Qi-Account: 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.
Qi-Account
Largest movements
- Receivables within one year +€57,362
up €57,362 (+24.3%), from €236,062 to €293,424
of which Other amounts receivable: +€81,011
- Cash -€4,895
down €4,895 (-34.7%), from €14,112 to €9,217
mainly Receivables within one year (-€57,362) and Tax, wage and social debts (-€12,667)
- Trade debts +€53,487
up €53,487 (+273%), from €19,608 to €73,095
- Reserves +€17,035
up €17,035 (+21.0%), from €80,990 to €98,025
of which Distributable reserves: +€17,035
- Tax, wage and social debts -€12,667
down €12,667 (-16.7%), from €75,993 to €63,326
of which Remuneration and social security: -€13,291
- Current portion of long-term debt +€10,478
up €10,478 (+97.9%), from €10,703 to €21,181
- Other debts -€8,279
down €8,279 (-60.4%), from €13,710 to €5,431
- Gross operating margin -€93,739
down €93,739 (-42.2%), from €221,884 to €128,144
- Staff costs -€92,170
down €92,170 (-50.0%), from €184,254 to €92,084
- Taxes -€6,082
down €6,082 (-34.6%), from €17,582 to €11,500
- Financial charges +€2,811
up €2,811 (+120%), from €2,341 to €5,152
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 | €259,729 | €312,196 | +€52,467 | +20.2% |
| Fixed assets | 21/28 | €7,055 | €7,055 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €7,055 | €7,055 | = | 0.0% |
| Current assets | 29/58 | €252,675 | €305,141 | +€52,467 | +20.8% |
| Amounts receivable within one year | 40/41 | €236,062 | €293,424 | +€57,362 | +24.3% |
| Trade receivables | 40 | €184,173 | €160,523 | -€23,650 | -12.8% |
| Other amounts receivable | 41 | €51,890 | €132,901 | +€81,011 | +156% |
| Current investments | 50/53 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,112 | €9,217 | -€4,895 | -34.7% |
| Total equity and liabilities | 10/49 | €259,729 | €312,196 | +€52,467 | +20.2% |
| Equity | 10/15 | €99,590 | €116,625 | +€17,035 | +17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,990 | €98,025 | +€17,035 | +21.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €79,130 | €96,165 | +€17,035 | +21.5% |
| Amounts payable | 17/49 | €160,139 | €195,571 | +€35,431 | +22.1% |
| Amounts payable after more than one year | 17 | €40,125 | €32,537 | -€7,588 | -18.9% |
| Financial debts | 170/4 | €40,125 | €32,537 | -€7,588 | -18.9% |
| Amounts payable within one year | 42/48 | €120,015 | €163,034 | +€43,019 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €10,703 | €21,181 | +€10,478 | +97.9% |
| Trade debts | 44 | €19,608 | €73,095 | +€53,487 | +273% |
| Suppliers | 440/4 | €19,608 | €73,095 | +€53,487 | +273% |
| Taxes, remuneration and social security | 45 | €75,993 | €63,326 | -€12,667 | -16.7% |
| Taxes | 450/3 | €46,273 | €46,897 | +€624 | +1.3% |
| Remuneration and social security | 454/9 | €29,720 | €16,430 | -€13,291 | -44.7% |
| Other amounts payable | 47/48 | €13,710 | €5,431 | -€8,279 | -60.4% |
| Remuneration, social security and pensions | 62 | €184,254 | €92,084 | -€92,170 | -50.0% |
| Other operating charges | 640/8 | €3,758 | €2,373 | -€1,386 | -36.9% |
| Gross operating margin | 9900 | €221,884 | €128,144 | -€93,739 | -42.2% |
| Operating profit (loss) | 9901 | €33,871 | €33,688 | -€184 | -0.5% |
| Financial income | 75/76B | €41 | €0 | -€41 | -100% |
| Recurring financial income | 75 | €41 | €0 | -€41 | -100% |
| Financial charges | 65/66B | €2,341 | €5,152 | +€2,811 | +120% |
| Recurring financial charges | 65 | €2,341 | €5,152 | +€2,811 | +120% |
| Profit (loss) for the period before taxes | 9903 | €31,571 | €28,535 | -€3,036 | -9.6% |
| Income taxes | 67/77 | €17,582 | €11,500 | -€6,082 | -34.6% |
| Profit (loss) for the period | 9904 | €13,989 | €17,035 | +€3,046 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,989 | €17,035 | +€3,046 | +21.8% |
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 27 October 2026 via checked.be.