Q-BIS: 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.
Q-BIS
Largest movements
- Tangible fixed assets +€20,706
up €20,706 (+10.0%), from €206,273 to €226,979
of which Plant, machinery and equipment: +€31,168
- Other debts +€77,847
up €77,847 (+151.7%), from €51,326 to €129,173
- Debts after one year -€47,339
down €47,339 (-46.0%), from €102,909 to €55,570
- Profit (loss) carried forward -€20,587
down €20,587 (-46.9%), from €43,928 to €23,341
- Trade debts +€10,204
up €10,204 (+806.0%), from €1,266 to €11,470
- Gross operating margin -€65,045
down €65,045 (-75.1%), from €86,661 to €21,616
- Taxes -€12,536
down €12,536, from €12,513 to -€22
- Depreciation +€4,469
up €4,469 (+31.7%), from €14,112 to €18,580
- Financial charges +€912
up €912 (+9.2%), from €9,893 to €10,805
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 | €389,762 | €412,484 | +€22,723 | +5.8% |
| Fixed assets | 21/28 | €206,273 | €226,979 | +€20,706 | +10.0% |
| Tangible fixed assets | 22/27 | €206,273 | €226,979 | +€20,706 | +10.0% |
| Land and buildings | 22 | €202,451 | €191,990 | -€10,461 | -5.2% |
| Plant, machinery and equipment | 23 | €3,821 | €34,989 | +€31,168 | +815.7% |
| Current assets | 29/58 | €183,489 | €185,505 | +€2,016 | +1.1% |
| Amounts receivable within one year | 40/41 | €182,899 | €182,973 | +€73 | 0.0% |
| Trade receivables | 40 | €64 | - | -€64 | |
| Other amounts receivable | 41 | €182,836 | €182,973 | +€137 | +0.1% |
| Cash at bank and in hand | 54/58 | €278 | €2,532 | +€2,255 | +811.7% |
| Deferred charges and accrued income | 490/1 | €312 | - | -€312 | |
| Total equity and liabilities | 10/49 | €389,762 | €412,484 | +€22,723 | +5.8% |
| Equity | 10/15 | €188,897 | €168,310 | -€20,587 | -10.9% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €67,765 | €67,765 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,196 | €22,196 | = | 0.0% |
| Distributable reserves | 133 | €38,569 | €38,569 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,928 | €23,341 | -€20,587 | -46.9% |
| Investment grants | 15 | €7,204 | €7,204 | = | 0.0% |
| Amounts payable | 17/49 | €200,865 | €244,174 | +€43,309 | +21.6% |
| Amounts payable after more than one year | 17 | €102,909 | €55,570 | -€47,339 | -46.0% |
| Financial debts | 170/4 | €102,909 | €55,570 | -€47,339 | -46.0% |
| Amounts payable within one year | 42/48 | €92,915 | €180,899 | +€87,984 | +94.7% |
| Current portion of amounts payable after more than one year | 42 | €40,256 | €40,256 | = | 0.0% |
| Trade debts | 44 | €1,266 | €11,470 | +€10,204 | +806.0% |
| Suppliers | 440/4 | €1,266 | €11,470 | +€10,204 | +806.0% |
| Taxes, remuneration and social security | 45 | €67 | - | -€67 | |
| Taxes | 450/3 | €67 | - | -€67 | |
| Other amounts payable | 47/48 | €51,326 | €129,173 | +€77,847 | +151.7% |
| Accrued charges and deferred income | 492/3 | €5,041 | €7,705 | +€2,664 | +52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,112 | €18,580 | +€4,469 | +31.7% |
| Other operating charges | 640/8 | €12,857 | €12,849 | -€8 | -0.1% |
| Gross operating margin | 9900 | €86,661 | €21,616 | -€65,045 | -75.1% |
| Operating profit (loss) | 9901 | €59,693 | -€9,813 | -€69,506 | |
| Financial income | 75/76B | €34 | €10 | -€25 | -72.3% |
| Recurring financial income | 75 | €34 | €10 | -€25 | -72.3% |
| Financial charges | 65/66B | €9,893 | €10,805 | +€912 | +9.2% |
| Recurring financial charges | 65 | €9,893 | €10,805 | +€912 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €49,834 | -€20,609 | -€70,443 | |
| Income taxes | 67/77 | €12,513 | -€22 | -€12,536 | |
| Profit (loss) for the period | 9904 | €37,320 | -€20,587 | -€57,907 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,320 | -€20,587 | -€57,907 |
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 10 October 2026 via checked.be.