QTPi: 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.
QTPi
Largest movements
- Receivables within one year +€26,165
up €26,165 (+84.9%), from €30,832 to €56,997
of which Trade receivables: +€23,007
- Cash -€2,099
down €2,099 (-5.4%), from €39,155 to €37,056
mainly Receivables within one year (-€26,165) and Trade debts (-€5,403)
- Tangible fixed assets -€1,543
down €1,543 (-36.4%), from €4,242 to €2,699
of which Furniture and vehicles: -€1,168
- Debts after one year +€20,000
new in 2025: €20,000
- Reserves +€5,437
up €5,437 (+10.9%), from €49,958 to €55,395
- Trade debts -€5,403
down €5,403 (-38.1%), from €14,196 to €8,792
- Profit (loss) carried forward +€1,255
up €1,255, from -€1,255 to €0
- Gross operating margin +€11,580
up €11,580 (+553.4%), from €2,093 to €13,673
- Taxes +€2,252
up €2,252 (+1407.2%), from €160 to €2,412
- Other operating charges +€1,939
up €1,939 (+298.6%), from €649 to €2,588
- Financial income +€440
up €440 (+39.0%), from €1,129 to €1,569
- Depreciation -€163
down €163 (-9.5%), from €1,705 to €1,543
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 | €74,229 | €96,753 | +€22,523 | +30.3% |
| Fixed assets | 21/28 | €4,242 | €2,699 | -€1,543 | -36.4% |
| Tangible fixed assets | 22/27 | €4,242 | €2,699 | -€1,543 | -36.4% |
| Plant, machinery and equipment | 23 | €749 | €374 | -€374 | -50.0% |
| Furniture and vehicles | 24 | €3,493 | €2,325 | -€1,168 | -33.4% |
| Current assets | 29/58 | €69,987 | €94,053 | +€24,066 | +34.4% |
| Amounts receivable within one year | 40/41 | €30,832 | €56,997 | +€26,165 | +84.9% |
| Trade receivables | 40 | €0 | €23,007 | +€23,007 | |
| Other amounts receivable | 41 | €30,832 | €33,990 | +€3,158 | +10.2% |
| Cash at bank and in hand | 54/58 | €39,155 | €37,056 | -€2,099 | -5.4% |
| Total equity and liabilities | 10/49 | €74,229 | €96,753 | +€22,523 | +30.3% |
| Equity | 10/15 | €50,703 | €57,395 | +€6,692 | +13.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €49,958 | €55,395 | +€5,437 | +10.9% |
| Distributable reserves | 133 | €49,958 | €55,395 | +€5,437 | +10.9% |
| Profit (loss) carried forward | 14 | -€1,255 | €0 | +€1,255 | |
| Amounts payable | 17/49 | €23,526 | €39,358 | +€15,831 | +67.3% |
| Amounts payable after more than one year | 17 | - | €20,000 | +€20,000 | |
| Financial debts | 170/4 | - | €20,000 | +€20,000 | |
| Amounts payable within one year | 42/48 | €23,526 | €18,948 | -€4,578 | -19.5% |
| Trade debts | 44 | €14,196 | €8,792 | -€5,403 | -38.1% |
| Suppliers | 440/4 | €14,196 | €8,792 | -€5,403 | -38.1% |
| Taxes, remuneration and social security | 45 | €9,331 | €10,156 | +€825 | +8.8% |
| Taxes | 450/3 | €9,331 | €10,156 | +€825 | +8.8% |
| Accrued charges and deferred income | 492/3 | - | €410 | +€410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,705 | €1,543 | -€163 | -9.5% |
| Other operating charges | 640/8 | €649 | €2,588 | +€1,939 | +298.6% |
| Gross operating margin | 9900 | €2,093 | €13,673 | +€11,580 | +553.4% |
| Operating profit (loss) | 9901 | -€262 | €9,542 | +€9,804 | |
| Financial income | 75/76B | €1,129 | €1,569 | +€440 | +39.0% |
| Recurring financial income | 75 | €1,129 | €1,569 | +€440 | +39.0% |
| Financial charges | 65/66B | €1,962 | €2,008 | +€46 | +2.3% |
| Recurring financial charges | 65 | €1,204 | €2,008 | +€804 | +66.7% |
| Non-recurring financial charges | 66B | €758 | €0 | -€758 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,095 | €9,103 | +€10,199 | |
| Income taxes | 67/77 | €160 | €2,412 | +€2,252 | +1407.2% |
| Profit (loss) for the period | 9904 | -€1,255 | €6,692 | +€7,947 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,255 | €6,692 | +€7,947 |
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 10 October 2026 via checked.be.