QC 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.
QC IMMO
Largest movements
- Tangible fixed assets -€19,816
down €19,816 (-6.5%), from €306,558 to €286,742
of which Land and buildings: -€19,494
- Receivables within one year +€14,106
up €14,106 (+45.1%), from €31,271 to €45,377
- Cash -€4,176
down €4,176 (-62.3%), from €6,701 to €2,525
mainly Receivables within one year (-€14,106) and Trade debts (-€5,738)
- Trade debts -€5,738
down €5,738 (-61.9%), from €9,263 to €3,524
- Profit (loss) carried forward -€5,407
down €5,407 (-13.5%), from -€40,097 to -€45,504
- Gross operating margin +€8,388
up €8,388 (+72.8%), from €11,524 to €19,913
- Depreciation -€4,370
down €4,370 (-18.0%), from €24,253 to €19,883
- Other operating charges -€301
down €301 (-5.4%), from €5,539 to €5,238
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 | €372,943 | €359,811 | -€13,132 | -3.5% |
| Fixed assets | 21/28 | €306,558 | €286,742 | -€19,816 | -6.5% |
| Tangible fixed assets | 22/27 | €306,558 | €286,742 | -€19,816 | -6.5% |
| Land and buildings | 22 | €304,357 | €284,863 | -€19,494 | -6.4% |
| Furniture and vehicles | 24 | €2,201 | €1,879 | -€323 | -14.7% |
| Current assets | 29/58 | €66,384 | €73,069 | +€6,684 | +10.1% |
| Stocks and contracts in progress | 3 | €25,102 | €25,102 | = | 0.0% |
| Stocks | 30/36 | €25,102 | €25,102 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,271 | €45,377 | +€14,106 | +45.1% |
| Other amounts receivable | 41 | €31,271 | €45,377 | +€14,106 | +45.1% |
| Cash at bank and in hand | 54/58 | €6,701 | €2,525 | -€4,176 | -62.3% |
| Deferred charges and accrued income | 490/1 | €3,310 | €64 | -€3,246 | -98.1% |
| Total equity and liabilities | 10/49 | €372,943 | €359,811 | -€13,132 | -3.5% |
| Equity | 10/15 | €356,168 | €350,760 | -€5,407 | -1.5% |
| Contributions | 10/11 | €387,000 | €387,000 | = | 0.0% |
| Reserves | 13 | €9,264 | €9,264 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,264 | €9,264 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,264 | €9,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,097 | -€45,504 | -€5,407 | -13.5% |
| Amounts payable | 17/49 | €16,775 | €9,050 | -€7,725 | -46.0% |
| Amounts payable after more than one year | 17 | €5,200 | €3,400 | -€1,800 | -34.6% |
| Other amounts payable | 178/9 | €5,200 | €3,400 | -€1,800 | -34.6% |
| Amounts payable within one year | 42/48 | €10,625 | €4,656 | -€5,969 | -56.2% |
| Trade debts | 44 | €9,263 | €3,524 | -€5,738 | -61.9% |
| Suppliers | 440/4 | €9,263 | €3,524 | -€5,738 | -61.9% |
| Taxes, remuneration and social security | 45 | €201 | - | -€201 | |
| Taxes | 450/3 | €201 | - | -€201 | |
| Other amounts payable | 47/48 | €1,161 | €1,131 | -€30 | -2.6% |
| Accrued charges and deferred income | 492/3 | €950 | €995 | +€45 | +4.7% |
| Non-recurring operating income | 76A | - | €1,057 | +€1,057 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,253 | €19,883 | -€4,370 | -18.0% |
| Other operating charges | 640/8 | €5,539 | €5,238 | -€301 | -5.4% |
| Gross operating margin | 9900 | €11,524 | €19,913 | +€8,388 | +72.8% |
| Operating profit (loss) | 9901 | -€18,267 | -€5,208 | +€13,059 | +71.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €308 | €200 | -€108 | -35.0% |
| Recurring financial charges | 65 | €308 | €200 | -€108 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,575 | -€5,407 | +€13,168 | +70.9% |
| Income taxes | 67/77 | €70 | - | -€70 | |
| Profit (loss) for the period | 9904 | -€18,645 | -€5,407 | +€13,238 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,645 | -€5,407 | +€13,238 | +71.0% |
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.