IMMO QUIRINY: 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.
IMMO QUIRINY
Largest movements
- Financial fixed assets -€53,529
down €53,529 (-44.3%), from €120,796 to €67,268
- Tangible fixed assets -€38,415
down €38,415 (-8.0%), from €482,166 to €443,751
of which Land and buildings: -€38,571
- Cash +€6,313
up €6,313 (+29.5%), from €21,425 to €27,738
mainly Depreciation (+€61,946) and Investment in fixed assets (net) (+€29,998)
- Profit (loss) carried forward -€65,577
down €65,577 (-29.6%), from -€221,504 to -€287,080
- Trade debts -€13,906
down €13,906 (-99.7%), from €13,954 to €48
- Other debts -€7,012
down €7,012 (-8.2%), from €85,099 to €78,087
- Gross operating margin -€5,849
down €5,849 (-141%), from -€4,142 to -€9,990
- Financial income +€5,403
up €5,403 (+112%), from €4,842 to €10,245
of which Non-recurring financial income: +€4,015
- Depreciation +€1,918
up €1,918 (+3.2%), from €60,028 to €61,946
- Taxes +€628
up €628, from €0 to €628
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 | €626,391 | €539,897 | -€86,494 | -13.8% |
| Fixed assets | 21/28 | €602,962 | €511,019 | -€91,944 | -15.2% |
| Tangible fixed assets | 22/27 | €482,166 | €443,751 | -€38,415 | -8.0% |
| Land and buildings | 22 | €476,691 | €438,120 | -€38,571 | -8.1% |
| Plant, machinery and equipment | 23 | €1,628 | €1,238 | -€390 | -24.0% |
| Furniture and vehicles | 24 | €3,847 | €4,393 | +€546 | +14.2% |
| Financial fixed assets | 28 | €120,796 | €67,268 | -€53,529 | -44.3% |
| Current assets | 29/58 | €23,429 | €28,878 | +€5,449 | +23.3% |
| Amounts receivable within one year | 40/41 | €2,004 | €1,140 | -€864 | -43.1% |
| Other amounts receivable | 41 | €2,004 | €1,140 | -€864 | -43.1% |
| Cash at bank and in hand | 54/58 | €21,425 | €27,738 | +€6,313 | +29.5% |
| Total equity and liabilities | 10/49 | €626,391 | €539,897 | -€86,494 | -13.8% |
| Equity | 10/15 | €526,414 | €460,837 | -€65,577 | -12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €729,317 | €729,317 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49,740 | €49,740 | = | 0.0% |
| Reserves not available under the articles | 1311 | €49,740 | €49,740 | = | 0.0% |
| Distributable reserves | 133 | €679,577 | €679,577 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€221,504 | -€287,080 | -€65,577 | -29.6% |
| Amounts payable | 17/49 | €99,978 | €79,060 | -€20,918 | -20.9% |
| Amounts payable within one year | 42/48 | €99,053 | €78,135 | -€20,918 | -21.1% |
| Trade debts | 44 | €13,954 | €48 | -€13,906 | -99.7% |
| Suppliers | 440/4 | €13,954 | €48 | -€13,906 | -99.7% |
| Other amounts payable | 47/48 | €85,099 | €78,087 | -€7,012 | -8.2% |
| Accrued charges and deferred income | 492/3 | €925 | €925 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,028 | €61,946 | +€1,918 | +3.2% |
| Other operating charges | 640/8 | €2,663 | €2,762 | +€99 | +3.7% |
| Gross operating margin | 9900 | -€4,142 | -€9,990 | -€5,849 | -141% |
| Operating profit (loss) | 9901 | -€66,833 | -€74,699 | -€7,866 | -11.8% |
| Financial income | 75/76B | €4,842 | €10,245 | +€5,403 | +112% |
| Recurring financial income | 75 | €2,038 | €3,427 | +€1,388 | +68.1% |
| Non-recurring financial income | 76B | €2,804 | €6,819 | +€4,015 | +143% |
| Financial charges | 65/66B | €497 | €496 | -€1 | -0.2% |
| Recurring financial charges | 65 | €497 | €496 | -€1 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€62,488 | -€64,949 | -€2,461 | -3.9% |
| Income taxes | 67/77 | €0 | €628 | +€628 | |
| Profit (loss) for the period | 9904 | -€62,488 | -€65,577 | -€3,089 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,488 | -€65,577 | -€3,089 | -4.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.