QUEMI HV: 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.
QUEMI HV
Largest movements
- Cash +€5,110
up €5,110 (+27.7%), from €18,449 to €23,559
mainly Net result for the year (+€10,489) and Tax, wage and social debts (+€1,134)
- Receivables within one year +€3,708
up €3,708 (+119%), from €3,110 to €6,818
of which Trade receivables: +€2,196
- Tangible fixed assets +€1,545
new in 2025: €1,545
- Profit (loss) carried forward +€10,489
up €10,489 (+72.0%), from €14,558 to €25,047
- Tax, wage and social debts +€1,134
up €1,134 (+46.3%), from €2,453 to €3,587
- Other debts -€655
down €655 (-26.8%), from €2,443 to €1,788
- Trade debts -€605
no longer reported in 2025 (was €605)
- Gross operating margin -€6,741
down €6,741 (-32.3%), from €20,893 to €14,152
- Taxes -€1,175
down €1,175 (-28.2%), from €4,163 to €2,988
- Depreciation -€623
down €623 (-47.8%), from €1,303 to €680
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.
Derived cash bridge
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 | €21,559 | €31,922 | +€10,363 | +48.1% |
| Fixed assets | 21/28 | - | €1,545 | +€1,545 | |
| Tangible fixed assets | 22/27 | - | €1,545 | +€1,545 | |
| Plant, machinery and equipment | 23 | - | €1,545 | +€1,545 | |
| Current assets | 29/58 | €21,559 | €30,377 | +€8,818 | +40.9% |
| Amounts receivable within one year | 40/41 | €3,110 | €6,818 | +€3,708 | +119% |
| Trade receivables | 40 | €2,772 | €4,968 | +€2,196 | +79.2% |
| Other amounts receivable | 41 | €337 | €1,850 | +€1,512 | +448% |
| Cash at bank and in hand | 54/58 | €18,449 | €23,559 | +€5,110 | +27.7% |
| Total equity and liabilities | 10/49 | €21,559 | €31,922 | +€10,363 | +48.1% |
| Equity | 10/15 | €16,058 | €26,547 | +€10,489 | +65.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,558 | €25,047 | +€10,489 | +72.0% |
| Amounts payable | 17/49 | €5,501 | €5,375 | -€126 | -2.3% |
| Amounts payable within one year | 42/48 | €5,501 | €5,375 | -€126 | -2.3% |
| Trade debts | 44 | €605 | - | -€605 | |
| Suppliers | 440/4 | €605 | - | -€605 | |
| Taxes, remuneration and social security | 45 | €2,453 | €3,587 | +€1,134 | +46.3% |
| Taxes | 450/3 | €2,453 | €3,587 | +€1,134 | +46.3% |
| Other amounts payable | 47/48 | €2,443 | €1,788 | -€655 | -26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,303 | €680 | -€623 | -47.8% |
| Gross operating margin | 9900 | €20,893 | €14,152 | -€6,741 | -32.3% |
| Operating profit (loss) | 9901 | €19,590 | €13,472 | -€6,118 | -31.2% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €0 | - | -€0 | |
| Recurring financial charges | 65 | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €19,590 | €13,476 | -€6,114 | -31.2% |
| Income taxes | 67/77 | €4,163 | €2,988 | -€1,175 | -28.2% |
| Profit (loss) for the period | 9904 | €15,428 | €10,489 | -€4,939 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,428 | €10,489 | -€4,939 | -32.0% |
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 19 October 2026 via checked.be.