421
mainly Debts after one year (-€94,643) and Receivables within one year (-€53,514)
- Profit (loss) carried forward +€112,189
up €112,189 (+54.2%), from €206,928 to €319,117
- Debts after one year -€94,643
down €94,643 (-19.3%), from €491,071 to €396,429
- Depreciation -€4,881
down €4,881 (-95.0%), from €5,139 to €257
- Taxes +€2,112
up €2,112 (+1649.8%), from €128 to €2,240
- Financial charges -€1,478
down €1,478 (-11.4%), from €12,926 to €11,448
- Gross operating margin +€1,145
up €1,145 (+7.5%), from €15,280 to €16,424
- Financial income +€458
up €458 (+0.4%), from €110,000 to €110,458
of which Non-recurring financial income: +€458
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 | €846,823 | €863,979 | +€17,156 | +2.0% |
| Fixed assets | 21/28 | €781,567 | €776,903 | -€4,664 | -0.6% |
| Tangible fixed assets | 22/27 | €6,567 | €1,903 | -€4,664 | -71.0% |
| Furniture and vehicles | 24 | €6,567 | €1,903 | -€4,664 | -71.0% |
| Financial fixed assets | 28 | €775,000 | €775,000 | = | 0.0% |
| Current assets | 29/58 | €65,256 | €87,076 | +€21,819 | +33.4% |
| Amounts receivable within one year | 40/41 | €1,872 | €55,386 | +€53,514 | +2858.7% |
| Trade receivables | 40 | - | €53,505 | +€53,505 | |
| Other amounts receivable | 41 | €1,872 | €1,882 | +€10 | +0.5% |
| Cash at bank and in hand | 54/58 | €60,188 | €31,421 | -€28,766 | -47.8% |
| Deferred charges and accrued income | 490/1 | €3,197 | €268 | -€2,928 | -91.6% |
| Total equity and liabilities | 10/49 | €846,823 | €863,979 | +€17,156 | +2.0% |
| Equity | 10/15 | €209,328 | €321,517 | +€112,189 | +53.6% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,928 | €319,117 | +€112,189 | +54.2% |
| Amounts payable | 17/49 | €637,496 | €542,462 | -€95,033 | -14.9% |
| Amounts payable after more than one year | 17 | €491,071 | €396,429 | -€94,643 | -19.3% |
| Financial debts | 170/4 | €491,071 | €396,429 | -€94,643 | -19.3% |
| Amounts payable within one year | 42/48 | €141,410 | €139,757 | -€1,654 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €132,143 | €132,143 | = | 0.0% |
| Trade debts | 44 | €2,672 | €618 | -€2,054 | -76.9% |
| Suppliers | 440/4 | €2,672 | €618 | -€2,054 | -76.9% |
| Taxes, remuneration and social security | 45 | €6,595 | €6,996 | +€401 | +6.1% |
| Taxes | 450/3 | €6,595 | €6,996 | +€401 | +6.1% |
| Accrued charges and deferred income | 492/3 | €5,014 | €6,277 | +€1,263 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,139 | €257 | -€4,881 | -95.0% |
| Other operating charges | 640/8 | €505 | €748 | +€244 | +48.3% |
| Gross operating margin | 9900 | €15,280 | €16,424 | +€1,145 | +7.5% |
| Operating profit (loss) | 9901 | €9,636 | €15,419 | +€5,782 | +60.0% |
| Financial income | 75/76B | €110,000 | €110,458 | +€458 | +0.4% |
| Recurring financial income | 75 | €110,000 | €110,000 | = | 0.0% |
| Non-recurring financial income | 76B | - | €458 | +€458 | |
| Financial charges | 65/66B | €12,926 | €11,448 | -€1,478 | -11.4% |
| Recurring financial charges | 65 | €12,926 | €11,448 | -€1,478 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €106,711 | €114,429 | +€7,718 | +7.2% |
| Income taxes | 67/77 | €128 | €2,240 | +€2,112 | +1649.8% |
| Profit (loss) for the period | 9904 | €106,583 | €112,189 | +€5,606 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €106,583 | €112,189 | +€5,606 | +5.3% |
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 6 October 2026 via checked.be.