QTeam Holding: 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.
What changed
QTeam Holding
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €2.3m-€250,475
Equity
€27.7m
2024 · €25.7m+€2.0m
Cash
€1.2m
2024 · €237,348+€979,864
Balance sheet total
€32.7m
2024 · €30.7m+€2.1m
Largest movements
Assets
- Financial fixed assets +€2.0m
up €2.0m (+6.9%), from €29.2m to €31.2m
- Receivables within one year -€989,279
down €989,279 (-88.0%), from €1.1m to €135,468
of which Trade receivables: -€905,573
- Cash +€979,864
up €979,864 (+413%), from €237,348 to €1.2m
mainly Net result for the year (+€2.0m) and Receivables within one year (+€989,279)
Equity and liabilities
- Profit (loss) carried forward +€1.9m
up €1.9m (+107%), from €1.8m to €3.7m
Income statement
- Other operating income -€627,277
down €627,277 (-54.2%), from €1.2m to €531,091
- Services and other goods -€337,831
down €337,831 (-18.1%), from €1.9m to €1.5m
- Financial income +€83,025
up €83,025 (+3.9%), from €2.1m to €2.2m
- Financial charges +€39,796
up €39,796 (+21.6%), from €184,259 to €224,055
- Turnover -€26,500
down €26,500 (-2.2%), from €1.2m to €1.2m
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.
Result 2024
€2.3m
Turnover
-€26,500
Other operating income
-€627,277
Services and other goods
+€337,831
Staff costs
+€22,444
Other operating charges
-€221
Financial income
+€83,025
Financial charges
-€39,796
Taxes
+€19
Result 2025
€2.0m
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€3.0m
Investment
-€2.0m
Financing
€0
Cash 2024
€237,348
From operations (derived)
+€3.0m
Net result for the year
+€2.0m
Receivables within one year
+€989,279
Deferred charges and accrued income
-€83,025
Trade debts
-€35,039
Tax, wage and social debts
+€27,407
Other debts
-€25,000
Accrued charges and deferred income
+€89,126
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,655,812 | €32,748,114 | +€2.1m | +6.8% |
| Fixed assets | 21/28 | €29,188,039 | €31,206,731 | +€2.0m | +6.9% |
| Financial fixed assets | 28 | €29,188,039 | €31,206,731 | +€2.0m | +6.9% |
| Affiliated companies | 280/1 | €29,188,039 | €31,206,731 | +€2.0m | +6.9% |
| Participating interests | 280 | €24,788,039 | €24,806,731 | +€18,692 | +0.1% |
| Amounts receivable | 281 | €4,400,000 | €6,400,000 | +€2.0m | +45.5% |
| Current assets | 29/58 | €1,467,773 | €1,541,383 | +€73,610 | +5.0% |
| Amounts receivable within one year | 40/41 | €1,124,747 | €135,468 | -€989,279 | -88.0% |
| Trade receivables | 40 | €1,041,041 | €135,468 | -€905,573 | -87.0% |
| Other amounts receivable | 41 | €83,706 | - | -€83,706 | |
| Cash at bank and in hand | 54/58 | €237,348 | €1,217,212 | +€979,864 | +413% |
| Deferred charges and accrued income | 490/1 | €105,678 | €188,703 | +€83,025 | +78.6% |
| Total equity and liabilities | 10/49 | €30,655,812 | €32,748,114 | +€2.1m | +6.8% |
| Equity | 10/15 | €25,707,361 | €27,743,168 | +€2.0m | +7.9% |
| Contributions | 10/11 | €23,808,954 | €23,808,954 | = | 0.0% |
| Capital | 10 | €23,808,954 | €23,808,954 | = | 0.0% |
| Issued capital | 100 | €23,808,954 | €23,808,954 | = | 0.0% |
| Reserves | 13 | €94,920 | €196,711 | +€101,790 | +107% |
| Non-distributable reserves | 130/1 | €94,920 | €196,711 | +€101,790 | +107% |
| Legal reserve | 130 | €94,920 | €196,711 | +€101,790 | +107% |
| Profit (loss) carried forward | 14 | €1,803,487 | €3,737,504 | +€1.9m | +107% |
| Amounts payable | 17/49 | €4,948,451 | €5,004,946 | +€56,494 | +1.1% |
| Amounts payable after more than one year | 17 | €4,500,000 | €4,500,000 | = | 0.0% |
| Financial debts | 170/4 | €4,500,000 | €4,500,000 | = | 0.0% |
| Credit institutions | 173 | €2,500,000 | €2,500,000 | = | 0.0% |
| Other loans | 174 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €356,518 | €323,887 | -€32,632 | -9.2% |
| Trade debts | 44 | €318,026 | €282,987 | -€35,039 | -11.0% |
| Suppliers | 440/4 | €318,026 | €282,987 | -€35,039 | -11.0% |
| Taxes, remuneration and social security | 45 | €13,493 | €40,900 | +€27,407 | +203% |
| Taxes | 450/3 | €505 | €27,519 | +€27,013 | +5,347% |
| Remuneration and social security | 454/9 | €12,987 | €13,381 | +€394 | +3.0% |
| Other amounts payable | 47/48 | €25,000 | - | -€25,000 | |
| Accrued charges and deferred income | 492/3 | €91,933 | €181,059 | +€89,126 | +96.9% |
| Operating income | 70/76A | €2,381,668 | €1,727,891 | -€653,777 | -27.5% |
| Turnover | 70 | €1,223,300 | €1,196,800 | -€26,500 | -2.2% |
| Other operating income | 74 | €1,158,368 | €531,091 | -€627,277 | -54.2% |
| Operating charges | 60/66A | €2,016,299 | €1,656,245 | -€360,054 | -17.9% |
| Services and other goods | 61 | €1,866,973 | €1,529,142 | -€337,831 | -18.1% |
| Remuneration, social security and pensions | 62 | €147,782 | €125,339 | -€22,444 | -15.2% |
| Other operating charges | 640/8 | €1,544 | €1,764 | +€221 | +14.3% |
| Operating profit (loss) | 9901 | €365,369 | €71,646 | -€293,723 | -80.4% |
| Financial income | 75/76B | €2,105,678 | €2,188,703 | +€83,025 | +3.9% |
| Recurring financial income | 75 | €2,105,678 | €2,188,703 | +€83,025 | +3.9% |
| Income from financial fixed assets | 750 | €2,000,000 | €2,000,000 | = | 0.0% |
| Income from current assets | 751 | €105,678 | €188,703 | +€83,025 | +78.6% |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €184,259 | €224,055 | +€39,796 | +21.6% |
| Recurring financial charges | 65 | €184,259 | €224,055 | +€39,796 | +21.6% |
| Debt charges | 650 | €184,259 | €219,572 | +€35,312 | +19.2% |
| Other financial charges | 652/9 | - | €4,483 | +€4,483 | |
| Profit (loss) for the period before taxes | 9903 | €2,286,787 | €2,036,294 | -€250,494 | -11.0% |
| Income taxes | 67/77 | €505 | €486 | -€19 | -3.8% |
| Taxes | 670/3 | €505 | €486 | -€19 | -3.8% |
| Profit (loss) for the period | 9904 | €2,286,282 | €2,035,807 | -€250,475 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,286,282 | €2,035,807 | -€250,475 | -11.0% |
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 18 October 2026 via checked.be.