aQMEN: what changed
Two fiscal 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.
aQMEN
Largest movements
- Cash +€34,017
up €34,017 (+34.8%), from €97,835 to €131,853
mainly Net result for the year (+€54,295) and Deferred charges and accrued income (+€818)
- Receivables within one year +€5,333
up €5,333 (+53.3%), from €10,006 to €15,339
of which Trade receivables: +€6,221
- Reserves +€54,295
up €54,295 (+64.9%), from €83,697 to €137,993
- Tax, wage and social debts -€8,866
down €8,866 (-52.1%), from €17,029 to €8,163
- Trade debts -€7,349
down €7,349 (-92.7%), from €7,927 to €578
- Depreciation -€1,827
down €1,827 (-80.1%), from €2,279 to €453
- Gross operating margin -€1,257
down €1,257 (-1.7%), from €75,428 to €74,172
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.
Cash bridge derived
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 | €110,654 | €148,734 | +€38,080 | +34.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,995 | €1,542 | -€453 | -22.7% |
| Tangible fixed assets | 22/27 | €1,995 | €1,542 | -€453 | -22.7% |
| Other tangible fixed assets | 26 | €1,995 | €1,542 | -€453 | -22.7% |
| Current assets | 29/58 | €108,659 | €147,192 | +€38,533 | +35.5% |
| Amounts receivable within one year | 40/41 | €10,006 | €15,339 | +€5,333 | +53.3% |
| Trade receivables | 40 | €7,553 | €13,774 | +€6,221 | +82.4% |
| Other amounts receivable | 41 | €2,453 | €1,564 | -€888 | -36.2% |
| Cash at bank and in hand | 54/58 | €97,835 | €131,853 | +€34,017 | +34.8% |
| Deferred charges and accrued income | 490/1 | €818 | €0 | -€818 | -100.0% |
| Total equity and liabilities | 10/49 | €110,654 | €148,734 | +€38,080 | +34.4% |
| Equity | 10/15 | €85,697 | €139,993 | +€54,295 | +63.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €83,697 | €137,993 | +€54,295 | +64.9% |
| Distributable reserves | 133 | €83,697 | €137,993 | +€54,295 | +64.9% |
| Amounts payable | 17/49 | €24,956 | €8,741 | -€16,215 | -65.0% |
| Amounts payable within one year | 42/48 | €24,956 | €8,741 | -€16,215 | -65.0% |
| Trade debts | 44 | €7,927 | €578 | -€7,349 | -92.7% |
| Suppliers | 440/4 | €7,927 | €578 | -€7,349 | -92.7% |
| Taxes, remuneration and social security | 45 | €17,029 | €8,163 | -€8,866 | -52.1% |
| Taxes | 450/3 | €17,029 | €8,163 | -€8,866 | -52.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,279 | €453 | -€1,827 | -80.1% |
| Other operating charges | 640/8 | €118 | €532 | +€414 | +350.5% |
| Gross operating margin | 9900 | €75,428 | €74,172 | -€1,257 | -1.7% |
| Operating profit (loss) | 9901 | €73,031 | €73,187 | +€157 | +0.2% |
| Financial income | 75/76B | €107 | €101 | -€6 | -5.6% |
| Recurring financial income | 75 | €107 | €101 | -€6 | -5.6% |
| Financial charges | 65/66B | €3,837 | €4,487 | +€650 | +16.9% |
| Recurring financial charges | 65 | €3,837 | €4,487 | +€650 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €69,301 | €68,802 | -€499 | -0.7% |
| Income taxes | 67/77 | €14,629 | €14,506 | -€123 | -0.8% |
| Profit (loss) for the period | 9904 | €54,672 | €54,295 | -€377 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,672 | €54,295 | -€377 | -0.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.