QOCON: what changed
QOCON
Largest movements
- Tangible fixed assets +€66,810
up €66,810 (+39.8%), from €167,735 to €234,545
of which Land and buildings: +€79,745
- Cash +€32,758
up €32,758 (+21.0%), from €156,284 to €189,042
mainly Debts after one year (+€74,542) and Net result for the year (+€47,088)
- Receivables within one year -€10,797
down €10,797 (-26.2%), from €41,202 to €30,405
of which Trade receivables: -€16,733
- Financial fixed assets -€5,351
down €5,351 (-9.3%), from €57,436 to €52,086
- Debts after one year +€74,542
up €74,542 (+6,572%), from €1,134 to €75,676
- Reserves +€47,088
up €47,088 (+20.7%), from €227,168 to €274,256
- Tax, wage and social debts -€25,513
down €25,513 (-36.6%), from €69,763 to €44,250
- Current portion of long-term debt -€13,221
down €13,221 (-97.9%), from €13,501 to €280
- Gross operating margin -€27,191
down €27,191 (-21.4%), from €126,823 to €99,632
- Taxes -€7,239
down €7,239 (-26.2%), from €27,671 to €20,431
- Depreciation +€3,817
up €3,817 (+20.9%), from €18,243 to €22,061
- Other operating charges +€1,374
up €1,374 (+1,786%), from €77 to €1,451
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €422,658 | €506,078 | +€83,420 | +19.7% |
| Fixed assets | 21/28 | €225,171 | €286,631 | +€61,459 | +27.3% |
| Tangible fixed assets | 22/27 | €167,735 | €234,545 | +€66,810 | +39.8% |
| Land and buildings | 22 | €130,357 | €210,101 | +€79,745 | +61.2% |
| Plant, machinery and equipment | 23 | - | €682 | +€682 | |
| Furniture and vehicles | 24 | €37,379 | €23,762 | -€13,616 | -36.4% |
| Financial fixed assets | 28 | €57,436 | €52,086 | -€5,351 | -9.3% |
| Current assets | 29/58 | €197,486 | €219,447 | +€21,961 | +11.1% |
| Amounts receivable within one year | 40/41 | €41,202 | €30,405 | -€10,797 | -26.2% |
| Trade receivables | 40 | €34,717 | €17,983 | -€16,733 | -48.2% |
| Other amounts receivable | 41 | €6,486 | €12,422 | +€5,936 | +91.5% |
| Cash at bank and in hand | 54/58 | €156,284 | €189,042 | +€32,758 | +21.0% |
| Total equity and liabilities | 10/49 | €422,658 | €506,078 | +€83,420 | +19.7% |
| Equity | 10/15 | €335,168 | €382,256 | +€47,088 | +14.0% |
| Contributions | 10/11 | €108,000 | €108,000 | = | 0.0% |
| Reserves | 13 | €227,168 | €274,256 | +€47,088 | +20.7% |
| Distributable reserves | 133 | €227,168 | €274,256 | +€47,088 | +20.7% |
| Amounts payable | 17/49 | €87,489 | €123,822 | +€36,332 | +41.5% |
| Amounts payable after more than one year | 17 | €1,134 | €75,676 | +€74,542 | +6,572% |
| Financial debts | 170/4 | €1,134 | €75,676 | +€74,542 | +6,572% |
| Amounts payable within one year | 42/48 | €86,257 | €48,016 | -€38,240 | -44.3% |
| Current portion of amounts payable after more than one year | 42 | €13,501 | €280 | -€13,221 | -97.9% |
| Trade debts | 44 | €2,993 | €3,486 | +€493 | +16.5% |
| Suppliers | 440/4 | €2,993 | €3,486 | +€493 | +16.5% |
| Taxes, remuneration and social security | 45 | €69,763 | €44,250 | -€25,513 | -36.6% |
| Taxes | 450/3 | €69,763 | €44,250 | -€25,513 | -36.6% |
| Accrued charges and deferred income | 492/3 | €99 | €129 | +€31 | +31.0% |
| Remuneration, social security and pensions | 62 | €7,550 | €8,763 | +€1,213 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,243 | €22,061 | +€3,817 | +20.9% |
| Other operating charges | 640/8 | €77 | €1,451 | +€1,374 | +1,786% |
| Gross operating margin | 9900 | €126,823 | €99,632 | -€27,191 | -21.4% |
| Operating profit (loss) | 9901 | €100,952 | €67,357 | -€33,595 | -33.3% |
| Financial income | 75/76B | €1,460 | €1,634 | +€174 | +11.9% |
| Recurring financial income | 75 | €1,460 | €1,634 | +€174 | +11.9% |
| Financial charges | 65/66B | €427 | €1,471 | +€1,044 | +244% |
| Recurring financial charges | 65 | €427 | €1,471 | +€1,044 | +244% |
| Profit (loss) for the period before taxes | 9903 | €101,984 | €67,519 | -€34,465 | -33.8% |
| Income taxes | 67/77 | €27,671 | €20,431 | -€7,239 | -26.2% |
| Profit (loss) for the period | 9904 | €74,313 | €47,088 | -€27,225 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,313 | €47,088 | -€27,225 | -36.6% |
Next steps
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 4 November 2026 via checked.be.