QTime: 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.
QTime
Largest movements
- Intangible fixed assets -€1,938
down €1,938 (-100.0%), from €1,938 to €0
- Cash +€672
up €672 (+4800.0%), from €14 to €686
mainly Depreciation (+€2,278) and Other debts (+€948)
- Tangible fixed assets -€340
down €340 (-100.0%), from €340 to €0
- Stocks and contracts -€302
down €302 (-7.4%), from €4,089 to €3,787
- Receivables within one year -€190
down €190 (-100.0%), from €190 to €0
- Profit (loss) carried forward -€2,935
down €2,935 (-9.7%), from -€30,394 to -€33,329
- Other debts +€948
up €948 (+4.3%), from €21,901 to €22,849
- Tax, wage and social debts +€453
new in 2024: €453
- Trade debts -€420
down €420 (-17.4%), from €2,420 to €2,000
- Accrued charges and deferred income -€144
no longer reported in 2024 (was €144)
- Gross operating margin +€3,365
up €3,365 (+97.5%), from -€3,451 to -€86
- Depreciation -€336
down €336 (-12.9%), from €2,614 to €2,278
- Other operating charges +€127
up €127 (+33.1%), from €384 to €511
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,571 | €4,473 | -€2,098 | -31.9% |
| Fixed assets | 21/28 | €2,278 | €0 | -€2,278 | -100.0% |
| Intangible fixed assets | 21 | €1,938 | €0 | -€1,938 | -100.0% |
| Tangible fixed assets | 22/27 | €340 | €0 | -€340 | -100.0% |
| Furniture and vehicles | 24 | €340 | €0 | -€340 | -100.0% |
| Current assets | 29/58 | €4,293 | €4,473 | +€180 | +4.2% |
| Stocks and contracts in progress | 3 | €4,089 | €3,787 | -€302 | -7.4% |
| Stocks | 30/36 | €4,089 | €3,787 | -€302 | -7.4% |
| Amounts receivable within one year | 40/41 | €190 | €0 | -€190 | -100.0% |
| Other amounts receivable | 41 | €190 | €0 | -€190 | -100.0% |
| Cash at bank and in hand | 54/58 | €14 | €686 | +€672 | +4800.0% |
| Total equity and liabilities | 10/49 | €6,571 | €4,473 | -€2,098 | -31.9% |
| Equity | 10/15 | -€17,894 | -€20,829 | -€2,935 | -16.4% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,394 | -€33,329 | -€2,935 | -9.7% |
| Amounts payable | 17/49 | €24,465 | €25,302 | +€837 | +3.4% |
| Amounts payable within one year | 42/48 | €24,321 | €25,302 | +€981 | +4.0% |
| Trade debts | 44 | €2,420 | €2,000 | -€420 | -17.4% |
| Suppliers | 440/4 | €2,420 | €2,000 | -€420 | -17.4% |
| Taxes, remuneration and social security | 45 | - | €453 | +€453 | |
| Taxes | 450/3 | - | €453 | +€453 | |
| Other amounts payable | 47/48 | €21,901 | €22,849 | +€948 | +4.3% |
| Accrued charges and deferred income | 492/3 | €144 | - | -€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,614 | €2,278 | -€336 | -12.9% |
| Other operating charges | 640/8 | €384 | €511 | +€127 | +33.1% |
| Gross operating margin | 9900 | -€3,451 | -€86 | +€3,365 | +97.5% |
| Operating profit (loss) | 9901 | -€6,449 | -€2,875 | +€3,574 | +55.4% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €85 | €65 | -€20 | -23.5% |
| Recurring financial charges | 65 | €85 | €65 | -€20 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,534 | -€2,935 | +€3,599 | +55.1% |
| Profit (loss) for the period | 9904 | -€6,534 | -€2,935 | +€3,599 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,534 | -€2,935 | +€3,599 | +55.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.