QTHAC: what changed
QTHAC
Largest movements
- Cash -€5,729
down €5,729 (-27.8%), from €20,613 to €14,884
mainly Tax, wage and social debts (-€8,659) and Receivables within one year (-€2,512)
- Receivables within one year +€2,512
up €2,512 (+2,785%), from €90 to €2,602
of which Other amounts receivable: +€2,602
- Deferred charges and accrued income +€1,545
up €1,545 (+5,103%), from €30 to €1,575
- Tangible fixed assets -€669
down €669 (-46.0%), from €1,454 to €785
- Tax, wage and social debts -€8,659
down €8,659 (-79.0%), from €10,956 to €2,297
- Trade debts +€7,549
up €7,549 (+3,973%), from €190 to €7,739
- Profit (loss) carried forward -€868
down €868 (-14.1%), from €6,138 to €5,270
- Other debts -€363
down €363 (-8.2%), from €4,403 to €4,041
- Gross operating margin -€20,411
down €20,411 (-86.4%), from €23,631 to €3,219
- Turnover -€17,517
down €17,517 (-37.1%), from €47,238 to €29,721
- Taxes -€4,792
down €4,792 (-65.7%), from €7,291 to €2,499
- Purchases and services +€2,479
up €2,479 (+9.4%), from €26,494 to €28,973
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.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,187 | €19,846 | -€2,341 | -10.6% |
| Fixed assets | 21/28 | €1,454 | €785 | -€669 | -46.0% |
| Tangible fixed assets | 22/27 | €1,454 | €785 | -€669 | -46.0% |
| Furniture and vehicles | 24 | €1,454 | €785 | -€669 | -46.0% |
| Current assets | 29/58 | €20,733 | €19,061 | -€1,672 | -8.1% |
| Amounts receivable within one year | 40/41 | €90 | €2,602 | +€2,512 | +2,785% |
| Trade receivables | 40 | €90 | - | -€90 | |
| Other amounts receivable | 41 | - | €2,602 | +€2,602 | |
| Cash at bank and in hand | 54/58 | €20,613 | €14,884 | -€5,729 | -27.8% |
| Deferred charges and accrued income | 490/1 | €30 | €1,575 | +€1,545 | +5,103% |
| Total equity and liabilities | 10/49 | €22,187 | €19,846 | -€2,341 | -10.6% |
| Equity | 10/15 | €6,638 | €5,770 | -€868 | -13.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,138 | €5,270 | -€868 | -14.1% |
| Amounts payable | 17/49 | €15,549 | €14,076 | -€1,473 | -9.5% |
| Amounts payable within one year | 42/48 | €15,549 | €14,076 | -€1,473 | -9.5% |
| Trade debts | 44 | €190 | €7,739 | +€7,549 | +3,973% |
| Suppliers | 440/4 | €190 | €7,739 | +€7,549 | +3,973% |
| Taxes, remuneration and social security | 45 | €10,956 | €2,297 | -€8,659 | -79.0% |
| Taxes | 450/3 | €10,956 | €2,297 | -€8,659 | -79.0% |
| Other amounts payable | 47/48 | €4,403 | €4,041 | -€363 | -8.2% |
| Turnover | 70 | €47,238 | €29,721 | -€17,517 | -37.1% |
| Non-recurring operating income | 76A | €2,886 | €2,471 | -€415 | -14.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €26,494 | €28,973 | +€2,479 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281 | €669 | +€388 | +138% |
| Other operating charges | 640/8 | €666 | €714 | +€48 | +7.1% |
| Gross operating margin | 9900 | €23,631 | €3,219 | -€20,411 | -86.4% |
| Operating profit (loss) | 9901 | €22,684 | €1,837 | -€20,847 | -91.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €70 | €206 | +€136 | +194% |
| Recurring financial charges | 65 | €70 | €206 | +€136 | +194% |
| Profit (loss) for the period before taxes | 9903 | €22,614 | €1,631 | -€20,983 | -92.8% |
| Income taxes | 67/77 | €7,291 | €2,499 | -€4,792 | -65.7% |
| Profit (loss) for the period | 9904 | €15,323 | -€868 | -€16,191 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,323 | -€868 | -€16,191 |
Next steps
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 6 November 2026 via checked.be.