QiBeats: 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.
QiBeats
Largest movements
- Receivables after one year -€931,295
down €931,295 (-41.4%), from €2.2m to €1.3m
- Cash -€785,732
down €785,732 (-75.8%), from €1.0m to €251,312
mainly Net result for the year (-€689,031) and Other debts (-€477,954)
- Receivables within one year +€401,256
up €401,256 (+389%), from €103,139 to €504,394
of which Other amounts receivable: +€408,016
- Profit (loss) carried forward -€689,031
new in 2025: -€689,031
- Other debts -€477,954
down €477,954 (-100%), from €477,954 to €0
- Debts after one year -€111,853
down €111,853 (-13.9%), from €802,396 to €690,544
- Tax, wage and social debts -€64,463
down €64,463 (-30.1%), from €214,262 to €149,799
of which Taxes: -€64,435
- Gross operating margin -€2.5m
down €2.5m (-95.3%), from €2.7m to €125,176
- Write-downs +€1.0m
new in 2025: €1.0m
- Taxes -€835,428
down €835,428 (-98.8%), from €845,428 to €10,000
- Financial income +€213,347
up €213,347 (+257%), from €82,914 to €296,260
of which Non-recurring financial income: +€197,875
- Financial charges -€49,377
down €49,377 (-77.1%), from €64,051 to €14,675
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 | €4,917,475 | €3,544,517 | -€1.4m | -27.9% |
| Fixed assets | 21/28 | €1,452,824 | €1,396,683 | -€56,142 | -3.9% |
| Tangible fixed assets | 22/27 | €1,143,824 | €1,109,483 | -€34,342 | -3.0% |
| Land and buildings | 22 | €1,135,256 | €1,104,382 | -€30,873 | -2.7% |
| Plant, machinery and equipment | 23 | €3,062 | €1,779 | -€1,283 | -41.9% |
| Furniture and vehicles | 24 | €5,507 | €3,321 | -€2,186 | -39.7% |
| Financial fixed assets | 28 | €309,000 | €287,200 | -€21,800 | -7.1% |
| Current assets | 29/58 | €3,464,650 | €2,147,835 | -€1.3m | -38.0% |
| Amounts receivable after more than one year | 29 | €2,249,174 | €1,317,878 | -€931,295 | -41.4% |
| Other amounts receivable | 291 | €2,249,174 | €1,317,878 | -€931,295 | -41.4% |
| Amounts receivable within one year | 40/41 | €103,139 | €504,394 | +€401,256 | +389% |
| Trade receivables | 40 | €42,363 | €35,603 | -€6,761 | -16.0% |
| Other amounts receivable | 41 | €60,775 | €468,791 | +€408,016 | +671% |
| Cash at bank and in hand | 54/58 | €1,037,044 | €251,312 | -€785,732 | -75.8% |
| Deferred charges and accrued income | 490/1 | €75,294 | €74,250 | -€1,043 | -1.4% |
| Total equity and liabilities | 10/49 | €4,917,475 | €3,544,517 | -€1.4m | -27.9% |
| Equity | 10/15 | €3,254,147 | €2,565,116 | -€689,031 | -21.2% |
| Contributions | 10/11 | €1,246,000 | €1,246,000 | = | 0.0% |
| Reserves | 13 | €2,008,147 | €2,008,147 | = | 0.0% |
| Distributable reserves | 133 | €2,008,147 | €2,008,147 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€689,031 | -€689,031 | |
| Amounts payable | 17/49 | €1,663,328 | €979,401 | -€683,926 | -41.1% |
| Amounts payable after more than one year | 17 | €802,396 | €690,544 | -€111,853 | -13.9% |
| Financial debts | 170/4 | €802,396 | €690,544 | -€111,853 | -13.9% |
| Amounts payable within one year | 42/48 | €820,463 | €270,890 | -€549,573 | -67.0% |
| Current portion of amounts payable after more than one year | 42 | €119,110 | €121,091 | +€1,980 | +1.7% |
| Trade debts | 44 | €9,136 | €0 | -€9,136 | -100% |
| Suppliers | 440/4 | €9,136 | €0 | -€9,136 | -100% |
| Taxes, remuneration and social security | 45 | €214,262 | €149,799 | -€64,463 | -30.1% |
| Taxes | 450/3 | €208,331 | €143,896 | -€64,435 | -30.9% |
| Remuneration and social security | 454/9 | €5,931 | €5,903 | -€28 | -0.5% |
| Other amounts payable | 47/48 | €477,954 | €0 | -€477,954 | -100% |
| Accrued charges and deferred income | 492/3 | €40,468 | €17,967 | -€22,501 | -55.6% |
| Non-recurring operating income | 76A | €2,516,184 | €0 | -€2.5m | -100% |
| Remuneration, social security and pensions | 62 | €17,019 | €18,775 | +€1,756 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,551 | €34,342 | +€2,791 | +8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,026,082 | +€1.0m | |
| Other operating charges | 640/8 | €26,307 | €6,593 | -€19,714 | -74.9% |
| Gross operating margin | 9900 | €2,663,472 | €125,176 | -€2.5m | -95.3% |
| Operating profit (loss) | 9901 | €2,588,596 | -€960,616 | -€3.5m | |
| Financial income | 75/76B | €82,914 | €296,260 | +€213,347 | +257% |
| Recurring financial income | 75 | €82,914 | €98,385 | +€15,472 | +18.7% |
| Non-recurring financial income | 76B | - | €197,875 | +€197,875 | |
| Financial charges | 65/66B | €64,051 | €14,675 | -€49,377 | -77.1% |
| Recurring financial charges | 65 | €64,051 | €14,675 | -€49,377 | -77.1% |
| Profit (loss) for the period before taxes | 9903 | €2,607,458 | -€679,031 | -€3.3m | |
| Income taxes | 67/77 | €845,428 | €10,000 | -€835,428 | -98.8% |
| Profit (loss) for the period | 9904 | €1,762,030 | -€689,031 | -€2.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,762,030 | -€689,031 | -€2.5m |
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 22 October 2026 via checked.be.