Qmineral: 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.
Qmineral
Largest movements
- Tangible fixed assets +€210,153
up €210,153 (+98.9%), from €212,448 to €422,601
of which Plant, machinery and equipment: +€178,144
- Cash -€83,499
down €83,499 (-14.9%), from €561,654 to €478,155
mainly Investment in fixed assets (net) (-€293,024) and Other debts (-€68,277)
- Receivables within one year +€41,996
up €41,996 (+15.6%), from €270,054 to €312,051
of which Trade receivables: +€23,616
- Deferred charges and accrued income +€37,642
up €37,642 (+257%), from €14,653 to €52,296
- Reserves +€141,821
up €141,821 (+17.2%), from €826,415 to €968,236
of which Distributable reserves: +€141,821
- Trade debts +€87,285
up €87,285 (+141%), from €61,735 to €149,020
- Other debts -€68,277
down €68,277 (-86.5%), from €78,963 to €10,686
- Debts after one year +€59,400
up €59,400 (+4,969%), from €1,195 to €60,595
- Tax, wage and social debts -€34,181
down €34,181 (-39.1%), from €87,333 to €53,152
of which Taxes: -€32,024
- Gross operating margin +€148,784
up €148,784 (+26.8%), from €555,678 to €704,462
- Staff costs +€37,733
up €37,733 (+9.5%), from €397,879 to €435,612
- Depreciation +€15,435
up €15,435 (+23.2%), from €66,588 to €82,023
- Taxes +€13,844
up €13,844 (+66.2%), from €20,923 to €34,766
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,101,222 | €1,308,363 | +€207,141 | +18.8% |
| Fixed assets | 21/28 | €221,810 | €432,811 | +€211,001 | +95.1% |
| Tangible fixed assets | 22/27 | €212,448 | €422,601 | +€210,153 | +98.9% |
| Plant, machinery and equipment | 23 | €203,493 | €381,637 | +€178,144 | +87.5% |
| Furniture and vehicles | 24 | €8,955 | €37,521 | +€28,565 | +319% |
| Assets under construction and advance payments | 27 | - | €3,443 | +€3,443 | |
| Financial fixed assets | 28 | €9,362 | €10,210 | +€848 | +9.1% |
| Current assets | 29/58 | €879,412 | €875,552 | -€3,860 | -0.4% |
| Amounts receivable within one year | 40/41 | €270,054 | €312,051 | +€41,996 | +15.6% |
| Trade receivables | 40 | €270,054 | €293,671 | +€23,616 | +8.7% |
| Other amounts receivable | 41 | €0 | €18,380 | +€18,380 | |
| Current investments | 50/53 | €33,050 | €33,050 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €561,654 | €478,155 | -€83,499 | -14.9% |
| Deferred charges and accrued income | 490/1 | €14,653 | €52,296 | +€37,642 | +257% |
| Total equity and liabilities | 10/49 | €1,101,222 | €1,308,363 | +€207,141 | +18.8% |
| Equity | 10/15 | €843,839 | €983,660 | +€139,821 | +16.6% |
| Contributions | 10/11 | €12,000 | €10,000 | -€2,000 | -16.7% |
| Reserves | 13 | €826,415 | €968,236 | +€141,821 | +17.2% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €742,215 | €884,036 | +€141,821 | +19.1% |
| Profit (loss) carried forward | 14 | €5,424 | €5,424 | = | 0.0% |
| Amounts payable | 17/49 | €257,383 | €324,703 | +€67,320 | +26.2% |
| Amounts payable after more than one year | 17 | €1,195 | €60,595 | +€59,400 | +4,969% |
| Financial debts | 170/4 | €1,195 | €60,595 | +€59,400 | +4,969% |
| Amounts payable within one year | 42/48 | €241,988 | €250,526 | +€8,538 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €13,956 | €37,667 | +€23,711 | +170% |
| Trade debts | 44 | €61,735 | €149,020 | +€87,285 | +141% |
| Suppliers | 440/4 | €61,735 | €149,020 | +€87,285 | +141% |
| Taxes, remuneration and social security | 45 | €87,333 | €53,152 | -€34,181 | -39.1% |
| Taxes | 450/3 | €41,790 | €9,766 | -€32,024 | -76.6% |
| Remuneration and social security | 454/9 | €45,543 | €43,386 | -€2,157 | -4.7% |
| Other amounts payable | 47/48 | €78,963 | €10,686 | -€68,277 | -86.5% |
| Accrued charges and deferred income | 492/3 | €14,200 | €13,582 | -€618 | -4.3% |
| Remuneration, social security and pensions | 62 | €397,879 | €435,612 | +€37,733 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,588 | €82,023 | +€15,435 | +23.2% |
| Other operating charges | 640/8 | €685 | €4,241 | +€3,556 | +519% |
| Gross operating margin | 9900 | €555,678 | €704,462 | +€148,784 | +26.8% |
| Operating profit (loss) | 9901 | €90,526 | €182,586 | +€92,060 | +102% |
| Financial income | 75/76B | €4,299 | €2,816 | -€1,483 | -34.5% |
| Recurring financial income | 75 | €4,299 | €2,816 | -€1,483 | -34.5% |
| Financial charges | 65/66B | €6,826 | €10,814 | +€3,988 | +58.4% |
| Recurring financial charges | 65 | €6,826 | €10,814 | +€3,988 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | €87,998 | €174,587 | +€86,589 | +98.4% |
| Income taxes | 67/77 | €20,923 | €34,766 | +€13,844 | +66.2% |
| Profit (loss) for the period | 9904 | €67,076 | €139,821 | +€72,745 | +108% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €67,076 | €139,821 | +€72,745 | +108% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.