QERIMI: 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.
QERIMI
Largest movements
- Tangible fixed assets +€49,399
up €49,399 (+63.4%), from €77,894 to €127,293
of which Plant, machinery and equipment: +€42,626
- Cash -€3,903
down €3,903 (-13.3%), from €29,418 to €25,515
mainly Investment in fixed assets (net) (-€80,176) and Tax, wage and social debts (-€14,571)
- Debts after one year +€16,474
up €16,474 (+146%), from €11,298 to €27,773
- Trade debts +€15,766
up €15,766 (+312%), from €5,054 to €20,819
- Other debts +€14,818
up €14,818 (+20.6%), from €71,911 to €86,729
- Tax, wage and social debts -€14,571
down €14,571 (-60.9%), from €23,919 to €9,348
of which Taxes: -€16,423
- Profit (loss) carried forward +€10,164
up €10,164 (+48.5%), from €20,962 to €31,127
- Gross operating margin +€68,378
up €68,378, from -€6,981 to €61,398
- Depreciation +€13,929
up €13,929 (+89.2%), from €15,618 to €29,547
- Staff costs +€6,855
up €6,855 (+90.4%), from €7,584 to €14,439
- Financial charges +€4,412
up €4,412 (+1,200%), from €368 to €4,780
- Other operating charges -€651
down €651 (-23.1%), from €2,823 to €2,172
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.
Derived cash bridge
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 | €145,780 | €193,736 | +€47,956 | +32.9% |
| Fixed assets | 21/28 | €79,684 | €130,313 | +€50,629 | +63.5% |
| Tangible fixed assets | 22/27 | €77,894 | €127,293 | +€49,399 | +63.4% |
| Land and buildings | 22 | €4,946 | €11,071 | +€6,125 | +124% |
| Plant, machinery and equipment | 23 | €40,826 | €83,452 | +€42,626 | +104% |
| Furniture and vehicles | 24 | €32,122 | €32,770 | +€648 | +2.0% |
| Financial fixed assets | 28 | €1,790 | €3,020 | +€1,230 | +68.7% |
| Current assets | 29/58 | €66,095 | €63,422 | -€2,673 | -4.0% |
| Stocks and contracts in progress | 3 | €1,537 | €2,282 | +€746 | +48.5% |
| Stocks | 30/36 | €1,537 | €2,282 | +€746 | +48.5% |
| Amounts receivable within one year | 40/41 | €34,626 | €35,266 | +€640 | +1.8% |
| Trade receivables | 40 | €21,132 | €28,106 | +€6,974 | +33.0% |
| Other amounts receivable | 41 | €13,494 | €7,160 | -€6,334 | -46.9% |
| Cash at bank and in hand | 54/58 | €29,418 | €25,515 | -€3,903 | -13.3% |
| Deferred charges and accrued income | 490/1 | €515 | €359 | -€155 | -30.2% |
| Total equity and liabilities | 10/49 | €145,780 | €193,736 | +€47,956 | +32.9% |
| Equity | 10/15 | €30,962 | €41,127 | +€10,164 | +32.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,962 | €31,127 | +€10,164 | +48.5% |
| Amounts payable | 17/49 | €114,817 | €152,609 | +€37,791 | +32.9% |
| Amounts payable after more than one year | 17 | €11,298 | €27,773 | +€16,474 | +146% |
| Financial debts | 170/4 | €11,298 | €27,773 | +€16,474 | +146% |
| Amounts payable within one year | 42/48 | €103,519 | €124,836 | +€21,317 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €2,636 | €7,941 | +€5,304 | +201% |
| Trade debts | 44 | €5,054 | €20,819 | +€15,766 | +312% |
| Suppliers | 440/4 | €5,054 | €20,819 | +€15,766 | +312% |
| Taxes, remuneration and social security | 45 | €23,919 | €9,348 | -€14,571 | -60.9% |
| Taxes | 450/3 | €17,596 | €1,173 | -€16,423 | -93.3% |
| Remuneration and social security | 454/9 | €6,322 | €8,175 | +€1,852 | +29.3% |
| Other amounts payable | 47/48 | €71,911 | €86,729 | +€14,818 | +20.6% |
| Remuneration, social security and pensions | 62 | €7,584 | €14,439 | +€6,855 | +90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,618 | €29,547 | +€13,929 | +89.2% |
| Other operating charges | 640/8 | €2,823 | €2,172 | -€651 | -23.1% |
| Gross operating margin | 9900 | -€6,981 | €61,398 | +€68,378 | |
| Operating profit (loss) | 9901 | -€33,006 | €15,240 | +€48,246 | |
| Financial income | 75/76B | €0 | €25 | +€25 | +24,630% |
| Recurring financial income | 75 | €0 | €25 | +€25 | +24,630% |
| Financial charges | 65/66B | €368 | €4,780 | +€4,412 | +1,200% |
| Recurring financial charges | 65 | €368 | €4,780 | +€4,412 | +1,200% |
| Profit (loss) for the period before taxes | 9903 | -€33,373 | €10,485 | +€43,858 | |
| Income taxes | 67/77 | €204 | €320 | +€116 | +57.0% |
| Profit (loss) for the period | 9904 | -€33,577 | €10,164 | +€43,742 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,577 | €10,164 | +€43,742 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.