Qihoti: 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.
Qihoti
Largest movements
- Receivables within one year +€19,479
up €19,479 (+78.3%), from €24,873 to €44,352
of which Trade receivables: +€17,734
- Deferred charges and accrued income -€19,443
down €19,443 (-95.7%), from €20,317 to €874
- Cash +€14,614
up €14,614 (+40.4%), from €36,165 to €50,778
mainly Net result for the year (+€86,240) and Other debts (+€42,964)
- Tangible fixed assets -€10,869
down €10,869 (-25.7%), from €42,315 to €31,446
of which Furniture and vehicles: -€9,578
- Other debts +€42,964
up €42,964 (+205.0%), from €20,953 to €63,918
- Reserves -€40,457
no longer reported in 2026 (was €40,457)
- Profit (loss) carried forward +€11,240
new in 2026: €11,240
- Debts after one year -€8,735
down €8,735 (-30.3%), from €28,807 to €20,071
- Trade debts -€2,197
down €2,197 (-67.1%), from €3,276 to €1,079
- Gross operating margin +€84,699
up €84,699 (+227.1%), from €37,298 to €121,997
- Write-downs +€28,700
no longer reported in 2026 (was -€28,700)
- Other operating charges -€28,684
down €28,684 (-98.0%), from €29,269 to €585
- Taxes +€17,215
up €17,215 (+303.8%), from €5,667 to €22,882
- Depreciation +€1,573
up €1,573 (+16.9%), from €9,296 to €10,869
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,170 | €127,951 | +€3,781 | +3.0% |
| Fixed assets | 21/28 | €42,815 | €31,946 | -€10,869 | -25.4% |
| Tangible fixed assets | 22/27 | €42,315 | €31,446 | -€10,869 | -25.7% |
| Plant, machinery and equipment | 23 | €2,271 | €981 | -€1,291 | -56.8% |
| Furniture and vehicles | 24 | €40,044 | €30,466 | -€9,578 | -23.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €81,355 | €96,004 | +€14,650 | +18.0% |
| Amounts receivable within one year | 40/41 | €24,873 | €44,352 | +€19,479 | +78.3% |
| Trade receivables | 40 | €23,540 | €41,274 | +€17,734 | +75.3% |
| Other amounts receivable | 41 | €1,333 | €3,078 | +€1,745 | +130.9% |
| Cash at bank and in hand | 54/58 | €36,165 | €50,778 | +€14,614 | +40.4% |
| Deferred charges and accrued income | 490/1 | €20,317 | €874 | -€19,443 | -95.7% |
| Total equity and liabilities | 10/49 | €124,170 | €127,951 | +€3,781 | +3.0% |
| Equity | 10/15 | €59,057 | €29,840 | -€29,218 | -49.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,457 | - | -€40,457 | |
| Distributable reserves | 133 | €40,457 | - | -€40,457 | |
| Profit (loss) carried forward | 14 | - | €11,240 | +€11,240 | |
| Amounts payable | 17/49 | €65,112 | €98,111 | +€32,999 | +50.7% |
| Amounts payable after more than one year | 17 | €28,807 | €20,071 | -€8,735 | -30.3% |
| Financial debts | 170/4 | €28,807 | €20,071 | -€8,735 | -30.3% |
| Amounts payable within one year | 42/48 | €35,698 | €78,040 | +€42,342 | +118.6% |
| Current portion of amounts payable after more than one year | 42 | €8,419 | €8,735 | +€317 | +3.8% |
| Trade debts | 44 | €3,276 | €1,079 | -€2,197 | -67.1% |
| Suppliers | 440/4 | €3,276 | €1,079 | -€2,197 | -67.1% |
| Taxes, remuneration and social security | 45 | €3,050 | €4,307 | +€1,257 | +41.2% |
| Taxes | 450/3 | €528 | €1,769 | +€1,241 | +234.9% |
| Remuneration and social security | 454/9 | €2,521 | €2,538 | +€17 | +0.7% |
| Other amounts payable | 47/48 | €20,953 | €63,918 | +€42,964 | +205.0% |
| Accrued charges and deferred income | 492/3 | €608 | - | -€608 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,296 | €10,869 | +€1,573 | +16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€28,700 | - | +€28,700 | |
| Other operating charges | 640/8 | €29,269 | €585 | -€28,684 | -98.0% |
| Gross operating margin | 9900 | €37,298 | €121,997 | +€84,699 | +227.1% |
| Operating profit (loss) | 9901 | €27,433 | €110,543 | +€83,110 | +303.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,471 | €1,421 | -€50 | -3.4% |
| Recurring financial charges | 65 | €1,471 | €1,421 | -€50 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €25,963 | €109,122 | +€83,159 | +320.3% |
| Income taxes | 67/77 | €5,667 | €22,882 | +€17,215 | +303.8% |
| Profit (loss) for the period | 9904 | €20,296 | €86,240 | +€65,944 | +324.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,296 | €86,240 | +€65,944 | +324.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.