QUMAR: 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.
QUMAR
Largest movements
- Cash -€3,719
down €3,719 (-14.3%), from €25,948 to €22,229
mainly Net result for the year (-€5,216) and Accrued charges and deferred income (-€412)
- Tangible fixed assets -€446
down €446 (-50.1%), from €891 to €445
- Profit (loss) carried forward -€5,216
down €5,216 (-49.6%), from €10,519 to €5,303
- Trade debts +€1,299
up €1,299 (+189.6%), from €685 to €1,984
- Accrued charges and deferred income -€412
down €412 (-5.3%), from €7,832 to €7,420
- Other operating charges +€5,050
up €5,050 (+738.5%), from €684 to €5,733
- Gross operating margin +€3,491
up €3,491, from -€2,697 to €794
- Financial charges +€321
up €321 (+40.0%), from €802 to €1,123
- Taxes +€34
up €34 (+11.2%), from €306 to €340
- Financial income +€33
up €33 (+2.1%), from €1,599 to €1,632
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 | €40,116 | €35,843 | -€4,273 | -10.7% |
| Fixed assets | 21/28 | €891 | €445 | -€446 | -50.1% |
| Tangible fixed assets | 22/27 | €891 | €445 | -€446 | -50.1% |
| Plant, machinery and equipment | 23 | €891 | €445 | -€446 | -50.1% |
| Current assets | 29/58 | €39,225 | €35,398 | -€3,827 | -9.8% |
| Stocks and contracts in progress | 3 | €10,407 | €10,558 | +€151 | +1.4% |
| Stocks | 30/36 | €10,407 | €10,558 | +€151 | +1.4% |
| Amounts receivable within one year | 40/41 | €1,858 | €1,911 | +€53 | +2.8% |
| Other amounts receivable | 41 | €1,858 | €1,911 | +€53 | +2.8% |
| Cash at bank and in hand | 54/58 | €25,948 | €22,229 | -€3,719 | -14.3% |
| Deferred charges and accrued income | 490/1 | €1,012 | €701 | -€311 | -30.8% |
| Total equity and liabilities | 10/49 | €40,116 | €35,843 | -€4,273 | -10.7% |
| Equity | 10/15 | €30,169 | €24,953 | -€5,216 | -17.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,050 | €1,050 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,050 | €1,050 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,050 | €1,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,519 | €5,303 | -€5,216 | -49.6% |
| Amounts payable | 17/49 | €9,947 | €10,890 | +€943 | +9.5% |
| Amounts payable within one year | 42/48 | €2,115 | €3,471 | +€1,355 | +64.1% |
| Trade debts | 44 | €685 | €1,984 | +€1,299 | +189.6% |
| Suppliers | 440/4 | €685 | €1,984 | +€1,299 | +189.6% |
| Taxes, remuneration and social security | 45 | €1,430 | €1,487 | +€56 | +3.9% |
| Taxes | 450/3 | €1,430 | €1,487 | +€56 | +3.9% |
| Accrued charges and deferred income | 492/3 | €7,832 | €7,420 | -€412 | -5.3% |
| Non-recurring operating income | 76A | €11,000 | - | -€11,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €446 | €446 | = | 0.0% |
| Other operating charges | 640/8 | €684 | €5,733 | +€5,050 | +738.5% |
| Gross operating margin | 9900 | -€2,697 | €794 | +€3,491 | |
| Operating profit (loss) | 9901 | -€3,827 | -€5,385 | -€1,558 | -40.7% |
| Financial income | 75/76B | €1,599 | €1,632 | +€33 | +2.1% |
| Recurring financial income | 75 | €1,599 | €1,632 | +€33 | +2.1% |
| Financial charges | 65/66B | €802 | €1,123 | +€321 | +40.0% |
| Recurring financial charges | 65 | €802 | €1,123 | +€321 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,030 | -€4,877 | -€1,846 | -60.9% |
| Income taxes | 67/77 | €306 | €340 | +€34 | +11.2% |
| Profit (loss) for the period | 9904 | -€3,336 | -€5,216 | -€1,880 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,336 | -€5,216 | -€1,880 | -56.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.