Qiiwi: 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.
Qiiwi
Largest movements
- Current investments +€362,816
up €362,816 (+49.5%), from €733,694 to €1.1m
- Cash +€175,243
up €175,243 (+996.8%), from €17,581 to €192,825
mainly Net result for the year (+€519,036) and Current portion of long-term debt (+€76,200)
- Receivables within one year +€93,450
up €93,450 (+85.4%), from €109,429 to €202,879
- Profit (loss) carried forward +€519,036
up €519,036 (+69.1%), from €751,534 to €1.3m
- Current portion of long-term debt +€76,200
new in 2025: €76,200
- Tax, wage and social debts +€49,458
up €49,458 (+35.1%), from €140,882 to €190,341
of which Taxes: +€45,649
- Gross operating margin +€302,701
up €302,701 (+63.2%), from €479,033 to €781,734
- Taxes +€67,185
up €67,185 (+57.9%), from €116,133 to €183,318
- Financial charges +€18,338
up €18,338 (+42.8%), from €42,839 to €61,177
of which Non-recurring financial charges: +€20,117
- Staff costs +€9,705
new in 2025: €9,705
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.
Cash bridge derived
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 | €936,925 | €1,569,353 | +€632,428 | +67.5% |
| Fixed assets | 21/28 | €70,357 | €76,930 | +€6,573 | +9.3% |
| Tangible fixed assets | 22/27 | €70,357 | €76,930 | +€6,573 | +9.3% |
| Plant, machinery and equipment | 23 | €540 | €1,151 | +€610 | +113.0% |
| Furniture and vehicles | 24 | €2,111 | €6,857 | +€4,746 | +224.9% |
| Other tangible fixed assets | 26 | €67,706 | €68,923 | +€1,217 | +1.8% |
| Current assets | 29/58 | €866,568 | €1,492,423 | +€625,854 | +72.2% |
| Amounts receivable within one year | 40/41 | €109,429 | €202,879 | +€93,450 | +85.4% |
| Trade receivables | 40 | €109,429 | €202,879 | +€93,450 | +85.4% |
| Current investments | 50/53 | €733,694 | €1,096,510 | +€362,816 | +49.5% |
| Cash at bank and in hand | 54/58 | €17,581 | €192,825 | +€175,243 | +996.8% |
| Deferred charges and accrued income | 490/1 | €5,864 | €209 | -€5,654 | -96.4% |
| Total equity and liabilities | 10/49 | €936,925 | €1,569,353 | +€632,428 | +67.5% |
| Equity | 10/15 | €754,534 | €1,273,570 | +€519,036 | +68.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €751,534 | €1,270,570 | +€519,036 | +69.1% |
| Amounts payable | 17/49 | €182,390 | €295,782 | +€113,392 | +62.2% |
| Amounts payable within one year | 42/48 | €182,390 | €295,782 | +€113,392 | +62.2% |
| Current portion of amounts payable after more than one year | 42 | - | €76,200 | +€76,200 | |
| Trade debts | 44 | €20,494 | €19,696 | -€799 | -3.9% |
| Suppliers | 440/4 | €20,494 | €19,696 | -€799 | -3.9% |
| Taxes, remuneration and social security | 45 | €140,882 | €190,341 | +€49,458 | +35.1% |
| Taxes | 450/3 | €140,882 | €186,531 | +€45,649 | +32.4% |
| Remuneration and social security | 454/9 | - | €3,809 | +€3,809 | |
| Other amounts payable | 47/48 | €21,014 | €9,546 | -€11,468 | -54.6% |
| Remuneration, social security and pensions | 62 | - | €9,705 | +€9,705 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,796 | €11,661 | +€865 | +8.0% |
| Other operating charges | 640/8 | €2,667 | €4,908 | +€2,240 | +84.0% |
| Gross operating margin | 9900 | €479,033 | €781,734 | +€302,701 | +63.2% |
| Operating profit (loss) | 9901 | €465,569 | €755,460 | +€289,890 | +62.3% |
| Financial income | 75/76B | €10,086 | €8,071 | -€2,015 | -20.0% |
| Recurring financial income | 75 | €10,086 | €8,071 | -€2,015 | -20.0% |
| Financial charges | 65/66B | €42,839 | €61,177 | +€18,338 | +42.8% |
| Recurring financial charges | 65 | €42,839 | €41,060 | -€1,779 | -4.2% |
| Non-recurring financial charges | 66B | - | €20,117 | +€20,117 | |
| Profit (loss) for the period before taxes | 9903 | €432,816 | €702,354 | +€269,537 | +62.3% |
| Income taxes | 67/77 | €116,133 | €183,318 | +€67,185 | +57.9% |
| Profit (loss) for the period | 9904 | €316,684 | €519,036 | +€202,352 | +63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €316,684 | €519,036 | +€202,352 | +63.9% |
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 10 October 2026 via checked.be.