QARIBU: 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.
QARIBU
Largest movements
- Receivables within one year -€42,296
down €42,296 (-69.5%), from €60,843 to €18,547
of which Trade receivables: -€51,296
- Tangible fixed assets -€38,470
down €38,470 (-6.7%), from €570,632 to €532,162
- Cash +€9,404
up €9,404 (+127%), from €7,420 to €16,824
mainly Other debts (+€45,694) and Depreciation (+€42,573)
- Profit (loss) carried forward -€69,291
down €69,291 (-606%), from -€11,433 to -€80,725
- Other debts +€45,694
up €45,694 (+705%), from €6,480 to €52,174
- Debts after one year -€33,047
down €33,047 (-8.5%), from €387,288 to €354,240
- Trade debts -€12,426
down €12,426 (-75.9%), from €16,368 to €3,941
- Write-downs +€37,194
new in 2025: €37,194
- Gross operating margin -€16,418
down €16,418 (-34.8%), from €47,178 to €30,760
- Depreciation +€3,468
up €3,468 (+8.9%), from €39,106 to €42,573
- Other operating charges +€2,036
up €2,036 (+170%), from €1,195 to €3,231
- Taxes -€738
down €738 (-81.6%), from €904 to €166
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 | €638,895 | €567,534 | -€71,362 | -11.2% |
| Fixed assets | 21/28 | €570,632 | €532,162 | -€38,470 | -6.7% |
| Tangible fixed assets | 22/27 | €570,632 | €532,162 | -€38,470 | -6.7% |
| Land and buildings | 22 | €481,644 | €467,575 | -€14,068 | -2.9% |
| Plant, machinery and equipment | 23 | €4,725 | €3,681 | -€1,044 | -22.1% |
| Furniture and vehicles | 24 | €47,231 | €35,568 | -€11,663 | -24.7% |
| Leasing and similar rights | 25 | €37,032 | €25,338 | -€11,694 | -31.6% |
| Current assets | 29/58 | €68,263 | €35,371 | -€32,892 | -48.2% |
| Amounts receivable within one year | 40/41 | €60,843 | €18,547 | -€42,296 | -69.5% |
| Trade receivables | 40 | €51,296 | - | -€51,296 | |
| Other amounts receivable | 41 | €9,546 | €18,547 | +€9,000 | +94.3% |
| Cash at bank and in hand | 54/58 | €7,420 | €16,824 | +€9,404 | +127% |
| Total equity and liabilities | 10/49 | €638,895 | €567,534 | -€71,362 | -11.2% |
| Equity | 10/15 | €191,305 | €122,013 | -€69,291 | -36.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €190,338 | €190,338 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €188,478 | €188,478 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,433 | -€80,725 | -€69,291 | -606% |
| Amounts payable | 17/49 | €447,591 | €445,521 | -€2,070 | -0.5% |
| Amounts payable after more than one year | 17 | €387,288 | €354,240 | -€33,047 | -8.5% |
| Financial debts | 170/4 | €387,288 | €354,240 | -€33,047 | -8.5% |
| Amounts payable within one year | 42/48 | €60,303 | €91,280 | +€30,977 | +51.4% |
| Current portion of amounts payable after more than one year | 42 | €32,773 | €33,047 | +€274 | +0.8% |
| Trade debts | 44 | €16,368 | €3,941 | -€12,426 | -75.9% |
| Suppliers | 440/4 | €16,368 | €3,941 | -€12,426 | -75.9% |
| Taxes, remuneration and social security | 45 | €4,682 | €2,117 | -€2,565 | -54.8% |
| Taxes | 450/3 | €4,682 | €1,562 | -€3,120 | -66.6% |
| Remuneration and social security | 454/9 | - | €555 | +€555 | |
| Other amounts payable | 47/48 | €6,480 | €52,174 | +€45,694 | +705% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,106 | €42,573 | +€3,468 | +8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €37,194 | +€37,194 | |
| Other operating charges | 640/8 | €1,195 | €3,231 | +€2,036 | +170% |
| Gross operating margin | 9900 | €47,178 | €30,760 | -€16,418 | -34.8% |
| Operating profit (loss) | 9901 | €6,878 | -€52,239 | -€59,116 | |
| Financial income | 75/76B | €161 | €16 | -€145 | -90.3% |
| Recurring financial income | 75 | €161 | €16 | -€145 | -90.3% |
| Financial charges | 65/66B | €17,568 | €16,903 | -€666 | -3.8% |
| Recurring financial charges | 65 | €17,568 | €16,903 | -€666 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,530 | -€69,126 | -€58,596 | -556% |
| Income taxes | 67/77 | €904 | €166 | -€738 | -81.6% |
| Profit (loss) for the period | 9904 | -€11,433 | -€69,291 | -€57,858 | -506% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,433 | -€69,291 | -€57,858 | -506% |
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 15 October 2026 via checked.be.