QUIPROQUO: what changed
What changed
QUIPROQUO
filed annual accounts (NBB)
Net result for the year
€9,555
2024 · €6,829+€2,726
Equity
€40,684
2024 · €31,129+€9,555
Cash
€41,000
2024 · €41,000
Balance sheet total
€639,471
2024 · €686,551-€47,080
Largest movements
Assets
- Tangible fixed assets -€46,843
down €46,843 (-7.4%), from €634,479 to €587,636
of which Land and buildings: -€46,265
Equity and liabilities
- Debts after one year -€62,262
down €62,262 (-13.5%), from €461,335 to €399,073
- Profit (loss) carried forward +€11,290
up €11,290 (+34.0%), from -€33,253 to -€21,963
Income statement
- Financial charges -€1,373
down €1,373 (-7.5%), from €18,391 to €17,018
- Depreciation -€950
down €950 (-2.0%), from €48,056 to €47,107
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6,829
Gross operating margin
+€383
Depreciation
+€950
Other operating charges
+€20
Financial charges
+€1,373
Result 2025
€9,555
raises the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€59,710
Investment
€0
Financing
-€59,710
Cash 2024
€41,000
From operations (derived)
+€59,710
Net result for the year
+€9,555
Depreciation
+€47,107
Smaller working-capital items
+€40
Provisions
-€578
Other debts
+€3,588
Financing
-€59,710
Debts after one year
-€62,262
Current portion of long-term debt
+€2,062
Short-term financial debts
+€489
Cash 2025
€41,000
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €686,551 | €639,471 | -€47,080 | -6.9% |
| Formation expenses | 20 | €1,029 | €766 | -€263 | -25.6% |
| Fixed assets | 21/28 | €634,479 | €587,636 | -€46,843 | -7.4% |
| Tangible fixed assets | 22/27 | €634,479 | €587,636 | -€46,843 | -7.4% |
| Land and buildings | 22 | €631,926 | €585,661 | -€46,265 | -7.3% |
| Other tangible fixed assets | 26 | €2,553 | €1,974 | -€578 | -22.7% |
| Current assets | 29/58 | €51,043 | €51,070 | +€27 | +0.1% |
| Amounts receivable within one year | 40/41 | €8,610 | €8,610 | = | 0.0% |
| Trade receivables | 40 | €8,610 | €8,610 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,000 | €41,000 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,433 | €1,460 | +€27 | +1.9% |
| Total equity and liabilities | 10/49 | €686,551 | €639,471 | -€47,080 | -6.9% |
| Equity | 10/15 | €31,129 | €40,684 | +€9,555 | +30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,782 | €44,047 | -€1,735 | -3.8% |
| Tax-exempt reserves | 132 | €44,987 | €43,252 | -€1,735 | -3.9% |
| Distributable reserves | 133 | €795 | €795 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,253 | -€21,963 | +€11,290 | +34.0% |
| Provisions and deferred taxes | 16 | €14,996 | €14,417 | -€578 | -3.9% |
| Deferred taxes | 168 | €14,996 | €14,417 | -€578 | -3.9% |
| Amounts payable | 17/49 | €640,426 | €584,370 | -€56,056 | -8.8% |
| Amounts payable after more than one year | 17 | €461,335 | €399,073 | -€62,262 | -13.5% |
| Financial debts | 170/4 | €461,335 | €399,073 | -€62,262 | -13.5% |
| Amounts payable within one year | 42/48 | €178,091 | €184,297 | +€6,205 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €58,230 | €60,293 | +€2,062 | +3.5% |
| Financial debts | 43 | €3,174 | €3,663 | +€489 | +15.4% |
| Credit institutions | 430/8 | €3,174 | €3,663 | +€489 | +15.4% |
| Trade debts | 44 | €8,610 | €8,610 | = | 0.0% |
| Suppliers | 440/4 | €8,610 | €8,610 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €66 | +€66 | |
| Taxes | 450/3 | - | €66 | +€66 | |
| Other amounts payable | 47/48 | €108,077 | €111,665 | +€3,588 | +3.3% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Non-recurring operating income | 76A | €105 | - | -€105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,056 | €47,107 | -€950 | -2.0% |
| Other operating charges | 640/8 | €20 | - | -€20 | |
| Gross operating margin | 9900 | €72,717 | €73,101 | +€383 | +0.5% |
| Operating profit (loss) | 9901 | €24,641 | €25,994 | +€1,353 | +5.5% |
| Financial charges | 65/66B | €18,391 | €17,018 | -€1,373 | -7.5% |
| Recurring financial charges | 65 | €18,391 | €17,018 | -€1,373 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €6,250 | €8,976 | +€2,726 | +43.6% |
| Transfer from deferred taxes | 780 | €578 | €578 | = | 0.0% |
| Profit (loss) for the period | 9904 | €6,829 | €9,555 | +€2,726 | +39.9% |
| Transfer from tax-exempt reserves | 789 | €1,735 | €1,735 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,564 | €11,290 | +€2,726 | +31.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.