Qteal: what changed
What changed
Qteal
NACE 62.200, Computer consultancy and computer facilities management
filed annual accounts (NBB)
Net result for the year
€259,993
2024 · €271,488-€11,495
Equity
€816,567
2024 · €734,013+€82,553
Cash
-
not filed
Balance sheet total
€1.4m
2024 · €1.5m-€86,035
Largest movements
Assets
- Receivables within one year -€76,871
down €76,871 (-25.3%), from €304,420 to €227,549
of which Other amounts receivable: -€49,562
- Tangible fixed assets -€28,001
down €28,001 (-5.8%), from €485,926 to €457,925
of which Furniture and vehicles: -€31,805
- Current investments +€18,515
up €18,515 (+2.8%), from €650,801 to €669,316
Equity and liabilities
- Reserves +€82,553
up €82,553 (+12.4%), from €664,013 to €746,567
of which Distributable reserves: +€82,553
- Debts after one year -€74,475
down €74,475 (-38.8%), from €191,901 to €117,426
- Trade debts -€54,659
down €54,659 (-62.2%), from €87,936 to €33,276
- Other debts -€45,943
down €45,943 (-19.6%), from €234,494 to €188,551
Income statement
- Staff costs +€92,961
up €92,961 (+12.0%), from €776,415 to €869,376
- Gross operating margin +€62,041
up €62,041 (+4.7%), from €1.3m to €1.4m
- Taxes -€38,826
down €38,826 (-28.7%), from €135,048 to €96,222
- Depreciation +€28,128
up €28,128 (+22.3%), from €126,412 to €154,540
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€271,488
Gross operating margin
+€62,041
Staff costs
-€92,961
Depreciation
-€28,128
Other operating charges
+€106
Other operating items
+€4,079
Financial income
+€136
Financial charges
+€4,406
Taxes
+€38,826
Result 2025
€259,993
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,487,056 | €1,401,021 | -€86,035 | -5.8% |
| Fixed assets | 21/28 | €503,726 | €475,725 | -€28,001 | -5.6% |
| Tangible fixed assets | 22/27 | €485,926 | €457,925 | -€28,001 | -5.8% |
| Plant, machinery and equipment | 23 | €9,109 | €7,673 | -€1,436 | -15.8% |
| Furniture and vehicles | 24 | €476,817 | €445,013 | -€31,805 | -6.7% |
| Other tangible fixed assets | 26 | - | €5,240 | +€5,240 | |
| Financial fixed assets | 28 | €17,800 | €17,800 | = | 0.0% |
| Current assets | 29/58 | €983,330 | €925,296 | -€58,034 | -5.9% |
| Amounts receivable within one year | 40/41 | €304,420 | €227,549 | -€76,871 | -25.3% |
| Trade receivables | 40 | €221,394 | €194,084 | -€27,310 | -12.3% |
| Other amounts receivable | 41 | €83,027 | €33,465 | -€49,562 | -59.7% |
| Current investments | 50/53 | €650,801 | €669,316 | +€18,515 | +2.8% |
| Deferred charges and accrued income | 490/1 | €28,108 | €28,431 | +€323 | +1.1% |
| Total equity and liabilities | 10/49 | €1,487,056 | €1,401,021 | -€86,035 | -5.8% |
| Equity | 10/15 | €734,013 | €816,567 | +€82,553 | +11.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €664,013 | €746,567 | +€82,553 | +12.4% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €657,013 | €739,567 | +€82,553 | +12.6% |
| Amounts payable | 17/49 | €753,043 | €584,455 | -€168,588 | -22.4% |
| Amounts payable after more than one year | 17 | €191,901 | €117,426 | -€74,475 | -38.8% |
| Financial debts | 170/4 | €191,901 | €117,426 | -€74,475 | -38.8% |
| Amounts payable within one year | 42/48 | €554,380 | €460,275 | -€94,105 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €71,567 | €74,475 | +€2,908 | +4.1% |
| Financial debts | 43 | €5,189 | €7,042 | +€1,853 | +35.7% |
| Credit institutions | 430/8 | €5,189 | €7,042 | +€1,853 | +35.7% |
| Trade debts | 44 | €87,936 | €33,276 | -€54,659 | -62.2% |
| Suppliers | 440/4 | €87,936 | €33,276 | -€54,659 | -62.2% |
| Taxes, remuneration and social security | 45 | €155,194 | €156,931 | +€1,737 | +1.1% |
| Taxes | 450/3 | €82,461 | €67,335 | -€15,126 | -18.3% |
| Remuneration and social security | 454/9 | €72,733 | €89,596 | +€16,863 | +23.2% |
| Other amounts payable | 47/48 | €234,494 | €188,551 | -€45,943 | -19.6% |
| Accrued charges and deferred income | 492/3 | €6,762 | €6,754 | -€8 | -0.1% |
| Non-recurring operating income | 76A | €459 | - | -€459 | |
| Remuneration, social security and pensions | 62 | €776,415 | €869,376 | +€92,961 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,412 | €154,540 | +€28,128 | +22.3% |
| Other operating charges | 640/8 | €1,344 | €1,238 | -€106 | -7.9% |
| Non-recurring operating charges | 66A | €4,079 | - | -€4,079 | |
| Gross operating margin | 9900 | €1,329,981 | €1,392,022 | +€62,041 | +4.7% |
| Operating profit (loss) | 9901 | €421,730 | €366,867 | -€54,863 | -13.0% |
| Financial income | 75/76B | €1 | €137 | +€136 | +22,655% |
| Recurring financial income | 75 | €1 | €137 | +€136 | +22,655% |
| Financial charges | 65/66B | €15,195 | €10,789 | -€4,406 | -29.0% |
| Recurring financial charges | 65 | €15,195 | €10,789 | -€4,406 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €406,536 | €356,215 | -€50,321 | -12.4% |
| Income taxes | 67/77 | €135,048 | €96,222 | -€38,826 | -28.7% |
| Profit (loss) for the period | 9904 | €271,488 | €259,993 | -€11,495 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €271,488 | €259,993 | -€11,495 | -4.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.