B.Q.M.C.: 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.
B.Q.M.C.
Largest movements
- Tangible fixed assets +€135,052
up €135,052 (+3,501%), from €3,857 to €138,909
of which Land and buildings: +€138,091
- Cash -€121,864
down €121,864 (-94.3%), from €129,270 to €7,406
mainly Investment in fixed assets (net) (-€160,369) and Other debts (-€83,251)
- Receivables within one year -€35,885
down €35,885 (-50.8%), from €70,652 to €34,767
of which Trade receivables: -€36,153
- Debts after one year +€90,899
new in 2025: €90,899
- Other debts -€83,251
down €83,251 (-97.8%), from €85,114 to €1,862
- Trade debts -€33,107
down €33,107 (-100%), from €33,107 to €0
- Profit (loss) carried forward -€9,119
new in 2025: -€9,119
- Tax, wage and social debts +€7,242
up €7,242 (+85.1%), from €8,507 to €15,749
- Gross operating margin -€78,081
down €78,081 (-79.8%), from €97,838 to €19,757
- Taxes -€21,399
no longer reported in 2025 (was €21,399)
- Depreciation +€20,100
up €20,100 (+385%), from €5,217 to €25,317
- Financial charges +€2,888
up €2,888 (+816%), from €354 to €3,242
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 | €203,779 | €181,083 | -€22,697 | -11.1% |
| Fixed assets | 21/28 | €3,857 | €138,909 | +€135,052 | +3,501% |
| Tangible fixed assets | 22/27 | €3,857 | €138,909 | +€135,052 | +3,501% |
| Land and buildings | 22 | - | €138,091 | +€138,091 | |
| Plant, machinery and equipment | 23 | €1,108 | €553 | -€555 | -50.1% |
| Furniture and vehicles | 24 | €2,749 | €265 | -€2,484 | -90.4% |
| Current assets | 29/58 | €199,922 | €42,173 | -€157,749 | -78.9% |
| Amounts receivable within one year | 40/41 | €70,652 | €34,767 | -€35,885 | -50.8% |
| Trade receivables | 40 | €70,652 | €34,500 | -€36,153 | -51.2% |
| Other amounts receivable | 41 | - | €267 | +€267 | |
| Cash at bank and in hand | 54/58 | €129,270 | €7,406 | -€121,864 | -94.3% |
| Total equity and liabilities | 10/49 | €203,779 | €181,083 | -€22,697 | -11.1% |
| Equity | 10/15 | €76,851 | €67,733 | -€9,119 | -11.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €72,851 | €72,851 | = | 0.0% |
| Distributable reserves | 133 | €72,851 | €72,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,119 | -€9,119 | |
| Amounts payable | 17/49 | €126,928 | €113,350 | -€13,578 | -10.7% |
| Amounts payable after more than one year | 17 | - | €90,899 | +€90,899 | |
| Financial debts | 170/4 | - | €90,899 | +€90,899 | |
| Amounts payable within one year | 42/48 | €126,728 | €22,451 | -€104,277 | -82.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,840 | +€4,840 | |
| Trade debts | 44 | €33,107 | €0 | -€33,107 | -100% |
| Suppliers | 440/4 | €33,107 | €0 | -€33,107 | -100% |
| Taxes, remuneration and social security | 45 | €8,507 | €15,749 | +€7,242 | +85.1% |
| Taxes | 450/3 | €8,507 | €15,749 | +€7,242 | +85.1% |
| Other amounts payable | 47/48 | €85,114 | €1,862 | -€83,251 | -97.8% |
| Accrued charges and deferred income | 492/3 | €200 | - | -€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,217 | €25,317 | +€20,100 | +385% |
| Other operating charges | 640/8 | €363 | €317 | -€46 | -12.7% |
| Gross operating margin | 9900 | €97,838 | €19,757 | -€78,081 | -79.8% |
| Operating profit (loss) | 9901 | €92,258 | -€5,877 | -€98,134 | |
| Financial charges | 65/66B | €354 | €3,242 | +€2,888 | +816% |
| Recurring financial charges | 65 | €354 | €3,242 | +€2,888 | +816% |
| Profit (loss) for the period before taxes | 9903 | €91,904 | -€9,119 | -€101,023 | |
| Income taxes | 67/77 | €21,399 | - | -€21,399 | |
| Profit (loss) for the period | 9904 | €70,505 | -€9,119 | -€79,624 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,505 | -€9,119 | -€79,624 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.