Q-VIVE: 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.
Q-VIVE
Largest movements
- Cash +€122,233
up €122,233 (+2,368%), from €5,161 to €127,394
mainly Net result for the year (+€82,569) and Depreciation (+€36,743)
- Tangible fixed assets -€20,270
down €20,270 (-2.8%), from €720,099 to €699,830
of which Land and buildings: -€16,888
- Current investments -€19,316
down €19,316 (-7.2%), from €269,288 to €249,972
- Reserves +€82,500
up €82,500 (+13.4%), from €616,606 to €699,106
of which Distributable reserves: +€82,500
- Accrued charges and deferred income +€24,905
up €24,905 (+23.5%), from €106,152 to €131,057
- Debts after one year -€18,526
down €18,526 (-7.4%), from €251,355 to €232,829
- Gross operating margin -€19,648
down €19,648 (-12.2%), from €160,619 to €140,971
- Financial charges -€18,163
down €18,163, from €15,293 to -€2,870
- Depreciation +€11,260
up €11,260 (+44.2%), from €25,482 to €36,743
- Taxes -€6,317
down €6,317 (-17.0%), from €37,208 to €30,892
- Financial income -€3,944
down €3,944 (-29.8%), from €13,215 to €9,271
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,097,164 | €1,174,910 | +€77,746 | +7.1% |
| Fixed assets | 21/28 | €725,099 | €704,830 | -€20,270 | -2.8% |
| Tangible fixed assets | 22/27 | €720,099 | €699,830 | -€20,270 | -2.8% |
| Land and buildings | 22 | €650,153 | €633,265 | -€16,888 | -2.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €69,946 | €66,565 | -€3,381 | -4.8% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €372,065 | €470,080 | +€98,015 | +26.3% |
| Stocks and contracts in progress | 3 | €29,252 | €19,706 | -€9,546 | -32.6% |
| Stocks | 30/36 | €29,252 | €19,706 | -€9,546 | -32.6% |
| Amounts receivable within one year | 40/41 | €67,282 | €70,355 | +€3,073 | +4.6% |
| Trade receivables | 40 | €58,420 | €56,355 | -€2,065 | -3.5% |
| Other amounts receivable | 41 | €8,862 | €14,000 | +€5,138 | +58.0% |
| Current investments | 50/53 | €269,288 | €249,972 | -€19,316 | -7.2% |
| Cash at bank and in hand | 54/58 | €5,161 | €127,394 | +€122,233 | +2,368% |
| Deferred charges and accrued income | 490/1 | €1,082 | €2,654 | +€1,571 | +145% |
| Total equity and liabilities | 10/49 | €1,097,164 | €1,174,910 | +€77,746 | +7.1% |
| Equity | 10/15 | €691,313 | €773,883 | +€82,569 | +11.9% |
| Contributions | 10/11 | €69,900 | €69,900 | = | 0.0% |
| Reserves | 13 | €616,606 | €699,106 | +€82,500 | +13.4% |
| Tax-exempt reserves | 132 | €116 | €116 | = | 0.0% |
| Distributable reserves | 133 | €616,490 | €698,990 | +€82,500 | +13.4% |
| Profit (loss) carried forward | 14 | €4,807 | €4,877 | +€69 | +1.4% |
| Amounts payable | 17/49 | €405,851 | €401,027 | -€4,824 | -1.2% |
| Amounts payable after more than one year | 17 | €251,355 | €232,829 | -€18,526 | -7.4% |
| Financial debts | 170/4 | €251,355 | €232,829 | -€18,526 | -7.4% |
| Amounts payable within one year | 42/48 | €48,344 | €37,140 | -€11,203 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €18,310 | €18,526 | +€215 | +1.2% |
| Trade debts | 44 | €14,009 | €3,188 | -€10,821 | -77.2% |
| Suppliers | 440/4 | €14,009 | €3,188 | -€10,821 | -77.2% |
| Taxes, remuneration and social security | 45 | €13,450 | €11,685 | -€1,765 | -13.1% |
| Taxes | 450/3 | €13,450 | €11,685 | -€1,765 | -13.1% |
| Other amounts payable | 47/48 | €2,575 | €3,743 | +€1,168 | +45.4% |
| Accrued charges and deferred income | 492/3 | €106,152 | €131,057 | +€24,905 | +23.5% |
| Non-recurring operating income | 76A | €7,256 | - | -€7,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,482 | €36,743 | +€11,260 | +44.2% |
| Other operating charges | 640/8 | €3,287 | €2,908 | -€379 | -11.5% |
| Gross operating margin | 9900 | €160,619 | €140,971 | -€19,648 | -12.2% |
| Operating profit (loss) | 9901 | €131,849 | €101,320 | -€30,529 | -23.2% |
| Financial income | 75/76B | €13,215 | €9,271 | -€3,944 | -29.8% |
| Recurring financial income | 75 | €13,215 | €9,271 | -€3,944 | -29.8% |
| Financial charges | 65/66B | €15,293 | -€2,870 | -€18,163 | |
| Recurring financial charges | 65 | €15,293 | -€2,870 | -€18,163 | |
| Profit (loss) for the period before taxes | 9903 | €129,771 | €113,461 | -€16,310 | -12.6% |
| Income taxes | 67/77 | €37,208 | €30,892 | -€6,317 | -17.0% |
| Profit (loss) for the period | 9904 | €92,563 | €82,569 | -€9,994 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €92,563 | €82,569 | -€9,994 | -10.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.