FQMS: 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.
What changed
FQMS
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€87,786
2024 · €115,921-€28,136
Equity
€394,142
2024 · €306,357+€87,786
Cash
€126,826
2024 · €117,868+€8,959
Balance sheet total
€1.5m
2024 · €1.5m-€3,547
Largest movements
Assets
- Tangible fixed assets -€52,028
down €52,028 (-5.1%), from €1.0m to €961,397
of which Land and buildings: -€47,935
- Current investments +€20,000
up €20,000 (+10.0%), from €200,000 to €220,000
Equity and liabilities
- Debts after one year -€95,241
down €95,241 (-11.1%), from €857,817 to €762,576
- Profit (loss) carried forward +€87,786
up €87,786 (+280%), from €31,357 to €119,142
- Trade debts -€22,018
down €22,018 (-9.1%), from €240,639 to €218,621
Income statement
- Taxes +€23,748
up €23,748 (+4,465%), from €532 to €24,279
- Gross operating margin -€16,363
down €16,363 (-4.0%), from €408,843 to €392,480
- Staff costs -€10,067
down €10,067 (-5.5%), from €182,940 to €172,873
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.
Result 2024
€115,921
Gross operating margin
-€16,363
Staff costs
+€10,067
Depreciation
-€2,963
Other operating charges
-€742
Financial income
+€3,661
Financial charges
+€1,952
Taxes
-€23,748
Result 2025
€87,786
raises the resultlowers the result
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.
From operations
+€149,570
Investment
-€58,293
Financing
-€82,318
Cash 2024
€117,868
From operations (derived)
+€149,570
Net result for the year
+€87,786
Depreciation
+€91,715
Stocks and contracts
-€11,589
Receivables within one year
-€9,476
Deferred charges and accrued income
+€150
Trade debts
-€22,018
Tax, wage and social debts
+€11,768
Accrued charges and deferred income
+€1,236
Investment (derived)
-€58,293
Investment in fixed assets (net)
-€38,293
Current investments
-€20,000
Financing
-€82,318
Debts after one year
-€95,241
Current portion of long-term debt
+€12,923
Cash 2025
€126,826
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,533,169 | €1,529,622 | -€3,547 | -0.2% |
| Formation expenses | 20 | €3,484 | €2,575 | -€910 | -26.1% |
| Fixed assets | 21/28 | €1,017,223 | €964,711 | -€52,512 | -5.2% |
| Intangible fixed assets | 21 | €887 | €403 | -€484 | -54.6% |
| Tangible fixed assets | 22/27 | €1,013,424 | €961,397 | -€52,028 | -5.1% |
| Land and buildings | 22 | €808,976 | €761,040 | -€47,935 | -5.9% |
| Plant, machinery and equipment | 23 | €194,085 | €189,794 | -€4,291 | -2.2% |
| Furniture and vehicles | 24 | €10,363 | €10,562 | +€199 | +1.9% |
| Financial fixed assets | 28 | €2,912 | €2,912 | = | 0.0% |
| Current assets | 29/58 | €512,462 | €562,336 | +€49,874 | +9.7% |
| Stocks and contracts in progress | 3 | €170,994 | €182,584 | +€11,589 | +6.8% |
| Stocks | 30/36 | €170,994 | €182,584 | +€11,589 | +6.8% |
| Amounts receivable within one year | 40/41 | €23,084 | €32,561 | +€9,476 | +41.1% |
| Trade receivables | 40 | €19,697 | €31,303 | +€11,607 | +58.9% |
| Other amounts receivable | 41 | €3,387 | €1,257 | -€2,130 | -62.9% |
| Current investments | 50/53 | €200,000 | €220,000 | +€20,000 | +10.0% |
| Cash at bank and in hand | 54/58 | €117,868 | €126,826 | +€8,959 | +7.6% |
| Deferred charges and accrued income | 490/1 | €516 | €366 | -€150 | -29.0% |
| Total equity and liabilities | 10/49 | €1,533,169 | €1,529,622 | -€3,547 | -0.2% |
| Equity | 10/15 | €306,357 | €394,142 | +€87,786 | +28.7% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,357 | €119,142 | +€87,786 | +280% |
| Amounts payable | 17/49 | €1,226,812 | €1,135,480 | -€91,333 | -7.4% |
| Amounts payable after more than one year | 17 | €857,817 | €762,576 | -€95,241 | -11.1% |
| Financial debts | 170/4 | €857,817 | €762,576 | -€95,241 | -11.1% |
| Amounts payable within one year | 42/48 | €368,995 | €371,668 | +€2,673 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €94,382 | €107,306 | +€12,923 | +13.7% |
| Trade debts | 44 | €240,639 | €218,621 | -€22,018 | -9.1% |
| Suppliers | 440/4 | €240,639 | €218,621 | -€22,018 | -9.1% |
| Taxes, remuneration and social security | 45 | €33,974 | €45,742 | +€11,768 | +34.6% |
| Taxes | 450/3 | €1,757 | €23,497 | +€21,740 | +1,238% |
| Remuneration and social security | 454/9 | €32,217 | €22,245 | -€9,972 | -31.0% |
| Accrued charges and deferred income | 492/3 | - | €1,236 | +€1,236 | |
| Remuneration, social security and pensions | 62 | €182,940 | €172,873 | -€10,067 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,752 | €91,715 | +€2,963 | +3.3% |
| Other operating charges | 640/8 | €6,609 | €7,351 | +€742 | +11.2% |
| Gross operating margin | 9900 | €408,843 | €392,480 | -€16,363 | -4.0% |
| Operating profit (loss) | 9901 | €130,543 | €120,542 | -€10,001 | -7.7% |
| Financial income | 75/76B | €1,784 | €5,445 | +€3,661 | +205% |
| Recurring financial income | 75 | €1,784 | €5,445 | +€3,661 | +205% |
| Financial charges | 65/66B | €15,874 | €13,922 | -€1,952 | -12.3% |
| Recurring financial charges | 65 | €15,874 | €13,922 | -€1,952 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €116,453 | €112,065 | -€4,388 | -3.8% |
| Income taxes | 67/77 | €532 | €24,279 | +€23,748 | +4,465% |
| Profit (loss) for the period | 9904 | €115,921 | €87,786 | -€28,136 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €115,921 | €87,786 | -€28,136 | -24.3% |
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 14 October 2026 via checked.be.