QUIPPA: 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.
QUIPPA
Largest movements
- Current investments -€33,105
down €33,105 (-93.6%), from €35,383 to €2,278
- Tangible fixed assets -€32,778
down €32,778 (-2.9%), from €1.1m to €1.1m
- Profit (loss) carried forward -€53,428
down €53,428 (-87.9%), from -€60,803 to -€114,231
- Debts after one year -€12,559
down €12,559 (-1.0%), from €1.2m to €1.2m
- Financial charges +€34,102
up €34,102 (+118.1%), from €28,876 to €62,978
- Gross operating margin +€1,013
up €1,013 (+2.2%), from €45,524 to €46,538
- Purchases and services -€1,010
down €1,010 (-9.2%), from €10,930 to €9,920
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,158,209 | €1,092,383 | -€65,826 | -5.7% |
| Fixed assets | 21/28 | €1,122,677 | €1,089,899 | -€32,778 | -2.9% |
| Tangible fixed assets | 22/27 | €1,122,677 | €1,089,899 | -€32,778 | -2.9% |
| Land and buildings | 22 | €1,122,677 | €1,089,899 | -€32,778 | -2.9% |
| Current assets | 29/58 | €35,532 | €2,484 | -€33,048 | -93.0% |
| Current investments | 50/53 | €35,383 | €2,278 | -€33,105 | -93.6% |
| Deferred charges and accrued income | 490/1 | €149 | €206 | +€56 | +37.7% |
| Total equity and liabilities | 10/49 | €1,158,209 | €1,092,383 | -€65,826 | -5.7% |
| Equity | 10/15 | -€54,803 | -€108,231 | -€53,428 | -97.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,803 | -€114,231 | -€53,428 | -87.9% |
| Amounts payable | 17/49 | €1,213,012 | €1,200,614 | -€12,398 | -1.0% |
| Amounts payable after more than one year | 17 | €1,200,550 | €1,187,992 | -€12,559 | -1.0% |
| Financial debts | 170/4 | €1,200,550 | €1,187,992 | -€12,559 | -1.0% |
| Amounts payable within one year | 42/48 | €12,398 | €12,559 | +€161 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €12,398 | €12,559 | +€161 | +1.3% |
| Accrued charges and deferred income | 492/3 | €64 | €64 | = | 0.0% |
| Turnover | 70 | €56,454 | €56,457 | +€3 | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,930 | €9,920 | -€1,010 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,778 | €32,778 | = | 0.0% |
| Other operating charges | 640/8 | €4,475 | €4,210 | -€265 | -5.9% |
| Gross operating margin | 9900 | €45,524 | €46,538 | +€1,013 | +2.2% |
| Operating profit (loss) | 9901 | €8,272 | €9,550 | +€1,278 | +15.4% |
| Financial charges | 65/66B | €28,876 | €62,978 | +€34,102 | +118.1% |
| Recurring financial charges | 65 | €28,876 | €62,978 | +€34,102 | +118.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,604 | -€53,428 | -€32,824 | -159.3% |
| Profit (loss) for the period | 9904 | -€20,604 | -€53,428 | -€32,824 | -159.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,604 | -€53,428 | -€32,824 | -159.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.