IMMO - QUINQUIN: what changed
What changed
IMMO - QUINQUIN
filed annual accounts (NBB)
Net result for the year
-€10,105
2024 · €62,137-€72,242
Equity
€178,474
2024 · €288,579-€110,105
Cash
€82,068
2024 · €105,197-€23,129
Balance sheet total
€233,926
2024 · €313,157-€79,232
Largest movements
Assets
- Receivables within one year -€56,374
no longer reported in 2025 (was €56,374)
- Cash -€23,129
down €23,129 (-22.0%), from €105,197 to €82,068
mainly Contributions, distributions and other (-€100,000) and Net result for the year (-€10,105)
Equity and liabilities
- Contributions -€100,000
down €100,000 (-36.0%), from €277,641 to €177,641
- Other debts +€36,885
up €36,885 (+600%), from €6,150 to €43,035
- Profit (loss) carried forward -€6,205
down €6,205 (-8.6%), from -€72,262 to -€78,467
- Reserves -€3,900
down €3,900 (-4.7%), from €83,200 to €79,300
- Debts after one year -€3,891
down €3,891 (-35.6%), from €10,935 to €7,044
Income statement
- Gross operating margin -€102,767
down €102,767 (-98.0%), from €104,912 to €2,145
- Purchases and services -€27,658
down €27,658 (-56.6%), from €48,880 to €21,222
- Taxes -€25,833
down €25,833, from €24,917 to -€916
- Depreciation -€3,184
down €3,184 (-27.2%), from €11,711 to €8,528
- Financial income +€1,097
new in 2025: €1,097
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€62,137
Gross operating margin
-€102,767
Depreciation
+€3,184
Other operating charges
-€1,029
Other operating items
+€1,490
Financial income
+€1,097
Financial charges
-€50
Taxes
+€25,833
Result 2025
-€10,105
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€89,466
Investment
-€8,799
Financing
-€103,796
Cash 2024
€105,197
From operations (derived)
+€89,466
Net result for the year
-€10,105
Depreciation
+€8,528
Receivables within one year
+€56,374
Trade debts
-€2,251
Other debts
+€36,885
Accrued charges and deferred income
+€36
Investment (derived)
-€8,799
Investment in fixed assets (net)
-€8,799
Financing
-€103,796
Debts after one year
-€3,891
Current portion of long-term debt
+€95
Contributions, distributions and other
-€100,000
Cash 2025
€82,068
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €313,157 | €233,926 | -€79,232 | -25.3% |
| Fixed assets | 21/28 | €151,587 | €151,858 | +€271 | +0.2% |
| Tangible fixed assets | 22/27 | €151,587 | €151,858 | +€271 | +0.2% |
| Land and buildings | 22 | €128,897 | €124,408 | -€4,489 | -3.5% |
| Plant, machinery and equipment | 23 | €6,159 | €5,245 | -€914 | -14.8% |
| Furniture and vehicles | 24 | €407 | €267 | -€140 | -34.3% |
| Other tangible fixed assets | 26 | €16,124 | €21,938 | +€5,814 | +36.1% |
| Current assets | 29/58 | €161,571 | €82,068 | -€79,503 | -49.2% |
| Amounts receivable within one year | 40/41 | €56,374 | - | -€56,374 | |
| Other amounts receivable | 41 | €56,374 | - | -€56,374 | |
| Cash at bank and in hand | 54/58 | €105,197 | €82,068 | -€23,129 | -22.0% |
| Total equity and liabilities | 10/49 | €313,157 | €233,926 | -€79,232 | -25.3% |
| Equity | 10/15 | €288,579 | €178,474 | -€110,105 | -38.2% |
| Contributions | 10/11 | €277,641 | €177,641 | -€100,000 | -36.0% |
| Capital | 10 | €277,641 | €177,641 | -€100,000 | -36.0% |
| Issued capital | 100 | €277,641 | €177,641 | -€100,000 | -36.0% |
| Reserves | 13 | €83,200 | €79,300 | -€3,900 | -4.7% |
| Tax-exempt reserves | 132 | €83,200 | €79,300 | -€3,900 | -4.7% |
| Profit (loss) carried forward | 14 | -€72,262 | -€78,467 | -€6,205 | -8.6% |
| Amounts payable | 17/49 | €24,579 | €55,452 | +€30,873 | +126% |
| Amounts payable after more than one year | 17 | €10,935 | €7,044 | -€3,891 | -35.6% |
| Financial debts | 170/4 | €10,935 | €7,044 | -€3,891 | -35.6% |
| Amounts payable within one year | 42/48 | €12,197 | €46,926 | +€34,729 | +285% |
| Current portion of amounts payable after more than one year | 42 | €3,796 | €3,891 | +€95 | +2.5% |
| Trade debts | 44 | €2,251 | - | -€2,251 | |
| Suppliers | 440/4 | €2,251 | - | -€2,251 | |
| Other amounts payable | 47/48 | €6,150 | €43,035 | +€36,885 | +600% |
| Accrued charges and deferred income | 492/3 | €1,446 | €1,482 | +€36 | +2.5% |
| Turnover | 70 | €22,012 | €21,410 | -€602 | -2.7% |
| Non-recurring operating income | 76A | €118,502 | - | -€118,502 | |
| Goods, raw materials, services and sundry goods | 60/61 | €48,880 | €21,222 | -€27,658 | -56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,711 | €8,528 | -€3,184 | -27.2% |
| Other operating charges | 640/8 | €3,891 | €4,919 | +€1,029 | +26.4% |
| Non-recurring operating charges | 66A | €1,490 | - | -€1,490 | |
| Gross operating margin | 9900 | €104,912 | €2,145 | -€102,767 | -98.0% |
| Operating profit (loss) | 9901 | €87,820 | -€11,302 | -€99,122 | |
| Financial income | 75/76B | - | €1,097 | +€1,097 | |
| Recurring financial income | 75 | - | €1,097 | +€1,097 | |
| Financial charges | 65/66B | €766 | €816 | +€50 | +6.6% |
| Recurring financial charges | 65 | €766 | €816 | +€50 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €87,054 | -€11,021 | -€98,076 | |
| Income taxes | 67/77 | €24,917 | -€916 | -€25,833 | |
| Profit (loss) for the period | 9904 | €62,137 | -€10,105 | -€72,242 | |
| Transfer from tax-exempt reserves | 789 | €3,900 | €3,900 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,037 | -€6,205 | -€72,242 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.