Qity: 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.
Qity
Largest movements
- Tangible fixed assets +€712,697
up €712,697 (+101%), from €703,202 to €1.4m
of which Assets under construction and advance payments: +€701,253
- Receivables within one year +€542,537
up €542,537 (+133%), from €409,271 to €951,808
of which Other amounts receivable: +€537,790
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€96,282
up €96,282 (+209%), from €46,080 to €142,361
mainly Contributions, distributions and other (+€1.5m) and Debts after one year (+€191,304)
- Receivables after one year +€75,982
new in 2025: €75,982
- Investment grants +€837,419
up €837,419 (+464%), from €180,629 to €1.0m
- Contributions +€669,946
up €669,946 (+181%), from €371,000 to €1.0m
- Profit (loss) carried forward -€338,452
down €338,452 (-197%), from -€171,704 to -€510,156
- Debts after one year +€191,304
up €191,304 (+43.3%), from €441,411 to €632,714
of which Financial debts: +€435,000
- Trade debts -€54,285
down €54,285 (-16.4%), from €330,624 to €276,339
- Staff costs +€69,190
up €69,190 (+11.0%), from €626,218 to €695,408
- Gross operating margin +€30,496
up €30,496 (+8.3%), from €366,748 to €397,244
- Financial charges +€14,394
up €14,394 (+91.5%), from €15,726 to €30,121
- Financial income -€6,620
down €6,620 (-73.8%), from €8,971 to €2,351
- Depreciation +€4,896
up €4,896 (+79.5%), from €6,157 to €11,053
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 | €1,261,696 | €2,607,504 | +€1.3m | +107% |
| Fixed assets | 21/28 | €703,202 | €1,421,037 | +€717,835 | +102% |
| Tangible fixed assets | 22/27 | €703,202 | €1,415,899 | +€712,697 | +101% |
| Furniture and vehicles | 24 | €17,424 | €26,557 | +€9,133 | +52.4% |
| Other tangible fixed assets | 26 | - | €2,311 | +€2,311 | |
| Assets under construction and advance payments | 27 | €685,778 | €1,387,031 | +€701,253 | +102% |
| Financial fixed assets | 28 | - | €5,138 | +€5,138 | |
| Current assets | 29/58 | €558,494 | €1,186,467 | +€627,973 | +112% |
| Amounts receivable after more than one year | 29 | - | €75,982 | +€75,982 | |
| Trade receivables | 290 | - | €75,982 | +€75,982 | |
| Amounts receivable within one year | 40/41 | €409,271 | €951,808 | +€542,537 | +133% |
| Trade receivables | 40 | €157,969 | €162,716 | +€4,747 | +3.0% |
| Other amounts receivable | 41 | €251,302 | €789,092 | +€537,790 | +214% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €46,080 | €142,361 | +€96,282 | +209% |
| Deferred charges and accrued income | 490/1 | €3,143 | €16,316 | +€13,173 | +419% |
| Total equity and liabilities | 10/49 | €1,261,696 | €2,607,504 | +€1.3m | +107% |
| Equity | 10/15 | €379,925 | €1,548,838 | +€1.2m | +308% |
| Contributions | 10/11 | €371,000 | €1,040,946 | +€669,946 | +181% |
| Profit (loss) carried forward | 14 | -€171,704 | -€510,156 | -€338,452 | -197% |
| Investment grants | 15 | €180,629 | €1,018,048 | +€837,419 | +464% |
| Amounts payable | 17/49 | €881,771 | €1,058,666 | +€176,895 | +20.1% |
| Amounts payable after more than one year | 17 | €441,411 | €632,714 | +€191,304 | +43.3% |
| Financial debts | 170/4 | €45,000 | €480,000 | +€435,000 | +967% |
| Other amounts payable | 178/9 | €396,411 | €152,714 | -€243,696 | -61.5% |
| Amounts payable within one year | 42/48 | €440,361 | €425,952 | -€14,409 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €18,750 | €18,750 | = | 0.0% |
| Trade debts | 44 | €330,624 | €276,339 | -€54,285 | -16.4% |
| Suppliers | 440/4 | €330,624 | €276,339 | -€54,285 | -16.4% |
| Taxes, remuneration and social security | 45 | €80,846 | €121,108 | +€40,261 | +49.8% |
| Taxes | 450/3 | €19,976 | €621 | -€19,355 | -96.9% |
| Remuneration and social security | 454/9 | €60,871 | €120,487 | +€59,616 | +97.9% |
| Other amounts payable | 47/48 | €10,141 | €9,756 | -€385 | -3.8% |
| Remuneration, social security and pensions | 62 | €626,218 | €695,408 | +€69,190 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,157 | €11,053 | +€4,896 | +79.5% |
| Other operating charges | 640/8 | €1,388 | €844 | -€544 | -39.2% |
| Gross operating margin | 9900 | €366,748 | €397,244 | +€30,496 | +8.3% |
| Operating profit (loss) | 9901 | -€267,014 | -€310,062 | -€43,047 | -16.1% |
| Financial income | 75/76B | €8,971 | €2,351 | -€6,620 | -73.8% |
| Recurring financial income | 75 | €8,971 | €2,351 | -€6,620 | -73.8% |
| Financial charges | 65/66B | €15,726 | €30,121 | +€14,394 | +91.5% |
| Recurring financial charges | 65 | €15,726 | €30,121 | +€14,394 | +91.5% |
| Profit (loss) for the period before taxes | 9903 | -€273,769 | -€337,831 | -€64,062 | -23.4% |
| Income taxes | 67/77 | €73 | €621 | +€547 | +747% |
| Profit (loss) for the period | 9904 | -€273,842 | -€338,452 | -€64,609 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€273,842 | -€338,452 | -€64,609 | -23.6% |
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 16 October 2026 via checked.be.