QUIMESIS: 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.
QUIMESIS
Largest movements
- Tangible fixed assets -€3.4m
down €3.4m (-95.3%), from €3.6m to €168,100
of which Land and buildings: -€3.2m
- Current investments -€1.5m
no longer reported in 2025 (was €1.5m)
- Receivables within one year +€1.3m
up €1.3m (+88.9%), from €1.4m to €2.7m
of which Trade receivables: +€812,477
- Stocks and contracts +€364,003
new in 2025: €364,003
- Cash +€117,863
up €117,863 (+25.5%), from €462,390 to €580,253
mainly Investment in fixed assets (net) (+€3.3m) and Current investments (+€1.5m)
- Debts after one year -€2.9m
down €2.9m (-100%), from €2.9m to €0
- Profit (loss) carried forward +€2.2m
up €2.2m (+839%), from €258,120 to €2.4m
- Reserves -€1.5m
down €1.5m (-98.4%), from €1.5m to €24,000
of which Non-distributable reserves: -€1.5m
- Other debts -€1.2m
down €1.2m (-65.5%), from €1.8m to €612,277
- Tax, wage and social debts +€225,735
up €225,735 (+72.4%), from €311,894 to €537,629
of which Taxes: +€126,308
- Gross operating margin +€713,208
up €713,208 (+21.9%), from €3.3m to €4.0m
- Staff costs +€459,042
up €459,042 (+28.6%), from €1.6m to €2.1m
- Taxes +€384,078
up €384,078 (+653%), from €58,836 to €442,914
- Financial charges -€174,214
down €174,214 (-82.4%), from €211,431 to €37,217
- Depreciation -€117,710
down €117,710 (-46.1%), from €255,326 to €137,616
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 | €7,157,886 | €3,999,690 | -€3.2m | -44.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €3,774,797 | €354,032 | -€3.4m | -90.6% |
| Intangible fixed assets | 21 | €151,566 | €134,447 | -€17,119 | -11.3% |
| Tangible fixed assets | 22/27 | €3,571,746 | €168,100 | -€3.4m | -95.3% |
| Land and buildings | 22 | €3,152,340 | €0 | -€3.2m | -100% |
| Plant, machinery and equipment | 23 | €185,553 | €35,920 | -€149,633 | -80.6% |
| Furniture and vehicles | 24 | €130,692 | €132,180 | +€1,488 | +1.1% |
| Other tangible fixed assets | 26 | €103,161 | - | -€103,161 | |
| Financial fixed assets | 28 | €51,485 | €51,485 | = | 0.0% |
| Current assets | 29/58 | €3,383,089 | €3,645,658 | +€262,569 | +7.8% |
| Stocks and contracts in progress | 3 | - | €364,003 | +€364,003 | |
| Stocks | 30/36 | - | €364,003 | +€364,003 | |
| Amounts receivable within one year | 40/41 | €1,410,871 | €2,665,663 | +€1.3m | +88.9% |
| Trade receivables | 40 | €1,169,905 | €1,982,382 | +€812,477 | +69.4% |
| Other amounts receivable | 41 | €240,966 | €683,281 | +€442,315 | +184% |
| Current investments | 50/53 | €1,500,000 | - | -€1.5m | |
| Cash at bank and in hand | 54/58 | €462,390 | €580,253 | +€117,863 | +25.5% |
| Deferred charges and accrued income | 490/1 | €9,828 | €35,739 | +€25,911 | +264% |
| Total equity and liabilities | 10/49 | €7,157,886 | €3,999,690 | -€3.2m | -44.1% |
| Equity | 10/15 | €1,802,580 | €2,467,378 | +€664,798 | +36.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €1,524,000 | €24,000 | -€1.5m | -98.4% |
| Non-distributable reserves | 130/1 | €1,500,000 | €0 | -€1.5m | -100% |
| Own shares acquired | 1312 | €1,500,000 | €0 | -€1.5m | -100% |
| Distributable reserves | 133 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €258,120 | €2,422,918 | +€2.2m | +839% |
| Amounts payable | 17/49 | €5,355,306 | €1,532,312 | -€3.8m | -71.4% |
| Amounts payable after more than one year | 17 | €2,885,896 | €0 | -€2.9m | -100% |
| Financial debts | 170/4 | €2,885,896 | €0 | -€2.9m | -100% |
| Amounts payable within one year | 42/48 | €2,404,968 | €1,513,236 | -€891,732 | -37.1% |
| Financial debts | 43 | €165,465 | - | -€165,465 | |
| Credit institutions | 430/8 | €165,465 | - | -€165,465 | |
| Trade debts | 44 | €153,238 | €363,330 | +€210,092 | +137% |
| Suppliers | 440/4 | €153,238 | €363,330 | +€210,092 | +137% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €311,894 | €537,629 | +€225,735 | +72.4% |
| Taxes | 450/3 | €90,477 | €216,785 | +€126,308 | +140% |
| Remuneration and social security | 454/9 | €221,417 | €320,844 | +€99,427 | +44.9% |
| Other amounts payable | 47/48 | €1,774,371 | €612,277 | -€1.2m | -65.5% |
| Accrued charges and deferred income | 492/3 | €64,442 | €19,076 | -€45,366 | -70.4% |
| Non-recurring operating income | 76A | - | €312,047 | +€312,047 | |
| Remuneration, social security and pensions | 62 | €1,605,488 | €2,064,530 | +€459,042 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,326 | €137,616 | -€117,710 | -46.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,423 | - | -€20,423 | |
| Other operating charges | 640/8 | €1,186 | €18,645 | +€17,459 | +1,472% |
| Non-recurring operating charges | 66A | €334 | €0 | -€334 | -100% |
| Gross operating margin | 9900 | €3,258,905 | €3,972,113 | +€713,208 | +21.9% |
| Operating profit (loss) | 9901 | €1,376,148 | €1,751,322 | +€375,174 | +27.3% |
| Financial income | 75/76B | €123 | €5,884 | +€5,761 | +4,684% |
| Recurring financial income | 75 | €123 | €5,884 | +€5,761 | +4,684% |
| Financial charges | 65/66B | €211,431 | €37,217 | -€174,214 | -82.4% |
| Recurring financial charges | 65 | €211,431 | €37,217 | -€174,214 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | €1,164,840 | €1,719,989 | +€555,149 | +47.7% |
| Income taxes | 67/77 | €58,836 | €442,914 | +€384,078 | +653% |
| Profit (loss) for the period | 9904 | €1,106,004 | €1,277,075 | +€171,071 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,106,004 | €1,277,075 | +€171,071 | +15.5% |
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 19 October 2026 via checked.be.