QWOOD: what changed
What changed
QWOOD
NACE 95.100, Repair and maintenance of computers and communication equipment
filed annual accounts (NBB)
Net result for the year
€38,700
2024 · -€34,438+€73,138
Equity
€52,497
2024 · €13,797+€38,700
Cash
€9,330
2024 · €10,717-€1,387
Balance sheet total
€1.0m
2024 · €1.1m-€30,125
Largest movements
Assets
- Receivables within one year -€38,219
down €38,219 (-47.4%), from €80,631 to €42,412
of which Trade receivables: -€42,346
Equity and liabilities
- Debts after one year -€64,831
down €64,831 (-7.6%), from €850,720 to €785,889
of which Financial debts: -€84,831
- Reserves +€32,000
up €32,000 (+1,720%), from €1,860 to €33,860
of which Distributable reserves: +€32,000
Income statement
- Gross operating margin +€52,785
up €52,785 (+48.3%), from €109,387 to €162,172
- Staff costs -€46,337
down €46,337 (-74.3%), from €62,381 to €16,044
- Depreciation +€18,006
up €18,006 (+43.9%), from €41,051 to €59,057
- Financial charges +€12,313
up €12,313 (+72.3%), from €17,031 to €29,344
- Write-downs -€8,068
no longer reported in 2025 (was €8,068)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€34,438
Gross operating margin
+€52,785
Staff costs
+€46,337
Depreciation
-€18,006
Write-downs
+€8,068
Other operating charges
+€110
Financial income
-€955
Financial charges
-€12,313
Taxes
-€2,888
Result 2025
€38,700
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€128,982
Investment
-€68,566
Financing
-€61,803
Cash 2024
€10,717
From operations (derived)
+€128,982
Net result for the year
+€38,700
Depreciation
+€59,057
Stocks and contracts
+€6,900
Receivables within one year
+€38,219
Deferred charges and accrued income
-€6,872
Trade debts
-€2,281
Tax, wage and social debts
-€7,215
Accrued charges and deferred income
+€2,474
Investment (derived)
-€68,566
Investment in fixed assets (net)
-€68,566
Financing
-€61,803
Debts after one year
-€64,831
Current portion of long-term debt
+€2,583
Short-term financial debts
+€445
Cash 2025
€9,330
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,051,117 | €1,020,992 | -€30,125 | -2.9% |
| Fixed assets | 21/28 | €930,541 | €940,050 | +€9,509 | +1.0% |
| Tangible fixed assets | 22/27 | €930,466 | €939,975 | +€9,509 | +1.0% |
| Land and buildings | 22 | €834,501 | €801,230 | -€33,271 | -4.0% |
| Plant, machinery and equipment | 23 | €27,859 | €17,438 | -€10,421 | -37.4% |
| Furniture and vehicles | 24 | €1,846 | €791 | -€1,055 | -57.2% |
| Other tangible fixed assets | 26 | €66,260 | €120,516 | +€54,256 | +81.9% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €120,576 | €80,942 | -€39,634 | -32.9% |
| Stocks and contracts in progress | 3 | €22,150 | €15,250 | -€6,900 | -31.2% |
| Stocks | 30/36 | €22,150 | €15,250 | -€6,900 | -31.2% |
| Amounts receivable within one year | 40/41 | €80,631 | €42,412 | -€38,219 | -47.4% |
| Trade receivables | 40 | €74,190 | €31,844 | -€42,346 | -57.1% |
| Other amounts receivable | 41 | €6,441 | €10,568 | +€4,127 | +64.1% |
| Cash at bank and in hand | 54/58 | €10,717 | €9,330 | -€1,387 | -12.9% |
| Deferred charges and accrued income | 490/1 | €7,078 | €13,950 | +€6,872 | +97.1% |
| Total equity and liabilities | 10/49 | €1,051,117 | €1,020,992 | -€30,125 | -2.9% |
| Equity | 10/15 | €13,797 | €52,497 | +€38,700 | +280% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €33,860 | +€32,000 | +1,720% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €32,000 | +€32,000 | |
| Profit (loss) carried forward | 14 | -€6,663 | €37 | +€6,700 | |
| Amounts payable | 17/49 | €1,037,320 | €968,495 | -€68,825 | -6.6% |
| Amounts payable after more than one year | 17 | €850,720 | €785,889 | -€64,831 | -7.6% |
| Financial debts | 170/4 | €850,720 | €765,889 | -€84,831 | -10.0% |
| Other amounts payable | 178/9 | - | €20,000 | +€20,000 | |
| Amounts payable within one year | 42/48 | €186,600 | €180,132 | -€6,468 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €82,799 | €85,382 | +€2,583 | +3.1% |
| Financial debts | 43 | €24,550 | €24,995 | +€445 | +1.8% |
| Credit institutions | 430/8 | €24,550 | €24,995 | +€445 | +1.8% |
| Trade debts | 44 | €57,689 | €55,408 | -€2,281 | -4.0% |
| Suppliers | 440/4 | €57,689 | €55,408 | -€2,281 | -4.0% |
| Taxes, remuneration and social security | 45 | €21,562 | €14,347 | -€7,215 | -33.5% |
| Taxes | 450/3 | €2,612 | €9,935 | +€7,323 | +280% |
| Remuneration and social security | 454/9 | €18,950 | €4,412 | -€14,538 | -76.7% |
| Accrued charges and deferred income | 492/3 | - | €2,474 | +€2,474 | |
| Non-recurring operating income | 76A | €7,000 | - | -€7,000 | |
| Remuneration, social security and pensions | 62 | €62,381 | €16,044 | -€46,337 | -74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,051 | €59,057 | +€18,006 | +43.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,068 | - | -€8,068 | |
| Other operating charges | 640/8 | €16,047 | €15,937 | -€110 | -0.7% |
| Gross operating margin | 9900 | €109,387 | €162,172 | +€52,785 | +48.3% |
| Operating profit (loss) | 9901 | -€18,160 | €71,134 | +€89,294 | |
| Financial income | 75/76B | €958 | €3 | -€955 | -99.7% |
| Recurring financial income | 75 | €958 | €3 | -€955 | -99.7% |
| Financial charges | 65/66B | €17,031 | €29,344 | +€12,313 | +72.3% |
| Recurring financial charges | 65 | €17,031 | €29,344 | +€12,313 | +72.3% |
| Profit (loss) for the period before taxes | 9903 | -€34,233 | €41,793 | +€76,026 | |
| Income taxes | 67/77 | €205 | €3,093 | +€2,888 | +1,409% |
| Profit (loss) for the period | 9904 | -€34,438 | €38,700 | +€73,138 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,438 | €38,700 | +€73,138 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.