Qubix: 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.
Qubix
Largest movements
- Receivables within one year -€228,076
down €228,076 (-23.1%), from €987,203 to €759,127
of which Other amounts receivable: -€511,251
- Reserves -€202,825
down €202,825 (-36.1%), from €561,700 to €358,875
of which Distributable reserves: -€202,825
- Tax, wage and social debts -€79,911
down €79,911 (-48.3%), from €165,550 to €85,639
of which Taxes: -€46,043
- Trade debts +€67,963
up €67,963 (+30.9%), from €219,699 to €287,662
- Gross operating margin -€667,651
down €667,651 (-64.3%), from €1.0m to €370,497
- Turnover -€345,175
down €345,175 (-14.5%), from €2.4m to €2.0m
- Purchases and services +€325,190
up €325,190 (+24.0%), from €1.4m to €1.7m
- Staff costs -€92,073
down €92,073 (-14.5%), from €636,623 to €544,550
- Taxes -€77,085
down €77,085 (-98.0%), from €78,687 to €1,602
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.
Derived cash bridge
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 | €1,020,170 | €794,784 | -€225,386 | -22.1% |
| Fixed assets | 21/28 | €14,658 | €13,376 | -€1,282 | -8.7% |
| Intangible fixed assets | 21 | €1,731 | - | -€1,731 | |
| Tangible fixed assets | 22/27 | €12,926 | €13,376 | +€450 | +3.5% |
| Plant, machinery and equipment | 23 | €11,692 | €12,542 | +€850 | +7.3% |
| Other tangible fixed assets | 26 | €1,235 | €834 | -€401 | -32.5% |
| Current assets | 29/58 | €1,005,512 | €781,408 | -€224,104 | -22.3% |
| Amounts receivable within one year | 40/41 | €987,203 | €759,127 | -€228,076 | -23.1% |
| Trade receivables | 40 | €224,994 | €508,169 | +€283,175 | +126% |
| Other amounts receivable | 41 | €762,209 | €250,957 | -€511,251 | -67.1% |
| Cash at bank and in hand | 54/58 | €7,504 | €8,427 | +€923 | +12.3% |
| Deferred charges and accrued income | 490/1 | €10,805 | €13,854 | +€3,049 | +28.2% |
| Total equity and liabilities | 10/49 | €1,020,170 | €794,784 | -€225,386 | -22.1% |
| Equity | 10/15 | €624,155 | €420,875 | -€203,280 | -32.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €561,700 | €358,875 | -€202,825 | -36.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €513,400 | €310,575 | -€202,825 | -39.5% |
| Profit (loss) carried forward | 14 | €455 | - | -€455 | |
| Provisions and deferred taxes | 16 | €766 | €607 | -€159 | -20.7% |
| Provisions for liabilities and charges | 160/5 | €766 | €607 | -€159 | -20.7% |
| Pensions and similar obligations | 160 | €766 | €607 | -€159 | -20.7% |
| Amounts payable | 17/49 | €395,249 | €373,301 | -€21,948 | -5.6% |
| Amounts payable within one year | 42/48 | €395,249 | €373,301 | -€21,948 | -5.6% |
| Trade debts | 44 | €219,699 | €287,662 | +€67,963 | +30.9% |
| Suppliers | 440/4 | €219,699 | €287,662 | +€67,963 | +30.9% |
| Taxes, remuneration and social security | 45 | €165,550 | €85,639 | -€79,911 | -48.3% |
| Taxes | 450/3 | €70,011 | €23,969 | -€46,043 | -65.8% |
| Remuneration and social security | 454/9 | €95,538 | €61,670 | -€33,868 | -35.4% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Turnover | 70 | €2,373,449 | €2,028,274 | -€345,175 | -14.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,355,419 | €1,680,609 | +€325,190 | +24.0% |
| Remuneration, social security and pensions | 62 | €636,623 | €544,550 | -€92,073 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,395 | €8,969 | -€5,426 | -37.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €374 | -€159 | -€533 | |
| Other operating charges | 640/8 | €4,282 | €3,194 | -€1,088 | -25.4% |
| Gross operating margin | 9900 | €1,038,148 | €370,497 | -€667,651 | -64.3% |
| Operating profit (loss) | 9901 | €382,473 | -€186,058 | -€568,531 | |
| Financial income | 75/76B | €10,248 | €2,646 | -€7,602 | -74.2% |
| Recurring financial income | 75 | €10,248 | €2,646 | -€7,602 | -74.2% |
| Financial charges | 65/66B | €14,337 | €18,266 | +€3,928 | +27.4% |
| Recurring financial charges | 65 | €14,337 | €18,266 | +€3,928 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €378,384 | -€201,678 | -€580,062 | |
| Income taxes | 67/77 | €78,687 | €1,602 | -€77,085 | -98.0% |
| Profit (loss) for the period | 9904 | €299,697 | -€203,280 | -€502,977 | |
| Transfer to tax-exempt reserves | 689 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €257,597 | -€203,280 | -€460,877 |
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 19 October 2026 via checked.be.