QUIM: 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.
QUIM
Largest movements
- Cash +€87,127
up €87,127 (+196.2%), from €44,418 to €131,545
mainly Receivables within one year (+€84,597) and Net result for the year (+€70,884)
- Receivables within one year -€84,597
down €84,597 (-83.1%), from €101,800 to €17,202
of which Trade receivables: -€44,643
- Tangible fixed assets +€10,893
up €10,893 (+1925.0%), from €566 to €11,459
of which Other tangible fixed assets: +€11,459
- Reserves +€23,825
up €23,825 (+21.4%), from €111,565 to €135,390
- Tax, wage and social debts -€13,045
down €13,045 (-61.5%), from €21,217 to €8,172
of which Taxes: -€8,620
- Other debts +€3,294
up €3,294 (+44.8%), from €7,351 to €10,645
- Trade debts -€3,085
down €3,085 (-74.4%), from €4,146 to €1,061
- Gross operating margin +€56,295
up €56,295 (+133.7%), from €42,120 to €98,415
- Taxes +€13,989
up €13,989 (+127.6%), from €10,965 to €24,954
- Financial income +€1,500
new in 2025: €1,500
- Depreciation +€1,427
up €1,427 (+172.7%), from €826 to €2,253
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 | €149,279 | €161,406 | +€12,127 | +8.1% |
| Fixed assets | 21/28 | €1,066 | €11,459 | +€10,393 | +975.1% |
| Tangible fixed assets | 22/27 | €566 | €11,459 | +€10,893 | +1925.0% |
| Furniture and vehicles | 24 | €566 | - | -€566 | |
| Other tangible fixed assets | 26 | - | €11,459 | +€11,459 | |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €148,213 | €149,946 | +€1,733 | +1.2% |
| Amounts receivable within one year | 40/41 | €101,800 | €17,202 | -€84,597 | -83.1% |
| Trade receivables | 40 | €61,800 | €17,157 | -€44,643 | -72.2% |
| Other amounts receivable | 41 | €40,000 | €46 | -€39,954 | -99.9% |
| Cash at bank and in hand | 54/58 | €44,418 | €131,545 | +€87,127 | +196.2% |
| Deferred charges and accrued income | 490/1 | €1,996 | €1,200 | -€796 | -39.9% |
| Total equity and liabilities | 10/49 | €149,279 | €161,406 | +€12,127 | +8.1% |
| Equity | 10/15 | €116,565 | €140,390 | +€23,825 | +20.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €111,565 | €135,390 | +€23,825 | +21.4% |
| Distributable reserves | 133 | €111,565 | €135,390 | +€23,825 | +21.4% |
| Amounts payable | 17/49 | €32,714 | €21,016 | -€11,698 | -35.8% |
| Amounts payable within one year | 42/48 | €32,714 | €19,879 | -€12,835 | -39.2% |
| Trade debts | 44 | €4,146 | €1,061 | -€3,085 | -74.4% |
| Suppliers | 440/4 | €4,146 | €1,061 | -€3,085 | -74.4% |
| Taxes, remuneration and social security | 45 | €21,217 | €8,172 | -€13,045 | -61.5% |
| Taxes | 450/3 | €16,792 | €8,172 | -€8,620 | -51.3% |
| Remuneration and social security | 454/9 | €4,425 | - | -€4,425 | |
| Other amounts payable | 47/48 | €7,351 | €10,645 | +€3,294 | +44.8% |
| Accrued charges and deferred income | 492/3 | - | €1,137 | +€1,137 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €826 | €2,253 | +€1,427 | +172.7% |
| Other operating charges | 640/8 | €679 | €657 | -€22 | -3.2% |
| Gross operating margin | 9900 | €42,120 | €98,415 | +€56,295 | +133.7% |
| Operating profit (loss) | 9901 | €40,615 | €95,505 | +€54,890 | +135.1% |
| Financial income | 75/76B | - | €1,500 | +€1,500 | |
| Recurring financial income | 75 | - | €1,500 | +€1,500 | |
| Financial charges | 65/66B | €352 | €1,167 | +€815 | +231.6% |
| Recurring financial charges | 65 | €352 | €1,167 | +€815 | +231.6% |
| Profit (loss) for the period before taxes | 9903 | €40,263 | €95,838 | +€55,575 | +138.0% |
| Income taxes | 67/77 | €10,965 | €24,954 | +€13,989 | +127.6% |
| Profit (loss) for the period | 9904 | €29,298 | €70,884 | +€41,586 | +141.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,298 | €70,884 | +€41,586 | +141.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.