Q-COM: what changed
Q-COM
Largest movements
- Cash -€520,846
down €520,846 (-60.7%), from €858,192 to €337,346
mainly Contributions, distributions and other (-€549,000) and Current investments (-€50,989)
- Current investments +€50,989
up €50,989 (+2,054%), from €2,482 to €53,471
- Tangible fixed assets -€17,875
down €17,875 (-7.7%), from €231,335 to €213,460
of which Land and buildings: -€10,671
- Contributions -€450,000
down €450,000 (-96.0%), from €468,592 to €18,592
- Reserves -€37,139
down €37,139 (-5.7%), from €648,728 to €611,589
of which Non-distributable reserves: -€29,000
- Financial income +€5,699
up €5,699 (+72.3%), from €7,878 to €13,577
- Taxes +€2,489
up €2,489 (+10.9%), from €22,850 to €25,340
- Depreciation -€1,618
down €1,618 (-8.3%), from €19,493 to €17,875
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,134,711 | €647,382 | -€487,329 | -42.9% |
| Fixed assets | 21/28 | €231,335 | €213,460 | -€17,875 | -7.7% |
| Tangible fixed assets | 22/27 | €231,335 | €213,460 | -€17,875 | -7.7% |
| Land and buildings | 22 | €212,569 | €201,898 | -€10,671 | -5.0% |
| Plant, machinery and equipment | 23 | €2,202 | €1,782 | -€420 | -19.1% |
| Furniture and vehicles | 24 | €15,876 | €9,418 | -€6,458 | -40.7% |
| Other tangible fixed assets | 26 | €688 | €362 | -€327 | -47.5% |
| Current assets | 29/58 | €903,376 | €433,922 | -€469,453 | -52.0% |
| Amounts receivable within one year | 40/41 | €37,536 | €38,807 | +€1,271 | +3.4% |
| Trade receivables | 40 | €37,534 | €38,807 | +€1,274 | +3.4% |
| Other amounts receivable | 41 | €3 | - | -€3 | |
| Current investments | 50/53 | €2,482 | €53,471 | +€50,989 | +2,054% |
| Cash at bank and in hand | 54/58 | €858,192 | €337,346 | -€520,846 | -60.7% |
| Deferred charges and accrued income | 490/1 | €5,165 | €4,299 | -€866 | -16.8% |
| Total equity and liabilities | 10/49 | €1,134,711 | €647,382 | -€487,329 | -42.9% |
| Equity | 10/15 | €1,117,320 | €630,181 | -€487,139 | -43.6% |
| Contributions | 10/11 | €468,592 | €18,592 | -€450,000 | -96.0% |
| Reserves | 13 | €648,728 | €611,589 | -€37,139 | -5.7% |
| Non-distributable reserves | 130/1 | €31,181 | €2,181 | -€29,000 | -93.0% |
| Reserves not available under the articles | 1311 | €31,181 | €2,181 | -€29,000 | -93.0% |
| Distributable reserves | 133 | €617,547 | €609,408 | -€8,139 | -1.3% |
| Amounts payable | 17/49 | €17,391 | €17,201 | -€190 | -1.1% |
| Amounts payable within one year | 42/48 | €15,141 | €17,201 | +€2,060 | +13.6% |
| Trade debts | 44 | €2,135 | €208 | -€1,926 | -90.2% |
| Suppliers | 440/4 | €2,135 | €208 | -€1,926 | -90.2% |
| Taxes, remuneration and social security | 45 | €13,006 | €16,993 | +€3,987 | +30.7% |
| Taxes | 450/3 | €12,999 | €16,993 | +€3,994 | +30.7% |
| Remuneration and social security | 454/9 | €7 | - | -€7 | |
| Accrued charges and deferred income | 492/3 | €2,250 | - | -€2,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,493 | €17,875 | -€1,618 | -8.3% |
| Other operating charges | 640/8 | €2,116 | €1,747 | -€369 | -17.4% |
| Gross operating margin | 9900 | €93,007 | €93,385 | +€378 | +0.4% |
| Operating profit (loss) | 9901 | €71,397 | €73,762 | +€2,364 | +3.3% |
| Financial income | 75/76B | €7,878 | €13,577 | +€5,699 | +72.3% |
| Recurring financial income | 75 | €7,878 | €13,577 | +€5,699 | +72.3% |
| Financial charges | 65/66B | €175 | €138 | -€37 | -21.2% |
| Recurring financial charges | 65 | €175 | €138 | -€37 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €79,101 | €87,201 | +€8,100 | +10.2% |
| Income taxes | 67/77 | €22,850 | €25,340 | +€2,489 | +10.9% |
| Profit (loss) for the period | 9904 | €56,250 | €61,861 | +€5,611 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,250 | €61,861 | +€5,611 | +10.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.