QUIFACTUM: 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.
QUIFACTUM
Largest movements
- Intangible fixed assets -€33,598
down €33,598 (-31.0%), from €108,348 to €74,750
- Cash -€11,102
down €11,102 (-50.7%), from €21,912 to €10,810
mainly Net result for the year (-€191,603) and Investment in fixed assets (net) (-€3,499)
- Receivables within one year +€2,352
up €2,352 (+77.1%), from €3,051 to €5,403
of which Other amounts receivable: +€4,054
- Profit (loss) carried forward -€191,603
down €191,603 (-130.5%), from -€146,770 to -€338,373
- Debts after one year +€124,069
new in 2025: €124,069
- Tax, wage and social debts +€12,179
up €12,179 (+138.6%), from €8,789 to €20,968
of which Remuneration and social security: +€11,300
- Trade debts +€11,674
up €11,674 (+99.1%), from €11,783 to €23,457
- Staff costs +€44,668
up €44,668 (+87.1%), from €51,283 to €95,951
- Gross operating margin -€44,334
down €44,334 (-356.5%), from -€12,435 to -€56,769
- Financial income -€26,807
down €26,807 (-99.2%), from €27,013 to €206
- Depreciation -€3,810
down €3,810 (-9.0%), from €42,240 to €38,430
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 | €137,805 | €94,124 | -€43,681 | -31.7% |
| Fixed assets | 21/28 | €112,842 | €77,911 | -€34,931 | -31.0% |
| Intangible fixed assets | 21 | €108,348 | €74,750 | -€33,598 | -31.0% |
| Tangible fixed assets | 22/27 | €4,494 | €3,161 | -€1,333 | -29.7% |
| Plant, machinery and equipment | 23 | €4,494 | €3,161 | -€1,333 | -29.7% |
| Current assets | 29/58 | €24,963 | €16,213 | -€8,750 | -35.1% |
| Amounts receivable within one year | 40/41 | €3,051 | €5,403 | +€2,352 | +77.1% |
| Trade receivables | 40 | €1,702 | €0 | -€1,702 | -100.0% |
| Other amounts receivable | 41 | €1,349 | €5,403 | +€4,054 | +300.4% |
| Cash at bank and in hand | 54/58 | €21,912 | €10,810 | -€11,102 | -50.7% |
| Total equity and liabilities | 10/49 | €137,805 | €94,124 | -€43,681 | -31.7% |
| Equity | 10/15 | €117,233 | -€74,370 | -€191,603 | |
| Contributions | 10/11 | €260,105 | €260,105 | = | 0.0% |
| Reserves | 13 | €3,898 | €3,898 | +€0 | 0.0% |
| Distributable reserves | 133 | €3,898 | €3,898 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€146,770 | -€338,373 | -€191,603 | -130.5% |
| Amounts payable | 17/49 | €20,572 | €168,494 | +€147,922 | +719.0% |
| Amounts payable after more than one year | 17 | - | €124,069 | +€124,069 | |
| Financial debts | 170/4 | - | €124,069 | +€124,069 | |
| Amounts payable within one year | 42/48 | €20,572 | €44,425 | +€23,853 | +115.9% |
| Trade debts | 44 | €11,783 | €23,457 | +€11,674 | +99.1% |
| Suppliers | 440/4 | €11,783 | €23,457 | +€11,674 | +99.1% |
| Taxes, remuneration and social security | 45 | €8,789 | €20,968 | +€12,179 | +138.6% |
| Taxes | 450/3 | - | €879 | +€879 | |
| Remuneration and social security | 454/9 | €8,789 | €20,089 | +€11,300 | +128.6% |
| Remuneration, social security and pensions | 62 | €51,283 | €95,951 | +€44,668 | +87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,240 | €38,430 | -€3,810 | -9.0% |
| Other operating charges | 640/8 | €499 | €513 | +€14 | +2.7% |
| Gross operating margin | 9900 | -€12,435 | -€56,769 | -€44,334 | -356.5% |
| Operating profit (loss) | 9901 | -€106,458 | -€191,663 | -€85,205 | -80.0% |
| Financial income | 75/76B | €27,013 | €206 | -€26,807 | -99.2% |
| Recurring financial income | 75 | €27,013 | €206 | -€26,807 | -99.2% |
| Financial charges | 65/66B | €148 | €146 | -€2 | -1.2% |
| Recurring financial charges | 65 | €148 | €146 | -€2 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€79,593 | -€191,603 | -€112,010 | -140.7% |
| Profit (loss) for the period | 9904 | -€79,593 | -€191,603 | -€112,010 | -140.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,593 | -€191,603 | -€112,010 | -140.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.