QUBIMMO: 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.
QUBIMMO
Largest movements
- Receivables within one year +€51,547
up €51,547 (+28.1%), from €183,353 to €234,900
of which Trade receivables: +€48,220
- Tangible fixed assets +€48,366
up €48,366 (+81.2%), from €59,560 to €107,926
of which Furniture and vehicles: +€48,104
- Cash +€26,022
up €26,022 (+32.7%), from €79,587 to €105,609
mainly Trade debts (+€111,556) and Debts after one year (+€30,403)
- Trade debts +€111,556
up €111,556 (+71.6%), from €155,855 to €267,411
- Debts after one year +€30,403
up €30,403 (+146.9%), from €20,698 to €51,101
- Profit (loss) carried forward -€24,101
down €24,101 (-66.7%), from €36,107 to €12,006
- Current portion of long-term debt +€8,370
up €8,370 (+146.9%), from €5,698 to €14,068
- Turnover -€167,887
down €167,887 (-19.1%), from €878,800 to €710,913
- Purchases and services -€149,436
down €149,436 (-18.4%), from €811,317 to €661,881
- Gross operating margin -€18,451
down €18,451 (-27.3%), from €67,483 to €49,032
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 | €327,860 | €455,851 | +€127,991 | +39.0% |
| Fixed assets | 21/28 | €64,920 | €112,908 | +€47,988 | +73.9% |
| Intangible fixed assets | 21 | €4,960 | €4,132 | -€828 | -16.7% |
| Tangible fixed assets | 22/27 | €59,560 | €107,926 | +€48,366 | +81.2% |
| Plant, machinery and equipment | 23 | €22,624 | €23,423 | +€799 | +3.5% |
| Furniture and vehicles | 24 | €33,708 | €81,812 | +€48,104 | +142.7% |
| Other tangible fixed assets | 26 | €3,228 | €2,691 | -€537 | -16.6% |
| Financial fixed assets | 28 | €400 | €850 | +€450 | +112.5% |
| Current assets | 29/58 | €262,940 | €342,943 | +€80,003 | +30.4% |
| Amounts receivable within one year | 40/41 | €183,353 | €234,900 | +€51,547 | +28.1% |
| Trade receivables | 40 | €123,093 | €171,313 | +€48,220 | +39.2% |
| Other amounts receivable | 41 | €60,260 | €63,587 | +€3,327 | +5.5% |
| Cash at bank and in hand | 54/58 | €79,587 | €105,609 | +€26,022 | +32.7% |
| Deferred charges and accrued income | 490/1 | - | €2,434 | +€2,434 | |
| Total equity and liabilities | 10/49 | €327,860 | €455,851 | +€127,991 | +39.0% |
| Equity | 10/15 | €69,107 | €45,006 | -€24,101 | -34.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,107 | €12,006 | -€24,101 | -66.7% |
| Amounts payable | 17/49 | €258,753 | €410,845 | +€152,092 | +58.8% |
| Amounts payable after more than one year | 17 | €20,698 | €51,101 | +€30,403 | +146.9% |
| Financial debts | 170/4 | €20,698 | €51,101 | +€30,403 | +146.9% |
| Amounts payable within one year | 42/48 | €238,055 | €359,744 | +€121,689 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €5,698 | €14,068 | +€8,370 | +146.9% |
| Trade debts | 44 | €155,855 | €267,411 | +€111,556 | +71.6% |
| Suppliers | 440/4 | €155,855 | €267,411 | +€111,556 | +71.6% |
| Taxes, remuneration and social security | 45 | €17,515 | €19,086 | +€1,571 | +9.0% |
| Taxes | 450/3 | €17,515 | €19,086 | +€1,571 | +9.0% |
| Other amounts payable | 47/48 | €58,987 | €59,179 | +€192 | +0.3% |
| Turnover | 70 | €878,800 | €710,913 | -€167,887 | -19.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €811,317 | €661,881 | -€149,436 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,671 | €29,381 | +€8,710 | +42.1% |
| Other operating charges | 640/8 | €4,588 | €5,419 | +€831 | +18.1% |
| Non-recurring operating charges | 66A | - | €28,964 | +€28,964 | |
| Gross operating margin | 9900 | €67,483 | €49,032 | -€18,451 | -27.3% |
| Operating profit (loss) | 9901 | €42,224 | -€14,732 | -€56,956 | |
| Financial charges | 65/66B | €2,129 | €2,283 | +€154 | +7.2% |
| Recurring financial charges | 65 | €2,129 | €2,283 | +€154 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €40,095 | -€17,015 | -€57,110 | |
| Income taxes | 67/77 | €12,875 | €7,086 | -€5,789 | -45.0% |
| Profit (loss) for the period | 9904 | €27,220 | -€24,101 | -€51,321 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,220 | -€24,101 | -€51,321 |
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.