QUIJO: 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.
QUIJO
Largest movements
- Cash +€81,135
up €81,135 (+92.6%), from €87,589 to €168,724
mainly Net result for the year (+€157,245) and Tax, wage and social debts (+€26,109)
- Stocks and contracts +€58,731
up €58,731 (+5.7%), from €1.0m to €1.1m
- Receivables within one year +€28,207
up €28,207 (+249.6%), from €11,299 to €39,507
of which Trade receivables: +€28,467
- Tangible fixed assets -€18,776
down €18,776 (-26.3%), from €71,357 to €52,581
of which Other tangible fixed assets: -€11,188
- Deferred charges and accrued income -€18,713
down €18,713 (-86.6%), from €21,621 to €2,908
- Reserves +€109,946
up €109,946 (+10.2%), from €1.1m to €1.2m
of which Distributable reserves: +€109,946
- Tax, wage and social debts +€26,109
up €26,109 (+31.9%), from €81,726 to €107,835
of which Taxes: +€27,790
- Gross operating margin +€77,951
up €77,951 (+26.1%), from €298,407 to €376,358
- Taxes +€42,202
up €42,202 (+118.7%), from €35,542 to €77,743
- Staff costs -€38,862
down €38,862 (-25.1%), from €154,982 to €116,120
- Depreciation -€11,745
down €11,745 (-38.1%), from €30,847 to €19,102
- Financial charges -€4,190
down €4,190 (-64.2%), from €6,529 to €2,339
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 | €1,226,640 | €1,356,897 | +€130,258 | +10.6% |
| Fixed assets | 21/28 | €74,684 | €55,582 | -€19,102 | -25.6% |
| Intangible fixed assets | 21 | €813 | €487 | -€326 | -40.1% |
| Tangible fixed assets | 22/27 | €71,357 | €52,581 | -€18,776 | -26.3% |
| Plant, machinery and equipment | 23 | €24,001 | €18,120 | -€5,881 | -24.5% |
| Furniture and vehicles | 24 | €2,409 | €701 | -€1,708 | -70.9% |
| Other tangible fixed assets | 26 | €44,946 | €33,759 | -€11,188 | -24.9% |
| Financial fixed assets | 28 | €2,515 | €2,515 | = | 0.0% |
| Current assets | 29/58 | €1,151,955 | €1,301,315 | +€149,360 | +13.0% |
| Stocks and contracts in progress | 3 | €1,031,446 | €1,090,177 | +€58,731 | +5.7% |
| Stocks | 30/36 | €1,031,446 | €1,090,177 | +€58,731 | +5.7% |
| Amounts receivable within one year | 40/41 | €11,299 | €39,507 | +€28,207 | +249.6% |
| Trade receivables | 40 | €9,997 | €38,464 | +€28,467 | +284.7% |
| Other amounts receivable | 41 | €1,302 | €1,042 | -€260 | -19.9% |
| Cash at bank and in hand | 54/58 | €87,589 | €168,724 | +€81,135 | +92.6% |
| Deferred charges and accrued income | 490/1 | €21,621 | €2,908 | -€18,713 | -86.6% |
| Total equity and liabilities | 10/49 | €1,226,640 | €1,356,897 | +€130,258 | +10.6% |
| Equity | 10/15 | €1,098,824 | €1,208,770 | +€109,946 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,080,224 | €1,190,170 | +€109,946 | +10.2% |
| Tax-exempt reserves | 132 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €1,075,266 | €1,185,212 | +€109,946 | +10.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €127,816 | €148,127 | +€20,311 | +15.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €127,816 | €148,127 | +€20,311 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €2,405 | €0 | -€2,405 | -100.0% |
| Financial debts | 43 | €1,936 | €1,930 | -€6 | -0.3% |
| Credit institutions | 430/8 | €1,936 | €1,930 | -€6 | -0.3% |
| Trade debts | 44 | €35,661 | €32,645 | -€3,016 | -8.5% |
| Suppliers | 440/4 | €35,661 | €32,645 | -€3,016 | -8.5% |
| Advances received on contracts in progress | 46 | €1,000 | €0 | -€1,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €81,726 | €107,835 | +€26,109 | +31.9% |
| Taxes | 450/3 | €63,005 | €90,795 | +€27,790 | +44.1% |
| Remuneration and social security | 454/9 | €18,721 | €17,040 | -€1,681 | -9.0% |
| Other amounts payable | 47/48 | €5,088 | €5,717 | +€629 | +12.4% |
| Remuneration, social security and pensions | 62 | €154,982 | €116,120 | -€38,862 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,847 | €19,102 | -€11,745 | -38.1% |
| Other operating charges | 640/8 | €3,245 | €3,808 | +€563 | +17.3% |
| Gross operating margin | 9900 | €298,407 | €376,358 | +€77,951 | +26.1% |
| Operating profit (loss) | 9901 | €109,333 | €237,328 | +€127,995 | +117.1% |
| Financial income | 75/76B | €234 | €0 | -€234 | -100.0% |
| Recurring financial income | 75 | €234 | €0 | -€234 | -100.0% |
| Financial charges | 65/66B | €6,529 | €2,339 | -€4,190 | -64.2% |
| Recurring financial charges | 65 | €6,529 | €2,339 | -€4,190 | -64.2% |
| Profit (loss) for the period before taxes | 9903 | €103,037 | €234,989 | +€131,951 | +128.1% |
| Income taxes | 67/77 | €35,542 | €77,743 | +€42,202 | +118.7% |
| Profit (loss) for the period | 9904 | €67,496 | €157,245 | +€89,750 | +133.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,496 | €157,245 | +€89,750 | +133.0% |
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 9 October 2026 via checked.be.