QUIDUM: 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.
QUIDUM
Largest movements
- Receivables within one year +€13,777
up €13,777 (+13.6%), from €101,647 to €115,424
of which Trade receivables: +€7,807
- Cash +€13,547
up €13,547 (+19.7%), from €68,774 to €82,321
mainly Net result for the year (+€47,245) and Short-term financial debts (+€30,264)
- Deferred charges and accrued income +€13,157
up €13,157 (+257.8%), from €5,103 to €18,261
- Current investments +€5,476
new in 2025: €5,476
- Intangible fixed assets +€4,758
new in 2025: €4,758
- Short-term financial debts +€30,264
new in 2025: €30,264
- Tax, wage and social debts +€11,542
up €11,542 (+48.8%), from €23,633 to €35,174
of which Taxes: +€6,119
- Trade debts +€5,208
up €5,208 (+29.4%), from €17,720 to €22,927
- Reserves +€3,046
up €3,046 (+1.9%), from €161,844 to €164,890
of which Distributable reserves: +€3,046
- Staff costs +€29,179
up €29,179 (+15.4%), from €189,778 to €218,958
- Gross operating margin +€23,007
up €23,007 (+8.1%), from €285,109 to €308,116
- Other operating charges +€5,735
up €5,735 (+181.0%), from €3,168 to €8,903
- Taxes -€5,330
down €5,330 (-19.3%), from €27,634 to €22,304
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 | €223,196 | €273,256 | +€50,060 | +22.4% |
| Fixed assets | 21/28 | €47,672 | €51,774 | +€4,102 | +8.6% |
| Intangible fixed assets | 21 | - | €4,758 | +€4,758 | |
| Tangible fixed assets | 22/27 | €38,913 | €39,045 | +€132 | +0.3% |
| Plant, machinery and equipment | 23 | €1,553 | €994 | -€559 | -36.0% |
| Furniture and vehicles | 24 | €17,602 | €13,789 | -€3,813 | -21.7% |
| Other tangible fixed assets | 26 | €19,758 | €24,262 | +€4,504 | +22.8% |
| Financial fixed assets | 28 | €8,758 | €7,971 | -€787 | -9.0% |
| Current assets | 29/58 | €175,524 | €221,482 | +€45,957 | +26.2% |
| Amounts receivable within one year | 40/41 | €101,647 | €115,424 | +€13,777 | +13.6% |
| Trade receivables | 40 | €43,685 | €51,492 | +€7,807 | +17.9% |
| Other amounts receivable | 41 | €57,962 | €63,932 | +€5,970 | +10.3% |
| Current investments | 50/53 | - | €5,476 | +€5,476 | |
| Cash at bank and in hand | 54/58 | €68,774 | €82,321 | +€13,547 | +19.7% |
| Deferred charges and accrued income | 490/1 | €5,103 | €18,261 | +€13,157 | +257.8% |
| Total equity and liabilities | 10/49 | €223,196 | €273,256 | +€50,060 | +22.4% |
| Equity | 10/15 | €181,844 | €184,890 | +€3,046 | +1.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €161,844 | €164,890 | +€3,046 | +1.9% |
| Tax-exempt reserves | 132 | €448 | €448 | = | 0.0% |
| Distributable reserves | 133 | €161,396 | €164,442 | +€3,046 | +1.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €41,352 | €88,366 | +€47,013 | +113.7% |
| Amounts payable within one year | 42/48 | €41,352 | €88,366 | +€47,013 | +113.7% |
| Financial debts | 43 | - | €30,264 | +€30,264 | |
| Credit institutions | 430/8 | - | €30,264 | +€30,264 | |
| Trade debts | 44 | €17,720 | €22,927 | +€5,208 | +29.4% |
| Suppliers | 440/4 | €17,720 | €22,927 | +€5,208 | +29.4% |
| Taxes, remuneration and social security | 45 | €23,633 | €35,174 | +€11,542 | +48.8% |
| Taxes | 450/3 | €2,305 | €8,424 | +€6,119 | +265.5% |
| Remuneration and social security | 454/9 | €21,328 | €26,750 | +€5,422 | +25.4% |
| Remuneration, social security and pensions | 62 | €189,778 | €218,958 | +€29,179 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,156 | €8,012 | +€2,855 | +55.4% |
| Other operating charges | 640/8 | €3,168 | €8,903 | +€5,735 | +181.0% |
| Gross operating margin | 9900 | €285,109 | €308,116 | +€23,007 | +8.1% |
| Operating profit (loss) | 9901 | €87,007 | €72,244 | -€14,764 | -17.0% |
| Financial income | 75/76B | €2,739 | €767 | -€1,972 | -72.0% |
| Recurring financial income | 75 | €905 | €767 | -€138 | -15.2% |
| Non-recurring financial income | 76B | €1,834 | €0 | -€1,834 | -100.0% |
| Financial charges | 65/66B | €3,006 | €3,462 | +€456 | +15.2% |
| Recurring financial charges | 65 | €3,006 | €3,462 | +€456 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €86,740 | €69,549 | -€17,192 | -19.8% |
| Income taxes | 67/77 | €27,634 | €22,304 | -€5,330 | -19.3% |
| Profit (loss) for the period | 9904 | €59,107 | €47,245 | -€11,862 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,107 | €47,245 | -€11,862 | -20.1% |
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 8 October 2026 via checked.be.