IQUINO: 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.
IQUINO
Largest movements
- Tangible fixed assets +€237,466
up €237,466 (+61.7%), from €384,584 to €622,050
of which Land and buildings: +€212,397
- Cash -€87,972
down €87,972 (-44.1%), from €199,300 to €111,328
mainly Investment in fixed assets (net) (-€303,559) and Contributions, distributions and other (-€138,714)
- Current investments +€59,721
up €59,721 (+10.7%), from €557,140 to €616,861
- Receivables within one year -€27,545
down €27,545 (-43.8%), from €62,954 to €35,408
of which Trade receivables: -€35,371
- Other debts +€201,689
up €201,689 (+57.8%), from €349,123 to €550,812
- Reserves -€30,479
down €30,479 (-4.3%), from €715,028 to €684,549
- Trade debts +€25,183
up €25,183 (+659%), from €3,819 to €29,002
- Financial income -€95,025
down €95,025 (-92.4%), from €102,790 to €7,765
- Depreciation +€40,056
up €40,056 (+154%), from €26,036 to €66,092
- Taxes -€26,589
down €26,589 (-37.3%), from €71,252 to €44,663
- Gross operating margin -€17,281
down €17,281 (-6.7%), from €257,441 to €240,160
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 | €1,206,693 | €1,387,966 | +€181,273 | +15.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €384,584 | €622,050 | +€237,466 | +61.7% |
| Tangible fixed assets | 22/27 | €384,584 | €622,050 | +€237,466 | +61.7% |
| Land and buildings | 22 | €339,692 | €552,089 | +€212,397 | +62.5% |
| Plant, machinery and equipment | 23 | €7,572 | €10,931 | +€3,359 | +44.4% |
| Furniture and vehicles | 24 | €34,933 | €57,463 | +€22,530 | +64.5% |
| Other tangible fixed assets | 26 | €2,386 | €1,567 | -€819 | -34.3% |
| Current assets | 29/58 | €822,109 | €765,916 | -€56,194 | -6.8% |
| Amounts receivable within one year | 40/41 | €62,954 | €35,408 | -€27,545 | -43.8% |
| Trade receivables | 40 | €57,830 | €22,459 | -€35,371 | -61.2% |
| Other amounts receivable | 41 | €5,124 | €12,949 | +€7,825 | +153% |
| Current investments | 50/53 | €557,140 | €616,861 | +€59,721 | +10.7% |
| Cash at bank and in hand | 54/58 | €199,300 | €111,328 | -€87,972 | -44.1% |
| Deferred charges and accrued income | 490/1 | €2,716 | €2,318 | -€398 | -14.7% |
| Total equity and liabilities | 10/49 | €1,206,693 | €1,387,966 | +€181,273 | +15.0% |
| Equity | 10/15 | €783,628 | €753,149 | -€30,479 | -3.9% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €715,028 | €684,549 | -€30,479 | -4.3% |
| Distributable reserves | 133 | €715,028 | €684,549 | -€30,479 | -4.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €423,065 | €634,817 | +€211,752 | +50.1% |
| Amounts payable within one year | 42/48 | €397,558 | €610,884 | +€213,326 | +53.7% |
| Trade debts | 44 | €3,819 | €29,002 | +€25,183 | +659% |
| Suppliers | 440/4 | €3,819 | €29,002 | +€25,183 | +659% |
| Taxes, remuneration and social security | 45 | €44,616 | €31,070 | -€13,546 | -30.4% |
| Taxes | 450/3 | €44,616 | €31,070 | -€13,546 | -30.4% |
| Other amounts payable | 47/48 | €349,123 | €550,812 | +€201,689 | +57.8% |
| Accrued charges and deferred income | 492/3 | €25,507 | €23,933 | -€1,575 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,036 | €66,092 | +€40,056 | +154% |
| Other operating charges | 640/8 | €4,953 | €4,466 | -€488 | -9.8% |
| Non-recurring operating charges | 66A | €41 | €0 | -€41 | -100% |
| Gross operating margin | 9900 | €257,441 | €240,160 | -€17,281 | -6.7% |
| Operating profit (loss) | 9901 | €226,410 | €169,602 | -€56,808 | -25.1% |
| Financial income | 75/76B | €102,790 | €7,765 | -€95,025 | -92.4% |
| Recurring financial income | 75 | €102,790 | €7,765 | -€95,025 | -92.4% |
| Financial charges | 65/66B | €24,889 | €24,470 | -€419 | -1.7% |
| Recurring financial charges | 65 | €24,889 | €24,470 | -€419 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €304,311 | €152,897 | -€151,414 | -49.8% |
| Income taxes | 67/77 | €71,252 | €44,663 | -€26,589 | -37.3% |
| Profit (loss) for the period | 9904 | €233,059 | €108,235 | -€124,824 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €233,059 | €108,235 | -€124,824 | -53.6% |
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 28 October 2026 via checked.be.