QUAMED: 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.
QUAMED
Largest movements
- Cash +€184,821
up €184,821 (+84.1%), from €219,854 to €404,675
mainly Deferred charges and accrued income (+€155,417) and Net result for the year (+€108,456)
- Deferred charges and accrued income -€155,417
down €155,417 (-98.8%), from €157,304 to €1,886
- Receivables within one year -€77,473
down €77,473 (-47.7%), from €162,402 to €84,929
of which Trade receivables: -€77,594
- Intangible fixed assets +€57,362
new in 2023: €57,362
- Profit (loss) carried forward +€108,462
up €108,462 (+76.9%), from €140,971 to €249,433
- Advances received -€55,199
down €55,199 (-17.5%), from €314,876 to €259,677
- Trade debts -€33,915
down €33,915 (-53.4%), from €63,472 to €29,557
- Accrued charges and deferred income -€13,700
no longer reported in 2023 (was €13,700)
- Staff costs +€243,129
up €243,129 (+140.7%), from €172,818 to €415,947
- Gross operating margin +€220,689
up €220,689 (+69.5%), from €317,607 to €538,296
- Depreciation +€5,869
new in 2023: €5,869
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €539,560 | €549,707 | +€10,147 | +1.9% |
| Fixed assets | 21/28 | - | €58,216 | +€58,216 | |
| Intangible fixed assets | 21 | - | €57,362 | +€57,362 | |
| Tangible fixed assets | 22/27 | - | €854 | +€854 | |
| Furniture and vehicles | 24 | - | €854 | +€854 | |
| Current assets | 29/58 | €539,560 | €491,490 | -€48,070 | -8.9% |
| Amounts receivable within one year | 40/41 | €162,402 | €84,929 | -€77,473 | -47.7% |
| Trade receivables | 40 | €157,223 | €79,629 | -€77,594 | -49.4% |
| Other amounts receivable | 41 | €5,179 | €5,300 | +€121 | +2.3% |
| Cash at bank and in hand | 54/58 | €219,854 | €404,675 | +€184,821 | +84.1% |
| Deferred charges and accrued income | 490/1 | €157,304 | €1,886 | -€155,417 | -98.8% |
| Total equity and liabilities | 10/49 | €539,560 | €549,707 | +€10,147 | +1.9% |
| Equity | 10/15 | €140,971 | €249,433 | +€108,462 | +76.9% |
| Profit (loss) carried forward | 14 | €140,971 | €249,433 | +€108,462 | +76.9% |
| Amounts payable | 17/49 | €398,589 | €300,274 | -€98,316 | -24.7% |
| Amounts payable within one year | 42/48 | €384,889 | €300,274 | -€84,616 | -22.0% |
| Financial debts | 43 | - | €67 | +€67 | |
| Credit institutions | 430/8 | - | €67 | +€67 | |
| Trade debts | 44 | €63,472 | €29,557 | -€33,915 | -53.4% |
| Suppliers | 440/4 | €63,472 | €29,557 | -€33,915 | -53.4% |
| Advances received on contracts in progress | 46 | €314,876 | €259,677 | -€55,199 | -17.5% |
| Taxes, remuneration and social security | 45 | €6,541 | €10,973 | +€4,432 | +67.8% |
| Taxes | 450/3 | €147 | €507 | +€360 | +245.1% |
| Remuneration and social security | 454/9 | €6,395 | €10,467 | +€4,072 | +63.7% |
| Accrued charges and deferred income | 492/3 | €13,700 | - | -€13,700 | |
| Remuneration, social security and pensions | 62 | €172,818 | €415,947 | +€243,129 | +140.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,869 | +€5,869 | |
| Other operating charges | 640/8 | €1,089 | €68 | -€1,021 | -93.8% |
| Gross operating margin | 9900 | €317,607 | €538,296 | +€220,689 | +69.5% |
| Operating profit (loss) | 9901 | €143,700 | €116,412 | -€27,289 | -19.0% |
| Financial income | 75/76B | €213 | €1,858 | +€1,645 | +771.4% |
| Recurring financial income | 75 | €213 | €1,858 | +€1,645 | +771.4% |
| Financial charges | 65/66B | €7,383 | €9,813 | +€2,430 | +32.9% |
| Recurring financial charges | 65 | €7,383 | €9,813 | +€2,430 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €136,530 | €108,456 | -€28,074 | -20.6% |
| Profit (loss) for the period | 9904 | €136,530 | €108,456 | -€28,074 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €136,530 | €108,456 | -€28,074 | -20.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.