QHAM: 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.
QHAM
Largest movements
- Cash +€27,944
up €27,944 (+304.2%), from €9,185 to €37,129
mainly Net result for the year (+€47,830) and Tax, wage and social debts (+€44,128)
- Receivables within one year -€6,589
down €6,589 (-6.7%), from €98,938 to €92,349
of which Other amounts receivable: -€8,379
- Profit (loss) carried forward -€59,692
down €59,692 (-95.5%), from €62,522 to €2,830
- Tax, wage and social debts +€44,128
up €44,128 (+136.1%), from €32,425 to €76,553
of which Taxes: +€59,808
- Other debts +€38,250
up €38,250 (+22077.9%), from €173 to €38,423
- Trade debts -€2,547
down €2,547 (-49.5%), from €5,151 to €2,604
- Gross operating margin +€22,985
up €22,985 (+54.8%), from €41,953 to €64,939
- Taxes +€4,440
up €4,440 (+45.6%), from €9,731 to €14,171
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,735 | €141,264 | +€20,530 | +17.0% |
| Fixed assets | 21/28 | €12,612 | €11,514 | -€1,098 | -8.7% |
| Tangible fixed assets | 22/27 | €3,612 | €2,511 | -€1,100 | -30.5% |
| Furniture and vehicles | 24 | €3,612 | €2,511 | -€1,100 | -30.5% |
| Financial fixed assets | 28 | €9,000 | €9,003 | +€3 | 0.0% |
| Current assets | 29/58 | €108,123 | €129,750 | +€21,627 | +20.0% |
| Amounts receivable within one year | 40/41 | €98,938 | €92,349 | -€6,589 | -6.7% |
| Trade receivables | 40 | €0 | €1,790 | +€1,790 | |
| Other amounts receivable | 41 | €98,938 | €90,559 | -€8,379 | -8.5% |
| Cash at bank and in hand | 54/58 | €9,185 | €37,129 | +€27,944 | +304.2% |
| Deferred charges and accrued income | 490/1 | - | €272 | +€272 | |
| Total equity and liabilities | 10/49 | €120,735 | €141,264 | +€20,530 | +17.0% |
| Equity | 10/15 | €82,982 | €23,290 | -€59,692 | -71.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,522 | €2,830 | -€59,692 | -95.5% |
| Amounts payable | 17/49 | €37,752 | €117,974 | +€80,222 | +212.5% |
| Amounts payable within one year | 42/48 | €37,750 | €117,580 | +€79,830 | +211.5% |
| Trade debts | 44 | €5,151 | €2,604 | -€2,547 | -49.5% |
| Suppliers | 440/4 | €5,151 | €2,604 | -€2,547 | -49.5% |
| Taxes, remuneration and social security | 45 | €32,425 | €76,553 | +€44,128 | +136.1% |
| Taxes | 450/3 | €16,745 | €76,553 | +€59,808 | +357.2% |
| Remuneration and social security | 454/9 | €15,680 | - | -€15,680 | |
| Other amounts payable | 47/48 | €173 | €38,423 | +€38,250 | +22077.9% |
| Accrued charges and deferred income | 492/3 | €3 | €394 | +€392 | +15550.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €927 | €1,100 | +€173 | +18.7% |
| Other operating charges | 640/8 | €1,044 | €1,418 | +€374 | +35.8% |
| Gross operating margin | 9900 | €41,953 | €64,939 | +€22,985 | +54.8% |
| Operating profit (loss) | 9901 | €39,982 | €62,420 | +€22,438 | +56.1% |
| Financial income | 75/76B | €297 | €297 | = | 0.0% |
| Recurring financial income | 75 | €297 | €297 | = | 0.0% |
| Financial charges | 65/66B | €608 | €715 | +€107 | +17.7% |
| Recurring financial charges | 65 | €608 | €715 | +€107 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €39,671 | €62,001 | +€22,331 | +56.3% |
| Income taxes | 67/77 | €9,731 | €14,171 | +€4,440 | +45.6% |
| Profit (loss) for the period | 9904 | €29,939 | €47,830 | +€17,891 | +59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,939 | €47,830 | +€17,891 | +59.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.