QUBILO: 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.
QUBILO
Largest movements
- Cash +€50,057
up €50,057 (+89.4%), from €56,023 to €106,080
mainly Net result for the year (+€73,823) and Current investments (+€18,892)
- Current investments -€18,892
down €18,892 (-30.9%), from €61,070 to €42,178
- Tangible fixed assets +€17,774
up €17,774 (+28.7%), from €61,963 to €79,737
of which Furniture and vehicles: +€14,763
- Financial fixed assets -€15,000
down €15,000 (-6.4%), from €235,000 to €220,000
- Reserves +€73,823
up €73,823 (+76.7%), from €96,245 to €170,068
- Debts after one year -€35,733
down €35,733 (-14.6%), from €245,375 to €209,642
- Tax, wage and social debts -€5,506
down €5,506 (-17.3%), from €31,860 to €26,354
- Gross operating margin -€26,707
down €26,707 (-17.4%), from €153,142 to €126,435
- Taxes -€5,733
down €5,733 (-18.0%), from €31,908 to €26,176
- Depreciation -€4,799
down €4,799 (-29.1%), from €16,515 to €11,715
- Financial income +€3,663
up €3,663 (+943.6%), from €388 to €4,051
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 | €414,121 | €448,060 | +€33,939 | +8.2% |
| Fixed assets | 21/28 | €296,963 | €299,737 | +€2,774 | +0.9% |
| Tangible fixed assets | 22/27 | €61,963 | €79,737 | +€17,774 | +28.7% |
| Plant, machinery and equipment | 23 | €874 | €506 | -€368 | -42.1% |
| Furniture and vehicles | 24 | €57,875 | €72,638 | +€14,763 | +25.5% |
| Other tangible fixed assets | 26 | €3,214 | €6,593 | +€3,379 | +105.1% |
| Financial fixed assets | 28 | €235,000 | €220,000 | -€15,000 | -6.4% |
| Current assets | 29/58 | €117,158 | €148,323 | +€31,165 | +26.6% |
| Current investments | 50/53 | €61,070 | €42,178 | -€18,892 | -30.9% |
| Cash at bank and in hand | 54/58 | €56,023 | €106,080 | +€50,057 | +89.4% |
| Deferred charges and accrued income | 490/1 | €65 | €65 | = | 0.0% |
| Total equity and liabilities | 10/49 | €414,121 | €448,060 | +€33,939 | +8.2% |
| Equity | 10/15 | €101,245 | €175,068 | +€73,823 | +72.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €96,245 | €170,068 | +€73,823 | +76.7% |
| Distributable reserves | 133 | €96,245 | €170,068 | +€73,823 | +76.7% |
| Amounts payable | 17/49 | €312,876 | €272,992 | -€39,884 | -12.7% |
| Amounts payable after more than one year | 17 | €245,375 | €209,642 | -€35,733 | -14.6% |
| Financial debts | 170/4 | €245,375 | €209,642 | -€35,733 | -14.6% |
| Amounts payable within one year | 42/48 | €67,500 | €63,350 | -€4,151 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €34,530 | €35,733 | +€1,203 | +3.5% |
| Trade debts | 44 | €841 | €918 | +€77 | +9.1% |
| Suppliers | 440/4 | €841 | €918 | +€77 | +9.1% |
| Taxes, remuneration and social security | 45 | €31,860 | €26,354 | -€5,506 | -17.3% |
| Taxes | 450/3 | €31,860 | €26,354 | -€5,506 | -17.3% |
| Other amounts payable | 47/48 | €269 | €345 | +€76 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,515 | €11,715 | -€4,799 | -29.1% |
| Other operating charges | 640/8 | €200 | €306 | +€106 | +53.0% |
| Non-recurring operating charges | 66A | - | €7,400 | +€7,400 | |
| Gross operating margin | 9900 | €153,142 | €126,435 | -€26,707 | -17.4% |
| Operating profit (loss) | 9901 | €136,427 | €107,014 | -€29,414 | -21.6% |
| Financial income | 75/76B | €388 | €4,051 | +€3,663 | +943.6% |
| Recurring financial income | 75 | €388 | €4,051 | +€3,663 | +943.6% |
| Financial charges | 65/66B | €10,970 | €11,066 | +€96 | +0.9% |
| Recurring financial charges | 65 | €10,970 | €11,066 | +€96 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €125,845 | €99,998 | -€25,847 | -20.5% |
| Income taxes | 67/77 | €31,908 | €26,176 | -€5,733 | -18.0% |
| Profit (loss) for the period | 9904 | €93,937 | €73,823 | -€20,114 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €93,937 | €73,823 | -€20,114 | -21.4% |
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 10 October 2026 via checked.be.