QUBIS: 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.
QUBIS
Largest movements
- Receivables within one year -€4.3m
down €4.3m (-25.1%), from €17.3m to €13.0m
of which Trade receivables: -€4.1m
- Cash +€508,231
up €508,231 (+25735.7%), from €1,975 to €510,206
mainly Other debts (+€4.5m) and Receivables within one year (+€4.3m)
- Short-term financial debts -€8.2m
down €8.2m (-65.1%), from €12.6m to €4.4m
- Other debts +€4.5m
up €4.5m (+2724.7%), from €164,277 to €4.6m
- Trade debts -€487,584
down €487,584 (-16.5%), from €2.9m to €2.5m
- Reserves +€362,591
up €362,591 (+23.9%), from €1.5m to €1.9m
- Turnover -€5.3m
down €5.3m (-17.5%), from €30.1m to €24.8m
- Goods and materials -€3.1m
down €3.1m (-11.3%), from €27.8m to €24.7m
- Financial income +€1.7m
up €1.7m (+264.4%), from €659,546 to €2.4m
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 | €17,345,382 | €13,507,017 | -€3.8m | -22.1% |
| Current assets | 29/58 | €17,345,382 | €13,507,017 | -€3.8m | -22.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €17,341,414 | €12,996,812 | -€4.3m | -25.1% |
| Trade receivables | 40 | €17,042,974 | €12,936,750 | -€4.1m | -24.1% |
| Other amounts receivable | 41 | €298,440 | €60,061 | -€238,379 | -79.9% |
| Cash at bank and in hand | 54/58 | €1,975 | €510,206 | +€508,231 | +25735.7% |
| Deferred charges and accrued income | 490/1 | €1,993 | €0 | -€1,993 | -100.0% |
| Total equity and liabilities | 10/49 | €17,345,382 | €13,507,017 | -€3.8m | -22.1% |
| Equity | 10/15 | €1,526,026 | €1,888,617 | +€362,591 | +23.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,519,826 | €1,882,417 | +€362,591 | +23.9% |
| Distributable reserves | 133 | €1,519,826 | €1,882,417 | +€362,591 | +23.9% |
| Amounts payable | 17/49 | €15,819,356 | €11,618,400 | -€4.2m | -26.6% |
| Amounts payable within one year | 42/48 | €15,752,219 | €11,616,769 | -€4.1m | -26.3% |
| Financial debts | 43 | €12,640,113 | €4,410,277 | -€8.2m | -65.1% |
| Credit institutions | 430/8 | €12,640,113 | €4,410,277 | -€8.2m | -65.1% |
| Trade debts | 44 | €2,947,830 | €2,460,246 | -€487,584 | -16.5% |
| Suppliers | 440/4 | €2,947,830 | €2,460,246 | -€487,584 | -16.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €105,938 | +€105,938 | |
| Taxes | 450/3 | €0 | €105,938 | +€105,938 | |
| Other amounts payable | 47/48 | €164,277 | €4,640,308 | +€4.5m | +2724.7% |
| Accrued charges and deferred income | 492/3 | €67,136 | €1,631 | -€65,506 | -97.6% |
| Operating income | 70/76A | €30,087,135 | €24,896,961 | -€5.2m | -17.3% |
| Turnover | 70 | €30,087,135 | €24,832,852 | -€5.3m | -17.5% |
| Other operating income | 74 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €64,109 | +€64,109 | |
| Operating charges | 60/66A | €28,712,149 | €25,331,802 | -€3.4m | -11.8% |
| Goods for resale, raw materials and consumables | 60 | €27,822,794 | €24,688,317 | -€3.1m | -11.3% |
| Purchases | 600/8 | €27,822,794 | €24,688,317 | -€3.1m | -11.3% |
| Services and other goods | 61 | €886,703 | €641,821 | -€244,883 | -27.6% |
| Other operating charges | 640/8 | €2,652 | €1,665 | -€987 | -37.2% |
| Operating profit (loss) | 9901 | €1,374,986 | -€434,841 | -€1.8m | |
| Financial income | 75/76B | €659,546 | €2,403,193 | +€1.7m | +264.4% |
| Recurring financial income | 75 | €659,546 | €2,403,193 | +€1.7m | +264.4% |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €659,546 | €2,403,193 | +€1.7m | +264.4% |
| Financial charges | 65/66B | €1,744,274 | €1,479,823 | -€264,451 | -15.2% |
| Recurring financial charges | 65 | €1,744,274 | €1,479,823 | -€264,451 | -15.2% |
| Debt charges | 650 | €698,468 | €435,988 | -€262,480 | -37.6% |
| Other financial charges | 652/9 | €1,045,806 | €1,043,835 | -€1,971 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €290,258 | €488,529 | +€198,271 | +68.3% |
| Income taxes | 67/77 | €72,841 | €125,938 | +€53,097 | +72.9% |
| Taxes | 670/3 | €72,841 | €125,938 | +€53,097 | +72.9% |
| Profit (loss) for the period | 9904 | €217,417 | €362,591 | +€145,174 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €217,417 | €362,591 | +€145,174 | +66.8% |
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 2 October 2026 via checked.be.