QUICKTAP BELGIUM: 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.
QUICKTAP BELGIUM
Largest movements
- Tangible fixed assets -€48,639
down €48,639 (-24.7%), from €196,544 to €147,905
of which Plant, machinery and equipment: -€44,011
- Cash -€44,649
down €44,649 (-90.2%), from €49,525 to €4,877
mainly Net result for the year (-€44,846) and Current portion of long-term debt (-€39,079)
- Profit (loss) carried forward -€44,846
new in 2025: -€44,846
- Current portion of long-term debt -€39,079
down €39,079 (-57.5%), from €67,973 to €28,894
- Debts after one year -€10,829
down €10,829 (-19.0%), from €57,091 to €46,263
- Tax, wage and social debts +€4,259
up €4,259 (+103.8%), from €4,102 to €8,361
of which Taxes: +€3,115
- Gross operating margin -€69,317
down €69,317 (-59.0%), from €117,556 to €48,239
- Staff costs -€17,747
down €17,747 (-83.0%), from €21,377 to €3,630
- Depreciation +€8,784
up €8,784 (+11.9%), from €73,970 to €82,754
- Taxes -€4,452
no longer reported in 2025 (was €4,452)
- Financial charges -€1,701
down €1,701 (-24.7%), from €6,897 to €5,196
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 | €277,757 | €186,983 | -€90,774 | -32.7% |
| Fixed assets | 21/28 | €200,082 | €151,443 | -€48,639 | -24.3% |
| Tangible fixed assets | 22/27 | €196,544 | €147,905 | -€48,639 | -24.7% |
| Plant, machinery and equipment | 23 | €177,639 | €133,628 | -€44,011 | -24.8% |
| Furniture and vehicles | 24 | €18,904 | €14,276 | -€4,628 | -24.5% |
| Financial fixed assets | 28 | €3,539 | €3,539 | = | 0.0% |
| Current assets | 29/58 | €77,675 | €35,539 | -€42,135 | -54.2% |
| Amounts receivable after more than one year | 29 | €9,112 | €9,112 | = | 0.0% |
| Other amounts receivable | 291 | €9,112 | €9,112 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,838 | €21,368 | +€2,530 | +13.4% |
| Trade receivables | 40 | €18,647 | €19,112 | +€464 | +2.5% |
| Other amounts receivable | 41 | €191 | €2,256 | +€2,065 | +1082.5% |
| Cash at bank and in hand | 54/58 | €49,525 | €4,877 | -€44,649 | -90.2% |
| Deferred charges and accrued income | 490/1 | €199 | €183 | -€16 | -8.2% |
| Total equity and liabilities | 10/49 | €277,757 | €186,983 | -€90,774 | -32.7% |
| Equity | 10/15 | €138,454 | €93,609 | -€44,846 | -32.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | - | -€15,000 | |
| Issued capital | 100 | €15,000 | - | -€15,000 | |
| Reserves | 13 | €123,454 | €123,454 | = | 0.0% |
| Distributable reserves | 133 | €123,454 | €123,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€44,846 | -€44,846 | |
| Amounts payable | 17/49 | €139,302 | €93,374 | -€45,929 | -33.0% |
| Amounts payable after more than one year | 17 | €57,091 | €46,263 | -€10,829 | -19.0% |
| Financial debts | 170/4 | €57,091 | €46,263 | -€10,829 | -19.0% |
| Amounts payable within one year | 42/48 | €81,811 | €46,711 | -€35,100 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €67,973 | €28,894 | -€39,079 | -57.5% |
| Trade debts | 44 | €9,736 | €9,456 | -€280 | -2.9% |
| Suppliers | 440/4 | €9,736 | €9,456 | -€280 | -2.9% |
| Taxes, remuneration and social security | 45 | €4,102 | €8,361 | +€4,259 | +103.8% |
| Taxes | 450/3 | €2,122 | €5,237 | +€3,115 | +146.8% |
| Remuneration and social security | 454/9 | €1,981 | €3,124 | +€1,143 | +57.7% |
| Accrued charges and deferred income | 492/3 | €400 | €400 | +€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €21,377 | €3,630 | -€17,747 | -83.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,970 | €82,754 | +€8,784 | +11.9% |
| Other operating charges | 640/8 | €855 | €1,907 | +€1,052 | +123.1% |
| Gross operating margin | 9900 | €117,556 | €48,239 | -€69,317 | -59.0% |
| Operating profit (loss) | 9901 | €21,355 | -€40,052 | -€61,406 | |
| Financial income | 75/76B | €319 | €402 | +€84 | +26.2% |
| Recurring financial income | 75 | €319 | €402 | +€84 | +26.2% |
| Financial charges | 65/66B | €6,897 | €5,196 | -€1,701 | -24.7% |
| Recurring financial charges | 65 | €6,897 | €5,196 | -€1,701 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €14,776 | -€44,846 | -€59,622 | |
| Income taxes | 67/77 | €4,452 | - | -€4,452 | |
| Profit (loss) for the period | 9904 | €10,324 | -€44,846 | -€55,170 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,324 | -€44,846 | -€55,170 |
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 6 October 2026 via checked.be.