QBIX: 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.
QBIX
Largest movements
- Tangible fixed assets +€640,323
up €640,323 (+272%), from €235,305 to €875,628
of which Land and buildings: +€677,296
- Receivables within one year -€150,401
down €150,401 (-59.4%), from €253,375 to €102,974
of which Other amounts receivable: -€195,396
- Receivables after one year +€18,599
new in 2025: €18,599
- Debts after one year +€474,812
up €474,812 (+621%), from €76,465 to €551,277
- Current portion of long-term debt +€39,302
up €39,302 (+1,047%), from €3,753 to €43,055
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Tax, wage and social debts +€14,185
up €14,185 (+40.5%), from €35,033 to €49,218
- Gross operating margin -€28,031
down €28,031 (-23.5%), from €119,312 to €91,281
- Taxes +€19,461
up €19,461 (+86.9%), from €22,389 to €41,850
- Depreciation +€6,578
up €6,578 (+25.3%), from €26,014 to €32,592
- Other operating charges +€6,394
up €6,394 (+278%), from €2,296 to €8,690
- Financial income -€4,270
down €4,270 (-33.8%), from €12,645 to €8,375
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 | €489,009 | €1,004,797 | +€515,788 | +105% |
| Fixed assets | 21/28 | €235,602 | €875,925 | +€640,323 | +272% |
| Tangible fixed assets | 22/27 | €235,305 | €875,628 | +€640,323 | +272% |
| Land and buildings | 22 | €13,685 | €690,981 | +€677,296 | +4,949% |
| Plant, machinery and equipment | 23 | €2,168 | €957 | -€1,211 | -55.9% |
| Furniture and vehicles | 24 | €81,526 | €80,713 | -€813 | -1.0% |
| Other tangible fixed assets | 26 | €137,926 | €102,977 | -€34,949 | -25.3% |
| Financial fixed assets | 28 | €297 | €297 | = | 0.0% |
| Current assets | 29/58 | €253,407 | €128,872 | -€124,535 | -49.1% |
| Amounts receivable after more than one year | 29 | - | €18,599 | +€18,599 | |
| Trade receivables | 290 | - | €18,599 | +€18,599 | |
| Amounts receivable within one year | 40/41 | €253,375 | €102,974 | -€150,401 | -59.4% |
| Trade receivables | 40 | €3,160 | €48,155 | +€44,995 | +1,424% |
| Other amounts receivable | 41 | €250,215 | €54,819 | -€195,396 | -78.1% |
| Cash at bank and in hand | 54/58 | €32 | €7,299 | +€7,267 | +22,709% |
| Total equity and liabilities | 10/49 | €489,009 | €1,004,797 | +€515,788 | +105% |
| Equity | 10/15 | €344,004 | €344,688 | +€684 | +0.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €247,994 | €247,994 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €237,994 | €237,994 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,010 | €34,694 | +€684 | +2.0% |
| Amounts payable | 17/49 | €145,005 | €660,109 | +€515,104 | +355% |
| Amounts payable after more than one year | 17 | €76,465 | €551,277 | +€474,812 | +621% |
| Financial debts | 170/4 | €76,465 | €551,277 | +€474,812 | +621% |
| Amounts payable within one year | 42/48 | €65,040 | €95,932 | +€30,892 | +47.5% |
| Current portion of amounts payable after more than one year | 42 | €3,753 | €43,055 | +€39,302 | +1,047% |
| Financial debts | 43 | €4,653 | €3,659 | -€994 | -21.4% |
| Credit institutions | 430/8 | €4,653 | €3,659 | -€994 | -21.4% |
| Trade debts | 44 | €1,601 | - | -€1,601 | |
| Suppliers | 440/4 | €1,601 | - | -€1,601 | |
| Taxes, remuneration and social security | 45 | €35,033 | €49,218 | +€14,185 | +40.5% |
| Taxes | 450/3 | €35,033 | €49,218 | +€14,185 | +40.5% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Accrued charges and deferred income | 492/3 | €3,500 | €12,900 | +€9,400 | +269% |
| Non-recurring operating income | 76A | €24,622 | - | -€24,622 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,014 | €32,592 | +€6,578 | +25.3% |
| Other operating charges | 640/8 | €2,296 | €8,690 | +€6,394 | +278% |
| Gross operating margin | 9900 | €119,312 | €91,281 | -€28,031 | -23.5% |
| Operating profit (loss) | 9901 | €91,002 | €49,999 | -€41,003 | -45.1% |
| Financial income | 75/76B | €12,645 | €8,375 | -€4,270 | -33.8% |
| Recurring financial income | 75 | €12,645 | €8,375 | -€4,270 | -33.8% |
| Financial charges | 65/66B | €16,448 | €15,840 | -€608 | -3.7% |
| Recurring financial charges | 65 | €16,448 | €15,840 | -€608 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €87,199 | €42,534 | -€44,665 | -51.2% |
| Income taxes | 67/77 | €22,389 | €41,850 | +€19,461 | +86.9% |
| Profit (loss) for the period | 9904 | €64,810 | €684 | -€64,126 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,810 | €684 | -€64,126 | -98.9% |
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 24 October 2026 via checked.be.