Quvicon: 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.
Quvicon
Largest movements
- Cash +€271,095
up €271,095 (+853.7%), from €31,756 to €302,851
mainly Net result for the year (+€217,466) and Current investments (+€100,000)
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Receivables within one year +€15,191
up €15,191 (+50.0%), from €30,389 to €45,579
of which Trade receivables: +€15,191
- Tangible fixed assets -€12,954
down €12,954 (-1.5%), from €880,930 to €867,975
of which Land and buildings: -€12,011
- Reserves +€142,266
up €142,266 (+22.5%), from €630,923 to €773,190
of which Distributable reserves: +€144,681
- Other debts +€52,661
up €52,661 (+106.8%), from €49,329 to €101,990
- Debts after one year -€13,164
down €13,164 (-4.7%), from €281,917 to €268,754
- Gross operating margin +€85,769
up €85,769 (+32.6%), from €263,146 to €348,915
- Taxes +€27,962
up €27,962 (+40.0%), from €69,821 to €97,784
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 | €1,045,729 | €1,219,090 | +€173,360 | +16.6% |
| Fixed assets | 21/28 | €880,930 | €867,975 | -€12,954 | -1.5% |
| Tangible fixed assets | 22/27 | €880,930 | €867,975 | -€12,954 | -1.5% |
| Land and buildings | 22 | €874,652 | €862,640 | -€12,011 | -1.4% |
| Furniture and vehicles | 24 | €6,278 | €5,335 | -€943 | -15.0% |
| Current assets | 29/58 | €164,800 | €351,114 | +€186,315 | +113.1% |
| Amounts receivable after more than one year | 29 | €1,800 | €1,800 | = | 0.0% |
| Other amounts receivable | 291 | €1,800 | €1,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,389 | €45,579 | +€15,191 | +50.0% |
| Trade receivables | 40 | €15,389 | €30,579 | +€15,191 | +98.7% |
| Other amounts receivable | 41 | €15,000 | €15,000 | = | 0.0% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €31,756 | €302,851 | +€271,095 | +853.7% |
| Deferred charges and accrued income | 490/1 | €855 | €884 | +€29 | +3.4% |
| Total equity and liabilities | 10/49 | €1,045,729 | €1,219,090 | +€173,360 | +16.6% |
| Equity | 10/15 | €643,323 | €785,590 | +€142,266 | +22.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €630,923 | €773,190 | +€142,266 | +22.5% |
| Tax-exempt reserves | 132 | €74,857 | €72,442 | -€2,415 | -3.2% |
| Distributable reserves | 133 | €556,067 | €700,748 | +€144,681 | +26.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €24,952 | €24,147 | -€805 | -3.2% |
| Deferred taxes | 168 | €24,952 | €24,147 | -€805 | -3.2% |
| Amounts payable | 17/49 | €377,454 | €409,353 | +€31,899 | +8.5% |
| Amounts payable after more than one year | 17 | €281,917 | €268,754 | -€13,164 | -4.7% |
| Financial debts | 170/4 | €281,917 | €268,754 | -€13,164 | -4.7% |
| Amounts payable within one year | 42/48 | €95,537 | €140,599 | +€45,062 | +47.2% |
| Current portion of amounts payable after more than one year | 42 | €22,721 | €23,164 | +€442 | +1.9% |
| Financial debts | 43 | €0 | €718 | +€718 | |
| Credit institutions | 430/8 | €0 | €718 | +€718 | |
| Trade debts | 44 | €8,088 | €3,596 | -€4,492 | -55.5% |
| Suppliers | 440/4 | €8,088 | €3,596 | -€4,492 | -55.5% |
| Taxes, remuneration and social security | 45 | €15,398 | €11,131 | -€4,267 | -27.7% |
| Taxes | 450/3 | €15,398 | €11,131 | -€4,267 | -27.7% |
| Other amounts payable | 47/48 | €49,329 | €101,990 | +€52,661 | +106.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,954 | €12,954 | = | 0.0% |
| Other operating charges | 640/8 | €5,242 | €6,795 | +€1,553 | +29.6% |
| Gross operating margin | 9900 | €263,146 | €348,915 | +€85,769 | +32.6% |
| Operating profit (loss) | 9901 | €244,949 | €329,165 | +€84,216 | +34.4% |
| Financial income | 75/76B | €197 | €3,000 | +€2,803 | +1423.9% |
| Recurring financial income | 75 | €197 | €3,000 | +€2,803 | +1423.9% |
| Financial charges | 65/66B | €17,686 | €17,720 | +€34 | +0.2% |
| Recurring financial charges | 65 | €17,686 | €17,720 | +€34 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €227,460 | €314,445 | +€86,985 | +38.2% |
| Transfer from deferred taxes | 780 | €805 | €805 | = | 0.0% |
| Income taxes | 67/77 | €69,821 | €97,784 | +€27,962 | +40.0% |
| Profit (loss) for the period | 9904 | €158,443 | €217,466 | +€59,023 | +37.3% |
| Transfer from tax-exempt reserves | 789 | €2,415 | €2,415 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €160,858 | €219,881 | +€59,023 | +36.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.