Qovop: 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.
Qovop
Largest movements
- Current investments +€45,226
up €45,226 (+188%), from €24,000 to €69,226
- Cash -€18,346
down €18,346 (-53.2%), from €34,456 to €16,110
mainly Current investments (-€45,226) and Receivables after one year (-€17,500)
- Receivables after one year +€17,500
new in 2026: €17,500
- Tangible fixed assets +€13,044
up €13,044 (+192%), from €6,796 to €19,840
of which Furniture and vehicles: +€10,810
- Receivables within one year -€7,737
down €7,737 (-24.9%), from €31,113 to €23,376
of which Other amounts receivable: -€6,353
- Reserves +€50,804
up €50,804 (+60.2%), from €84,338 to €135,142
- Gross operating margin +€28,691
up €28,691 (+70.1%), from €40,932 to €69,623
- Taxes +€5,306
up €5,306 (+59.3%), from €8,941 to €14,248
- Depreciation +€2,151
up €2,151 (+116%), from €1,854 to €4,005
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 | €99,069 | €148,593 | +€49,524 | +50.0% |
| Formation expenses | 20 | €766 | €496 | -€270 | -35.3% |
| Fixed assets | 21/28 | €6,796 | €19,840 | +€13,044 | +192% |
| Tangible fixed assets | 22/27 | €6,796 | €19,840 | +€13,044 | +192% |
| Land and buildings | 22 | €2,913 | €5,146 | +€2,234 | +76.7% |
| Furniture and vehicles | 24 | €3,883 | €14,693 | +€10,810 | +278% |
| Current assets | 29/58 | €91,508 | €128,258 | +€36,750 | +40.2% |
| Amounts receivable after more than one year | 29 | - | €17,500 | +€17,500 | |
| Other amounts receivable | 291 | - | €17,500 | +€17,500 | |
| Amounts receivable within one year | 40/41 | €31,113 | €23,376 | -€7,737 | -24.9% |
| Trade receivables | 40 | €22,928 | €21,545 | -€1,383 | -6.0% |
| Other amounts receivable | 41 | €8,185 | €1,831 | -€6,353 | -77.6% |
| Current investments | 50/53 | €24,000 | €69,226 | +€45,226 | +188% |
| Cash at bank and in hand | 54/58 | €34,456 | €16,110 | -€18,346 | -53.2% |
| Deferred charges and accrued income | 490/1 | €1,939 | €2,045 | +€106 | +5.5% |
| Total equity and liabilities | 10/49 | €99,069 | €148,593 | +€49,524 | +50.0% |
| Equity | 10/15 | €89,338 | €140,142 | +€50,804 | +56.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €84,338 | €135,142 | +€50,804 | +60.2% |
| Distributable reserves | 133 | €84,338 | €135,142 | +€50,804 | +60.2% |
| Amounts payable | 17/49 | €9,732 | €8,451 | -€1,281 | -13.2% |
| Amounts payable within one year | 42/48 | €9,656 | €8,451 | -€1,205 | -12.5% |
| Trade debts | 44 | €2,439 | €1,147 | -€1,292 | -53.0% |
| Suppliers | 440/4 | €2,439 | €1,147 | -€1,292 | -53.0% |
| Taxes, remuneration and social security | 45 | €6,611 | €6,329 | -€282 | -4.3% |
| Taxes | 450/3 | €5,119 | €4,837 | -€282 | -5.5% |
| Remuneration and social security | 454/9 | €1,493 | €1,493 | = | 0.0% |
| Other amounts payable | 47/48 | €606 | €974 | +€368 | +60.8% |
| Accrued charges and deferred income | 492/3 | €75 | - | -€75 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,854 | €4,005 | +€2,151 | +116% |
| Other operating charges | 640/8 | €414 | €957 | +€542 | +131% |
| Gross operating margin | 9900 | €40,932 | €69,623 | +€28,691 | +70.1% |
| Operating profit (loss) | 9901 | €38,663 | €64,661 | +€25,998 | +67.2% |
| Financial income | 75/76B | €424 | €452 | +€28 | +6.6% |
| Recurring financial income | 75 | €424 | €452 | +€28 | +6.6% |
| Financial charges | 65/66B | €85 | €61 | -€25 | -28.8% |
| Recurring financial charges | 65 | €85 | €61 | -€25 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €39,002 | €65,052 | +€26,050 | +66.8% |
| Income taxes | 67/77 | €8,941 | €14,248 | +€5,306 | +59.3% |
| Profit (loss) for the period | 9904 | €30,060 | €50,804 | +€20,744 | +69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,060 | €50,804 | +€20,744 | +69.0% |
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 19 October 2026 via checked.be.