QMETRICS: 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.
QMETRICS
Largest movements
- Cash -€56,900
down €56,900 (-92.6%), from €61,451 to €4,551
mainly Other debts (-€297,565) and Contributions, distributions and other (-€56,486)
- Tangible fixed assets -€52,687
down €52,687 (-7.5%), from €706,149 to €653,462
of which Land and buildings: -€58,179
- Receivables within one year -€28,984
down €28,984 (-69.9%), from €41,437 to €12,453
of which Trade receivables: -€28,373
- Current investments -€26,533
down €26,533 (-84.4%), from €31,420 to €4,887
- Other debts -€297,565
down €297,565 (-93.1%), from €319,768 to €22,203
- Provisions +€257,374
new in 2025: €257,374
- Reserves -€56,486
down €56,486 (-36.1%), from €156,355 to €99,868
of which Distributable reserves: -€56,486
- Profit (loss) carried forward -€33,079
down €33,079 (-364%), from -€9,085 to -€42,163
- Debts after one year -€20,599
down €20,599 (-6.6%), from €314,402 to €293,802
- Gross operating margin -€33,551
down €33,551 (-46.9%), from €71,604 to €38,053
- Financial income +€9,811
up €9,811 (+2,655%), from €370 to €10,181
- Depreciation +€786
up €786 (+1.4%), from €58,031 to €58,817
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 | €841,884 | €675,353 | -€166,531 | -19.8% |
| Fixed assets | 21/28 | €706,149 | €653,462 | -€52,687 | -7.5% |
| Tangible fixed assets | 22/27 | €706,149 | €653,462 | -€52,687 | -7.5% |
| Land and buildings | 22 | €706,149 | €647,971 | -€58,179 | -8.2% |
| Furniture and vehicles | 24 | - | €5,492 | +€5,492 | |
| Current assets | 29/58 | €135,735 | €21,891 | -€113,844 | -83.9% |
| Amounts receivable within one year | 40/41 | €41,437 | €12,453 | -€28,984 | -69.9% |
| Trade receivables | 40 | €38,053 | €9,680 | -€28,373 | -74.6% |
| Other amounts receivable | 41 | €3,384 | €2,773 | -€611 | -18.1% |
| Current investments | 50/53 | €31,420 | €4,887 | -€26,533 | -84.4% |
| Cash at bank and in hand | 54/58 | €61,451 | €4,551 | -€56,900 | -92.6% |
| Deferred charges and accrued income | 490/1 | €1,428 | - | -€1,428 | |
| Total equity and liabilities | 10/49 | €841,884 | €675,353 | -€166,531 | -19.8% |
| Equity | 10/15 | €165,820 | €76,255 | -€89,565 | -54.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €156,355 | €99,868 | -€56,486 | -36.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €154,500 | €98,013 | -€56,486 | -36.6% |
| Profit (loss) carried forward | 14 | -€9,085 | -€42,163 | -€33,079 | -364% |
| Provisions and deferred taxes | 16 | - | €257,374 | +€257,374 | |
| Provisions for liabilities and charges | 160/5 | - | €257,374 | +€257,374 | |
| Other liabilities and charges | 164/5 | - | €257,374 | +€257,374 | |
| Amounts payable | 17/49 | €676,064 | €341,725 | -€334,340 | -49.5% |
| Amounts payable after more than one year | 17 | €314,402 | €293,802 | -€20,599 | -6.6% |
| Financial debts | 170/4 | €314,402 | €293,802 | -€20,599 | -6.6% |
| Amounts payable within one year | 42/48 | €343,835 | €47,923 | -€295,913 | -86.1% |
| Current portion of amounts payable after more than one year | 42 | €20,332 | €19,560 | -€772 | -3.8% |
| Trade debts | 44 | €1,861 | €1,350 | -€510 | -27.4% |
| Suppliers | 440/4 | €1,861 | €1,350 | -€510 | -27.4% |
| Taxes, remuneration and social security | 45 | €1,875 | €4,809 | +€2,934 | +156% |
| Taxes | 450/3 | €1,875 | €4,809 | +€2,934 | +156% |
| Other amounts payable | 47/48 | €319,768 | €22,203 | -€297,565 | -93.1% |
| Accrued charges and deferred income | 492/3 | €17,827 | - | -€17,827 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,031 | €58,817 | +€786 | +1.4% |
| Other operating charges | 640/8 | €2,364 | €2,766 | +€402 | +17.0% |
| Non-recurring operating charges | 66A | €25 | €28 | +€3 | +11.2% |
| Gross operating margin | 9900 | €71,604 | €38,053 | -€33,551 | -46.9% |
| Operating profit (loss) | 9901 | €11,184 | -€23,558 | -€34,742 | |
| Financial income | 75/76B | €370 | €10,181 | +€9,811 | +2,655% |
| Recurring financial income | 75 | €370 | €10,181 | +€9,811 | +2,655% |
| Financial charges | 65/66B | €19,805 | €19,529 | -€276 | -1.4% |
| Recurring financial charges | 65 | €19,805 | €19,529 | -€276 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,252 | -€32,907 | -€24,655 | -299% |
| Income taxes | 67/77 | €833 | €172 | -€661 | -79.3% |
| Profit (loss) for the period | 9904 | -€9,085 | -€33,079 | -€23,994 | -264% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,085 | -€33,079 | -€23,994 | -264% |
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 18 October 2026 via checked.be.