QMIND: 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.
QMIND
Largest movements
- Current assets +€21,315
up €21,315 (+50.5%), from €42,169 to €63,484
of which Receivables within one year: +€34,291
- Debts after one year +€12,564
new in 2021: €12,564
- Debts within one year +€4,993
up €4,993 (+48.2%), from €10,355 to €15,348
of which Tax, wage and social debts: +€8,491
- Equity +€3,610
up €3,610 (+11.0%), from €32,895 to €36,505
of which Profit (loss) carried forward: +€3,610
- Gross operating margin -€36,667
down €36,667 (-84.7%), from €43,314 to €6,647
- Taxes -€6,838
down €6,838 (-63.2%), from €10,812 to €3,974
- Financial income +€2,196
new in 2021: €2,196
- Financial charges +€493
new in 2021: €493
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,249 | €64,417 | +€21,168 | +48.9% |
| Fixed assets | 21/28 | €1,080 | €933 | -€147 | -13.6% |
| Tangible fixed assets | 22/27 | €1,080 | €933 | -€147 | -13.6% |
| Furniture and vehicles | 24 | - | €933 | +€933 | |
| Current assets | 29/58 | €42,169 | €63,484 | +€21,315 | +50.5% |
| Amounts receivable within one year | 40/41 | €26,657 | €60,948 | +€34,291 | +128.6% |
| Trade receivables | 40 | - | €16,039 | +€16,039 | |
| Other amounts receivable | 41 | - | €44,909 | +€44,909 | |
| Cash at bank and in hand | 54/58 | €14,857 | €2,536 | -€12,321 | -82.9% |
| Total equity and liabilities | 10/49 | €43,249 | €64,417 | +€21,168 | +48.9% |
| Equity | 10/15 | €32,895 | €36,505 | +€3,610 | +11.0% |
| Contributions | 10/11 | - | €100 | +€100 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €30,935 | €34,545 | +€3,610 | +11.7% |
| Amounts payable | 17/49 | €10,355 | €27,912 | +€17,557 | +169.6% |
| Amounts payable after more than one year | 17 | - | €12,564 | +€12,564 | |
| Financial debts | 170/4 | - | €12,564 | +€12,564 | |
| Amounts payable within one year | 42/48 | €10,355 | €15,348 | +€4,993 | +48.2% |
| Current portion of amounts payable after more than one year | 42 | - | €6,399 | +€6,399 | |
| Trade debts | 44 | €2,070 | €458 | -€1,612 | -77.9% |
| Suppliers | 440/4 | - | €458 | +€458 | |
| Taxes, remuneration and social security | 45 | - | €8,491 | +€8,491 | |
| Taxes | 450/3 | - | €8,491 | +€8,491 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €975 | €766 | -€209 | -21.5% |
| Gross operating margin | 9900 | €43,314 | €6,647 | -€36,667 | -84.7% |
| Operating profit (loss) | 9901 | €41,814 | €5,881 | -€35,933 | -85.9% |
| Financial income | 75/76B | - | €2,196 | +€2,196 | |
| Recurring financial income | 75 | - | €2,196 | +€2,196 | |
| Financial charges | 65/66B | - | €493 | +€493 | |
| Recurring financial charges | 65 | €99 | €493 | +€394 | +398.2% |
| Profit (loss) for the period before taxes | 9903 | €41,715 | €7,584 | -€34,131 | -81.8% |
| Income taxes | 67/77 | €10,812 | €3,974 | -€6,838 | -63.2% |
| Profit (loss) for the period | 9904 | €30,903 | €3,610 | -€27,293 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,903 | €3,610 | -€27,293 | -88.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.