QIBS: what changed
Two fiscal 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.
QIBS
Largest movements
- Cash +€57,865
up €57,865 (+5285.4%), from €1,095 to €58,960
mainly Receivables within one year (+€36,979) and Trade debts (+€12,180)
- Receivables within one year -€36,979
down €36,979 (-27.5%), from €134,337 to €97,358
of which Other amounts receivable: -€29,997
- Deferred charges and accrued income -€11,457
no longer reported in 2024 (was €11,457)
- Tangible fixed assets +€10,206
up €10,206 (+17.8%), from €57,345 to €67,551
of which Plant, machinery and equipment: +€14,241
- Trade debts +€12,180
up €12,180 (+128.7%), from €9,462 to €21,642
- Reserves +€6,717
up €6,717 (+3.7%), from €181,290 to €188,007
- Gross operating margin +€5,854
up €5,854 (+49.0%), from €11,954 to €17,808
- Staff costs +€2,567
new in 2024: €2,567
- Depreciation +€2,534
up €2,534 (+38.5%), from €6,576 to €9,110
- Financial income -€346
down €346 (-13.3%), from €2,607 to €2,261
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €205,484 | €225,119 | +€19,635 | +9.6% |
| Fixed assets | 21/28 | €58,345 | €68,551 | +€10,206 | +17.5% |
| Tangible fixed assets | 22/27 | €57,345 | €67,551 | +€10,206 | +17.8% |
| Land and buildings | 22 | €29,734 | €28,034 | -€1,700 | -5.7% |
| Plant, machinery and equipment | 23 | €20,775 | €35,016 | +€14,241 | +68.5% |
| Furniture and vehicles | 24 | €6,836 | €4,501 | -€2,335 | -34.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €147,139 | €156,568 | +€9,429 | +6.4% |
| Amounts receivable within one year | 40/41 | €134,337 | €97,358 | -€36,979 | -27.5% |
| Trade receivables | 40 | €63,103 | €56,121 | -€6,982 | -11.1% |
| Other amounts receivable | 41 | €71,234 | €41,237 | -€29,997 | -42.1% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,095 | €58,960 | +€57,865 | +5285.4% |
| Deferred charges and accrued income | 490/1 | €11,457 | - | -€11,457 | |
| Total equity and liabilities | 10/49 | €205,484 | €225,119 | +€19,635 | +9.6% |
| Equity | 10/15 | €193,690 | €200,407 | +€6,717 | +3.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €181,290 | €188,007 | +€6,717 | +3.7% |
| Distributable reserves | 133 | €181,290 | €188,007 | +€6,717 | +3.7% |
| Amounts payable | 17/49 | €11,794 | €24,712 | +€12,918 | +109.5% |
| Amounts payable after more than one year | 17 | €928 | - | -€928 | |
| Financial debts | 170/4 | €928 | - | -€928 | |
| Amounts payable within one year | 42/48 | €10,866 | €24,712 | +€13,846 | +127.4% |
| Current portion of amounts payable after more than one year | 42 | €1,257 | €928 | -€329 | -26.2% |
| Trade debts | 44 | €9,462 | €21,642 | +€12,180 | +128.7% |
| Suppliers | 440/4 | €9,462 | €21,642 | +€12,180 | +128.7% |
| Taxes, remuneration and social security | 45 | €147 | €2,142 | +€1,995 | +1356.4% |
| Taxes | 450/3 | €147 | €582 | +€435 | +295.6% |
| Remuneration and social security | 454/9 | - | €1,560 | +€1,560 | |
| Remuneration, social security and pensions | 62 | - | €2,567 | +€2,567 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,576 | €9,110 | +€2,534 | +38.5% |
| Other operating charges | 640/8 | €1,107 | €1,094 | -€13 | -1.2% |
| Gross operating margin | 9900 | €11,954 | €17,808 | +€5,854 | +49.0% |
| Operating profit (loss) | 9901 | €4,271 | €5,037 | +€766 | +17.9% |
| Financial income | 75/76B | €2,607 | €2,261 | -€346 | -13.3% |
| Recurring financial income | 75 | €2,607 | €2,261 | -€346 | -13.3% |
| Financial charges | 65/66B | €259 | €436 | +€177 | +68.3% |
| Recurring financial charges | 65 | €259 | €436 | +€177 | +68.3% |
| Profit (loss) for the period before taxes | 9903 | €6,619 | €6,862 | +€243 | +3.7% |
| Income taxes | 67/77 | €147 | €145 | -€2 | -1.2% |
| Profit (loss) for the period | 9904 | €6,472 | €6,717 | +€245 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,472 | €6,717 | +€245 | +3.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.