QUIRINUS: 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.
QUIRINUS
Largest movements
- Tangible fixed assets -€3,288
no longer reported in 2025 (was €3,288)
- Receivables within one year -€3,158
down €3,158 (-1.4%), from €222,449 to €219,291
- Tax, wage and social debts +€213,881
new in 2025: €213,881
- Reserves -€166,278
down €166,278 (-99.2%), from €167,578 to €1,300
of which Tax-exempt reserves: -€166,278
- Provisions -€85,659
no longer reported in 2025 (was €85,659)
- Profit (loss) carried forward +€37,203
up €37,203 (+31.8%), from -€117,049 to -€79,846
- Trade debts -€3,008
down €3,008 (-49.8%), from €6,040 to €3,033
- Gross operating margin +€246,988
up €246,988 (+4202.3%), from €5,877 to €252,866
- Taxes +€183,060
new in 2025: €183,060
- Financial charges +€26,914
up €26,914 (+4404.4%), from €611 to €27,525
- Other operating charges +€4,420
up €4,420 (+672.5%), from €657 to €5,077
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 | €227,531 | €221,323 | -€6,208 | -2.7% |
| Fixed assets | 21/28 | €5,082 | €1,794 | -€3,288 | -64.7% |
| Tangible fixed assets | 22/27 | €3,288 | - | -€3,288 | |
| Other tangible fixed assets | 26 | €3,288 | - | -€3,288 | |
| Financial fixed assets | 28 | €1,794 | €1,794 | = | 0.0% |
| Current assets | 29/58 | €222,449 | €219,529 | -€2,920 | -1.3% |
| Amounts receivable within one year | 40/41 | €222,449 | €219,291 | -€3,158 | -1.4% |
| Other amounts receivable | 41 | €222,449 | €219,291 | -€3,158 | -1.4% |
| Cash at bank and in hand | 54/58 | - | €238 | +€238 | |
| Total equity and liabilities | 10/49 | €227,531 | €221,323 | -€6,208 | -2.7% |
| Equity | 10/15 | €112,530 | -€16,546 | -€129,076 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €167,578 | €1,300 | -€166,278 | -99.2% |
| Non-distributable reserves | 130/1 | €1,300 | €1,300 | = | 0.0% |
| Legal reserve | 130 | €1,300 | €1,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €166,278 | - | -€166,278 | |
| Profit (loss) carried forward | 14 | -€117,049 | -€79,846 | +€37,203 | +31.8% |
| Provisions and deferred taxes | 16 | €85,659 | - | -€85,659 | |
| Deferred taxes | 168 | €85,659 | - | -€85,659 | |
| Amounts payable | 17/49 | €29,343 | €237,869 | +€208,526 | +710.7% |
| Amounts payable within one year | 42/48 | €29,343 | €237,869 | +€208,526 | +710.7% |
| Financial debts | 43 | €2,347 | - | -€2,347 | |
| Credit institutions | 430/8 | €2,347 | - | -€2,347 | |
| Trade debts | 44 | €6,040 | €3,033 | -€3,008 | -49.8% |
| Suppliers | 440/4 | €6,040 | €3,033 | -€3,008 | -49.8% |
| Taxes, remuneration and social security | 45 | - | €213,881 | +€213,881 | |
| Taxes | 450/3 | - | €213,881 | +€213,881 | |
| Other amounts payable | 47/48 | €20,955 | €20,955 | = | 0.0% |
| Other operating charges | 640/8 | €657 | €5,077 | +€4,420 | +672.5% |
| Gross operating margin | 9900 | €5,877 | €252,866 | +€246,988 | +4202.3% |
| Operating profit (loss) | 9901 | €5,220 | €247,788 | +€242,568 | +4646.7% |
| Financial charges | 65/66B | €611 | €27,525 | +€26,914 | +4404.4% |
| Recurring financial charges | 65 | €611 | €27,525 | +€26,914 | +4404.4% |
| Profit (loss) for the period before taxes | 9903 | €4,609 | €220,263 | +€215,654 | +4678.8% |
| Income taxes | 67/77 | - | €183,060 | +€183,060 | |
| Profit (loss) for the period | 9904 | €4,609 | €37,203 | +€32,594 | +707.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,609 | €37,203 | +€32,594 | +707.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.