QUBEMI: what changed
Two fiscal 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.
QUBEMI
Largest movements
- Cash -€37,585
down €37,585 (-49.2%), from €76,328 to €38,743
mainly Contributions, distributions and other (-€58,800) and Other debts (-€51,374)
- Other debts -€51,374
down €51,374 (-95.4%), from €53,875 to €2,501
- Tax, wage and social debts +€8,335
up €8,335 (+133.7%), from €6,235 to €14,570
of which Taxes: +€7,829
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Reserves +€2,485
up €2,485 (+9.3%), from €26,734 to €29,219
- Trade debts -€2,439
down €2,439 (-40.2%), from €6,068 to €3,629
- Gross operating margin +€17,890
up €17,890 (+24.0%), from €74,567 to €92,457
- Taxes +€3,801
up €3,801 (+26.3%), from €14,433 to €18,234
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 | €107,194 | €70,564 | -€36,630 | -34.2% |
| Fixed assets | 21/28 | €10,616 | €11,683 | +€1,067 | +10.1% |
| Tangible fixed assets | 22/27 | €10,616 | €11,683 | +€1,067 | +10.1% |
| Furniture and vehicles | 24 | €10,616 | €8,183 | -€2,433 | -22.9% |
| Other tangible fixed assets | 26 | - | €3,500 | +€3,500 | |
| Current assets | 29/58 | €96,578 | €58,881 | -€37,697 | -39.0% |
| Amounts receivable within one year | 40/41 | €19,727 | €18,701 | -€1,026 | -5.2% |
| Trade receivables | 40 | €15,159 | €15,285 | +€126 | +0.8% |
| Other amounts receivable | 41 | €4,568 | €3,416 | -€1,152 | -25.2% |
| Cash at bank and in hand | 54/58 | €76,328 | €38,743 | -€37,585 | -49.2% |
| Deferred charges and accrued income | 490/1 | €523 | €1,437 | +€914 | +174.8% |
| Total equity and liabilities | 10/49 | €107,194 | €70,564 | -€36,630 | -34.2% |
| Equity | 10/15 | €39,134 | €47,819 | +€8,685 | +22.2% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €26,734 | €29,219 | +€2,485 | +9.3% |
| Distributable reserves | 133 | €26,734 | €29,219 | +€2,485 | +9.3% |
| Amounts payable | 17/49 | €68,060 | €22,745 | -€45,315 | -66.6% |
| Amounts payable within one year | 42/48 | €66,178 | €20,700 | -€45,478 | -68.7% |
| Trade debts | 44 | €6,068 | €3,629 | -€2,439 | -40.2% |
| Suppliers | 440/4 | €6,068 | €3,629 | -€2,439 | -40.2% |
| Taxes, remuneration and social security | 45 | €6,235 | €14,570 | +€8,335 | +133.7% |
| Taxes | 450/3 | €4,310 | €12,139 | +€7,829 | +181.6% |
| Remuneration and social security | 454/9 | €1,925 | €2,431 | +€506 | +26.3% |
| Other amounts payable | 47/48 | €53,875 | €2,501 | -€51,374 | -95.4% |
| Accrued charges and deferred income | 492/3 | €1,882 | €2,045 | +€163 | +8.7% |
| Non-recurring operating income | 76A | - | €2,818 | +€2,818 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,221 | €5,069 | +€848 | +20.1% |
| Other operating charges | 640/8 | €509 | €466 | -€43 | -8.4% |
| Gross operating margin | 9900 | €74,567 | €92,457 | +€17,890 | +24.0% |
| Operating profit (loss) | 9901 | €69,837 | €86,922 | +€17,085 | +24.5% |
| Financial income | 75/76B | - | €101 | +€101 | |
| Recurring financial income | 75 | - | €101 | +€101 | |
| Financial charges | 65/66B | €2,142 | €1,304 | -€838 | -39.1% |
| Recurring financial charges | 65 | €1,853 | €1,304 | -€549 | -29.6% |
| Non-recurring financial charges | 66B | €289 | - | -€289 | |
| Profit (loss) for the period before taxes | 9903 | €67,695 | €85,719 | +€18,024 | +26.6% |
| Income taxes | 67/77 | €14,433 | €18,234 | +€3,801 | +26.3% |
| Profit (loss) for the period | 9904 | €53,262 | €67,485 | +€14,223 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,262 | €67,485 | +€14,223 | +26.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.