QANIK: 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.
QANIK
Largest movements
- Financial fixed assets +€103,000
new in 2025: €103,000
- Receivables after one year -€103,000
no longer reported in 2025 (was €103,000)
- Cash +€61,344
up €61,344 (+63.5%), from €96,548 to €157,892
mainly Net result for the year (+€109,641) and Receivables after one year (+€103,000)
- Receivables within one year +€51,272
up €51,272 (+51.8%), from €99,046 to €150,318
of which Trade receivables: +€73,003
- Tangible fixed assets -€17,636
down €17,636 (-6.6%), from €265,391 to €247,755
of which Land and buildings: -€18,588
- Reserves +€79,000
up €79,000 (+45.6%), from €173,253 to €252,253
- Tax, wage and social debts +€34,339
up €34,339 (+112.0%), from €30,657 to €64,996
- Debts after one year -€22,894
down €22,894 (-11.4%), from €200,372 to €177,478
- Other debts +€11,055
up €11,055 (+108.1%), from €10,223 to €21,278
- Gross operating margin +€166,371
up €166,371 (+448.4%), from €37,104 to €203,475
- Taxes +€55,429
up €55,429 (+1562.8%), from €3,547 to €58,975
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 | €567,796 | €666,455 | +€98,660 | +17.4% |
| Fixed assets | 21/28 | €265,391 | €350,755 | +€85,364 | +32.2% |
| Tangible fixed assets | 22/27 | €265,391 | €247,755 | -€17,636 | -6.6% |
| Land and buildings | 22 | €261,451 | €242,863 | -€18,588 | -7.1% |
| Plant, machinery and equipment | 23 | €229 | €40 | -€189 | -82.5% |
| Furniture and vehicles | 24 | €2,211 | €3,352 | +€1,141 | +51.6% |
| Other tangible fixed assets | 26 | €1,500 | €1,500 | = | 0.0% |
| Financial fixed assets | 28 | - | €103,000 | +€103,000 | |
| Current assets | 29/58 | €302,404 | €315,700 | +€13,296 | +4.4% |
| Amounts receivable after more than one year | 29 | €103,000 | - | -€103,000 | |
| Trade receivables | 290 | €103,000 | - | -€103,000 | |
| Amounts receivable within one year | 40/41 | €99,046 | €150,318 | +€51,272 | +51.8% |
| Trade receivables | 40 | €66,019 | €139,023 | +€73,003 | +110.6% |
| Other amounts receivable | 41 | €33,027 | €11,296 | -€21,731 | -65.8% |
| Cash at bank and in hand | 54/58 | €96,548 | €157,892 | +€61,344 | +63.5% |
| Deferred charges and accrued income | 490/1 | €3,811 | €7,490 | +€3,679 | +96.6% |
| Total equity and liabilities | 10/49 | €567,796 | €666,455 | +€98,660 | +17.4% |
| Equity | 10/15 | €283,453 | €363,094 | +€79,641 | +28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €173,253 | €252,253 | +€79,000 | +45.6% |
| Distributable reserves | 133 | €173,253 | €252,253 | +€79,000 | +45.6% |
| Profit (loss) carried forward | 14 | €91,601 | €92,242 | +€641 | +0.7% |
| Amounts payable | 17/49 | €284,342 | €303,361 | +€19,019 | +6.7% |
| Amounts payable after more than one year | 17 | €200,372 | €177,478 | -€22,894 | -11.4% |
| Financial debts | 170/4 | €200,372 | €177,478 | -€22,894 | -11.4% |
| Amounts payable within one year | 42/48 | €83,970 | €125,883 | +€41,913 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €22,826 | €22,894 | +€68 | +0.3% |
| Trade debts | 44 | €20,265 | €16,716 | -€3,550 | -17.5% |
| Suppliers | 440/4 | €20,265 | €16,716 | -€3,550 | -17.5% |
| Taxes, remuneration and social security | 45 | €30,657 | €64,996 | +€34,339 | +112.0% |
| Taxes | 450/3 | €30,657 | €64,996 | +€34,339 | +112.0% |
| Other amounts payable | 47/48 | €10,223 | €21,278 | +€11,055 | +108.1% |
| Non-recurring operating income | 76A | €1,189 | €182 | -€1,006 | -84.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,697 | €21,274 | -€423 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €215 | +€215 | |
| Other operating charges | 640/8 | €2,559 | €3,670 | +€1,111 | +43.4% |
| Non-recurring operating charges | 66A | €285 | €5,000 | +€4,715 | +1653.5% |
| Gross operating margin | 9900 | €37,104 | €203,475 | +€166,371 | +448.4% |
| Operating profit (loss) | 9901 | €12,562 | €173,315 | +€160,753 | +1279.7% |
| Financial income | 75/76B | €9 | €0 | -€9 | -96.4% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -96.4% |
| Financial charges | 65/66B | €4,388 | €4,699 | +€311 | +7.1% |
| Recurring financial charges | 65 | €4,388 | €4,699 | +€311 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €8,183 | €168,616 | +€160,433 | +1960.5% |
| Income taxes | 67/77 | €3,547 | €58,975 | +€55,429 | +1562.8% |
| Profit (loss) for the period | 9904 | €4,636 | €109,641 | +€105,004 | +2264.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,636 | €109,641 | +€105,004 | +2264.8% |
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 6 October 2026 via checked.be.