QPHARMA: 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.
QPHARMA
Largest movements
- Receivables within one year +€80,271
up €80,271 (+353.3%), from €22,721 to €102,992
of which Other amounts receivable: +€80,908
- Cash -€18,539
down €18,539 (-24.6%), from €75,417 to €56,878
mainly Contributions, distributions and other (-€158,753) and Receivables within one year (-€80,271)
- Tangible fixed assets -€7,357
down €7,357 (-23.9%), from €30,845 to €23,488
of which Furniture and vehicles: -€9,077
- Other debts +€158,753
new in 2025: €158,753
- Profit (loss) carried forward -€105,639
no longer reported in 2025 (was €105,639)
- Tax, wage and social debts +€3,918
up €3,918 (+20.2%), from €19,379 to €23,297
- Trade debts -€2,626
down €2,626 (-98.0%), from €2,680 to €54
- Gross operating margin +€10,156
up €10,156 (+14.7%), from €68,985 to €79,141
- Taxes +€2,913
up €2,913 (+22.0%), from €13,245 to €16,157
- Depreciation +€1,334
up €1,334 (+15.1%), from €8,849 to €10,183
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 | €130,198 | €184,604 | +€54,406 | +41.8% |
| Fixed assets | 21/28 | €30,845 | €23,488 | -€7,357 | -23.9% |
| Tangible fixed assets | 22/27 | €30,845 | €23,488 | -€7,357 | -23.9% |
| Plant, machinery and equipment | 23 | €1,211 | €2,931 | +€1,720 | +142.0% |
| Furniture and vehicles | 24 | €29,634 | €20,557 | -€9,077 | -30.6% |
| Current assets | 29/58 | €99,353 | €161,116 | +€61,763 | +62.2% |
| Amounts receivable within one year | 40/41 | €22,721 | €102,992 | +€80,271 | +353.3% |
| Trade receivables | 40 | €13,479 | €12,842 | -€637 | -4.7% |
| Other amounts receivable | 41 | €9,242 | €90,149 | +€80,908 | +875.5% |
| Cash at bank and in hand | 54/58 | €75,417 | €56,878 | -€18,539 | -24.6% |
| Deferred charges and accrued income | 490/1 | €1,215 | €1,247 | +€31 | +2.6% |
| Total equity and liabilities | 10/49 | €130,198 | €184,604 | +€54,406 | +41.8% |
| Equity | 10/15 | €108,139 | €2,500 | -€105,639 | -97.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,639 | - | -€105,639 | |
| Amounts payable | 17/49 | €22,059 | €182,104 | +€160,045 | +725.5% |
| Amounts payable within one year | 42/48 | €22,059 | €182,104 | +€160,045 | +725.5% |
| Trade debts | 44 | €2,680 | €54 | -€2,626 | -98.0% |
| Suppliers | 440/4 | €2,680 | €54 | -€2,626 | -98.0% |
| Taxes, remuneration and social security | 45 | €19,379 | €23,297 | +€3,918 | +20.2% |
| Taxes | 450/3 | €19,379 | €23,297 | +€3,918 | +20.2% |
| Other amounts payable | 47/48 | - | €158,753 | +€158,753 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,849 | €10,183 | +€1,334 | +15.1% |
| Gross operating margin | 9900 | €68,985 | €79,141 | +€10,156 | +14.7% |
| Operating profit (loss) | 9901 | €60,136 | €68,958 | +€8,822 | +14.7% |
| Financial income | 75/76B | - | €399 | +€399 | |
| Recurring financial income | 75 | - | €399 | +€399 | |
| Financial charges | 65/66B | €47 | €86 | +€40 | +85.2% |
| Recurring financial charges | 65 | €47 | €86 | +€40 | +85.2% |
| Profit (loss) for the period before taxes | 9903 | €60,090 | €69,271 | +€9,182 | +15.3% |
| Income taxes | 67/77 | €13,245 | €16,157 | +€2,913 | +22.0% |
| Profit (loss) for the period | 9904 | €46,845 | €53,114 | +€6,269 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,845 | €53,114 | +€6,269 | +13.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.