Qiwy Flex: 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.
Qiwy Flex
Largest movements
- Receivables within one year +€10,836
up €10,836 (+46.8%), from €23,150 to €33,986
of which Other amounts receivable: +€15,609
- Tangible fixed assets +€6,435
up €6,435 (+292%), from €2,203 to €8,638
of which Furniture and vehicles: +€6,628
- Cash +€5,306
up €5,306 (+77.8%), from €6,817 to €12,124
mainly Net result for the year (+€20,699) and Tax, wage and social debts (+€5,694)
- Deferred charges and accrued income +€1,812
up €1,812 (+3,420%), from €53 to €1,865
- Reserves +€20,000
new in 2025: €20,000
- Tax, wage and social debts +€5,694
up €5,694 (+57.4%), from €9,915 to €15,610
of which Taxes: +€5,969
- Short-term financial debts -€4,287
no longer reported in 2025 (was €4,287)
- Trade debts +€2,283
up €2,283 (+115%), from €1,990 to €4,273
- Profit (loss) carried forward +€699
up €699 (+7.0%), from €10,031 to €10,730
- Gross operating margin +€22,750
up €22,750 (+74.2%), from €30,651 to €53,400
- Taxes +€8,304
up €8,304 (+200%), from €4,144 to €12,448
- Staff costs +€1,043
up €1,043 (+6.3%), from €16,441 to €17,484
- Other operating charges -€671
down €671 (-43.7%), from €1,536 to €865
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 | €32,223 | €56,613 | +€24,390 | +75.7% |
| Fixed assets | 21/28 | €2,203 | €8,638 | +€6,435 | +292% |
| Tangible fixed assets | 22/27 | €2,203 | €8,638 | +€6,435 | +292% |
| Plant, machinery and equipment | 23 | €606 | €413 | -€193 | -31.8% |
| Furniture and vehicles | 24 | €1,597 | €8,225 | +€6,628 | +415% |
| Current assets | 29/58 | €30,021 | €47,975 | +€17,954 | +59.8% |
| Amounts receivable within one year | 40/41 | €23,150 | €33,986 | +€10,836 | +46.8% |
| Trade receivables | 40 | €7,058 | €2,285 | -€4,773 | -67.6% |
| Other amounts receivable | 41 | €16,092 | €31,702 | +€15,609 | +97.0% |
| Cash at bank and in hand | 54/58 | €6,817 | €12,124 | +€5,306 | +77.8% |
| Deferred charges and accrued income | 490/1 | €53 | €1,865 | +€1,812 | +3,420% |
| Total equity and liabilities | 10/49 | €32,223 | €56,613 | +€24,390 | +75.7% |
| Equity | 10/15 | €16,031 | €36,730 | +€20,699 | +129% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | - | €20,000 | +€20,000 | |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €10,031 | €10,730 | +€699 | +7.0% |
| Amounts payable | 17/49 | €16,192 | €19,883 | +€3,691 | +22.8% |
| Amounts payable within one year | 42/48 | €16,192 | €19,883 | +€3,691 | +22.8% |
| Financial debts | 43 | €4,287 | - | -€4,287 | |
| Credit institutions | 430/8 | €4,287 | - | -€4,287 | |
| Trade debts | 44 | €1,990 | €4,273 | +€2,283 | +115% |
| Suppliers | 440/4 | €1,990 | €4,273 | +€2,283 | +115% |
| Taxes, remuneration and social security | 45 | €9,915 | €15,610 | +€5,694 | +57.4% |
| Taxes | 450/3 | €8,925 | €14,894 | +€5,969 | +66.9% |
| Remuneration and social security | 454/9 | €990 | €716 | -€275 | -27.7% |
| Non-recurring operating income | 76A | €17,473 | - | -€17,473 | |
| Remuneration, social security and pensions | 62 | €16,441 | €17,484 | +€1,043 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,166 | €1,765 | -€401 | -18.5% |
| Other operating charges | 640/8 | €1,536 | €865 | -€671 | -43.7% |
| Gross operating margin | 9900 | €30,651 | €53,400 | +€22,750 | +74.2% |
| Operating profit (loss) | 9901 | €10,507 | €33,286 | +€22,779 | +217% |
| Financial income | 75/76B | €4 | €25 | +€21 | +509% |
| Recurring financial income | 75 | €4 | €25 | +€21 | +509% |
| Financial charges | 65/66B | €329 | €165 | -€164 | -49.8% |
| Recurring financial charges | 65 | €329 | €165 | -€164 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €10,183 | €33,147 | +€22,964 | +226% |
| Income taxes | 67/77 | €4,144 | €12,448 | +€8,304 | +200% |
| Profit (loss) for the period | 9904 | €6,039 | €20,699 | +€14,661 | +243% |
| Profit (loss) for the period to be appropriated | 9905 | €6,039 | €20,699 | +€14,661 | +243% |
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.