QIKV: 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.
QIKV
Largest movements
- Receivables within one year -€58,723
down €58,723 (-37.1%), from €158,491 to €99,768
of which Trade receivables: -€63,786
- Cash -€36,098
down €36,098 (-41.2%), from €87,535 to €51,437
mainly Contributions, distributions and other (-€205,547) and Investment in fixed assets (net) (-€42,426)
- Tangible fixed assets +€22,543
up €22,543 (+38.5%), from €58,590 to €81,133
- Reserves -€171,247
down €171,247 (-83.3%), from €205,547 to €34,300
- Other debts +€127,045
up €127,045, from €0 to €127,045
- Trade debts -€27,766
down €27,766 (-95.3%), from €29,139 to €1,373
- Tax, wage and social debts +€19,200
up €19,200 (+59.3%), from €32,390 to €51,590
- Short-term financial debts -€15,598
down €15,598 (-51.7%), from €30,178 to €14,580
- Gross operating margin -€73,719
down €73,719 (-51.8%), from €142,311 to €68,593
- Taxes -€18,908
down €18,908 (-64.2%), from €29,432 to €10,524
- Depreciation +€14,108
up €14,108 (+244%), from €5,775 to €19,883
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 | €327,254 | €253,035 | -€74,219 | -22.7% |
| Fixed assets | 21/28 | €73,257 | €95,799 | +€22,543 | +30.8% |
| Tangible fixed assets | 22/27 | €58,590 | €81,133 | +€22,543 | +38.5% |
| Plant, machinery and equipment | 23 | €58,590 | €81,133 | +€22,543 | +38.5% |
| Financial fixed assets | 28 | €14,667 | €14,667 | = | 0.0% |
| Current assets | 29/58 | €253,997 | €157,236 | -€96,761 | -38.1% |
| Amounts receivable after more than one year | 29 | €2,295 | €0 | -€2,295 | -100% |
| Other amounts receivable | 291 | €2,295 | €0 | -€2,295 | -100% |
| Amounts receivable within one year | 40/41 | €158,491 | €99,768 | -€58,723 | -37.1% |
| Trade receivables | 40 | €157,108 | €93,321 | -€63,786 | -40.6% |
| Other amounts receivable | 41 | €1,383 | €6,447 | +€5,064 | +366% |
| Cash at bank and in hand | 54/58 | €87,535 | €51,437 | -€36,098 | -41.2% |
| Deferred charges and accrued income | 490/1 | €5,677 | €6,031 | +€354 | +6.2% |
| Total equity and liabilities | 10/49 | €327,254 | €253,035 | -€74,219 | -22.7% |
| Equity | 10/15 | €210,547 | €39,300 | -€171,247 | -81.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €205,547 | €34,300 | -€171,247 | -83.3% |
| Distributable reserves | 133 | €205,547 | €34,300 | -€171,247 | -83.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €116,707 | €213,735 | +€97,028 | +83.1% |
| Amounts payable after more than one year | 17 | €19,147 | €13,037 | -€6,110 | -31.9% |
| Financial debts | 170/4 | €19,147 | €13,037 | -€6,110 | -31.9% |
| Amounts payable within one year | 42/48 | €97,559 | €200,698 | +€103,138 | +106% |
| Current portion of amounts payable after more than one year | 42 | €5,853 | €6,110 | +€257 | +4.4% |
| Financial debts | 43 | €30,178 | €14,580 | -€15,598 | -51.7% |
| Credit institutions | 430/8 | €30,178 | €14,580 | -€15,598 | -51.7% |
| Trade debts | 44 | €29,139 | €1,373 | -€27,766 | -95.3% |
| Suppliers | 440/4 | €29,139 | €1,373 | -€27,766 | -95.3% |
| Taxes, remuneration and social security | 45 | €32,390 | €51,590 | +€19,200 | +59.3% |
| Taxes | 450/3 | €32,390 | €51,590 | +€19,200 | +59.3% |
| Other amounts payable | 47/48 | €0 | €127,045 | +€127,045 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,775 | €19,883 | +€14,108 | +244% |
| Other operating charges | 640/8 | €935 | €633 | -€302 | -32.3% |
| Gross operating margin | 9900 | €142,311 | €68,593 | -€73,719 | -51.8% |
| Operating profit (loss) | 9901 | €135,602 | €48,077 | -€87,525 | -64.5% |
| Financial income | 75/76B | €16 | €294 | +€278 | +1,726% |
| Recurring financial income | 75 | €16 | €294 | +€278 | +1,726% |
| Financial charges | 65/66B | €3,274 | €3,547 | +€273 | +8.3% |
| Recurring financial charges | 65 | €3,274 | €3,547 | +€273 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €132,344 | €44,824 | -€87,520 | -66.1% |
| Income taxes | 67/77 | €29,432 | €10,524 | -€18,908 | -64.2% |
| Profit (loss) for the period | 9904 | €102,912 | €34,300 | -€68,611 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €102,912 | €34,300 | -€68,611 | -66.7% |
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 25 October 2026 via checked.be.