AltQ: 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.
AltQ
Largest movements
- Cash +€96,696
up €96,696 (+163%), from €59,445 to €156,140
mainly Other debts (+€93,480) and Current investments (+€63,000)
- Current investments -€63,000
down €63,000 (-100%), from €63,000 to €0
- Deferred charges and accrued income +€31,094
up €31,094 (+956%), from €3,251 to €34,345
- Tangible fixed assets -€23,042
down €23,042 (-27.8%), from €82,856 to €59,814
of which Furniture and vehicles: -€21,202
- Other debts +€93,480
up €93,480 (+38,015%), from €246 to €93,726
- Reserves -€58,993
down €58,993 (-52.9%), from €111,615 to €52,622
- Tax, wage and social debts +€27,809
up €27,809 (+924%), from €3,011 to €30,820
- Current portion of long-term debt -€10,289
down €10,289 (-63.3%), from €16,254 to €5,965
- Debts after one year -€7,452
down €7,452 (-13.0%), from €57,452 to €50,000
of which Financial debts: -€7,452
- Gross operating margin +€63,373
up €63,373 (+239%), from €26,495 to €89,869
- Taxes +€11,187
up €11,187 (+315%), from €3,553 to €14,740
- Depreciation +€7,103
up €7,103 (+44.6%), from €15,939 to €23,042
- Financial income -€4,785
down €4,785 (-62.1%), from €7,699 to €2,914
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 | €223,951 | €266,677 | +€42,726 | +19.1% |
| Fixed assets | 21/28 | €82,856 | €59,814 | -€23,042 | -27.8% |
| Tangible fixed assets | 22/27 | €82,856 | €59,814 | -€23,042 | -27.8% |
| Furniture and vehicles | 24 | €79,449 | €58,247 | -€21,202 | -26.7% |
| Other tangible fixed assets | 26 | €3,407 | €1,567 | -€1,840 | -54.0% |
| Current assets | 29/58 | €141,095 | €206,863 | +€65,768 | +46.6% |
| Amounts receivable within one year | 40/41 | €15,400 | €16,377 | +€977 | +6.3% |
| Trade receivables | 40 | €7,286 | €15,621 | +€8,335 | +114% |
| Other amounts receivable | 41 | €8,114 | €756 | -€7,358 | -90.7% |
| Current investments | 50/53 | €63,000 | €0 | -€63,000 | -100% |
| Cash at bank and in hand | 54/58 | €59,445 | €156,140 | +€96,696 | +163% |
| Deferred charges and accrued income | 490/1 | €3,251 | €34,345 | +€31,094 | +956% |
| Total equity and liabilities | 10/49 | €223,951 | €266,677 | +€42,726 | +19.1% |
| Equity | 10/15 | €141,615 | €82,622 | -€58,993 | -41.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €111,615 | €52,622 | -€58,993 | -52.9% |
| Distributable reserves | 133 | €111,615 | €52,622 | -€58,993 | -52.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €82,336 | €184,054 | +€101,719 | +124% |
| Amounts payable after more than one year | 17 | €57,452 | €50,000 | -€7,452 | -13.0% |
| Financial debts | 170/4 | €7,452 | €0 | -€7,452 | -100% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,134 | €133,233 | +€109,100 | +452% |
| Current portion of amounts payable after more than one year | 42 | €16,254 | €5,965 | -€10,289 | -63.3% |
| Trade debts | 44 | €4,623 | €2,722 | -€1,901 | -41.1% |
| Suppliers | 440/4 | €4,623 | €2,722 | -€1,901 | -41.1% |
| Taxes, remuneration and social security | 45 | €3,011 | €30,820 | +€27,809 | +924% |
| Taxes | 450/3 | €3,011 | €30,820 | +€27,809 | +924% |
| Other amounts payable | 47/48 | €246 | €93,726 | +€93,480 | +38,015% |
| Accrued charges and deferred income | 492/3 | €750 | €821 | +€71 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,939 | €23,042 | +€7,103 | +44.6% |
| Other operating charges | 640/8 | €1,489 | €1,180 | -€309 | -20.7% |
| Gross operating margin | 9900 | €26,495 | €89,869 | +€63,373 | +239% |
| Operating profit (loss) | 9901 | €9,068 | €65,646 | +€56,578 | +624% |
| Financial income | 75/76B | €7,699 | €2,914 | -€4,785 | -62.1% |
| Recurring financial income | 75 | €7,699 | €2,914 | -€4,785 | -62.1% |
| Financial charges | 65/66B | €1,599 | €1,814 | +€215 | +13.4% |
| Recurring financial charges | 65 | €1,599 | €1,814 | +€215 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €15,168 | €66,747 | +€51,579 | +340% |
| Income taxes | 67/77 | €3,553 | €14,740 | +€11,187 | +315% |
| Profit (loss) for the period | 9904 | €11,615 | €52,007 | +€40,392 | +348% |
| Profit (loss) for the period to be appropriated | 9905 | €11,615 | €52,007 | +€40,392 | +348% |
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.