QTeam Sud: 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 Sud
NACE 47.820, Retail sale of motor vehicle parts and accessories
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €1.3m+€197,482
Equity
€12.2m
2024 · €10.7m+€1.5m
Cash
€75,905
2024 · €295,466-€219,561
Balance sheet total
€23.5m
2024 · €27.9m-€4.4m
Largest movements
Assets
- Receivables within one year -€4.2m
down €4.2m (-18.6%), from €22.8m to €18.5m
of which Other amounts receivable: -€3.0m
Equity and liabilities
- Trade debts -€3.8m
down €3.8m (-28.3%), from €13.5m to €9.7m
- Other debts -€2.0m
no longer reported in 2025 (was €2.0m)
- Profit (loss) carried forward +€1.5m
up €1.5m (+63.9%), from €2.4m to €3.9m
Income statement
- Turnover +€3.8m
up €3.8m (+7.5%), from €50.7m to €54.5m
- Goods and materials +€1.8m
up €1.8m (+5.6%), from €32.4m to €34.2m
of which Purchases: +€2.2m
- Staff costs +€839,145
up €839,145 (+10.2%), from €8.3m to €9.1m
- Services and other goods +€664,237
up €664,237 (+7.8%), from €8.5m to €9.2m
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
€1.3m
Turnover
+€3.8m
Other operating income
-€166,545
Goods and materials
-€1.8m
Services and other goods
-€664,237
Staff costs
-€839,145
Depreciation
-€56,877
Write-downs
+€20,387
Other operating charges
+€15,857
Other operating items
-€45,143
Financial income
-€3,599
Financial charges
+€857
Taxes
-€63,078
Result 2025
€1.5m
raises the resultlowers the resultnot broken down further in the accounts
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
+€444,167
Investment
-€663,728
Financing
€0
Cash 2024
€295,466
From operations (derived)
+€444,167
Net result for the year
+€1.5m
Depreciation
+€432,516
Stocks and contracts
+€234,785
Receivables within one year
+€4.2m
Deferred charges and accrued income
-€75,503
Trade debts
-€3.8m
Tax, wage and social debts
-€65,381
Other debts
-€2.0m
Accrued charges and deferred income
-€16,937
Investment (derived)
-€663,728
Investment in fixed assets (net)
-€663,728
Cash 2025
€75,905
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,884,451 | €23,503,455 | -€4.4m | -15.7% |
| Fixed assets | 21/28 | €1,561,598 | €1,792,810 | +€231,213 | +14.8% |
| Intangible fixed assets | 21 | €18,247 | €14,597 | -€3,650 | -20.0% |
| Tangible fixed assets | 22/27 | €1,529,705 | €1,764,567 | +€234,862 | +15.4% |
| Plant, machinery and equipment | 23 | €792,505 | €779,803 | -€12,702 | -1.6% |
| Furniture and vehicles | 24 | €79,617 | €119,236 | +€39,619 | +49.8% |
| Other tangible fixed assets | 26 | €657,583 | €865,529 | +€207,945 | +31.6% |
| Financial fixed assets | 28 | €13,646 | €13,646 | = | 0.0% |
| Other financial fixed assets | 284/8 | €13,646 | €13,646 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €13,646 | €13,646 | = | 0.0% |
| Current assets | 29/58 | €26,322,854 | €21,710,645 | -€4.6m | -17.5% |
| Stocks and contracts in progress | 3 | €3,208,637 | €2,973,852 | -€234,785 | -7.3% |
| Stocks | 30/36 | €3,208,637 | €2,973,852 | -€234,785 | -7.3% |
| Goods purchased for resale | 34 | €3,208,637 | €2,973,852 | -€234,785 | -7.3% |
| Amounts receivable within one year | 40/41 | €22,774,431 | €18,541,066 | -€4.2m | -18.6% |
| Trade receivables | 40 | €14,139,124 | €12,894,138 | -€1.2m | -8.8% |
| Other amounts receivable | 41 | €8,635,308 | €5,646,927 | -€3.0m | -34.6% |
| Cash at bank and in hand | 54/58 | €295,466 | €75,905 | -€219,561 | -74.3% |
| Deferred charges and accrued income | 490/1 | €44,319 | €119,822 | +€75,503 | +170% |
| Total equity and liabilities | 10/49 | €27,884,451 | €23,503,455 | -€4.4m | -15.7% |
| Equity | 10/15 | €10,719,280 | €12,238,044 | +€1.5m | +14.2% |
| Contributions | 10/11 | €1,232,948 | €1,232,948 | = | 0.0% |
| Capital | 10 | €1,232,948 | €1,232,948 | = | 0.0% |
| Issued capital | 100 | €1,232,948 | €1,232,948 | = | 0.0% |
| Reserves | 13 | €7,109,876 | €7,109,876 | = | 0.0% |
| Non-distributable reserves | 130/1 | €139,999 | €139,999 | = | 0.0% |
| Legal reserve | 130 | €126,588 | €126,588 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,411 | €13,411 | = | 0.0% |
| Tax-exempt reserves | 132 | €101,877 | €101,877 | = | 0.0% |
| Distributable reserves | 133 | €6,868,000 | €6,868,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,376,456 | €3,895,220 | +€1.5m | +63.9% |
| Amounts payable | 17/49 | €17,165,171 | €11,265,412 | -€5.9m | -34.4% |
| Amounts payable within one year | 42/48 | €17,148,234 | €11,265,412 | -€5.9m | -34.3% |
| Trade debts | 44 | €13,481,368 | €9,663,927 | -€3.8m | -28.3% |
| Suppliers | 440/4 | €13,481,368 | €9,663,927 | -€3.8m | -28.3% |
| Taxes, remuneration and social security | 45 | €1,666,865 | €1,601,484 | -€65,381 | -3.9% |
| Taxes | 450/3 | €893,783 | €699,315 | -€194,468 | -21.8% |
| Remuneration and social security | 454/9 | €773,082 | €902,169 | +€129,087 | +16.7% |
| Other amounts payable | 47/48 | €2,000,000 | - | -€2.0m | |
| Accrued charges and deferred income | 492/3 | €16,937 | - | -€16,937 | |
| Operating income | 70/76A | €51,221,416 | €54,839,116 | +€3.6m | +7.1% |
| Turnover | 70 | €50,691,189 | €54,510,111 | +€3.8m | +7.5% |
| Other operating income | 74 | €495,550 | €329,005 | -€166,545 | -33.6% |
| Non-recurring operating income | 76A | €34,677 | - | -€34,677 | |
| Operating charges | 60/66A | €49,672,151 | €53,026,548 | +€3.4m | +6.8% |
| Goods for resale, raw materials and consumables | 60 | €32,414,692 | €34,234,608 | +€1.8m | +5.6% |
| Purchases | 600/8 | €31,848,842 | €34,021,976 | +€2.2m | +6.8% |
| Change in stocks: decrease (increase) | 609 | €565,850 | €212,632 | -€353,218 | -62.4% |
| Services and other goods | 61 | €8,510,525 | €9,174,762 | +€664,237 | +7.8% |
| Remuneration, social security and pensions | 62 | €8,263,586 | €9,102,731 | +€839,145 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €375,638 | €432,516 | +€56,877 | +15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50,844 | €30,457 | -€20,387 | -40.1% |
| Other operating charges | 640/8 | €55,841 | €39,984 | -€15,857 | -28.4% |
| Non-recurring operating charges | 66A | €1,024 | €11,490 | +€10,466 | +1,022% |
| Operating profit (loss) | 9901 | €1,549,266 | €1,812,568 | +€263,303 | +17.0% |
| Financial income | 75/76B | €292,327 | €288,728 | -€3,599 | -1.2% |
| Recurring financial income | 75 | €292,327 | €288,728 | -€3,599 | -1.2% |
| Income from current assets | 751 | - | €200,660 | +€200,660 | |
| Other financial income | 752/9 | €292,327 | €88,068 | -€204,258 | -69.9% |
| Financial charges | 65/66B | €41,754 | €40,897 | -€857 | -2.1% |
| Recurring financial charges | 65 | €41,754 | €40,897 | -€857 | -2.1% |
| Other financial charges | 652/9 | €41,754 | €40,897 | -€857 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €1,799,838 | €2,060,399 | +€260,561 | +14.5% |
| Income taxes | 67/77 | €478,557 | €541,635 | +€63,078 | +13.2% |
| Taxes | 670/3 | €478,557 | €542,197 | +€63,640 | +13.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €562 | +€562 | |
| Profit (loss) for the period | 9904 | €1,321,281 | €1,518,764 | +€197,482 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,321,281 | €1,518,764 | +€197,482 | +14.9% |
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 26 October 2026 via checked.be.