Qinobi: 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.
Qinobi
Largest movements
- Tangible fixed assets +€22,584
up €22,584 (+50.1%), from €45,053 to €67,637
of which Plant, machinery and equipment: +€29,000
- Deferred charges and accrued income +€7,980
up €7,980 (+80.1%), from €9,961 to €17,941
- Financial fixed assets +€3,600
new in 2025: €3,600
- Debts after one year +€21,351
up €21,351 (+80.8%), from €26,430 to €47,781
- Current portion of long-term debt +€8,854
up €8,854 (+103%), from €8,557 to €17,411
- Reserves +€7,831
up €7,831 (+63.4%), from €12,347 to €20,178
- Other debts -€2,422
down €2,422 (-100%), from €2,422 to €0
- Depreciation +€6,249
up €6,249 (+92.6%), from €6,748 to €12,997
- Taxes -€2,298
down €2,298 (-48.2%), from €4,772 to €2,474
- Financial charges +€1,228
up €1,228 (+98.2%), from €1,251 to €2,479
- Gross operating margin +€673
up €673 (+2.7%), from €25,103 to €25,776
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 | €67,355 | €102,119 | +€34,763 | +51.6% |
| Fixed assets | 21/28 | €45,053 | €71,237 | +€26,184 | +58.1% |
| Tangible fixed assets | 22/27 | €45,053 | €67,637 | +€22,584 | +50.1% |
| Plant, machinery and equipment | 23 | €11,008 | €40,007 | +€29,000 | +263% |
| Furniture and vehicles | 24 | €10,217 | €7,403 | -€2,814 | -27.5% |
| Other tangible fixed assets | 26 | €23,829 | €20,227 | -€3,602 | -15.1% |
| Financial fixed assets | 28 | - | €3,600 | +€3,600 | |
| Current assets | 29/58 | €22,302 | €30,881 | +€8,579 | +38.5% |
| Amounts receivable within one year | 40/41 | - | €720 | +€720 | |
| Trade receivables | 40 | - | €638 | +€638 | |
| Other amounts receivable | 41 | - | €82 | +€82 | |
| Cash at bank and in hand | 54/58 | €12,341 | €12,220 | -€121 | -1.0% |
| Deferred charges and accrued income | 490/1 | €9,961 | €17,941 | +€7,980 | +80.1% |
| Total equity and liabilities | 10/49 | €67,355 | €102,119 | +€34,763 | +51.6% |
| Equity | 10/15 | €15,847 | €23,678 | +€7,831 | +49.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €12,347 | €20,178 | +€7,831 | +63.4% |
| Distributable reserves | 133 | €12,347 | €20,178 | +€7,831 | +63.4% |
| Amounts payable | 17/49 | €51,508 | €78,441 | +€26,933 | +52.3% |
| Amounts payable after more than one year | 17 | €26,430 | €47,781 | +€21,351 | +80.8% |
| Financial debts | 170/4 | €26,430 | €47,781 | +€21,351 | +80.8% |
| Amounts payable within one year | 42/48 | €25,078 | €30,660 | +€5,581 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €8,557 | €17,411 | +€8,854 | +103% |
| Trade debts | 44 | €2,729 | €2,497 | -€232 | -8.5% |
| Suppliers | 440/4 | €2,729 | €2,497 | -€232 | -8.5% |
| Advances received on contracts in progress | 46 | €586 | €0 | -€586 | -100% |
| Taxes, remuneration and social security | 45 | €10,784 | €10,751 | -€33 | -0.3% |
| Taxes | 450/3 | €10,784 | €10,751 | -€33 | -0.3% |
| Other amounts payable | 47/48 | €2,422 | €0 | -€2,422 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,748 | €12,997 | +€6,249 | +92.6% |
| Gross operating margin | 9900 | €25,103 | €25,776 | +€673 | +2.7% |
| Operating profit (loss) | 9901 | €18,355 | €12,779 | -€5,576 | -30.4% |
| Financial income | 75/76B | €15 | €5 | -€10 | -66.3% |
| Recurring financial income | 75 | €15 | €5 | -€10 | -66.3% |
| Financial charges | 65/66B | €1,251 | €2,479 | +€1,228 | +98.2% |
| Recurring financial charges | 65 | €1,251 | €2,479 | +€1,228 | +98.2% |
| Profit (loss) for the period before taxes | 9903 | €17,120 | €10,305 | -€6,815 | -39.8% |
| Income taxes | 67/77 | €4,772 | €2,474 | -€2,298 | -48.2% |
| Profit (loss) for the period | 9904 | €12,347 | €7,831 | -€4,516 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,347 | €7,831 | -€4,516 | -36.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.