QTS: 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.
QTS
Largest movements
- Receivables within one year -€37,370
down €37,370 (-13.9%), from €268,673 to €231,303
of which Trade receivables: -€81,767
- Cash -€32,667
down €32,667 (-92.2%), from €35,439 to €2,772
- Tangible fixed assets -€18,450
down €18,450 (-21.4%), from €86,100 to €67,650
- Trade debts -€75,478
down €75,478 (-45.3%), from €166,697 to €91,218
- Debts after one year -€32,004
down €32,004 (-66.7%), from €47,986 to €15,982
- Accrued charges and deferred income -€23,625
down €23,625 (-25.0%), from €94,577 to €70,951
- Tax, wage and social debts +€18,501
up €18,501 (+193.2%), from €9,575 to €28,076
of which Taxes: +€19,720
- Profit (loss) carried forward +€13,857
up €13,857, from -€12,000 to €1,857
- Gross operating margin -€43,148
down €43,148 (-64.6%), from €66,744 to €23,596
- Staff costs -€34,873
no longer reported in 2025 (was €34,873)
- Depreciation -€15,000
down €15,000 (-70.9%), from €21,150 to €6,150
- Taxes +€1,390
up €1,390 (+61.1%), from €2,276 to €3,666
- Financial charges +€948
up €948 (+52.7%), from €1,798 to €2,746
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €392,316 | €302,567 | -€89,750 | -22.9% |
| Fixed assets | 21/28 | €86,100 | €67,650 | -€18,450 | -21.4% |
| Tangible fixed assets | 22/27 | €86,100 | €67,650 | -€18,450 | -21.4% |
| Land and buildings | 22 | €86,100 | €67,650 | -€18,450 | -21.4% |
| Current assets | 29/58 | €306,216 | €234,917 | -€71,300 | -23.3% |
| Amounts receivable within one year | 40/41 | €268,673 | €231,303 | -€37,370 | -13.9% |
| Trade receivables | 40 | €141,769 | €60,001 | -€81,767 | -57.7% |
| Other amounts receivable | 41 | €126,904 | €171,301 | +€44,397 | +35.0% |
| Cash at bank and in hand | 54/58 | €35,439 | €2,772 | -€32,667 | -92.2% |
| Deferred charges and accrued income | 490/1 | €2,105 | €842 | -€1,263 | -60.0% |
| Total equity and liabilities | 10/49 | €392,316 | €302,567 | -€89,750 | -22.9% |
| Equity | 10/15 | €8,451 | €22,308 | +€13,857 | +164.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,000 | €1,857 | +€13,857 | |
| Amounts payable | 17/49 | €383,865 | €280,259 | -€103,606 | -27.0% |
| Amounts payable after more than one year | 17 | €47,986 | €15,982 | -€32,004 | -66.7% |
| Financial debts | 170/4 | €47,986 | €15,982 | -€32,004 | -66.7% |
| Amounts payable within one year | 42/48 | €241,302 | €193,325 | -€47,977 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €10,668 | €10,668 | = | 0.0% |
| Trade debts | 44 | €166,697 | €91,218 | -€75,478 | -45.3% |
| Suppliers | 440/4 | €166,697 | €91,218 | -€75,478 | -45.3% |
| Taxes, remuneration and social security | 45 | €9,575 | €28,076 | +€18,501 | +193.2% |
| Taxes | 450/3 | €8,356 | €28,076 | +€19,720 | +236.0% |
| Remuneration and social security | 454/9 | €1,219 | - | -€1,219 | |
| Other amounts payable | 47/48 | €54,363 | €63,363 | +€9,001 | +16.6% |
| Accrued charges and deferred income | 492/3 | €94,577 | €70,951 | -€23,625 | -25.0% |
| Remuneration, social security and pensions | 62 | €34,873 | - | -€34,873 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,150 | €6,150 | -€15,000 | -70.9% |
| Other operating charges | 640/8 | €1,014 | €1,406 | +€392 | +38.6% |
| Gross operating margin | 9900 | €66,744 | €23,596 | -€43,148 | -64.6% |
| Operating profit (loss) | 9901 | €9,707 | €16,040 | +€6,333 | +65.2% |
| Financial income | 75/76B | €563 | €157 | -€406 | -72.1% |
| Recurring financial income | 75 | €563 | €157 | -€406 | -72.1% |
| Financial charges | 65/66B | €1,798 | €2,746 | +€948 | +52.7% |
| Recurring financial charges | 65 | €1,798 | €2,746 | +€948 | +52.7% |
| Profit (loss) for the period before taxes | 9903 | €8,473 | €13,452 | +€4,980 | +58.8% |
| Income taxes | 67/77 | €2,276 | €3,666 | +€1,390 | +61.1% |
| Profit (loss) for the period | 9904 | €6,197 | €9,786 | +€3,589 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,197 | €9,786 | +€3,589 | +57.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.