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
- Stocks and contracts -€1.6m
no longer reported in 2025 (was €1.6m)
- Receivables within one year +€487,206
up €487,206 (+167%), from €292,242 to €779,448
of which Other amounts receivable: +€551,402
- Current investments +€442,000
new in 2025: €442,000
- Tangible fixed assets -€71,046
down €71,046 (-6.7%), from €1.1m to €982,579
of which Land and buildings: -€53,137
- Deferred charges and accrued income -€43,148
down €43,148 (-98.2%), from €43,938 to €789
- Short-term financial debts -€655,885
no longer reported in 2025 (was €655,885)
- Reserves +€349,000
up €349,000 (+24.5%), from €1.4m to €1.8m
of which Distributable reserves: +€349,000
- Debts after one year -€294,019
down €294,019 (-87.0%), from €337,791 to €43,771
- Other debts -€184,648
no longer reported in 2025 (was €184,648)
- Tax, wage and social debts +€96,131
up €96,131 (+113%), from €85,046 to €181,177
- Gross operating margin +€406,517
up €406,517 (+195%), from €208,931 to €615,448
- Taxes +€118,958
up €118,958 (+1,195%), from €9,953 to €128,911
- Financial charges -€44,359
down €44,359 (-44.5%), from €99,626 to €55,267
- Depreciation -€10,419
down €10,419 (-12.8%), from €81,466 to €71,046
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 | €3,093,061 | €2,273,927 | -€819,134 | -26.5% |
| Fixed assets | 21/28 | €1,082,126 | €1,011,079 | -€71,046 | -6.6% |
| Tangible fixed assets | 22/27 | €1,053,626 | €982,579 | -€71,046 | -6.7% |
| Land and buildings | 22 | €999,526 | €946,388 | -€53,137 | -5.3% |
| Furniture and vehicles | 24 | €54,100 | €36,191 | -€17,909 | -33.1% |
| Financial fixed assets | 28 | €28,500 | €28,500 | = | 0.0% |
| Current assets | 29/58 | €2,010,935 | €1,262,848 | -€748,088 | -37.2% |
| Stocks and contracts in progress | 3 | €1,604,625 | - | -€1.6m | |
| Stocks | 30/36 | €1,604,625 | - | -€1.6m | |
| Amounts receivable within one year | 40/41 | €292,242 | €779,448 | +€487,206 | +167% |
| Trade receivables | 40 | €67,110 | €2,914 | -€64,196 | -95.7% |
| Other amounts receivable | 41 | €225,132 | €776,534 | +€551,402 | +245% |
| Current investments | 50/53 | - | €442,000 | +€442,000 | |
| Cash at bank and in hand | 54/58 | €70,131 | €40,610 | -€29,521 | -42.1% |
| Deferred charges and accrued income | 490/1 | €43,938 | €789 | -€43,148 | -98.2% |
| Total equity and liabilities | 10/49 | €3,093,061 | €2,273,927 | -€819,134 | -26.5% |
| Equity | 10/15 | €1,677,473 | €2,026,581 | +€349,108 | +20.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Revaluation surpluses | 12 | €205,000 | €205,000 | = | 0.0% |
| Reserves | 13 | €1,422,000 | €1,771,000 | +€349,000 | +24.5% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €1,417,000 | €1,766,000 | +€349,000 | +24.6% |
| Profit (loss) carried forward | 14 | €473 | €581 | +€108 | +22.8% |
| Amounts payable | 17/49 | €1,415,587 | €247,345 | -€1.2m | -82.5% |
| Amounts payable after more than one year | 17 | €337,791 | €43,771 | -€294,019 | -87.0% |
| Financial debts | 170/4 | €337,791 | €43,771 | -€294,019 | -87.0% |
| Amounts payable within one year | 42/48 | €1,077,797 | €203,574 | -€874,223 | -81.1% |
| Current portion of amounts payable after more than one year | 42 | €81,087 | €19,483 | -€61,604 | -76.0% |
| Financial debts | 43 | €655,885 | - | -€655,885 | |
| Credit institutions | 430/8 | €655,885 | - | -€655,885 | |
| Trade debts | 44 | €71,131 | €2,914 | -€68,216 | -95.9% |
| Suppliers | 440/4 | €71,131 | €2,914 | -€68,216 | -95.9% |
| Taxes, remuneration and social security | 45 | €85,046 | €181,177 | +€96,131 | +113% |
| Taxes | 450/3 | €85,046 | €181,177 | +€96,131 | +113% |
| Other amounts payable | 47/48 | €184,648 | - | -€184,648 | |
| Non-recurring operating income | 76A | €259,179 | - | -€259,179 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,466 | €71,046 | -€10,419 | -12.8% |
| Other operating charges | 640/8 | €16,210 | €14,334 | -€1,876 | -11.6% |
| Gross operating margin | 9900 | €208,931 | €615,448 | +€406,517 | +195% |
| Operating profit (loss) | 9901 | €111,255 | €530,068 | +€418,813 | +376% |
| Financial income | 75/76B | €4 | €3,218 | +€3,215 | +87,594% |
| Recurring financial income | 75 | €4 | €3,218 | +€3,215 | +87,594% |
| Financial charges | 65/66B | €99,626 | €55,267 | -€44,359 | -44.5% |
| Recurring financial charges | 65 | €99,626 | €55,267 | -€44,359 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €11,633 | €478,019 | +€466,386 | +4,009% |
| Income taxes | 67/77 | €9,953 | €128,911 | +€118,958 | +1,195% |
| Profit (loss) for the period | 9904 | €1,680 | €349,108 | +€347,428 | +20,680% |
| Profit (loss) for the period to be appropriated | 9905 | €1,680 | €349,108 | +€347,428 | +20,680% |
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 31 October 2026 via checked.be.