QIU: 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.
QIU
Largest movements
- Receivables within one year -€185,082
down €185,082 (-77.0%), from €240,257 to €55,175
of which Other amounts receivable: -€151,997
- Cash +€89,644
up €89,644 (+39.0%), from €230,152 to €319,796
mainly Receivables within one year (+€185,082) and Net result for the year (+€148,835)
- Tangible fixed assets -€47,534
down €47,534 (-6.1%), from €778,001 to €730,467
of which Plant, machinery and equipment: -€36,278
- Receivables after one year +€20,000
up €20,000 (+14.3%), from €140,000 to €160,000
- Debts after one year -€95,301
down €95,301 (-28.7%), from €331,808 to €236,507
- Reserves -€39,126
down €39,126 (-4.5%), from €876,738 to €837,612
of which Distributable reserves: -€39,126
- Trade debts +€26,025
up €26,025 (+50.3%), from €51,759 to €77,784
- Gross operating margin +€36,607
up €36,607 (+8.4%), from €434,923 to €471,529
- Staff costs +€22,129
up €22,129 (+16.5%), from €134,446 to €156,575
- Financial income -€10,579
down €10,579 (-43.1%), from €24,559 to €13,980
- Depreciation +€7,948
up €7,948 (+9.3%), from €85,524 to €93,472
- Taxes +€5,751
up €5,751 (+9.8%), from €58,684 to €64,435
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 | €1,417,158 | €1,305,621 | -€111,536 | -7.9% |
| Fixed assets | 21/28 | €778,171 | €730,637 | -€47,534 | -6.1% |
| Tangible fixed assets | 22/27 | €778,001 | €730,467 | -€47,534 | -6.1% |
| Land and buildings | 22 | €307,700 | €274,600 | -€33,100 | -10.8% |
| Plant, machinery and equipment | 23 | €463,085 | €426,807 | -€36,278 | -7.8% |
| Furniture and vehicles | 24 | €7,216 | €29,060 | +€21,844 | +303% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €638,986 | €574,984 | -€64,002 | -10.0% |
| Amounts receivable after more than one year | 29 | €140,000 | €160,000 | +€20,000 | +14.3% |
| Other amounts receivable | 291 | €140,000 | €160,000 | +€20,000 | +14.3% |
| Stocks and contracts in progress | 3 | €3,161 | €3,704 | +€543 | +17.2% |
| Stocks | 30/36 | €3,161 | €3,704 | +€543 | +17.2% |
| Amounts receivable within one year | 40/41 | €240,257 | €55,175 | -€185,082 | -77.0% |
| Trade receivables | 40 | €35,908 | €2,823 | -€33,085 | -92.1% |
| Other amounts receivable | 41 | €204,349 | €52,352 | -€151,997 | -74.4% |
| Cash at bank and in hand | 54/58 | €230,152 | €319,796 | +€89,644 | +39.0% |
| Deferred charges and accrued income | 490/1 | €25,417 | €36,309 | +€10,892 | +42.9% |
| Total equity and liabilities | 10/49 | €1,417,158 | €1,305,621 | -€111,536 | -7.9% |
| Equity | 10/15 | €901,738 | €862,612 | -€39,126 | -4.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €876,738 | €837,612 | -€39,126 | -4.5% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €874,238 | €835,112 | -€39,126 | -4.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €515,419 | €443,009 | -€72,410 | -14.0% |
| Amounts payable after more than one year | 17 | €331,808 | €236,507 | -€95,301 | -28.7% |
| Financial debts | 170/4 | €331,808 | €236,507 | -€95,301 | -28.7% |
| Amounts payable within one year | 42/48 | €181,942 | €206,022 | +€24,081 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €92,743 | €95,301 | +€2,558 | +2.8% |
| Trade debts | 44 | €51,759 | €77,784 | +€26,025 | +50.3% |
| Suppliers | 440/4 | €51,759 | €77,784 | +€26,025 | +50.3% |
| Taxes, remuneration and social security | 45 | €37,440 | €32,937 | -€4,503 | -12.0% |
| Taxes | 450/3 | €19,373 | €21,469 | +€2,096 | +10.8% |
| Remuneration and social security | 454/9 | €18,067 | €11,468 | -€6,599 | -36.5% |
| Accrued charges and deferred income | 492/3 | €1,670 | €481 | -€1,190 | -71.2% |
| Remuneration, social security and pensions | 62 | €134,446 | €156,575 | +€22,129 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,524 | €93,472 | +€7,948 | +9.3% |
| Other operating charges | 640/8 | €7,359 | €6,493 | -€865 | -11.8% |
| Gross operating margin | 9900 | €434,923 | €471,529 | +€36,607 | +8.4% |
| Operating profit (loss) | 9901 | €207,594 | €214,989 | +€7,396 | +3.6% |
| Financial income | 75/76B | €24,559 | €13,980 | -€10,579 | -43.1% |
| Recurring financial income | 75 | €24,559 | €13,980 | -€10,579 | -43.1% |
| Financial charges | 65/66B | €14,553 | €15,700 | +€1,147 | +7.9% |
| Recurring financial charges | 65 | €14,553 | €15,700 | +€1,147 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €217,599 | €213,269 | -€4,330 | -2.0% |
| Income taxes | 67/77 | €58,684 | €64,435 | +€5,751 | +9.8% |
| Profit (loss) for the period | 9904 | €158,916 | €148,835 | -€10,081 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €158,916 | €148,835 | -€10,081 | -6.3% |
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 14 October 2026 via checked.be.