Quant ICT: 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.
What changed
Quant ICT
NACE 61.100, Wired, wireless and satellite telecommunications
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€24,948
2024 · -€44,794+€69,742
Equity
€654,164
2024 · €629,216+€24,948
Cash
€220,943
2024 · €215,829+€5,114
Balance sheet total
€3.8m
2024 · €3.6m+€230,934
Largest movements
Assets
- Receivables within one year +€222,480
up €222,480 (+10.8%), from €2.1m to €2.3m
of which Trade receivables: +€474,256
- Stocks and contracts +€80,219
up €80,219 (+15.3%), from €525,320 to €605,539
of which Contracts in progress: +€78,614
- Deferred charges and accrued income -€72,802
down €72,802 (-16.8%), from €432,650 to €359,848
Equity and liabilities
- Short-term financial debts +€200,000
new in 2025: €200,000
- Other debts -€200,000
down €200,000 (-50.0%), from €400,000 to €200,000
- Trade debts +€195,059
up €195,059 (+9.2%), from €2.1m to €2.3m
- Tax, wage and social debts +€139,170
up €139,170 (+138.2%), from €100,717 to €239,887
of which Taxes: +€130,804
- Debts after one year -€99,102
no longer reported in 2025 (was €99,102)
Income statement
- Gross operating margin +€172,616
up €172,616 (+7.9%), from €2.2m to €2.3m
- Staff costs +€121,764
up €121,764 (+5.9%), from €2.1m to €2.2m
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.
Result 2024
-€44,794
Gross operating margin
+€172,616
Staff costs
-€121,764
Depreciation
+€9,767
Other operating charges
+€5,280
Financial income
+€4,820
Financial charges
+€10,496
Taxes
-€11,474
Result 2025
€24,948
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.
From operations
+€99,263
Investment
-€103,259
Financing
+€9,110
Cash 2024
€215,829
From operations (derived)
+€99,263
Net result for the year
+€24,948
Depreciation
+€107,337
Stocks and contracts
-€80,219
Receivables within one year
-€222,480
Deferred charges and accrued income
+€72,802
Trade debts
+€195,059
Tax, wage and social debts
+€139,170
Other debts
-€200,000
Accrued charges and deferred income
+€62,647
Investment (derived)
-€103,259
Investment in fixed assets (net)
-€103,259
Financing
+€9,110
Debts after one year
-€99,102
Current portion of long-term debt
-€91,788
Short-term financial debts
+€200,000
Cash 2025
€220,943
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,594,200 | €3,825,134 | +€230,934 | +6.4% |
| Fixed assets | 21/28 | €355,881 | €351,803 | -€4,078 | -1.1% |
| Tangible fixed assets | 22/27 | €339,937 | €312,959 | -€26,978 | -7.9% |
| Plant, machinery and equipment | 23 | €198,801 | €181,161 | -€17,640 | -8.9% |
| Furniture and vehicles | 24 | €19,252 | €26,015 | +€6,762 | +35.1% |
| Other tangible fixed assets | 26 | €121,883 | €105,783 | -€16,100 | -13.2% |
| Financial fixed assets | 28 | €15,944 | €38,844 | +€22,900 | +143.6% |
| Current assets | 29/58 | €3,238,319 | €3,473,331 | +€235,012 | +7.3% |
| Stocks and contracts in progress | 3 | €525,320 | €605,539 | +€80,219 | +15.3% |
| Stocks | 30/36 | €367,287 | €368,892 | +€1,605 | +0.4% |
| Contracts in progress | 37 | €158,033 | €236,647 | +€78,614 | +49.7% |
| Amounts receivable within one year | 40/41 | €2,064,521 | €2,287,001 | +€222,480 | +10.8% |
| Trade receivables | 40 | €1,802,726 | €2,276,982 | +€474,256 | +26.3% |
| Other amounts receivable | 41 | €261,795 | €10,019 | -€251,776 | -96.2% |
| Cash at bank and in hand | 54/58 | €215,829 | €220,943 | +€5,114 | +2.4% |
| Deferred charges and accrued income | 490/1 | €432,650 | €359,848 | -€72,802 | -16.8% |
| Total equity and liabilities | 10/49 | €3,594,200 | €3,825,134 | +€230,934 | +6.4% |
| Equity | 10/15 | €629,216 | €654,164 | +€24,948 | +4.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €676,250 | €676,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€547,034 | -€522,086 | +€24,948 | +4.6% |
| Amounts payable | 17/49 | €2,964,984 | €3,170,969 | +€205,985 | +6.9% |
| Amounts payable after more than one year | 17 | €99,102 | - | -€99,102 | |
| Financial debts | 170/4 | €99,102 | - | -€99,102 | |
| Amounts payable within one year | 42/48 | €2,715,738 | €2,958,179 | +€242,441 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €100,464 | €8,676 | -€91,788 | -91.4% |
| Financial debts | 43 | - | €200,000 | +€200,000 | |
| Credit institutions | 430/8 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €2,114,558 | €2,309,616 | +€195,059 | +9.2% |
| Suppliers | 440/4 | €2,114,558 | €2,309,616 | +€195,059 | +9.2% |
| Taxes, remuneration and social security | 45 | €100,717 | €239,887 | +€139,170 | +138.2% |
| Taxes | 450/3 | - | €130,804 | +€130,804 | |
| Remuneration and social security | 454/9 | €100,717 | €109,083 | +€8,366 | +8.3% |
| Other amounts payable | 47/48 | €400,000 | €200,000 | -€200,000 | -50.0% |
| Accrued charges and deferred income | 492/3 | €150,143 | €212,790 | +€62,647 | +41.7% |
| Remuneration, social security and pensions | 62 | €2,069,997 | €2,191,761 | +€121,764 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,104 | €107,337 | -€9,767 | -8.3% |
| Other operating charges | 640/8 | €5,913 | €632 | -€5,280 | -89.3% |
| Gross operating margin | 9900 | €2,172,676 | €2,345,292 | +€172,616 | +7.9% |
| Operating profit (loss) | 9901 | -€20,338 | €45,562 | +€65,900 | |
| Financial income | 75/76B | €5,018 | €9,838 | +€4,820 | +96.1% |
| Recurring financial income | 75 | €5,018 | €9,838 | +€4,820 | +96.1% |
| Financial charges | 65/66B | €28,851 | €18,355 | -€10,496 | -36.4% |
| Recurring financial charges | 65 | €28,851 | €18,005 | -€10,846 | -37.6% |
| Non-recurring financial charges | 66B | - | €350 | +€350 | |
| Profit (loss) for the period before taxes | 9903 | -€44,171 | €37,046 | +€81,216 | |
| Income taxes | 67/77 | €623 | €12,097 | +€11,474 | +1840.6% |
| Profit (loss) for the period | 9904 | -€44,794 | €24,948 | +€69,742 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,794 | €24,948 | +€69,742 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.