QG Kamir: 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.
QG Kamir
Largest movements
- Receivables within one year +€5,259
up €5,259 (+800%), from €657 to €5,916
of which Other amounts receivable: +€5,137
- Cash -€2,785
down €2,785 (-82.2%), from €3,388 to €603
mainly Receivables within one year (-€5,259) and Other debts (-€1,808)
- Tangible fixed assets -€700
down €700 (-35.3%), from €1,983 to €1,283
- Stocks and contracts +€684
new in 2025: €684
- Profit (loss) carried forward +€5,469
up €5,469, from -€278 to €5,191
- Other debts -€1,808
no longer reported in 2025 (was €1,808)
- Trade debts -€1,161
down €1,161 (-84.5%), from €1,374 to €212
- Gross operating margin +€6,649
up €6,649, from -€161 to €6,488
- Other operating charges +€599
new in 2025: €599
- Depreciation +€583
up €583 (+500%), from €117 to €700
- Financial income +€279
new in 2025: €279
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 | €7,903 | €10,403 | +€2,500 | +31.6% |
| Fixed assets | 21/28 | €3,858 | €3,158 | -€700 | -18.1% |
| Tangible fixed assets | 22/27 | €1,983 | €1,283 | -€700 | -35.3% |
| Plant, machinery and equipment | 23 | €1,983 | €1,283 | -€700 | -35.3% |
| Financial fixed assets | 28 | €1,875 | €1,875 | = | 0.0% |
| Current assets | 29/58 | €4,045 | €7,245 | +€3,200 | +79.1% |
| Stocks and contracts in progress | 3 | - | €684 | +€684 | |
| Stocks | 30/36 | - | €684 | +€684 | |
| Amounts receivable within one year | 40/41 | €657 | €5,916 | +€5,259 | +800% |
| Trade receivables | 40 | €378 | €499 | +€121 | +32.1% |
| Other amounts receivable | 41 | €279 | €5,416 | +€5,137 | +1,842% |
| Cash at bank and in hand | 54/58 | €3,388 | €603 | -€2,785 | -82.2% |
| Deferred charges and accrued income | 490/1 | - | €42 | +€42 | |
| Total equity and liabilities | 10/49 | €7,903 | €10,403 | +€2,500 | +31.6% |
| Equity | 10/15 | €4,722 | €10,191 | +€5,469 | +116% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€278 | €5,191 | +€5,469 | |
| Amounts payable | 17/49 | €3,181 | €212 | -€2,969 | -93.3% |
| Amounts payable within one year | 42/48 | €3,181 | €212 | -€2,969 | -93.3% |
| Trade debts | 44 | €1,374 | €212 | -€1,161 | -84.5% |
| Suppliers | 440/4 | €1,374 | €212 | -€1,161 | -84.5% |
| Other amounts payable | 47/48 | €1,808 | - | -€1,808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117 | €700 | +€583 | +500% |
| Other operating charges | 640/8 | - | €599 | +€599 | |
| Gross operating margin | 9900 | -€161 | €6,488 | +€6,649 | |
| Operating profit (loss) | 9901 | -€278 | €5,189 | +€5,467 | |
| Financial income | 75/76B | - | €279 | +€279 | |
| Recurring financial income | 75 | - | €279 | +€279 | |
| Profit (loss) for the period before taxes | 9903 | -€278 | €5,469 | +€5,747 | |
| Profit (loss) for the period | 9904 | -€278 | €5,469 | +€5,747 | |
| Profit (loss) for the period to be appropriated | 9905 | -€278 | €5,469 | +€5,747 |
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 26 October 2026 via checked.be.