QUBUZ: 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.
QUBUZ
Largest movements
- Cash -€122,285
down €122,285 (-67.0%), from €182,541 to €60,256
mainly Other debts (-€69,900) and Net result for the year (-€67,722)
- Receivables within one year -€57,465
down €57,465 (-47.9%), from €120,045 to €62,580
of which Trade receivables: -€64,826
- Deferred charges and accrued income +€35,667
new in 2025: €35,667
- Other debts -€69,900
down €69,900 (-53.1%), from €131,627 to €61,727
- Profit (loss) carried forward -€42,786
new in 2025: -€42,786
- Accrued charges and deferred income +€32,779
new in 2025: €32,779
- Reserves -€24,936
no longer reported in 2025 (was €24,936)
- Tax, wage and social debts -€21,695
down €21,695 (-100.0%), from €21,697 to €1
- Gross operating margin -€186,748
down €186,748, from €123,751 to -€62,997
- Taxes -€31,028
no longer reported in 2025 (was €31,028)
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 | €302,586 | €158,504 | -€144,082 | -47.6% |
| Current assets | 29/58 | €302,586 | €158,504 | -€144,082 | -47.6% |
| Amounts receivable within one year | 40/41 | €120,045 | €62,580 | -€57,465 | -47.9% |
| Trade receivables | 40 | €120,000 | €55,174 | -€64,826 | -54.0% |
| Other amounts receivable | 41 | €45 | €7,407 | +€7,362 | +16,418% |
| Cash at bank and in hand | 54/58 | €182,541 | €60,256 | -€122,285 | -67.0% |
| Deferred charges and accrued income | 490/1 | - | €35,667 | +€35,667 | |
| Total equity and liabilities | 10/49 | €302,586 | €158,504 | -€144,082 | -47.6% |
| Equity | 10/15 | €43,536 | -€24,186 | -€67,722 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,936 | - | -€24,936 | |
| Distributable reserves | 133 | €24,936 | - | -€24,936 | |
| Profit (loss) carried forward | 14 | - | -€42,786 | -€42,786 | |
| Amounts payable | 17/49 | €259,050 | €182,690 | -€76,360 | -29.5% |
| Amounts payable within one year | 42/48 | €259,050 | €149,911 | -€109,139 | -42.1% |
| Trade debts | 44 | €105,726 | €88,183 | -€17,544 | -16.6% |
| Suppliers | 440/4 | €105,726 | €88,183 | -€17,544 | -16.6% |
| Taxes, remuneration and social security | 45 | €21,697 | €1 | -€21,695 | -100.0% |
| Taxes | 450/3 | €21,697 | €1 | -€21,695 | -100.0% |
| Other amounts payable | 47/48 | €131,627 | €61,727 | -€69,900 | -53.1% |
| Accrued charges and deferred income | 492/3 | - | €32,779 | +€32,779 | |
| Other operating charges | 640/8 | €670 | €787 | +€117 | +17.4% |
| Gross operating margin | 9900 | €123,751 | -€62,997 | -€186,748 | |
| Operating profit (loss) | 9901 | €123,080 | -€63,785 | -€186,865 | |
| Financial income | 75/76B | €3,633 | €2,400 | -€1,234 | -34.0% |
| Recurring financial income | 75 | €3,633 | €2,400 | -€1,234 | -34.0% |
| Financial charges | 65/66B | €5,424 | €6,337 | +€914 | +16.8% |
| Recurring financial charges | 65 | €5,424 | €6,337 | +€914 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €121,290 | -€67,722 | -€189,012 | |
| Income taxes | 67/77 | €31,028 | - | -€31,028 | |
| Profit (loss) for the period | 9904 | €90,262 | -€67,722 | -€157,984 | |
| Profit (loss) for the period to be appropriated | 9905 | €90,262 | -€67,722 | -€157,984 |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.