Qtec: 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.
Qtec
Largest movements
- Cash +€8,756
up €8,756 (+12.8%), from €68,197 to €76,953
mainly Net result for the year (+€17,856) and Trade debts (+€403)
- Receivables within one year +€6,534
new in 2025: €6,534
- Tangible fixed assets +€1,197
new in 2025: €1,197
- Reserves +€17,856
up €17,856 (+30.7%), from €58,198 to €76,054
- Tax, wage and social debts -€1,347
down €1,347 (-27.5%), from €4,904 to €3,557
- Gross operating margin -€9,399
down €9,399 (-27.4%), from €34,337 to €24,938
- Taxes -€1,786
down €1,786 (-25.6%), from €6,976 to €5,190
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 | €69,065 | €85,566 | +€16,501 | +23.9% |
| Fixed assets | 21/28 | - | €1,197 | +€1,197 | |
| Tangible fixed assets | 22/27 | - | €1,197 | +€1,197 | |
| Furniture and vehicles | 24 | - | €1,197 | +€1,197 | |
| Current assets | 29/58 | €69,065 | €84,369 | +€15,305 | +22.2% |
| Amounts receivable within one year | 40/41 | - | €6,534 | +€6,534 | |
| Trade receivables | 40 | - | €6,534 | +€6,534 | |
| Cash at bank and in hand | 54/58 | €68,197 | €76,953 | +€8,756 | +12.8% |
| Deferred charges and accrued income | 490/1 | €867 | €882 | +€15 | +1.7% |
| Total equity and liabilities | 10/49 | €69,065 | €85,566 | +€16,501 | +23.9% |
| Equity | 10/15 | €60,698 | €78,554 | +€17,856 | +29.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €58,198 | €76,054 | +€17,856 | +30.7% |
| Distributable reserves | 133 | €58,198 | €76,054 | +€17,856 | +30.7% |
| Amounts payable | 17/49 | €8,367 | €7,012 | -€1,355 | -16.2% |
| Amounts payable within one year | 42/48 | €7,892 | €7,012 | -€880 | -11.2% |
| Trade debts | 44 | €296 | €699 | +€403 | +136.3% |
| Suppliers | 440/4 | €296 | €699 | +€403 | +136.3% |
| Taxes, remuneration and social security | 45 | €4,904 | €3,557 | -€1,347 | -27.5% |
| Taxes | 450/3 | €4,904 | €3,557 | -€1,347 | -27.5% |
| Other amounts payable | 47/48 | €2,692 | €2,755 | +€64 | +2.4% |
| Accrued charges and deferred income | 492/3 | €475 | - | -€475 | |
| Non-recurring operating income | 76A | €254 | - | -€254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €221 | +€221 | |
| Other operating charges | 640/8 | €842 | €928 | +€85 | +10.1% |
| Gross operating margin | 9900 | €34,337 | €24,938 | -€9,399 | -27.4% |
| Operating profit (loss) | 9901 | €33,494 | €23,788 | -€9,706 | -29.0% |
| Financial income | 75/76B | €53 | €155 | +€102 | +191.7% |
| Recurring financial income | 75 | €53 | €155 | +€102 | +191.7% |
| Financial charges | 65/66B | €1,045 | €897 | -€148 | -14.2% |
| Recurring financial charges | 65 | €1,045 | €897 | -€148 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €32,502 | €23,046 | -€9,456 | -29.1% |
| Income taxes | 67/77 | €6,976 | €5,190 | -€1,786 | -25.6% |
| Profit (loss) for the period | 9904 | €25,526 | €17,856 | -€7,670 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,526 | €17,856 | -€7,670 | -30.0% |
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 29 September 2026 via checked.be.