QBIT: 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.
QBIT
Largest movements
- Receivables within one year -€56,036
down €56,036 (-16.0%), from €349,292 to €293,256
of which Other amounts receivable: -€71,463
- Tangible fixed assets -€45,456
down €45,456 (-29.2%), from €155,476 to €110,020
of which Furniture and vehicles: -€43,720
- Deferred charges and accrued income -€27,807
down €27,807 (-92.4%), from €30,092 to €2,286
- Cash -€27,584
down €27,584 (-46.0%), from €59,913 to €32,329
mainly Trade debts (-€226,341) and Stocks and contracts (-€23,070)
- Stocks and contracts +€23,070
up €23,070 (+35.7%), from €64,670 to €87,740
- Trade debts -€226,341
down €226,341 (-56.1%), from €403,502 to €177,161
- Debts after one year +€65,578
up €65,578 (+221%), from €29,698 to €95,275
- Current portion of long-term debt +€24,707
up €24,707 (+183%), from €13,524 to €38,231
- Depreciation +€28,370
up €28,370 (+185%), from €15,342 to €43,712
- Gross operating margin +€23,826
up €23,826 (+14.5%), from €163,849 to €187,676
- Staff costs +€9,791
up €9,791 (+8.2%), from €118,742 to €128,533
- Other operating charges -€3,628
down €3,628 (-62.0%), from €5,850 to €2,222
- Taxes -€3,018
down €3,018 (-35.7%), from €8,458 to €5,439
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 | €659,444 | €525,631 | -€133,813 | -20.3% |
| Fixed assets | 21/28 | €155,476 | €110,020 | -€45,456 | -29.2% |
| Tangible fixed assets | 22/27 | €155,476 | €110,020 | -€45,456 | -29.2% |
| Plant, machinery and equipment | 23 | €2,017 | €281 | -€1,736 | -86.1% |
| Furniture and vehicles | 24 | €153,459 | €109,739 | -€43,720 | -28.5% |
| Current assets | 29/58 | €503,968 | €415,611 | -€88,356 | -17.5% |
| Stocks and contracts in progress | 3 | €64,670 | €87,740 | +€23,070 | +35.7% |
| Stocks | 30/36 | €64,670 | €87,740 | +€23,070 | +35.7% |
| Amounts receivable within one year | 40/41 | €349,292 | €293,256 | -€56,036 | -16.0% |
| Trade receivables | 40 | €266,270 | €281,697 | +€15,427 | +5.8% |
| Other amounts receivable | 41 | €83,022 | €11,559 | -€71,463 | -86.1% |
| Cash at bank and in hand | 54/58 | €59,913 | €32,329 | -€27,584 | -46.0% |
| Deferred charges and accrued income | 490/1 | €30,092 | €2,286 | -€27,807 | -92.4% |
| Total equity and liabilities | 10/49 | €659,444 | €525,631 | -€133,813 | -20.3% |
| Equity | 10/15 | €181,978 | €182,340 | +€362 | +0.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €171,978 | €172,340 | +€362 | +0.2% |
| Distributable reserves | 133 | €171,978 | €172,340 | +€362 | +0.2% |
| Amounts payable | 17/49 | €477,466 | €343,291 | -€134,175 | -28.1% |
| Amounts payable after more than one year | 17 | €29,698 | €95,275 | +€65,578 | +221% |
| Financial debts | 170/4 | €29,698 | €95,275 | +€65,578 | +221% |
| Amounts payable within one year | 42/48 | €447,769 | €248,016 | -€199,752 | -44.6% |
| Current portion of amounts payable after more than one year | 42 | €13,524 | €38,231 | +€24,707 | +183% |
| Trade debts | 44 | €403,502 | €177,161 | -€226,341 | -56.1% |
| Suppliers | 440/4 | €403,502 | €177,161 | -€226,341 | -56.1% |
| Advances received on contracts in progress | 46 | €27 | €0 | -€27 | -100% |
| Taxes, remuneration and social security | 45 | €28,216 | €29,183 | +€967 | +3.4% |
| Taxes | 450/3 | €4,824 | €7,350 | +€2,525 | +52.4% |
| Remuneration and social security | 454/9 | €23,392 | €21,833 | -€1,559 | -6.7% |
| Other amounts payable | 47/48 | €2,499 | €3,441 | +€942 | +37.7% |
| Remuneration, social security and pensions | 62 | €118,742 | €128,533 | +€9,791 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,342 | €43,712 | +€28,370 | +185% |
| Other operating charges | 640/8 | €5,850 | €2,222 | -€3,628 | -62.0% |
| Non-recurring operating charges | 66A | €9,945 | €1,744 | -€8,201 | -82.5% |
| Gross operating margin | 9900 | €163,849 | €187,676 | +€23,826 | +14.5% |
| Operating profit (loss) | 9901 | €13,970 | €11,464 | -€2,506 | -17.9% |
| Financial income | 75/76B | €187 | €0 | -€187 | -100% |
| Recurring financial income | 75 | €187 | €0 | -€187 | -100% |
| Financial charges | 65/66B | €2,778 | €5,663 | +€2,884 | +104% |
| Recurring financial charges | 65 | €2,778 | €5,663 | +€2,884 | +104% |
| Profit (loss) for the period before taxes | 9903 | €11,379 | €5,802 | -€5,577 | -49.0% |
| Income taxes | 67/77 | €8,458 | €5,439 | -€3,018 | -35.7% |
| Profit (loss) for the period | 9904 | €2,921 | €362 | -€2,559 | -87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,921 | €362 | -€2,559 | -87.6% |
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.