QIMCON: what changed
QIMCON
Largest movements
- Receivables within one year +€63,508
up €63,508 (+6.3%), from €1.0m to €1.1m
of which Trade receivables: +€67,030
- Cash -€63,293
down €63,293 (-73.0%), from €86,657 to €23,364
mainly Net result for the year (-€92,872) and Receivables within one year (-€63,508)
- Tangible fixed assets -€43,718
down €43,718 (-5.1%), from €861,846 to €818,128
of which Land and buildings: -€29,249
- Financial fixed assets -€32,000
down €32,000 (-26.7%), from €119,720 to €87,720
- Receivables after one year -€22,914
no longer reported in 2025 (was €22,914)
- Reserves -€92,872
down €92,872 (-5.6%), from €1.7m to €1.6m
of which Distributable reserves: -€92,872
- Other debts +€41,630
up €41,630 (+33.3%), from €125,129 to €166,759
- Debts after one year -€22,523
down €22,523 (-15.7%), from €143,091 to €120,568
- Financial income +€21,327
up €21,327 (+279%), from €7,657 to €28,983
- Financial charges +€20,924
up €20,924 (+281%), from €7,458 to €28,382
of which Non-recurring financial charges: +€22,475
- Gross operating margin +€6,986
up €6,986 (+25.2%), from -€27,671 to -€20,685
- Depreciation -€2,995
down €2,995 (-6.4%), from €46,713 to €43,718
- Other operating charges +€1,732
up €1,732 (+101%), from €1,706 to €3,438
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,142,638 | €2,065,301 | -€77,337 | -3.6% |
| Fixed assets | 21/28 | €981,567 | €905,849 | -€75,718 | -7.7% |
| Tangible fixed assets | 22/27 | €861,846 | €818,128 | -€43,718 | -5.1% |
| Land and buildings | 22 | €805,999 | €776,750 | -€29,249 | -3.6% |
| Plant, machinery and equipment | 23 | €19,555 | €14,156 | -€5,398 | -27.6% |
| Furniture and vehicles | 24 | €36,293 | €27,222 | -€9,071 | -25.0% |
| Financial fixed assets | 28 | €119,720 | €87,720 | -€32,000 | -26.7% |
| Current assets | 29/58 | €1,161,071 | €1,159,452 | -€1,619 | -0.1% |
| Amounts receivable after more than one year | 29 | €22,914 | - | -€22,914 | |
| Other amounts receivable | 291 | €22,914 | - | -€22,914 | |
| Amounts receivable within one year | 40/41 | €1,012,352 | €1,075,860 | +€63,508 | +6.3% |
| Trade receivables | 40 | €78,620 | €145,650 | +€67,030 | +85.3% |
| Other amounts receivable | 41 | €933,732 | €930,210 | -€3,522 | -0.4% |
| Cash at bank and in hand | 54/58 | €86,657 | €23,364 | -€63,293 | -73.0% |
| Deferred charges and accrued income | 490/1 | €39,147 | €60,228 | +€21,081 | +53.8% |
| Total equity and liabilities | 10/49 | €2,142,638 | €2,065,301 | -€77,337 | -3.6% |
| Equity | 10/15 | €1,832,848 | €1,739,977 | -€92,872 | -5.1% |
| Contributions | 10/11 | €176,200 | €176,200 | = | 0.0% |
| Reserves | 13 | €1,656,648 | €1,563,777 | -€92,872 | -5.6% |
| Non-distributable reserves | 130/1 | €18,860 | €18,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,860 | €18,860 | = | 0.0% |
| Distributable reserves | 133 | €1,637,788 | €1,544,917 | -€92,872 | -5.7% |
| Amounts payable | 17/49 | €309,789 | €325,324 | +€15,535 | +5.0% |
| Amounts payable after more than one year | 17 | €143,091 | €120,568 | -€22,523 | -15.7% |
| Financial debts | 170/4 | €143,091 | €120,568 | -€22,523 | -15.7% |
| Amounts payable within one year | 42/48 | €166,698 | €204,724 | +€38,026 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €22,048 | €22,523 | +€475 | +2.2% |
| Trade debts | 44 | €15,354 | €13,905 | -€1,449 | -9.4% |
| Suppliers | 440/4 | €15,354 | €13,905 | -€1,449 | -9.4% |
| Taxes, remuneration and social security | 45 | €4,166 | €1,536 | -€2,630 | -63.1% |
| Taxes | 450/3 | €2,666 | €1,536 | -€1,130 | -42.4% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €125,129 | €166,759 | +€41,630 | +33.3% |
| Accrued charges and deferred income | 492/3 | - | €33 | +€33 | |
| Non-recurring operating income | 76A | €46,394 | - | -€46,394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,713 | €43,718 | -€2,995 | -6.4% |
| Other operating charges | 640/8 | €1,706 | €3,438 | +€1,732 | +101% |
| Non-recurring operating charges | 66A | €251 | €25,490 | +€25,239 | +10,055% |
| Gross operating margin | 9900 | -€27,671 | -€20,685 | +€6,986 | +25.2% |
| Operating profit (loss) | 9901 | -€76,341 | -€93,330 | -€16,989 | -22.3% |
| Financial income | 75/76B | €7,657 | €28,983 | +€21,327 | +279% |
| Recurring financial income | 75 | €7,657 | €28,983 | +€21,327 | +279% |
| Financial charges | 65/66B | €7,458 | €28,382 | +€20,924 | +281% |
| Recurring financial charges | 65 | €4,933 | €3,382 | -€1,551 | -31.4% |
| Non-recurring financial charges | 66B | €2,525 | €25,000 | +€22,475 | +890% |
| Profit (loss) for the period before taxes | 9903 | -€76,142 | -€92,729 | -€16,586 | -21.8% |
| Income taxes | 67/77 | €149 | €143 | -€6 | -4.0% |
| Profit (loss) for the period | 9904 | -€76,291 | -€92,872 | -€16,580 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,291 | -€92,872 | -€16,580 | -21.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.