Qubbe: 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.
Qubbe
Largest movements
- Receivables within one year +€29,718
up €29,718 (+105.9%), from €28,062 to €57,780
of which Trade receivables: +€40,725
- Tangible fixed assets -€6,974
down €6,974 (-13.5%), from €51,642 to €44,668
of which Land and buildings: -€5,171
- Deferred charges and accrued income +€3,224
up €3,224 (+161.1%), from €2,002 to €5,225
- Stocks and contracts +€2,853
up €2,853 (+19.9%), from €14,340 to €17,193
- Cash +€2,635
up €2,635 (+60.8%), from €4,336 to €6,970
mainly Tax, wage and social debts (+€46,121) and Depreciation (+€11,958)
- Tax, wage and social debts +€46,121
up €46,121 (+153.1%), from €30,127 to €76,248
of which Remuneration and social security: +€42,408
- Current portion of long-term debt -€15,856
down €15,856 (-99.9%), from €15,869 to €13
- Profit (loss) carried forward +€11,067
up €11,067 (+54.7%), from -€20,221 to -€9,154
- Trade debts -€8,632
down €8,632 (-56.5%), from €15,270 to €6,638
- Staff costs +€30,569
up €30,569 (+26.1%), from €117,266 to €147,835
- Gross operating margin +€25,158
up €25,158 (+16.2%), from €155,273 to €180,431
- Other operating charges -€15,322
down €15,322 (-94.5%), from €16,212 to €889
- Taxes +€8,509
up €8,509 (+6099.0%), from €140 to €8,649
- Financial income +€2,183
up €2,183 (+594.3%), from €367 to €2,550
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.
Cash bridge derived
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 | €100,380 | €132,909 | +€32,529 | +32.4% |
| Fixed assets | 21/28 | €51,642 | €45,741 | -€5,900 | -11.4% |
| Intangible fixed assets | 21 | - | €1,074 | +€1,074 | |
| Tangible fixed assets | 22/27 | €51,642 | €44,668 | -€6,974 | -13.5% |
| Land and buildings | 22 | €20,790 | €15,619 | -€5,171 | -24.9% |
| Plant, machinery and equipment | 23 | €30,172 | €25,137 | -€5,036 | -16.7% |
| Furniture and vehicles | 24 | €679 | €339 | -€340 | -50.1% |
| Other tangible fixed assets | 26 | - | €3,573 | +€3,573 | |
| Current assets | 29/58 | €48,738 | €87,168 | +€38,430 | +78.8% |
| Stocks and contracts in progress | 3 | €14,340 | €17,193 | +€2,853 | +19.9% |
| Stocks | 30/36 | €14,340 | €17,193 | +€2,853 | +19.9% |
| Amounts receivable within one year | 40/41 | €28,062 | €57,780 | +€29,718 | +105.9% |
| Trade receivables | 40 | - | €40,725 | +€40,725 | |
| Other amounts receivable | 41 | €28,062 | €17,055 | -€11,006 | -39.2% |
| Cash at bank and in hand | 54/58 | €4,336 | €6,970 | +€2,635 | +60.8% |
| Deferred charges and accrued income | 490/1 | €2,002 | €5,225 | +€3,224 | +161.1% |
| Total equity and liabilities | 10/49 | €100,380 | €132,909 | +€32,529 | +32.4% |
| Equity | 10/15 | €36,891 | €47,958 | +€11,067 | +30.0% |
| Contributions | 10/11 | €12,500 | €12,949 | +€449 | +3.6% |
| Reserves | 13 | €44,612 | €44,162 | -€449 | -1.0% |
| Non-distributable reserves | 130/1 | €449 | - | -€449 | |
| Reserves not available under the articles | 1311 | €449 | - | -€449 | |
| Distributable reserves | 133 | €44,162 | €44,162 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,221 | -€9,154 | +€11,067 | +54.7% |
| Amounts payable | 17/49 | €63,490 | €84,952 | +€21,462 | +33.8% |
| Amounts payable within one year | 42/48 | €63,490 | €84,952 | +€21,462 | +33.8% |
| Current portion of amounts payable after more than one year | 42 | €15,869 | €13 | -€15,856 | -99.9% |
| Trade debts | 44 | €15,270 | €6,638 | -€8,632 | -56.5% |
| Suppliers | 440/4 | €15,270 | €6,638 | -€8,632 | -56.5% |
| Taxes, remuneration and social security | 45 | €30,127 | €76,248 | +€46,121 | +153.1% |
| Taxes | 450/3 | €16,154 | €19,868 | +€3,714 | +23.0% |
| Remuneration and social security | 454/9 | €13,973 | €56,380 | +€42,408 | +303.5% |
| Other amounts payable | 47/48 | €2,224 | €2,052 | -€172 | -7.7% |
| Remuneration, social security and pensions | 62 | €117,266 | €147,835 | +€30,569 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,483 | €11,958 | +€476 | +4.1% |
| Other operating charges | 640/8 | €16,212 | €889 | -€15,322 | -94.5% |
| Gross operating margin | 9900 | €155,273 | €180,431 | +€25,158 | +16.2% |
| Operating profit (loss) | 9901 | €10,313 | €19,748 | +€9,435 | +91.5% |
| Financial income | 75/76B | €367 | €2,550 | +€2,183 | +594.3% |
| Recurring financial income | 75 | €367 | €2,550 | +€2,183 | +594.3% |
| Financial charges | 65/66B | €2,982 | €2,582 | -€399 | -13.4% |
| Recurring financial charges | 65 | €2,982 | €2,582 | -€399 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €7,699 | €19,716 | +€12,017 | +156.1% |
| Income taxes | 67/77 | €140 | €8,649 | +€8,509 | +6099.0% |
| Profit (loss) for the period | 9904 | €7,559 | €11,067 | +€3,508 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,559 | €11,067 | +€3,508 | +46.4% |
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 9 October 2026 via checked.be.