Qubris: 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.
Qubris
Largest movements
- Current investments -€322,382
down €322,382 (-44.2%), from €730,042 to €407,660
- Receivables within one year +€78,477
up €78,477 (+10.0%), from €784,658 to €863,135
of which Trade receivables: +€83,735
- Accrued charges and deferred income -€578,933
down €578,933 (-43.5%), from €1.3m to €751,376
- Reserves +€224,934
up €224,934 (+156.6%), from €143,623 to €368,557
- Tax, wage and social debts +€71,171
up €71,171 (+38.5%), from €184,652 to €255,824
of which Remuneration and social security: +€41,138
- Other debts +€65,848
up €65,848 (+13.2%), from €498,194 to €564,042
- Gross operating margin +€442,816
up €442,816 (+26.5%), from €1.7m to €2.1m
- Staff costs +€188,685
up €188,685 (+15.8%), from €1.2m to €1.4m
- Taxes +€60,892
up €60,892 (+44.6%), from €136,431 to €197,323
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 | €2,551,646 | €2,359,340 | -€192,305 | -7.5% |
| Fixed assets | 21/28 | €30,588 | €35,465 | +€4,876 | +15.9% |
| Tangible fixed assets | 22/27 | €23,704 | €28,580 | +€4,876 | +20.6% |
| Plant, machinery and equipment | 23 | €13,496 | €23,878 | +€10,382 | +76.9% |
| Furniture and vehicles | 24 | €10,207 | €4,702 | -€5,505 | -53.9% |
| Financial fixed assets | 28 | €6,885 | €6,885 | = | 0.0% |
| Current assets | 29/58 | €2,521,057 | €2,323,876 | -€197,182 | -7.8% |
| Amounts receivable within one year | 40/41 | €784,658 | €863,135 | +€78,477 | +10.0% |
| Trade receivables | 40 | €775,712 | €859,447 | +€83,735 | +10.8% |
| Other amounts receivable | 41 | €8,947 | €3,688 | -€5,258 | -58.8% |
| Current investments | 50/53 | €730,042 | €407,660 | -€322,382 | -44.2% |
| Cash at bank and in hand | 54/58 | €993,479 | €1,016,940 | +€23,460 | +2.4% |
| Deferred charges and accrued income | 490/1 | €12,878 | €36,141 | +€23,263 | +180.6% |
| Total equity and liabilities | 10/49 | €2,551,646 | €2,359,340 | -€192,305 | -7.5% |
| Equity | 10/15 | €413,623 | €638,557 | +€224,934 | +54.4% |
| Contributions | 10/11 | €270,000 | €270,000 | = | 0.0% |
| Reserves | 13 | €143,623 | €368,557 | +€224,934 | +156.6% |
| Distributable reserves | 133 | €143,623 | €368,557 | +€224,934 | +156.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,138,023 | €1,720,783 | -€417,240 | -19.5% |
| Amounts payable within one year | 42/48 | €807,713 | €969,407 | +€161,693 | +20.0% |
| Trade debts | 44 | €124,867 | €149,541 | +€24,674 | +19.8% |
| Suppliers | 440/4 | €124,867 | €149,541 | +€24,674 | +19.8% |
| Taxes, remuneration and social security | 45 | €184,652 | €255,824 | +€71,171 | +38.5% |
| Taxes | 450/3 | €9,976 | €40,009 | +€30,033 | +301.1% |
| Remuneration and social security | 454/9 | €174,677 | €215,814 | +€41,138 | +23.6% |
| Other amounts payable | 47/48 | €498,194 | €564,042 | +€65,848 | +13.2% |
| Accrued charges and deferred income | 492/3 | €1,330,309 | €751,376 | -€578,933 | -43.5% |
| Remuneration, social security and pensions | 62 | €1,191,663 | €1,380,348 | +€188,685 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,903 | €16,021 | +€5,118 | +46.9% |
| Other operating charges | 640/8 | €5,529 | €6,393 | +€864 | +15.6% |
| Gross operating margin | 9900 | €1,670,664 | €2,113,479 | +€442,816 | +26.5% |
| Operating profit (loss) | 9901 | €462,569 | €710,718 | +€248,149 | +53.6% |
| Financial income | 75/76B | €17,806 | €17,861 | +€55 | +0.3% |
| Recurring financial income | 75 | €17,806 | €17,861 | +€55 | +0.3% |
| Financial charges | 65/66B | €3,575 | €6,322 | +€2,747 | +76.8% |
| Recurring financial charges | 65 | €3,575 | €6,322 | +€2,747 | +76.8% |
| Profit (loss) for the period before taxes | 9903 | €476,800 | €722,257 | +€245,457 | +51.5% |
| Income taxes | 67/77 | €136,431 | €197,323 | +€60,892 | +44.6% |
| Profit (loss) for the period | 9904 | €340,369 | €524,934 | +€184,565 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €340,369 | €524,934 | +€184,565 | +54.2% |
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 12 October 2026 via checked.be.