Q-IMMO: what changed
Two fiscal 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.
Q-IMMO
Largest movements
- Tangible fixed assets -€100,284
down €100,284 (-4.7%), from €2.1m to €2.0m
of which Plant, machinery and equipment: -€100,284
- Receivables within one year +€51,425
up €51,425 (+100.0%), from €51,425 to €102,850
- Cash +€50,099
up €50,099 (+172.6%), from €29,026 to €79,125
mainly Depreciation (+€100,284) and Trade debts (+€26,354)
- Tax, wage and social debts -€36,648
down €36,648 (-74.3%), from €49,317 to €12,669
- Trade debts +€26,354
up €26,354 (+172.3%), from €15,297 to €41,650
- Gross operating margin -€135,802
down €135,802 (-50.6%), from €268,129 to €132,326
- Taxes -€36,566
down €36,566 (-89.4%), from €40,899 to €4,333
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.
Cash bridge derived
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 | €2,220,183 | €2,221,423 | +€1,240 | +0.1% |
| Fixed assets | 21/28 | €2,139,732 | €2,039,448 | -€100,284 | -4.7% |
| Tangible fixed assets | 22/27 | €2,139,732 | €2,039,448 | -€100,284 | -4.7% |
| Land and buildings | 22 | €961,500 | €961,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,178,233 | €1,077,949 | -€100,284 | -8.5% |
| Current assets | 29/58 | €80,451 | €181,975 | +€101,524 | +126.2% |
| Amounts receivable within one year | 40/41 | €51,425 | €102,850 | +€51,425 | +100.0% |
| Trade receivables | 40 | €51,425 | €102,850 | +€51,425 | +100.0% |
| Cash at bank and in hand | 54/58 | €29,026 | €79,125 | +€50,099 | +172.6% |
| Total equity and liabilities | 10/49 | €2,220,183 | €2,221,423 | +€1,240 | +0.1% |
| Equity | 10/15 | €615,323 | €626,857 | +€11,534 | +1.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €536,200 | €546,200 | +€10,000 | +1.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €530,000 | €540,000 | +€10,000 | +1.9% |
| Profit (loss) carried forward | 14 | €17,123 | €18,657 | +€1,534 | +9.0% |
| Amounts payable | 17/49 | €1,604,860 | €1,594,566 | -€10,294 | -0.6% |
| Amounts payable within one year | 42/48 | €1,604,860 | €1,594,566 | -€10,294 | -0.6% |
| Trade debts | 44 | €15,297 | €41,650 | +€26,354 | +172.3% |
| Suppliers | 440/4 | €15,297 | €41,650 | +€26,354 | +172.3% |
| Taxes, remuneration and social security | 45 | €49,317 | €12,669 | -€36,648 | -74.3% |
| Taxes | 450/3 | €49,317 | €12,669 | -€36,648 | -74.3% |
| Other amounts payable | 47/48 | €1,540,246 | €1,540,246 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,819 | €100,284 | -€1,535 | -1.5% |
| Other operating charges | 640/8 | €15,546 | €15,995 | +€449 | +2.9% |
| Gross operating margin | 9900 | €268,129 | €132,326 | -€135,802 | -50.6% |
| Operating profit (loss) | 9901 | €150,764 | €16,048 | -€134,716 | -89.4% |
| Financial income | 75/76B | €263 | €0 | -€263 | -100.0% |
| Recurring financial income | 75 | €263 | €0 | -€263 | -100.0% |
| Financial charges | 65/66B | €813 | €180 | -€633 | -77.8% |
| Recurring financial charges | 65 | €813 | €180 | -€633 | -77.8% |
| Profit (loss) for the period before taxes | 9903 | €150,214 | €15,868 | -€134,346 | -89.4% |
| Income taxes | 67/77 | €40,899 | €4,333 | -€36,566 | -89.4% |
| Profit (loss) for the period | 9904 | €109,315 | €11,534 | -€97,780 | -89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €109,315 | €11,534 | -€97,780 | -89.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.