QUCI: 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.
QUCI
Largest movements
- Financial fixed assets -€211,500
down €211,500 (-100.0%), from €211,500 to €0
- Receivables within one year -€103,791
down €103,791 (-26.5%), from €391,193 to €287,402
of which Trade receivables: -€110,893
- Tangible fixed assets +€27,424
up €27,424 (+6.3%), from €435,638 to €463,062
of which Furniture and vehicles: +€27,424
- Other debts -€158,609
down €158,609 (-17.0%), from €930,765 to €772,156
- Profit (loss) carried forward -€156,629
down €156,629 (-61.6%), from -€254,429 to -€411,058
- Debts after one year +€21,657
new in 2025: €21,657
- Write-downs -€207,078
down €207,078, from €103,539 to -€103,539
- Financial charges +€196,639
up €196,639 (+446.2%), from €44,074 to €240,713
of which Non-recurring financial charges: +€211,500
- Other operating charges +€161,185
up €161,185 (+323.8%), from €49,784 to €210,969
- Gross operating margin +€128,491
up €128,491 (+185.8%), from €69,142 to €197,633
- Depreciation +€5,633
up €5,633, from €0 to €5,633
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 | €1,040,386 | €751,600 | -€288,786 | -27.8% |
| Fixed assets | 21/28 | €648,188 | €464,112 | -€184,076 | -28.4% |
| Intangible fixed assets | 21 | €1,050 | €1,050 | = | 0.0% |
| Tangible fixed assets | 22/27 | €435,638 | €463,062 | +€27,424 | +6.3% |
| Plant, machinery and equipment | 23 | €435,638 | €435,638 | = | 0.0% |
| Furniture and vehicles | 24 | - | €27,424 | +€27,424 | |
| Financial fixed assets | 28 | €211,500 | €0 | -€211,500 | -100.0% |
| Current assets | 29/58 | €392,198 | €287,487 | -€104,710 | -26.7% |
| Amounts receivable within one year | 40/41 | €391,193 | €287,402 | -€103,791 | -26.5% |
| Trade receivables | 40 | €183,673 | €72,779 | -€110,893 | -60.4% |
| Other amounts receivable | 41 | €207,521 | €214,623 | +€7,102 | +3.4% |
| Cash at bank and in hand | 54/58 | €1,004 | €85 | -€919 | -91.5% |
| Total equity and liabilities | 10/49 | €1,040,386 | €751,600 | -€288,786 | -27.8% |
| Equity | 10/15 | €45,571 | -€111,058 | -€156,629 | |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€254,429 | -€411,058 | -€156,629 | -61.6% |
| Amounts payable | 17/49 | €994,815 | €862,658 | -€132,157 | -13.3% |
| Amounts payable after more than one year | 17 | - | €21,657 | +€21,657 | |
| Financial debts | 170/4 | - | €21,657 | +€21,657 | |
| Amounts payable within one year | 42/48 | €994,815 | €841,001 | -€153,814 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | - | €6,405 | +€6,405 | |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €12,943 | €10,056 | -€2,888 | -22.3% |
| Suppliers | 440/4 | €12,943 | €10,056 | -€2,888 | -22.3% |
| Advances received on contracts in progress | 46 | €614 | €0 | -€614 | -100.0% |
| Taxes, remuneration and social security | 45 | €492 | €2,383 | +€1,891 | +384.2% |
| Taxes | 450/3 | €492 | €2,383 | +€1,891 | +384.2% |
| Other amounts payable | 47/48 | €930,765 | €772,156 | -€158,609 | -17.0% |
| Non-recurring operating income | 76A | - | €170,210 | +€170,210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €5,633 | +€5,633 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €103,539 | -€103,539 | -€207,078 | |
| Other operating charges | 640/8 | €49,784 | €210,969 | +€161,185 | +323.8% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €69,142 | €197,633 | +€128,491 | +185.8% |
| Operating profit (loss) | 9901 | -€84,181 | €84,569 | +€168,751 | |
| Financial income | 75/76B | €1,548 | €0 | -€1,548 | -100.0% |
| Recurring financial income | 75 | €1,548 | €0 | -€1,548 | -100.0% |
| Financial charges | 65/66B | €44,074 | €240,713 | +€196,639 | +446.2% |
| Recurring financial charges | 65 | €44,074 | €29,213 | -€14,861 | -33.7% |
| Non-recurring financial charges | 66B | - | €211,500 | +€211,500 | |
| Profit (loss) for the period before taxes | 9903 | -€126,707 | -€156,144 | -€29,436 | -23.2% |
| Income taxes | 67/77 | €492 | €485 | -€7 | -1.4% |
| Profit (loss) for the period | 9904 | -€127,199 | -€156,629 | -€29,430 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€127,199 | -€156,629 | -€29,430 | -23.1% |
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 9 October 2026 via checked.be.