Qinfong: what changed
Two fiscal 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.
Qinfong
Largest movements
- Receivables within one year -€1,311
down €1,311 (-29.7%), from €4,413 to €3,103
of which Trade receivables: -€2,146
- Cash -€612
down €612 (-20.9%), from €2,923 to €2,311
mainly Net result for the year (-€2,419) and Trade debts (-€2,112)
- Tangible fixed assets -€300
down €300 (-46.1%), from €651 to €351
- Other debts +€2,420
up €2,420 (+20.0%), from €12,106 to €14,526
- Profit (loss) carried forward -€2,419
down €2,419 (-18.4%), from -€13,157 to -€15,576
- Trade debts -€2,112
down €2,112 (-54.1%), from €3,906 to €1,795
- Tax, wage and social debts -€111
down €111 (-84.0%), from €132 to €21
- Gross operating margin +€1,774
up €1,774 (+52.4%), from -€3,387 to -€1,613
- Other operating charges -€506
down €506 (-66.6%), from €759 to €253
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.
Cash bridge derived
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 | €7,988 | €5,765 | -€2,222 | -27.8% |
| Fixed assets | 21/28 | €651 | €351 | -€300 | -46.1% |
| Tangible fixed assets | 22/27 | €651 | €351 | -€300 | -46.1% |
| Plant, machinery and equipment | 23 | €651 | €351 | -€300 | -46.1% |
| Current assets | 29/58 | €7,336 | €5,414 | -€1,922 | -26.2% |
| Amounts receivable within one year | 40/41 | €4,413 | €3,103 | -€1,311 | -29.7% |
| Trade receivables | 40 | €4,397 | €2,251 | -€2,146 | -48.8% |
| Other amounts receivable | 41 | €17 | €852 | +€835 | +4952.3% |
| Cash at bank and in hand | 54/58 | €2,923 | €2,311 | -€612 | -20.9% |
| Total equity and liabilities | 10/49 | €7,988 | €5,765 | -€2,222 | -27.8% |
| Equity | 10/15 | -€8,157 | -€10,576 | -€2,419 | -29.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,157 | -€15,576 | -€2,419 | -18.4% |
| Amounts payable | 17/49 | €16,144 | €16,341 | +€197 | +1.2% |
| Amounts payable within one year | 42/48 | €16,144 | €16,341 | +€197 | +1.2% |
| Trade debts | 44 | €3,906 | €1,795 | -€2,112 | -54.1% |
| Suppliers | 440/4 | €3,906 | €1,795 | -€2,112 | -54.1% |
| Taxes, remuneration and social security | 45 | €132 | €21 | -€111 | -84.0% |
| Taxes | 450/3 | €132 | €21 | -€111 | -84.0% |
| Other amounts payable | 47/48 | €12,106 | €14,526 | +€2,420 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €300 | = | 0.0% |
| Other operating charges | 640/8 | €759 | €253 | -€506 | -66.6% |
| Gross operating margin | 9900 | -€3,387 | -€1,613 | +€1,774 | +52.4% |
| Operating profit (loss) | 9901 | -€4,446 | -€2,166 | +€2,280 | +51.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €283 | €255 | -€27 | -9.6% |
| Recurring financial charges | 65 | €283 | €255 | -€27 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,728 | -€2,419 | +€2,309 | +48.8% |
| Profit (loss) for the period | 9904 | -€4,728 | -€2,419 | +€2,309 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,728 | -€2,419 | +€2,309 | +48.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.