QUEMMAZIPA: 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.
QUEMMAZIPA
Largest movements
- Tangible fixed assets +€35,975
up €35,975 (+10.4%), from €346,364 to €382,338
- Cash +€9,936
up €9,936 (+37.3%), from €26,650 to €36,586
mainly Net result for the year (+€16,997) and Debts after one year (+€16,220)
- Reserves +€16,997
up €16,997 (+20.9%), from €81,338 to €98,335
- Debts after one year +€16,220
up €16,220 (+7.1%), from €229,885 to €246,105
- Current portion of long-term debt +€12,022
up €12,022 (+80.3%), from €14,966 to €26,987
- Depreciation +€2,715
up €2,715 (+25.6%), from €10,606 to €13,321
- Other operating charges -€1,091
down €1,091 (-36.8%), from €2,967 to €1,876
- Financial charges +€578
up €578 (+20.1%), from €2,869 to €3,447
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 | €376,189 | €421,427 | +€45,238 | +12.0% |
| Fixed assets | 21/28 | €346,364 | €382,338 | +€35,975 | +10.4% |
| Tangible fixed assets | 22/27 | €346,364 | €382,338 | +€35,975 | +10.4% |
| Land and buildings | 22 | €346,364 | €382,338 | +€35,975 | +10.4% |
| Current assets | 29/58 | €29,825 | €39,089 | +€9,264 | +31.1% |
| Amounts receivable within one year | 40/41 | €2,500 | €2,263 | -€237 | -9.5% |
| Other amounts receivable | 41 | €2,500 | €2,263 | -€237 | -9.5% |
| Cash at bank and in hand | 54/58 | €26,650 | €36,586 | +€9,936 | +37.3% |
| Deferred charges and accrued income | 490/1 | €675 | €239 | -€436 | -64.6% |
| Total equity and liabilities | 10/49 | €376,189 | €421,427 | +€45,238 | +12.0% |
| Equity | 10/15 | €131,338 | €148,335 | +€16,997 | +12.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €81,338 | €98,335 | +€16,997 | +20.9% |
| Distributable reserves | 133 | €81,338 | €98,335 | +€16,997 | +20.9% |
| Amounts payable | 17/49 | €244,851 | €273,092 | +€28,242 | +11.5% |
| Amounts payable after more than one year | 17 | €229,885 | €246,105 | +€16,220 | +7.1% |
| Financial debts | 170/4 | €229,885 | €246,105 | +€16,220 | +7.1% |
| Amounts payable within one year | 42/48 | €14,966 | €26,987 | +€12,022 | +80.3% |
| Current portion of amounts payable after more than one year | 42 | €14,966 | €26,987 | +€12,022 | +80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,606 | €13,321 | +€2,715 | +25.6% |
| Other operating charges | 640/8 | €2,967 | €1,876 | -€1,091 | -36.8% |
| Gross operating margin | 9900 | €35,943 | €35,875 | -€68 | -0.2% |
| Operating profit (loss) | 9901 | €22,370 | €20,678 | -€1,692 | -7.6% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €2,869 | €3,447 | +€578 | +20.1% |
| Recurring financial charges | 65 | €2,869 | €3,447 | +€578 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €19,501 | €17,235 | -€2,266 | -11.6% |
| Income taxes | 67/77 | - | €238 | +€238 | |
| Profit (loss) for the period | 9904 | €19,501 | €16,997 | -€2,504 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,501 | €16,997 | -€2,504 | -12.8% |
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 26 October 2026 via checked.be.