QOPIA: 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.
QOPIA
Largest movements
- Receivables within one year -€1.5m
down €1.5m (-98.6%), from €1.5m to €20,482
of which Other amounts receivable: -€1.5m
- Other debts -€1.1m
down €1.1m (-66.7%), from €1.7m to €554,135
- Reserves -€209,321
down €209,321 (-28.8%), from €725,859 to €516,538
of which Distributable reserves: -€209,321
- Debts after one year -€162,375
down €162,375 (-17.4%), from €934,994 to €772,619
- Financial income -€1.3m
down €1.3m (-80.6%), from €1.6m to €300,000
- Financial charges +€23,971
up €23,971 (+521.6%), from €4,595 to €28,566
- Staff costs +€14,337
up €14,337 (+5.2%), from €273,369 to €287,706
- Gross operating margin -€8,948
down €8,948 (-2.6%), from €350,313 to €341,365
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 | €4,566,533 | €3,090,083 | -€1.5m | -32.3% |
| Fixed assets | 21/28 | €3,004,366 | €3,002,899 | -€1,467 | 0.0% |
| Tangible fixed assets | 22/27 | €109,446 | €98,838 | -€10,608 | -9.7% |
| Land and buildings | 22 | €82,134 | €82,134 | = | 0.0% |
| Furniture and vehicles | 24 | €14,301 | €4,301 | -€10,000 | -69.9% |
| Other tangible fixed assets | 26 | €13,010 | €12,402 | -€608 | -4.7% |
| Financial fixed assets | 28 | €2,894,920 | €2,904,061 | +€9,141 | +0.3% |
| Current assets | 29/58 | €1,562,167 | €87,185 | -€1.5m | -94.4% |
| Amounts receivable within one year | 40/41 | €1,505,116 | €20,482 | -€1.5m | -98.6% |
| Trade receivables | 40 | €31,348 | €20,170 | -€11,178 | -35.7% |
| Other amounts receivable | 41 | €1,473,767 | €312 | -€1.5m | -100.0% |
| Cash at bank and in hand | 54/58 | €57,052 | €66,702 | +€9,650 | +16.9% |
| Total equity and liabilities | 10/49 | €4,566,533 | €3,090,083 | -€1.5m | -32.3% |
| Equity | 10/15 | €1,740,089 | €1,530,768 | -€209,321 | -12.0% |
| Contributions | 10/11 | €1,014,230 | €1,014,230 | = | 0.0% |
| Reserves | 13 | €725,859 | €516,538 | -€209,321 | -28.8% |
| Non-distributable reserves | 130/1 | €98,031 | €98,031 | = | 0.0% |
| Reserves not available under the articles | 1311 | €98,031 | €98,031 | = | 0.0% |
| Distributable reserves | 133 | €627,828 | €418,507 | -€209,321 | -33.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,826,444 | €1,559,316 | -€1.3m | -44.8% |
| Amounts payable after more than one year | 17 | €934,994 | €772,619 | -€162,375 | -17.4% |
| Financial debts | 170/4 | €934,994 | €772,619 | -€162,375 | -17.4% |
| Amounts payable within one year | 42/48 | €1,891,450 | €786,697 | -€1.1m | -58.4% |
| Current portion of amounts payable after more than one year | 42 | €167,404 | €162,375 | -€5,029 | -3.0% |
| Trade debts | 44 | €22,341 | €24,124 | +€1,783 | +8.0% |
| Suppliers | 440/4 | €22,341 | €24,124 | +€1,783 | +8.0% |
| Taxes, remuneration and social security | 45 | €38,206 | €46,063 | +€7,857 | +20.6% |
| Taxes | 450/3 | €3,874 | €11,134 | +€7,260 | +187.4% |
| Remuneration and social security | 454/9 | €34,332 | €34,929 | +€597 | +1.7% |
| Other amounts payable | 47/48 | €1,663,500 | €554,135 | -€1.1m | -66.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €273,369 | €287,706 | +€14,337 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,608 | €10,608 | = | 0.0% |
| Other operating charges | 640/8 | €1,526 | €1,583 | +€57 | +3.7% |
| Gross operating margin | 9900 | €350,313 | €341,365 | -€8,948 | -2.6% |
| Operating profit (loss) | 9901 | €64,810 | €41,468 | -€23,342 | -36.0% |
| Financial income | 75/76B | €1,550,180 | €300,000 | -€1.3m | -80.6% |
| Recurring financial income | 75 | €1,550,180 | €300,000 | -€1.3m | -80.6% |
| Financial charges | 65/66B | €4,595 | €28,566 | +€23,971 | +521.6% |
| Recurring financial charges | 65 | €4,595 | €28,566 | +€23,971 | +521.6% |
| Profit (loss) for the period before taxes | 9903 | €1,610,395 | €312,902 | -€1.3m | -80.6% |
| Income taxes | 67/77 | €7,316 | €4,824 | -€2,493 | -34.1% |
| Profit (loss) for the period | 9904 | €1,603,078 | €308,079 | -€1.3m | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,603,078 | €308,079 | -€1.3m | -80.8% |
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 9 October 2026 via checked.be.