QUBA: 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.
QUBA
Largest movements
- Receivables within one year -€26,783
down €26,783 (-34.0%), from €78,662 to €51,878
of which Other amounts receivable: -€15,833
- Cash +€13,759
up €13,759 (+268%), from €5,138 to €18,896
mainly Receivables within one year (+€26,783) and Net result for the year (+€6,961)
- Profit (loss) carried forward -€13,039
down €13,039 (-20.8%), from €62,754 to €49,715
- Tax, wage and social debts +€3,495
up €3,495 (+44.9%), from €7,780 to €11,275
of which Remuneration and social security: +€3,003
- Short-term financial debts -€3,087
no longer reported in 2025 (was €3,087)
- Gross operating margin +€6,061
up €6,061 (+217%), from €2,798 to €8,859
- Taxes +€2,020
up €2,020 (+96.7%), from €2,089 to €4,110
- Depreciation -€577
no longer reported in 2025 (was €577)
- Other operating charges +€238
up €238 (+54.5%), from €437 to €675
- Financial income +€157
up €157 (+4.8%), from €3,263 to €3,419
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 | €83,799 | €70,775 | -€13,025 | -15.5% |
| Current assets | 29/58 | €83,799 | €70,775 | -€13,025 | -15.5% |
| Amounts receivable within one year | 40/41 | €78,662 | €51,878 | -€26,783 | -34.0% |
| Trade receivables | 40 | €14,096 | €3,145 | -€10,951 | -77.7% |
| Other amounts receivable | 41 | €64,566 | €48,733 | -€15,833 | -24.5% |
| Cash at bank and in hand | 54/58 | €5,138 | €18,896 | +€13,759 | +268% |
| Total equity and liabilities | 10/49 | €83,799 | €70,775 | -€13,025 | -15.5% |
| Equity | 10/15 | €70,814 | €57,775 | -€13,039 | -18.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,754 | €49,715 | -€13,039 | -20.8% |
| Amounts payable | 17/49 | €12,985 | €13,000 | +€14 | +0.1% |
| Amounts payable within one year | 42/48 | €12,985 | €13,000 | +€14 | +0.1% |
| Financial debts | 43 | €3,087 | - | -€3,087 | |
| Credit institutions | 430/8 | €3,087 | - | -€3,087 | |
| Trade debts | 44 | €2,119 | €1,725 | -€394 | -18.6% |
| Suppliers | 440/4 | €2,119 | €1,725 | -€394 | -18.6% |
| Taxes, remuneration and social security | 45 | €7,780 | €11,275 | +€3,495 | +44.9% |
| Taxes | 450/3 | €7,780 | €8,271 | +€492 | +6.3% |
| Remuneration and social security | 454/9 | - | €3,003 | +€3,003 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €577 | - | -€577 | |
| Other operating charges | 640/8 | €437 | €675 | +€238 | +54.5% |
| Gross operating margin | 9900 | €2,798 | €8,859 | +€6,061 | +217% |
| Operating profit (loss) | 9901 | €1,784 | €8,184 | +€6,400 | +359% |
| Financial income | 75/76B | €3,263 | €3,419 | +€157 | +4.8% |
| Recurring financial income | 75 | €3,263 | €3,419 | +€157 | +4.8% |
| Financial charges | 65/66B | €559 | €533 | -€26 | -4.7% |
| Recurring financial charges | 65 | €559 | €533 | -€26 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €4,488 | €11,071 | +€6,583 | +147% |
| Income taxes | 67/77 | €2,089 | €4,110 | +€2,020 | +96.7% |
| Profit (loss) for the period | 9904 | €2,399 | €6,961 | +€4,562 | +190% |
| Profit (loss) for the period to be appropriated | 9905 | €2,399 | €6,961 | +€4,562 | +190% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.