IT-QUBE: 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.
IT-QUBE
Largest movements
- Stocks and contracts +€26,287
up €26,287 (+64.1%), from €41,029 to €67,315
- Cash +€16,527
up €16,527 (+19.4%), from €85,404 to €101,931
mainly Net result for the year (+€66,929) and Other debts (+€19,868)
- Receivables within one year -€7,829
down €7,829 (-7.4%), from €105,592 to €97,763
of which Other amounts receivable: -€6,725
- Reserves +€36,929
up €36,929 (+18.8%), from €196,951 to €233,879
of which Distributable reserves: +€36,929
- Other debts +€19,868
up €19,868 (+78.5%), from €25,301 to €45,169
- Trade debts -€14,347
down €14,347 (-31.9%), from €44,948 to €30,600
- Debts after one year -€12,602
down €12,602 (-21.7%), from €58,143 to €45,541
- Staff costs -€51,470
down €51,470 (-43.9%), from €117,232 to €65,762
- Gross operating margin -€36,994
down €36,994 (-17.5%), from €211,197 to €174,203
- Taxes -€6,308
down €6,308 (-25.5%), from €24,775 to €18,468
- Depreciation +€4,814
up €4,814 (+37.9%), from €12,687 to €17,501
- Other operating charges -€2,434
down €2,434 (-62.8%), from €3,879 to €1,445
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 | €352,183 | €385,933 | +€33,750 | +9.6% |
| Fixed assets | 21/28 | €107,334 | €106,180 | -€1,154 | -1.1% |
| Tangible fixed assets | 22/27 | €107,334 | €106,180 | -€1,154 | -1.1% |
| Land and buildings | 22 | €87,155 | €79,892 | -€7,263 | -8.3% |
| Plant, machinery and equipment | 23 | €4,642 | €2,750 | -€1,892 | -40.8% |
| Furniture and vehicles | 24 | €11,122 | €6,532 | -€4,590 | -41.3% |
| Other tangible fixed assets | 26 | €4,415 | €17,006 | +€12,591 | +285% |
| Current assets | 29/58 | €244,850 | €279,753 | +€34,904 | +14.3% |
| Stocks and contracts in progress | 3 | €41,029 | €67,315 | +€26,287 | +64.1% |
| Stocks | 30/36 | €41,029 | €67,315 | +€26,287 | +64.1% |
| Amounts receivable within one year | 40/41 | €105,592 | €97,763 | -€7,829 | -7.4% |
| Trade receivables | 40 | €40,002 | €38,898 | -€1,104 | -2.8% |
| Other amounts receivable | 41 | €65,591 | €58,865 | -€6,725 | -10.3% |
| Cash at bank and in hand | 54/58 | €85,404 | €101,931 | +€16,527 | +19.4% |
| Deferred charges and accrued income | 490/1 | €12,824 | €12,743 | -€81 | -0.6% |
| Total equity and liabilities | 10/49 | €352,183 | €385,933 | +€33,750 | +9.6% |
| Equity | 10/15 | €201,951 | €238,879 | +€36,929 | +18.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €196,951 | €233,879 | +€36,929 | +18.8% |
| Tax-exempt reserves | 132 | €54,933 | €54,933 | = | 0.0% |
| Distributable reserves | 133 | €142,017 | €178,946 | +€36,929 | +26.0% |
| Amounts payable | 17/49 | €150,232 | €147,054 | -€3,179 | -2.1% |
| Amounts payable after more than one year | 17 | €58,143 | €45,541 | -€12,602 | -21.7% |
| Financial debts | 170/4 | €58,143 | €45,541 | -€12,602 | -21.7% |
| Amounts payable within one year | 42/48 | €92,090 | €100,513 | +€8,423 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €12,356 | €12,602 | +€246 | +2.0% |
| Trade debts | 44 | €44,948 | €30,600 | -€14,347 | -31.9% |
| Suppliers | 440/4 | €44,948 | €30,600 | -€14,347 | -31.9% |
| Taxes, remuneration and social security | 45 | €9,485 | €12,142 | +€2,657 | +28.0% |
| Taxes | 450/3 | €2,400 | €4,757 | +€2,358 | +98.2% |
| Remuneration and social security | 454/9 | €7,085 | €7,385 | +€299 | +4.2% |
| Other amounts payable | 47/48 | €25,301 | €45,169 | +€19,868 | +78.5% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €117,232 | €65,762 | -€51,470 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,687 | €17,501 | +€4,814 | +37.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,123 | €1,643 | +€521 | +46.4% |
| Other operating charges | 640/8 | €3,879 | €1,445 | -€2,434 | -62.8% |
| Gross operating margin | 9900 | €211,197 | €174,203 | -€36,994 | -17.5% |
| Operating profit (loss) | 9901 | €76,277 | €87,852 | +€11,575 | +15.2% |
| Financial income | 75/76B | €2,605 | €2,710 | +€104 | +4.0% |
| Recurring financial income | 75 | €2,605 | €2,710 | +€104 | +4.0% |
| Financial charges | 65/66B | €5,350 | €5,165 | -€185 | -3.5% |
| Recurring financial charges | 65 | €5,350 | €5,165 | -€185 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €73,533 | €85,397 | +€11,864 | +16.1% |
| Income taxes | 67/77 | €24,775 | €18,468 | -€6,308 | -25.5% |
| Profit (loss) for the period | 9904 | €48,757 | €66,929 | +€18,172 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,757 | €66,929 | +€18,172 | +37.3% |
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 17 October 2026 via checked.be.