tQw Labs: 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.
tQw Labs
Largest movements
- Cash -€5,700
down €5,700 (-65.4%), from €8,719 to €3,019
mainly Net result for the year (-€6,406)
- Tangible fixed assets -€582
down €582 (-100%), from €582 to €0
- Deferred charges and accrued income -€103
down €103 (-100%), from €103 to €0
- Profit (loss) carried forward -€5,524
down €5,524, from €1,043 to -€4,481
- Reserves -€882
down €882 (-100%), from €882 to €0
- Gross operating margin +€3,600
up €3,600 (+41.8%), from -€8,604 to -€5,004
- Depreciation -€609
down €609 (-100%), from €609 to €0
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 | €9,425 | €3,019 | -€6,406 | -68.0% |
| Fixed assets | 21/28 | €582 | €0 | -€582 | -100% |
| Tangible fixed assets | 22/27 | €582 | €0 | -€582 | -100% |
| Furniture and vehicles | 24 | €582 | €0 | -€582 | -100% |
| Current assets | 29/58 | €8,843 | €3,019 | -€5,824 | -65.9% |
| Amounts receivable within one year | 40/41 | €20 | €0 | -€20 | -100% |
| Other amounts receivable | 41 | €20 | €0 | -€20 | -100% |
| Cash at bank and in hand | 54/58 | €8,719 | €3,019 | -€5,700 | -65.4% |
| Deferred charges and accrued income | 490/1 | €103 | €0 | -€103 | -100% |
| Total equity and liabilities | 10/49 | €9,425 | €3,019 | -€6,406 | -68.0% |
| Equity | 10/15 | €9,425 | €3,019 | -€6,406 | -68.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €882 | €0 | -€882 | -100% |
| Distributable reserves | 133 | €882 | €0 | -€882 | -100% |
| Profit (loss) carried forward | 14 | €1,043 | -€4,481 | -€5,524 | |
| Amounts payable | 17/49 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €609 | €0 | -€609 | -100% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Non-recurring operating charges | 66A | - | €582 | +€582 | |
| Gross operating margin | 9900 | -€8,604 | -€5,004 | +€3,600 | +41.8% |
| Operating profit (loss) | 9901 | -€9,782 | -€6,172 | +€3,610 | +36.9% |
| Financial charges | 65/66B | €282 | €235 | -€48 | -16.9% |
| Recurring financial charges | 65 | €282 | €235 | -€48 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,064 | -€6,406 | +€3,658 | +36.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€10,064 | -€6,406 | +€3,658 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,064 | -€6,406 | +€3,658 | +36.3% |
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 27 October 2026 via checked.be.