QBIC Arkiv Fund: what changed
QBIC Arkiv Fund
Largest movements
- Cash -€923,110
down €923,110 (-98.8%), from €934,511 to €11,401
mainly Investment in fixed assets (net) (-€604,839) and Net result for the year (-€571,497)
- Financial fixed assets +€604,839
up €604,839 (+13.0%), from €4.7m to €5.3m
- Receivables within one year -€265,242
down €265,242 (-18.0%), from €1.5m to €1.2m
- Profit (loss) carried forward -€571,497
down €571,497 (-78.4%), from €729,255 to €157,758
- Financial charges -€2.4m
down €2.4m (-81.8%), from €2.9m to €533,495
of which Non-recurring financial charges: -€2.4m
- Financial income -€437,609
down €437,609 (-95.1%), from €460,149 to €22,540
of which Financial income: -€320,272
- Gross operating margin +€3,559
up €3,559 (+5.7%), from -€62,959 to -€59,399
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 | €7,072,713 | €6,494,373 | -€578,340 | -8.2% |
| Fixed assets | 21/28 | €4,664,960 | €5,269,799 | +€604,839 | +13.0% |
| Financial fixed assets | 28 | €4,664,960 | €5,269,799 | +€604,839 | +13.0% |
| Current assets | 29/58 | €2,407,753 | €1,224,574 | -€1.2m | -49.1% |
| Amounts receivable within one year | 40/41 | €1,473,242 | €1,208,000 | -€265,242 | -18.0% |
| Other amounts receivable | 41 | €1,473,242 | €1,208,000 | -€265,242 | -18.0% |
| Cash at bank and in hand | 54/58 | €934,511 | €11,401 | -€923,110 | -98.8% |
| Deferred charges and accrued income | 490/1 | - | €5,173 | +€5,173 | |
| Total equity and liabilities | 10/49 | €7,072,713 | €6,494,373 | -€578,340 | -8.2% |
| Equity | 10/15 | €7,064,395 | €6,492,898 | -€571,497 | -8.1% |
| Contributions | 10/11 | €5,987,653 | €5,987,653 | = | 0.0% |
| Capital | 10 | €5,987,653 | €5,987,653 | = | 0.0% |
| Issued capital | 100 | €5,987,653 | €5,987,653 | = | 0.0% |
| Reserves | 13 | €347,487 | €347,487 | = | 0.0% |
| Non-distributable reserves | 130/1 | €347,487 | €347,487 | = | 0.0% |
| Legal reserve | 130 | €347,487 | €347,487 | = | 0.0% |
| Profit (loss) carried forward | 14 | €729,255 | €157,758 | -€571,497 | -78.4% |
| Amounts payable | 17/49 | €8,318 | €1,475 | -€6,843 | -82.3% |
| Amounts payable within one year | 42/48 | €8,318 | €1,475 | -€6,843 | -82.3% |
| Trade debts | 44 | €8,318 | €146 | -€8,173 | -98.3% |
| Suppliers | 440/4 | €8,318 | €146 | -€8,173 | -98.3% |
| Other amounts payable | 47/48 | - | €1,329 | +€1,329 | |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | -€62,959 | -€59,399 | +€3,559 | +5.7% |
| Operating profit (loss) | 9901 | -€64,067 | -€60,542 | +€3,525 | +5.5% |
| Financial income | 75/76B | €460,149 | €22,540 | -€437,609 | -95.1% |
| Recurring financial income | 75 | €342,812 | €22,540 | -€320,272 | -93.4% |
| Non-recurring financial income | 76B | €117,337 | €0 | -€117,337 | -100% |
| Financial charges | 65/66B | €2,933,462 | €533,495 | -€2.4m | -81.8% |
| Recurring financial charges | 65 | €917 | €592 | -€325 | -35.5% |
| Non-recurring financial charges | 66B | €2,932,544 | €532,903 | -€2.4m | -81.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,537,379 | -€571,497 | +€2.0m | +77.5% |
| Profit (loss) for the period | 9904 | -€2,537,379 | -€571,497 | +€2.0m | +77.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,537,379 | -€571,497 | +€2.0m | +77.5% |
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 7 November 2026 via checked.be.