QBIC: 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.
QBIC
Largest movements
- Current investments +€274,590
new in 2025: €274,590
- Cash -€224,107
down €224,107 (-73.3%), from €305,931 to €81,824
mainly Current investments (-€274,590) and Other debts (-€11,763)
- Reserves +€65,417
up €65,417 (+27.7%), from €236,525 to €301,942
of which Distributable reserves: +€65,417
- Other debts -€11,763
down €11,763 (-14.5%), from €81,223 to €69,460
- Depreciation -€7,935
down €7,935 (-95.8%), from €8,279 to €344
- Financial charges +€7,802
up €7,802 (+17,337%), from €45 to €7,847
- Financial income +€1,347
up €1,347, from €0 to €1,347
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 | €339,136 | €391,961 | +€52,825 | +15.6% |
| Fixed assets | 21/28 | €0 | €943 | +€943 | |
| Tangible fixed assets | 22/27 | €0 | €943 | +€943 | |
| Furniture and vehicles | 24 | €0 | €943 | +€943 | |
| Current assets | 29/58 | €339,136 | €391,018 | +€51,882 | +15.3% |
| Amounts receivable within one year | 40/41 | €31,853 | €32,838 | +€985 | +3.1% |
| Trade receivables | 40 | €31,853 | €32,838 | +€985 | +3.1% |
| Current investments | 50/53 | - | €274,590 | +€274,590 | |
| Cash at bank and in hand | 54/58 | €305,931 | €81,824 | -€224,107 | -73.3% |
| Deferred charges and accrued income | 490/1 | €1,352 | €1,766 | +€414 | +30.6% |
| Total equity and liabilities | 10/49 | €339,136 | €391,961 | +€52,825 | +15.6% |
| Equity | 10/15 | €236,525 | €301,942 | +€65,417 | +27.7% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €236,525 | €301,942 | +€65,417 | +27.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €236,525 | €301,942 | +€65,417 | +27.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €102,611 | €90,019 | -€12,591 | -12.3% |
| Amounts payable within one year | 42/48 | €102,611 | €90,019 | -€12,591 | -12.3% |
| Trade debts | 44 | €1,430 | €1,577 | +€147 | +10.3% |
| Suppliers | 440/4 | €1,430 | €1,577 | +€147 | +10.3% |
| Taxes, remuneration and social security | 45 | €19,958 | €18,982 | -€975 | -4.9% |
| Taxes | 450/3 | €19,958 | €18,982 | -€975 | -4.9% |
| Other amounts payable | 47/48 | €81,223 | €69,460 | -€11,763 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,279 | €344 | -€7,935 | -95.8% |
| Other operating charges | 640/8 | €955 | €966 | +€11 | +1.2% |
| Gross operating margin | 9900 | €110,318 | €109,291 | -€1,027 | -0.9% |
| Operating profit (loss) | 9901 | €101,084 | €107,981 | +€6,897 | +6.8% |
| Financial income | 75/76B | €0 | €1,347 | +€1,347 | |
| Recurring financial income | 75 | €0 | €1,347 | +€1,347 | |
| Financial charges | 65/66B | €45 | €7,847 | +€7,802 | +17,337% |
| Recurring financial charges | 65 | €45 | €7,847 | +€7,802 | +17,337% |
| Profit (loss) for the period before taxes | 9903 | €101,039 | €101,481 | +€442 | +0.4% |
| Income taxes | 67/77 | €34,386 | €34,347 | -€39 | -0.1% |
| Profit (loss) for the period | 9904 | €66,654 | €67,135 | +€481 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,654 | €67,135 | +€481 | +0.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.