QUIMALO: 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.
QUIMALO
Largest movements
- Cash +€86,194
up €86,194 (+92.8%), from €92,860 to €179,054
mainly Net result for the year (+€118,917) and Current investments (+€42,954)
- Current investments -€42,954
down €42,954 (-71.8%), from €59,819 to €16,865
- Receivables within one year +€19,049
up €19,049, from €0 to €19,049
of which Trade receivables: +€18,750
- Reserves +€61,917
up €61,917 (+104%), from €59,509 to €121,427
of which Distributable reserves: +€61,917
- Other debts -€21,496
down €21,496 (-38.4%), from €56,004 to €34,507
- Tax, wage and social debts +€12,736
up €12,736 (+78.9%), from €16,135 to €28,871
of which Taxes: +€12,736
- Trade debts +€7,998
up €7,998 (+212%), from €3,776 to €11,774
- Financial income +€38,670
up €38,670 (+44,418%), from €87 to €38,757
- Gross operating margin +€30,256
up €30,256 (+34.7%), from €87,126 to €117,382
- Taxes +€18,748
up €18,748 (+113%), from €16,573 to €35,321
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.
Derived cash bridge
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 | €154,024 | €215,179 | +€61,155 | +39.7% |
| Fixed assets | 21/28 | €1,344 | €211 | -€1,134 | -84.3% |
| Tangible fixed assets | 22/27 | €1,344 | €211 | -€1,134 | -84.3% |
| Furniture and vehicles | 24 | €1,344 | €211 | -€1,134 | -84.3% |
| Current assets | 29/58 | €152,680 | €214,968 | +€62,289 | +40.8% |
| Amounts receivable within one year | 40/41 | €0 | €19,049 | +€19,049 | |
| Trade receivables | 40 | €0 | €18,750 | +€18,750 | |
| Other amounts receivable | 41 | €0 | €299 | +€299 | |
| Current investments | 50/53 | €59,819 | €16,865 | -€42,954 | -71.8% |
| Cash at bank and in hand | 54/58 | €92,860 | €179,054 | +€86,194 | +92.8% |
| Total equity and liabilities | 10/49 | €154,024 | €215,179 | +€61,155 | +39.7% |
| Equity | 10/15 | €78,109 | €140,027 | +€61,917 | +79.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,509 | €121,427 | +€61,917 | +104% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €57,649 | €119,567 | +€61,917 | +107% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €75,915 | €75,152 | -€763 | -1.0% |
| Amounts payable within one year | 42/48 | €75,915 | €75,152 | -€763 | -1.0% |
| Trade debts | 44 | €3,776 | €11,774 | +€7,998 | +212% |
| Suppliers | 440/4 | €3,776 | €11,774 | +€7,998 | +212% |
| Taxes, remuneration and social security | 45 | €16,135 | €28,871 | +€12,736 | +78.9% |
| Taxes | 450/3 | €16,135 | €28,871 | +€12,736 | +78.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €56,004 | €34,507 | -€21,496 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,134 | €1,134 | = | 0.0% |
| Other operating charges | 640/8 | €1,056 | €694 | -€362 | -34.3% |
| Gross operating margin | 9900 | €87,126 | €117,382 | +€30,256 | +34.7% |
| Operating profit (loss) | 9901 | €84,936 | €115,554 | +€30,618 | +36.0% |
| Financial income | 75/76B | €87 | €38,757 | +€38,670 | +44,418% |
| Recurring financial income | 75 | €87 | €38,757 | +€38,670 | +44,418% |
| Financial charges | 65/66B | €164 | €73 | -€91 | -55.8% |
| Recurring financial charges | 65 | €164 | €73 | -€91 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €84,859 | €154,238 | +€69,379 | +81.8% |
| Income taxes | 67/77 | €16,573 | €35,321 | +€18,748 | +113% |
| Profit (loss) for the period | 9904 | €68,286 | €118,917 | +€50,631 | +74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,286 | €118,917 | +€50,631 | +74.1% |
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 14 October 2026 via checked.be.