QUTI: 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.
QUTI
Largest movements
- Cash -€18,626
down €18,626 (-74.7%), from €24,931 to €6,305
mainly Trade debts (-€28,432) and Investment in fixed assets (net) (-€19,246)
- Tangible fixed assets +€14,922
up €14,922 (+737%), from €2,026 to €16,947
of which Leasing and similar rights: +€15,232
- Deferred charges and accrued income -€2,555
down €2,555 (-40.5%), from €6,302 to €3,747
- Intangible fixed assets -€1,542
down €1,542 (-25.0%), from €6,168 to €4,626
- Trade debts -€28,432
down €28,432 (-98.2%), from €28,961 to €529
- Debts after one year +€10,841
new in 2025: €10,841
- Tax, wage and social debts +€9,276
up €9,276 (+84.2%), from €11,016 to €20,292
of which Remuneration and social security: +€4,966
- Current portion of long-term debt +€4,259
new in 2025: €4,259
- Reserves -€3,881
down €3,881 (-31.7%), from €12,245 to €8,364
- Gross operating margin +€5,082
up €5,082 (+6.4%), from €79,588 to €84,670
- Staff costs +€4,435
up €4,435 (+5.8%), from €76,770 to €81,205
- Depreciation +€1,939
up €1,939 (+49.4%), from €3,927 to €5,866
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 | €58,422 | €50,485 | -€7,937 | -13.6% |
| Fixed assets | 21/28 | €8,194 | €21,573 | +€13,380 | +163% |
| Intangible fixed assets | 21 | €6,168 | €4,626 | -€1,542 | -25.0% |
| Tangible fixed assets | 22/27 | €2,026 | €16,947 | +€14,922 | +737% |
| Furniture and vehicles | 24 | €2,026 | €831 | -€1,195 | -59.0% |
| Leasing and similar rights | 25 | - | €15,232 | +€15,232 | |
| Other tangible fixed assets | 26 | - | €884 | +€884 | |
| Current assets | 29/58 | €50,228 | €28,911 | -€21,317 | -42.4% |
| Amounts receivable within one year | 40/41 | €18,995 | €18,859 | -€136 | -0.7% |
| Trade receivables | 40 | €16,817 | €16,775 | -€42 | -0.2% |
| Other amounts receivable | 41 | €2,179 | €2,084 | -€94 | -4.3% |
| Cash at bank and in hand | 54/58 | €24,931 | €6,305 | -€18,626 | -74.7% |
| Deferred charges and accrued income | 490/1 | €6,302 | €3,747 | -€2,555 | -40.5% |
| Total equity and liabilities | 10/49 | €58,422 | €50,485 | -€7,937 | -13.6% |
| Equity | 10/15 | €18,445 | €14,564 | -€3,881 | -21.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,245 | €8,364 | -€3,881 | -31.7% |
| Distributable reserves | 133 | €12,245 | €8,364 | -€3,881 | -31.7% |
| Amounts payable | 17/49 | €39,977 | €35,921 | -€4,056 | -10.1% |
| Amounts payable after more than one year | 17 | - | €10,841 | +€10,841 | |
| Financial debts | 170/4 | - | €10,841 | +€10,841 | |
| Amounts payable within one year | 42/48 | €39,977 | €25,080 | -€14,897 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,259 | +€4,259 | |
| Trade debts | 44 | €28,961 | €529 | -€28,432 | -98.2% |
| Suppliers | 440/4 | €28,961 | €529 | -€28,432 | -98.2% |
| Taxes, remuneration and social security | 45 | €11,016 | €20,292 | +€9,276 | +84.2% |
| Taxes | 450/3 | €2,490 | €6,800 | +€4,310 | +173% |
| Remuneration and social security | 454/9 | €8,526 | €13,492 | +€4,966 | +58.2% |
| Remuneration, social security and pensions | 62 | €76,770 | €81,205 | +€4,435 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,927 | €5,866 | +€1,939 | +49.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€214 | -€214 | |
| Other operating charges | 640/8 | €618 | €1,031 | +€413 | +66.7% |
| Gross operating margin | 9900 | €79,588 | €84,670 | +€5,082 | +6.4% |
| Operating profit (loss) | 9901 | -€1,728 | -€3,218 | -€1,489 | -86.2% |
| Financial income | 75/76B | €7 | €40 | +€33 | +474% |
| Recurring financial income | 75 | €7 | €40 | +€33 | +474% |
| Financial charges | 65/66B | €529 | €620 | +€91 | +17.1% |
| Recurring financial charges | 65 | €529 | €620 | +€91 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,251 | -€3,798 | -€1,547 | -68.7% |
| Income taxes | 67/77 | - | €84 | +€84 | |
| Profit (loss) for the period | 9904 | -€2,251 | -€3,881 | -€1,631 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,251 | -€3,881 | -€1,631 | -72.5% |
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 25 October 2026 via checked.be.