QTS MEDIA: 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 MEDIA
Largest movements
- Deferred charges and accrued income -€4,000
no longer reported in 2025 (was €4,000)
- Cash +€612
up €612 (+314%), from €195 to €807
mainly Other debts (+€76,500) and Deferred charges and accrued income (+€4,000)
- Tangible fixed assets -€583
down €583 (-37.5%), from €1,557 to €974
- Debts after one year -€79,265
down €79,265 (-86.1%), from €92,059 to €12,794
- Other debts +€76,500
up €76,500 (+51.7%), from €147,899 to €224,399
- Tax, wage and social debts -€2,772
no longer reported in 2025 (was €2,772)
- Profit (loss) carried forward +€1,290
up €1,290 (+0.3%), from -€460,039 to -€458,749
- Trade debts +€275
up €275 (+75.9%), from €363 to €638
- Gross operating margin -€16,049
down €16,049 (-86.3%), from €18,600 to €2,551
- Depreciation +€390
up €390 (+202%), from €193 to €583
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.
Derived cash bridge
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 | €5,874 | €1,903 | -€3,971 | -67.6% |
| Fixed assets | 21/28 | €1,557 | €974 | -€583 | -37.5% |
| Tangible fixed assets | 22/27 | €1,557 | €974 | -€583 | -37.5% |
| Furniture and vehicles | 24 | €1,557 | €974 | -€583 | -37.5% |
| Current assets | 29/58 | €4,317 | €929 | -€3,388 | -78.5% |
| Amounts receivable within one year | 40/41 | €122 | €122 | = | 0.0% |
| Trade receivables | 40 | €122 | €122 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €195 | €807 | +€612 | +314% |
| Deferred charges and accrued income | 490/1 | €4,000 | - | -€4,000 | |
| Total equity and liabilities | 10/49 | €5,874 | €1,903 | -€3,971 | -67.6% |
| Equity | 10/15 | -€247,455 | -€246,165 | +€1,290 | +0.5% |
| Contributions | 10/11 | €212,584 | €212,584 | = | 0.0% |
| Capital | 10 | €212,584 | €212,584 | = | 0.0% |
| Issued capital | 100 | €212,584 | €212,584 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€460,039 | -€458,749 | +€1,290 | +0.3% |
| Amounts payable | 17/49 | €253,329 | €248,068 | -€5,262 | -2.1% |
| Amounts payable after more than one year | 17 | €92,059 | €12,794 | -€79,265 | -86.1% |
| Financial debts | 170/4 | €92,059 | €12,794 | -€79,265 | -86.1% |
| Amounts payable within one year | 42/48 | €161,270 | €235,273 | +€74,003 | +45.9% |
| Current portion of amounts payable after more than one year | 42 | €10,236 | €10,236 | = | 0.0% |
| Trade debts | 44 | €363 | €638 | +€275 | +75.9% |
| Suppliers | 440/4 | €363 | €638 | +€275 | +75.9% |
| Taxes, remuneration and social security | 45 | €2,772 | - | -€2,772 | |
| Taxes | 450/3 | €2,772 | - | -€2,772 | |
| Other amounts payable | 47/48 | €147,899 | €224,399 | +€76,500 | +51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193 | €583 | +€390 | +202% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €18,600 | €2,551 | -€16,049 | -86.3% |
| Operating profit (loss) | 9901 | €17,902 | €1,448 | -€16,454 | -91.9% |
| Financial charges | 65/66B | €126 | €157 | +€31 | +24.7% |
| Recurring financial charges | 65 | €126 | €157 | +€31 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €17,776 | €1,290 | -€16,485 | -92.7% |
| Profit (loss) for the period | 9904 | €17,776 | €1,290 | -€16,485 | -92.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,776 | €1,290 | -€16,485 | -92.7% |
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 23 October 2026 via checked.be.