MyQM: 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.
MyQM
Largest movements
- Intangible fixed assets +€188,189
up €188,189 (+17.8%), from €1.1m to €1.2m
- Cash +€151,823
up €151,823 (+183%), from €83,146 to €234,970
mainly Net result for the year (+€534,932) and Depreciation (+€430,153)
- Receivables within one year -€88,660
down €88,660 (-23.7%), from €373,553 to €284,893
of which Trade receivables: -€71,582
- Profit (loss) carried forward +€534,932
up €534,932 (+63.4%), from -€843,491 to -€308,559
- Short-term financial debts -€250,000
no longer reported in 2025 (was €250,000)
- Trade debts -€152,457
down €152,457 (-60.8%), from €250,942 to €98,486
- Tax, wage and social debts +€68,110
up €68,110 (+173%), from €39,459 to €107,568
of which Taxes: +€76,561
- Debts after one year +€55,185
new in 2025: €55,185
- Gross operating margin +€757,597
up €757,597 (+165%), from €460,321 to €1.2m
- Depreciation +€86,154
up €86,154 (+25.0%), from €344,000 to €430,153
- Staff costs -€49,023
down €49,023 (-17.9%), from €273,927 to €224,904
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 | €1,578,998 | €1,832,360 | +€253,363 | +16.0% |
| Fixed assets | 21/28 | €1,119,605 | €1,306,180 | +€186,575 | +16.7% |
| Intangible fixed assets | 21 | €1,059,119 | €1,247,308 | +€188,189 | +17.8% |
| Tangible fixed assets | 22/27 | €8,085 | €5,662 | -€2,423 | -30.0% |
| Land and buildings | 22 | €4,200 | €3,600 | -€600 | -14.3% |
| Plant, machinery and equipment | 23 | €477 | €358 | -€119 | -25.0% |
| Furniture and vehicles | 24 | €3,408 | €1,704 | -€1,704 | -50.0% |
| Financial fixed assets | 28 | €52,400 | €53,210 | +€810 | +1.5% |
| Current assets | 29/58 | €459,393 | €526,180 | +€66,787 | +14.5% |
| Amounts receivable within one year | 40/41 | €373,553 | €284,893 | -€88,660 | -23.7% |
| Trade receivables | 40 | €356,476 | €284,893 | -€71,582 | -20.1% |
| Other amounts receivable | 41 | €17,078 | - | -€17,078 | |
| Cash at bank and in hand | 54/58 | €83,146 | €234,970 | +€151,823 | +183% |
| Deferred charges and accrued income | 490/1 | €2,693 | €6,317 | +€3,624 | +135% |
| Total equity and liabilities | 10/49 | €1,578,998 | €1,832,360 | +€253,363 | +16.0% |
| Equity | 10/15 | €907,006 | €1,441,939 | +€534,932 | +59.0% |
| Contributions | 10/11 | €1,750,497 | €1,750,497 | = | 0.0% |
| Capital | 10 | €1,750,497 | €1,750,497 | = | 0.0% |
| Issued capital | 100 | €1,765,463 | €1,765,463 | = | 0.0% |
| Uncalled capital | 101 | €14,966 | €14,966 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€843,491 | -€308,559 | +€534,932 | +63.4% |
| Amounts payable | 17/49 | €671,991 | €390,422 | -€281,570 | -41.9% |
| Amounts payable after more than one year | 17 | - | €55,185 | +€55,185 | |
| Financial debts | 170/4 | - | €55,185 | +€55,185 | |
| Amounts payable within one year | 42/48 | €671,991 | €334,882 | -€337,109 | -50.2% |
| Current portion of amounts payable after more than one year | 42 | €130,864 | €128,101 | -€2,762 | -2.1% |
| Financial debts | 43 | €250,000 | - | -€250,000 | |
| Credit institutions | 430/8 | €250,000 | - | -€250,000 | |
| Trade debts | 44 | €250,942 | €98,486 | -€152,457 | -60.8% |
| Suppliers | 440/4 | €250,942 | €98,486 | -€152,457 | -60.8% |
| Taxes, remuneration and social security | 45 | €39,459 | €107,568 | +€68,110 | +173% |
| Taxes | 450/3 | €2,003 | €78,564 | +€76,561 | +3,823% |
| Remuneration and social security | 454/9 | €37,456 | €29,005 | -€8,451 | -22.6% |
| Other amounts payable | 47/48 | €727 | €727 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €354 | +€354 | |
| Non-recurring operating income | 76A | €1,022 | - | -€1,022 | |
| Remuneration, social security and pensions | 62 | €273,927 | €224,904 | -€49,023 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €344,000 | €430,153 | +€86,154 | +25.0% |
| Other operating charges | 640/8 | €7,280 | €3,076 | -€4,204 | -57.7% |
| Gross operating margin | 9900 | €460,321 | €1,217,918 | +€757,597 | +165% |
| Operating profit (loss) | 9901 | -€164,886 | €559,784 | +€724,671 | |
| Financial income | 75/76B | €203 | €665 | +€462 | +228% |
| Recurring financial income | 75 | €203 | €665 | +€462 | +228% |
| Financial charges | 65/66B | €12,810 | €24,549 | +€11,739 | +91.6% |
| Recurring financial charges | 65 | €12,810 | €24,549 | +€11,739 | +91.6% |
| Profit (loss) for the period before taxes | 9903 | -€177,493 | €535,900 | +€713,394 | |
| Income taxes | 67/77 | €999 | €968 | -€32 | -3.2% |
| Profit (loss) for the period | 9904 | -€178,493 | €534,932 | +€713,425 | |
| Profit (loss) for the period to be appropriated | 9905 | -€178,493 | €534,932 | +€713,425 |
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 18 October 2026 via checked.be.