QTEC-ENGINEERING: 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-ENGINEERING
Largest movements
- Tangible fixed assets -€19,245
down €19,245 (-41.5%), from €46,391 to €27,146
- Intangible fixed assets -€10,673
down €10,673 (-61.8%), from €17,279 to €6,606
- Cash -€10,455
down €10,455 (-26.2%), from €39,920 to €29,466
mainly Net result for the year (-€37,871) and Other debts (-€5,340)
- Profit (loss) carried forward -€37,871
down €37,871 (-22.3%), from -€169,803 to -€207,673
- Other debts -€5,340
down €5,340 (-1.7%), from €308,128 to €302,788
- Depreciation +€31,418
new in 2025: €31,418
- Gross operating margin +€8,967
up €8,967 (+71.3%), from -€12,568 to -€3,601
- Financial income -€166
down €166 (-100.0%), from €166 to €0
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 | €437,460 | €394,194 | -€43,266 | -9.9% |
| Fixed assets | 21/28 | €66,041 | €36,123 | -€29,918 | -45.3% |
| Intangible fixed assets | 21 | €17,279 | €6,606 | -€10,673 | -61.8% |
| Tangible fixed assets | 22/27 | €46,391 | €27,146 | -€19,245 | -41.5% |
| Land and buildings | 22 | €10,199 | €7,503 | -€2,696 | -26.4% |
| Plant, machinery and equipment | 23 | €15,048 | €5,460 | -€9,588 | -63.7% |
| Furniture and vehicles | 24 | €21,145 | €14,183 | -€6,962 | -32.9% |
| Financial fixed assets | 28 | €2,370 | €2,370 | = | 0.0% |
| Current assets | 29/58 | €371,420 | €358,071 | -€13,348 | -3.6% |
| Stocks and contracts in progress | 3 | €323,040 | €323,040 | = | 0.0% |
| Stocks | 30/36 | €323,040 | €323,040 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,858 | €1,323 | -€1,535 | -53.7% |
| Trade receivables | 40 | €105 | €775 | +€670 | +638.1% |
| Other amounts receivable | 41 | €2,753 | €548 | -€2,206 | -80.1% |
| Cash at bank and in hand | 54/58 | €39,920 | €29,466 | -€10,455 | -26.2% |
| Deferred charges and accrued income | 490/1 | €5,601 | €4,243 | -€1,358 | -24.3% |
| Total equity and liabilities | 10/49 | €437,460 | €394,194 | -€43,266 | -9.9% |
| Equity | 10/15 | -€151,203 | -€189,073 | -€37,871 | -25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,803 | -€207,673 | -€37,871 | -22.3% |
| Amounts payable | 17/49 | €588,663 | €583,267 | -€5,396 | -0.9% |
| Amounts payable after more than one year | 17 | €280,000 | €280,000 | = | 0.0% |
| Financial debts | 170/4 | €280,000 | €280,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €308,663 | €303,267 | -€5,396 | -1.7% |
| Trade debts | 44 | €535 | €479 | -€56 | -10.5% |
| Suppliers | 440/4 | €535 | €479 | -€56 | -10.5% |
| Other amounts payable | 47/48 | €308,128 | €302,788 | -€5,340 | -1.7% |
| Non-recurring operating income | 76A | €2,676 | €0 | -€2,676 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €31,418 | +€31,418 | |
| Other operating charges | 640/8 | €2,536 | €2,472 | -€64 | -2.5% |
| Gross operating margin | 9900 | -€12,568 | -€3,601 | +€8,967 | +71.3% |
| Operating profit (loss) | 9901 | -€15,104 | -€37,491 | -€22,387 | -148.2% |
| Financial income | 75/76B | €166 | €0 | -€166 | -100.0% |
| Recurring financial income | 75 | €166 | €0 | -€166 | -100.0% |
| Financial charges | 65/66B | €399 | €380 | -€19 | -4.8% |
| Recurring financial charges | 65 | €399 | €380 | -€19 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,337 | -€37,871 | -€22,534 | -146.9% |
| Profit (loss) for the period | 9904 | -€15,337 | -€37,871 | -€22,534 | -146.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,337 | -€37,871 | -€22,534 | -146.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.