QBIC Brussels Fund: 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 Brussels Fund
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€799,774
down €799,774 (-99.9%), from €800,413 to €638
of which Non-recurring financial charges: -€799,782
- Financial income -€513,786
down €513,786 (-100.0%), from €513,826 to €40
of which Non-recurring financial income: -€511,901
- Gross operating margin +€1,153
up €1,153 (+8.8%), from -€13,115 to -€11,963
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 | €2,183,476 | €2,164,847 | -€18,629 | -0.9% |
| Fixed assets | 21/28 | €2,095,665 | €2,095,665 | = | 0.0% |
| Financial fixed assets | 28 | €2,095,665 | €2,095,665 | = | 0.0% |
| Current assets | 29/58 | €87,811 | €69,182 | -€18,629 | -21.2% |
| Cash at bank and in hand | 54/58 | €87,811 | €68,374 | -€19,438 | -22.1% |
| Deferred charges and accrued income | 490/1 | - | €809 | +€809 | |
| Total equity and liabilities | 10/49 | €2,183,476 | €2,164,847 | -€18,629 | -0.9% |
| Equity | 10/15 | €2,148,078 | €2,134,519 | -€13,560 | -0.6% |
| Contributions | 10/11 | €3,603,000 | €3,603,000 | = | 0.0% |
| Capital | 10 | €3,603,000 | €3,603,000 | = | 0.0% |
| Issued capital | 100 | €3,603,000 | €3,603,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,454,922 | -€1,468,481 | -€13,560 | -0.9% |
| Amounts payable | 17/49 | €35,398 | €30,329 | -€5,069 | -14.3% |
| Amounts payable within one year | 42/48 | €35,398 | €30,329 | -€5,069 | -14.3% |
| Trade debts | 44 | €5,398 | €163 | -€5,235 | -97.0% |
| Suppliers | 440/4 | €5,398 | €163 | -€5,235 | -97.0% |
| Other amounts payable | 47/48 | €30,000 | €30,166 | +€166 | +0.6% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€13,115 | -€11,963 | +€1,153 | +8.8% |
| Operating profit (loss) | 9901 | -€14,083 | -€12,961 | +€1,122 | +8.0% |
| Financial income | 75/76B | €513,826 | €40 | -€513,786 | -100.0% |
| Recurring financial income | 75 | €1,925 | €40 | -€1,885 | -97.9% |
| Non-recurring financial income | 76B | €511,901 | €0 | -€511,901 | -100% |
| Financial charges | 65/66B | €800,413 | €638 | -€799,774 | -99.9% |
| Recurring financial charges | 65 | €630 | €638 | +€8 | +1.2% |
| Non-recurring financial charges | 66B | €799,782 | €0 | -€799,782 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€300,669 | -€13,560 | +€287,110 | +95.5% |
| Profit (loss) for the period | 9904 | -€300,669 | -€13,560 | +€287,110 | +95.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€300,669 | -€13,560 | +€287,110 | +95.5% |
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 21 October 2026 via checked.be.