G-QUAM: 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.
G-QUAM
Largest movements
- Cash -€8,524
no longer reported in 2025 (was €8,524)
mainly Contributions, distributions and other (-€20,471) and Tax, wage and social debts (-€8,528)
- Receivables within one year -€8,170
down €8,170 (-24.4%), from €33,483 to €25,313
of which Trade receivables: -€28,347
- Reserves -€20,471
no longer reported in 2025 (was €20,471)
- Other debts +€13,564
up €13,564 (+196%), from €6,907 to €20,471
- Tax, wage and social debts -€8,528
down €8,528 (-70.5%), from €12,104 to €3,576
of which Taxes: -€5,830
- Trade debts -€3,490
down €3,490 (-75.1%), from €4,648 to €1,158
- Debts after one year +€1,711
up €1,711 (+1,031%), from €166 to €1,877
- Purchases and services +€51,378
new in 2025: €51,378
- Gross operating margin -€9,369
down €9,369 (-81.4%), from €11,507 to €2,138
- Taxes -€4,403
down €4,403 (-99.7%), from €4,416 to €13
- Other operating charges -€408
no longer reported in 2025 (was €408)
- Depreciation +€205
up €205 (+29.6%), from €692 to €897
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 | €44,396 | €27,547 | -€16,849 | -38.0% |
| Fixed assets | 21/28 | €2,389 | €2,234 | -€155 | -6.5% |
| Tangible fixed assets | 22/27 | €2,299 | €2,144 | -€155 | -6.7% |
| Furniture and vehicles | 24 | €1,281 | €1,274 | -€7 | -0.5% |
| Other tangible fixed assets | 26 | €1,018 | €870 | -€148 | -14.5% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €42,007 | €25,313 | -€16,694 | -39.7% |
| Amounts receivable within one year | 40/41 | €33,483 | €25,313 | -€8,170 | -24.4% |
| Trade receivables | 40 | €33,483 | €5,136 | -€28,347 | -84.7% |
| Other amounts receivable | 41 | - | €20,177 | +€20,177 | |
| Cash at bank and in hand | 54/58 | €8,524 | - | -€8,524 | |
| Total equity and liabilities | 10/49 | €44,396 | €27,547 | -€16,849 | -38.0% |
| Equity | 10/15 | €20,571 | €465 | -€20,106 | -97.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Contributions outside capital | 11 | €100 | €100 | = | 0.0% |
| Other | 1109/19 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €20,471 | - | -€20,471 | |
| Distributable reserves | 133 | €20,471 | - | -€20,471 | |
| Profit (loss) carried forward | 14 | €0 | €365 | +€365 | |
| Amounts payable | 17/49 | €23,825 | €27,082 | +€3,257 | +13.7% |
| Amounts payable after more than one year | 17 | €166 | €1,877 | +€1,711 | +1,031% |
| Financial debts | 170/4 | €166 | €1,877 | +€1,711 | +1,031% |
| Amounts payable within one year | 42/48 | €23,659 | €25,205 | +€1,546 | +6.5% |
| Trade debts | 44 | €4,648 | €1,158 | -€3,490 | -75.1% |
| Suppliers | 440/4 | €4,648 | €1,158 | -€3,490 | -75.1% |
| Taxes, remuneration and social security | 45 | €12,104 | €3,576 | -€8,528 | -70.5% |
| Taxes | 450/3 | €9,406 | €3,576 | -€5,830 | -62.0% |
| Remuneration and social security | 454/9 | €2,698 | - | -€2,698 | |
| Other amounts payable | 47/48 | €6,907 | €20,471 | +€13,564 | +196% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €51,378 | +€51,378 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €692 | €897 | +€205 | +29.6% |
| Other operating charges | 640/8 | €408 | - | -€408 | |
| Gross operating margin | 9900 | €11,507 | €2,138 | -€9,369 | -81.4% |
| Operating profit (loss) | 9901 | €10,407 | €1,241 | -€9,166 | -88.1% |
| Financial charges | 65/66B | €811 | €863 | +€52 | +6.4% |
| Recurring financial charges | 65 | €811 | €863 | +€52 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €9,596 | €378 | -€9,218 | -96.1% |
| Income taxes | 67/77 | €4,416 | €13 | -€4,403 | -99.7% |
| Profit (loss) for the period | 9904 | €5,180 | €365 | -€4,815 | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,180 | €365 | -€4,815 | -93.0% |
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 21 October 2026 via checked.be.