QUBIEK: 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.
QUBIEK
Largest movements
- Tangible fixed assets +€607,354
up €607,354 (+3067.9%), from €19,797 to €627,151
of which Land and buildings: +€548,757
- Receivables within one year +€57,439
up €57,439 (+1912.7%), from €3,003 to €60,442
of which Trade receivables: +€59,588
- Deferred charges and accrued income -€49,000
no longer reported in 2025 (was €49,000)
- Debts after one year +€547,204
up €547,204 (+5838.8%), from €9,372 to €556,576
- Accrued charges and deferred income +€53,119
new in 2025: €53,119
- Profit (loss) carried forward -€42,908
down €42,908 (-27.2%), from -€157,884 to -€200,792
- Other debts +€27,583
up €27,583 (+12.7%), from €217,664 to €245,247
- Current portion of long-term debt +€24,032
up €24,032 (+432.9%), from €5,551 to €29,583
- Depreciation +€16,489
up €16,489 (+214.9%), from €7,672 to €24,161
- Financial charges +€13,631
up €13,631 (+3837.4%), from €355 to €13,986
- Gross operating margin +€8,467
up €8,467 (+85.3%), from -€9,925 to -€1,459
- Other operating charges +€2,679
up €2,679 (+334.9%), from €800 to €3,479
- Financial income +€163
up €163 (+1132.1%), from €14 to €178
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 | €81,129 | €695,449 | +€614,319 | +757.2% |
| Fixed assets | 21/28 | €19,826 | €627,180 | +€607,354 | +3063.4% |
| Tangible fixed assets | 22/27 | €19,797 | €627,151 | +€607,354 | +3067.9% |
| Land and buildings | 22 | - | €548,757 | +€548,757 | |
| Plant, machinery and equipment | 23 | €5,487 | €5,127 | -€360 | -6.6% |
| Furniture and vehicles | 24 | €14,310 | €8,777 | -€5,533 | -38.7% |
| Other tangible fixed assets | 26 | - | €64,490 | +€64,490 | |
| Financial fixed assets | 28 | €29 | €29 | = | 0.0% |
| Current assets | 29/58 | €61,303 | €68,269 | +€6,966 | +11.4% |
| Stocks and contracts in progress | 3 | €5,420 | €1,726 | -€3,694 | -68.2% |
| Stocks | 30/36 | €5,420 | €1,726 | -€3,694 | -68.2% |
| Amounts receivable within one year | 40/41 | €3,003 | €60,442 | +€57,439 | +1912.7% |
| Trade receivables | 40 | €855 | €60,442 | +€59,588 | +6973.1% |
| Other amounts receivable | 41 | €2,148 | - | -€2,148 | |
| Cash at bank and in hand | 54/58 | €3,881 | €6,101 | +€2,220 | +57.2% |
| Deferred charges and accrued income | 490/1 | €49,000 | - | -€49,000 | |
| Total equity and liabilities | 10/49 | €81,129 | €695,449 | +€614,319 | +757.2% |
| Equity | 10/15 | -€151,684 | -€194,592 | -€42,908 | -28.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,884 | -€200,792 | -€42,908 | -27.2% |
| Amounts payable | 17/49 | €232,813 | €890,041 | +€657,228 | +282.3% |
| Amounts payable after more than one year | 17 | €9,372 | €556,576 | +€547,204 | +5838.8% |
| Financial debts | 170/4 | €9,372 | €556,576 | +€547,204 | +5838.8% |
| Amounts payable within one year | 42/48 | €223,441 | €280,346 | +€56,905 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €5,551 | €29,583 | +€24,032 | +432.9% |
| Financial debts | 43 | €120 | - | -€120 | |
| Credit institutions | 430/8 | €120 | - | -€120 | |
| Trade debts | 44 | €106 | €5,384 | +€5,278 | +4994.9% |
| Suppliers | 440/4 | €106 | €5,384 | +€5,278 | +4994.9% |
| Taxes, remuneration and social security | 45 | - | €133 | +€133 | |
| Taxes | 450/3 | - | €133 | +€133 | |
| Other amounts payable | 47/48 | €217,664 | €245,247 | +€27,583 | +12.7% |
| Accrued charges and deferred income | 492/3 | - | €53,119 | +€53,119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,672 | €24,161 | +€16,489 | +214.9% |
| Other operating charges | 640/8 | €800 | €3,479 | +€2,679 | +334.9% |
| Gross operating margin | 9900 | -€9,925 | -€1,459 | +€8,467 | +85.3% |
| Operating profit (loss) | 9901 | -€18,398 | -€29,099 | -€10,702 | -58.2% |
| Financial income | 75/76B | €14 | €178 | +€163 | +1132.1% |
| Recurring financial income | 75 | €14 | €178 | +€163 | +1132.1% |
| Financial charges | 65/66B | €355 | €13,986 | +€13,631 | +3837.4% |
| Recurring financial charges | 65 | €355 | €13,986 | +€13,631 | +3837.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,739 | -€42,908 | -€24,170 | -129.0% |
| Profit (loss) for the period | 9904 | -€18,739 | -€42,908 | -€24,170 | -129.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,739 | -€42,908 | -€24,170 | -129.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.