side-by-side configuration is incorrect

I am trying to run Qt (4.5.2) with static lib in debug version using
VC 8 (2005) on Windows.

It works fine on the very machine where it's made.
But it gives me error messages as below when I try it on other machines.

"The application has failed to start because the application configuration
is incorrect. Reinstalling the application may fix this problem"

or

"The application has failed to start because it's side-by-side configuration
is incorrect. Please see the application event log for more detail"

Could you tell me what the message means?

I searched and got similar threads
from the web and Qt forum. I tried several but with no success.

My code is the simplest one "Hello Qt" from the QT book.

fyi, here are the setup for VS2005.

C/C++:

/I "..\..\..\QT\4.5.2\include\QtCore" /I "..\..\..\QT\4.5.2\include\QtGui"
/I "..\..\..\QT\4.5.2\include" /I "." /I "..\..\..\QT\4.5.2\include\ActiveQt"
/I "debug" /I "..\..\..\QT\4.5.2\mkspecs\default" /D "_WINDOWS" /D "UNICODE"
/D "WIN32" /D "QT_LARGEFILE_SUPPORT" /D "QT_GUI_LIB" /D "QT_CORE_LIB"
/D "QT_THREAD_SUPPORT" /FD /EHsc /MTd /GS- /Zc:wchar_t- /Fo"debug\\" /Fd".
\\" /W3 /nologo /c /Zi /TP /errorReport:prompt

Linker:

/OUT:"debug\2dial.exe" /NOLOGO /LIBPATH:"c:\QT\4.5.2\lib"
/MANIFEST /MANIFESTFILE:"debug\\2dial.exe.intermediate.manife st"
/NODEFAULTLIB:"LIBCMTD.LIB" /DEBUG /MAP /SUBSYSTEM:WINDOWS
/ERRORREPORT:PROMPT
c:\QT\4.5.2\lib\qtmaind.lib c:\QT\4.5.2\lib\QtGuid.lib
c:\QT\4.5.2\lib\QtCored.lib gdi32.lib comdlg32.lib oleaut32.lib
imm32.lib winmm.lib winspool.lib ws2_32.lib ole32.lib user32.lib
advapi32.lib msimg32.lib shell32.lib kernel32.lib uuid.lib
kernel32.lib user32.lib gdi32.lib winspool.lib comdlg32.lib
advapi32.lib shell32.lib ole32.lib oleaut32.lib uuid.lib
odbc32.lib odbccp32.lib