QI SOFTWORKS: 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 SOFTWORKS
Largest movements
- Receivables within one year -€23,020
down €23,020 (-50.1%), from €45,954 to €22,934
of which Trade receivables: -€32,501
- Cash +€14,721
up €14,721 (+12.5%), from €117,782 to €132,503
mainly Receivables within one year (+€23,020) and Depreciation (+€7,929)
- Tangible fixed assets -€7,929
down €7,929 (-23.6%), from €33,667 to €25,738
of which Plant, machinery and equipment: -€6,882
- Reserves -€19,880
down €19,880 (-11.4%), from €174,034 to €154,154
- Other debts +€3,143
up €3,143 (+72.7%), from €4,321 to €7,464
- Gross operating margin -€64,220
down €64,220, from €52,329 to -€11,890
- Taxes -€9,159
down €9,159 (-98.5%), from €9,298 to €138
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 | €197,538 | €181,310 | -€16,227 | -8.2% |
| Fixed assets | 21/28 | €33,802 | €25,873 | -€7,929 | -23.5% |
| Tangible fixed assets | 22/27 | €33,667 | €25,738 | -€7,929 | -23.6% |
| Land and buildings | 22 | €1,593 | €1,362 | -€231 | -14.5% |
| Plant, machinery and equipment | 23 | €30,003 | €23,121 | -€6,882 | -22.9% |
| Furniture and vehicles | 24 | €2,071 | €1,255 | -€816 | -39.4% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €163,735 | €155,437 | -€8,298 | -5.1% |
| Amounts receivable within one year | 40/41 | €45,954 | €22,934 | -€23,020 | -50.1% |
| Trade receivables | 40 | €32,501 | - | -€32,501 | |
| Other amounts receivable | 41 | €13,453 | €22,934 | +€9,481 | +70.5% |
| Cash at bank and in hand | 54/58 | €117,782 | €132,503 | +€14,721 | +12.5% |
| Total equity and liabilities | 10/49 | €197,538 | €181,310 | -€16,227 | -8.2% |
| Equity | 10/15 | €192,634 | €172,754 | -€19,880 | -10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,034 | €154,154 | -€19,880 | -11.4% |
| Distributable reserves | 133 | €174,034 | €154,154 | -€19,880 | -11.4% |
| Amounts payable | 17/49 | €4,904 | €8,557 | +€3,653 | +74.5% |
| Amounts payable within one year | 42/48 | €4,904 | €8,157 | +€3,253 | +66.3% |
| Trade debts | 44 | €582 | €692 | +€110 | +18.9% |
| Suppliers | 440/4 | €582 | €692 | +€110 | +18.9% |
| Other amounts payable | 47/48 | €4,321 | €7,464 | +€3,143 | +72.7% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,450 | €7,929 | -€520 | -6.2% |
| Other operating charges | 640/8 | €302 | €450 | +€148 | +49.0% |
| Gross operating margin | 9900 | €52,329 | -€11,890 | -€64,220 | |
| Operating profit (loss) | 9901 | €43,578 | -€20,269 | -€63,847 | |
| Financial income | 75/76B | €727 | €645 | -€82 | -11.2% |
| Recurring financial income | 75 | €727 | €645 | -€82 | -11.2% |
| Financial charges | 65/66B | €105 | €118 | +€12 | +11.9% |
| Recurring financial charges | 65 | €105 | €118 | +€12 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €44,200 | -€19,742 | -€63,941 | |
| Income taxes | 67/77 | €9,298 | €138 | -€9,159 | -98.5% |
| Profit (loss) for the period | 9904 | €34,902 | -€19,880 | -€54,782 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,902 | -€19,880 | -€54,782 |
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 28 October 2026 via checked.be.