Qumas: 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.
Qumas
Largest movements
- Cash +€53,769
up €53,769 (+53.7%), from €100,076 to €153,844
mainly Net result for the year (+€85,495) and Tax, wage and social debts (+€3,972)
- Receivables after one year +€15,000
up €15,000 (+12.7%), from €118,000 to €133,000
- Financial fixed assets +€13,585
new in 2025: €13,585
- Receivables within one year +€6,835
up €6,835 (+280%), from €2,438 to €9,274
- Reserves +€85,495
up €85,495 (+45.0%), from €190,097 to €275,592
of which Distributable reserves: +€85,495
- Tax, wage and social debts +€3,972
up €3,972 (+14.2%), from €28,006 to €31,978
- Gross operating margin +€7,740
up €7,740 (+7.9%), from €98,154 to €105,894
- Taxes +€3,821
up €3,821 (+19.2%), from €19,862 to €23,683
- Financial income +€3,066
up €3,066 (+126%), from €2,438 to €5,504
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 | €223,431 | €311,764 | +€88,332 | +39.5% |
| Fixed assets | 21/28 | €2,917 | €15,646 | +€12,728 | +436% |
| Tangible fixed assets | 22/27 | €2,917 | €2,061 | -€856 | -29.4% |
| Plant, machinery and equipment | 23 | €2,917 | €2,061 | -€856 | -29.4% |
| Financial fixed assets | 28 | - | €13,585 | +€13,585 | |
| Current assets | 29/58 | €220,514 | €296,118 | +€75,604 | +34.3% |
| Amounts receivable after more than one year | 29 | €118,000 | €133,000 | +€15,000 | +12.7% |
| Other amounts receivable | 291 | €118,000 | €133,000 | +€15,000 | +12.7% |
| Amounts receivable within one year | 40/41 | €2,438 | €9,274 | +€6,835 | +280% |
| Other amounts receivable | 41 | €2,438 | €9,274 | +€6,835 | +280% |
| Cash at bank and in hand | 54/58 | €100,076 | €153,844 | +€53,769 | +53.7% |
| Total equity and liabilities | 10/49 | €223,431 | €311,764 | +€88,332 | +39.5% |
| Equity | 10/15 | €191,597 | €277,092 | +€85,495 | +44.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €190,097 | €275,592 | +€85,495 | +45.0% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €147,997 | €233,492 | +€85,495 | +57.8% |
| Amounts payable | 17/49 | €31,835 | €34,672 | +€2,837 | +8.9% |
| Amounts payable after more than one year | 17 | €1,880 | - | -€1,880 | |
| Other amounts payable | 178/9 | €1,880 | - | -€1,880 | |
| Amounts payable within one year | 42/48 | €29,954 | €34,672 | +€4,718 | +15.7% |
| Trade debts | 44 | €1,347 | €2,694 | +€1,347 | +100.0% |
| Suppliers | 440/4 | €1,347 | €2,694 | +€1,347 | +100.0% |
| Taxes, remuneration and social security | 45 | €28,006 | €31,978 | +€3,972 | +14.2% |
| Taxes | 450/3 | €28,006 | €31,978 | +€3,972 | +14.2% |
| Other amounts payable | 47/48 | €601 | - | -€601 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €575 | €856 | +€282 | +49.0% |
| Other operating charges | 640/8 | €970 | €1,207 | +€237 | +24.4% |
| Non-recurring operating charges | 66A | €3,326 | - | -€3,326 | |
| Gross operating margin | 9900 | €98,154 | €105,894 | +€7,740 | +7.9% |
| Operating profit (loss) | 9901 | €93,284 | €103,830 | +€10,546 | +11.3% |
| Financial income | 75/76B | €2,438 | €5,504 | +€3,066 | +126% |
| Recurring financial income | 75 | €2,438 | €5,504 | +€3,066 | +126% |
| Financial charges | 65/66B | €324 | €157 | -€167 | -51.5% |
| Recurring financial charges | 65 | €324 | €157 | -€167 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €95,398 | €109,177 | +€13,779 | +14.4% |
| Income taxes | 67/77 | €19,862 | €23,683 | +€3,821 | +19.2% |
| Profit (loss) for the period | 9904 | €75,537 | €85,495 | +€9,958 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,537 | €85,495 | +€9,958 | +13.2% |
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 18 October 2026 via checked.be.