QUANTUMM: 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.
What changed
QUANTUMM
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€205,171
2025 · €126,973+€78,198
Equity
€6.0m
2025 · €6.6m-€644,829
Cash
€35,028
2025 · €71,367-€36,340
Balance sheet total
€13.3m
2025 · €12.5m+€844,512
Largest movements
Assets
- Tangible fixed assets +€1.4m
up €1.4m (+15.2%), from €9.4m to €10.8m
of which Land and buildings: +€1.5m
- Receivables within one year -€466,491
down €466,491 (-93.1%), from €501,095 to €34,604
of which Trade receivables: -€458,328
Equity and liabilities
- Debts after one year +€1.8m
up €1.8m (+39.5%), from €4.5m to €6.3m
- Revaluation surpluses -€850,000
no longer reported in 2026 (was €850,000)
- Profit (loss) carried forward +€288,184
up €288,184 (+10.5%), from €2.8m to €3.0m
- Trade debts -€218,216
down €218,216 (-71.2%), from €306,485 to €88,269
Income statement
- Other operating charges -€198,559
down €198,559 (-90.6%), from €219,042 to €20,482
- Gross operating margin -€176,247
down €176,247 (-16.9%), from €1.0m to €864,066
- Financial charges -€147,760
down €147,760 (-45.9%), from €322,148 to €174,388
- Depreciation +€68,292
up €68,292 (+21.2%), from €322,344 to €390,635
- Taxes +€34,223
up €34,223 (+51.2%), from €66,837 to €101,060
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.
Result 2025
€126,973
Gross operating margin
-€176,247
Depreciation
-€68,292
Other operating charges
+€198,559
Financial income
+€0
Financial charges
+€147,760
Taxes
-€34,223
Deferred taxes and other
+€10,641
Result 2026
€205,171
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€818,672
Investment
-€1.8m
Financing
+€969,329
Cash 2025
€71,367
From operations (derived)
+€818,672
Net result for the year
+€205,171
Depreciation
+€390,635
Stocks and contracts
+€86,363
Receivables within one year
+€466,491
Provisions
-€27,671
Trade debts
-€218,216
Tax, wage and social debts
-€86,999
Other debts
+€2,900
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€969,329
Debts after one year
+€1.8m
Current portion of long-term debt
+€30,461
Contributions, distributions and other
-€850,000
Cash 2026
€35,028
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,460,258 | €13,304,770 | +€844,512 | +6.8% |
| Fixed assets | 21/28 | €9,413,865 | €10,847,571 | +€1.4m | +15.2% |
| Tangible fixed assets | 22/27 | €9,413,865 | €10,847,571 | +€1.4m | +15.2% |
| Land and buildings | 22 | €9,370,578 | €10,826,913 | +€1.5m | +15.5% |
| Plant, machinery and equipment | 23 | - | €1,964 | +€1,964 | |
| Furniture and vehicles | 24 | €43,288 | €18,694 | -€24,593 | -56.8% |
| Current assets | 29/58 | €3,046,393 | €2,457,200 | -€589,193 | -19.3% |
| Stocks and contracts in progress | 3 | €2,473,930 | €2,387,568 | -€86,363 | -3.5% |
| Stocks | 30/36 | €2,473,930 | €2,387,568 | -€86,363 | -3.5% |
| Amounts receivable within one year | 40/41 | €501,095 | €34,604 | -€466,491 | -93.1% |
| Trade receivables | 40 | €492,932 | €34,604 | -€458,328 | -93.0% |
| Other amounts receivable | 41 | €8,163 | - | -€8,163 | |
| Cash at bank and in hand | 54/58 | €71,367 | €35,028 | -€36,340 | -50.9% |
| Total equity and liabilities | 10/49 | €12,460,258 | €13,304,770 | +€844,512 | +6.8% |
| Equity | 10/15 | €6,633,718 | €5,988,889 | -€644,829 | -9.7% |
| Contributions | 10/11 | €672,021 | €672,021 | = | 0.0% |
| Capital | 10 | €672,021 | €672,021 | = | 0.0% |
| Issued capital | 100 | €672,021 | €672,021 | = | 0.0% |
| Revaluation surpluses | 12 | €850,000 | - | -€850,000 | |
| Reserves | 13 | €2,355,867 | €2,272,854 | -€83,013 | -3.5% |
| Non-distributable reserves | 130/1 | €69,857 | €69,857 | = | 0.0% |
| Legal reserve | 130 | €69,857 | €69,857 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,285,258 | €2,202,245 | -€83,013 | -3.6% |
| Distributable reserves | 133 | €752 | €752 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,755,830 | €3,044,014 | +€288,184 | +10.5% |
| Provisions and deferred taxes | 16 | €761,733 | €734,062 | -€27,671 | -3.6% |
| Deferred taxes | 168 | €761,733 | €734,062 | -€27,671 | -3.6% |
| Amounts payable | 17/49 | €5,064,806 | €6,581,819 | +€1.5m | +30.0% |
| Amounts payable after more than one year | 17 | €4,526,555 | €6,315,422 | +€1.8m | +39.5% |
| Financial debts | 170/4 | €4,526,555 | €6,315,422 | +€1.8m | +39.5% |
| Amounts payable within one year | 42/48 | €538,251 | €266,397 | -€271,855 | -50.5% |
| Current portion of amounts payable after more than one year | 42 | €131,070 | €161,531 | +€30,461 | +23.2% |
| Trade debts | 44 | €306,485 | €88,269 | -€218,216 | -71.2% |
| Suppliers | 440/4 | €306,485 | €88,269 | -€218,216 | -71.2% |
| Taxes, remuneration and social security | 45 | €94,688 | €7,688 | -€86,999 | -91.9% |
| Taxes | 450/3 | €94,688 | €7,688 | -€86,999 | -91.9% |
| Other amounts payable | 47/48 | €6,009 | €8,909 | +€2,900 | +48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €322,344 | €390,635 | +€68,292 | +21.2% |
| Other operating charges | 640/8 | €219,042 | €20,482 | -€198,559 | -90.6% |
| Gross operating margin | 9900 | €1,040,313 | €864,066 | -€176,247 | -16.9% |
| Operating profit (loss) | 9901 | €498,928 | €452,948 | -€45,980 | -9.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €322,148 | €174,388 | -€147,760 | -45.9% |
| Recurring financial charges | 65 | €322,148 | €174,388 | -€147,760 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €176,780 | €278,560 | +€101,780 | +57.6% |
| Transfer from deferred taxes | 780 | €17,030 | €27,671 | +€10,641 | +62.5% |
| Income taxes | 67/77 | €66,837 | €101,060 | +€34,223 | +51.2% |
| Profit (loss) for the period | 9904 | €126,973 | €205,171 | +€78,198 | +61.6% |
| Transfer from tax-exempt reserves | 789 | €51,091 | €83,013 | +€31,922 | +62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €178,064 | €288,184 | +€110,120 | +61.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.