QUUB: what changed
Two fiscal 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.
QUUB
Largest movements
- Receivables within one year +€57,113
up €57,113 (+121.1%), from €47,157 to €104,270
of which Other amounts receivable: +€31,241
- Tangible fixed assets -€2,296
down €2,296 (-34.6%), from €6,640 to €4,344
of which Furniture and vehicles: -€2,296
- Deferred charges and accrued income -€2,110
down €2,110 (-31.6%), from €6,681 to €4,571
- Other debts +€20,768
up €20,768 (+1088.3%), from €1,908 to €22,677
- Profit (loss) carried forward +€16,844
up €16,844 (+45.6%), from €36,909 to €53,753
- Tax, wage and social debts +€13,574
up €13,574 (+186.1%), from €7,293 to €20,867
of which Taxes: +€13,414
- Trade debts +€2,188
up €2,188 (+191.7%), from €1,141 to €3,329
- Debts after one year -€1,556
down €1,556 (-49.6%), from €3,135 to €1,579
- Gross operating margin +€23,916
up €23,916 (+531.2%), from €4,502 to €28,418
- Taxes +€5,597
up €5,597 (+702.4%), from €797 to €6,394
- Other operating charges -€2,019
down €2,019 (-66.4%), from €3,038 to €1,020
- Depreciation -€811
down €811 (-26.1%), from €3,107 to €2,296
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 | €60,478 | €113,185 | +€52,707 | +87.2% |
| Fixed assets | 21/28 | €6,640 | €4,344 | -€2,296 | -34.6% |
| Tangible fixed assets | 22/27 | €6,640 | €4,344 | -€2,296 | -34.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | -€0 | -100.0% |
| Furniture and vehicles | 24 | €6,640 | €4,344 | -€2,296 | -34.6% |
| Current assets | 29/58 | €53,838 | €108,842 | +€55,003 | +102.2% |
| Amounts receivable within one year | 40/41 | €47,157 | €104,270 | +€57,113 | +121.1% |
| Trade receivables | 40 | €46,751 | €72,623 | +€25,872 | +55.3% |
| Other amounts receivable | 41 | €406 | €31,648 | +€31,241 | +7690.6% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €6,681 | €4,571 | -€2,110 | -31.6% |
| Total equity and liabilities | 10/49 | €60,478 | €113,185 | +€52,707 | +87.2% |
| Equity | 10/15 | €43,809 | €60,653 | +€16,844 | +38.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €700 | €700 | = | 0.0% |
| Distributable reserves | 133 | €700 | €700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,909 | €53,753 | +€16,844 | +45.6% |
| Amounts payable | 17/49 | €16,669 | €52,532 | +€35,863 | +215.1% |
| Amounts payable after more than one year | 17 | €3,135 | €1,579 | -€1,556 | -49.6% |
| Financial debts | 170/4 | €3,135 | €1,579 | -€1,556 | -49.6% |
| Amounts payable within one year | 42/48 | €13,534 | €50,953 | +€37,419 | +276.5% |
| Current portion of amounts payable after more than one year | 42 | €1,533 | €1,556 | +€23 | +1.5% |
| Financial debts | 43 | €1,658 | €2,524 | +€866 | +52.2% |
| Credit institutions | 430/8 | €1,658 | €2,524 | +€866 | +52.2% |
| Trade debts | 44 | €1,141 | €3,329 | +€2,188 | +191.7% |
| Suppliers | 440/4 | €1,141 | €3,329 | +€2,188 | +191.7% |
| Taxes, remuneration and social security | 45 | €7,293 | €20,867 | +€13,574 | +186.1% |
| Taxes | 450/3 | €7,293 | €20,707 | +€13,414 | +183.9% |
| Remuneration and social security | 454/9 | €0 | €160 | +€160 | |
| Other amounts payable | 47/48 | €1,908 | €22,677 | +€20,768 | +1088.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,107 | €2,296 | -€811 | -26.1% |
| Other operating charges | 640/8 | €3,038 | €1,020 | -€2,019 | -66.4% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €4,502 | €28,418 | +€23,916 | +531.2% |
| Operating profit (loss) | 9901 | -€1,644 | €25,102 | +€26,746 | |
| Financial income | 75/76B | €0 | €12 | +€12 | |
| Recurring financial income | 75 | €0 | €12 | +€12 | |
| Financial charges | 65/66B | €1,971 | €1,876 | -€95 | -4.8% |
| Recurring financial charges | 65 | €1,971 | €1,876 | -€95 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,615 | €23,238 | +€26,853 | |
| Income taxes | 67/77 | €797 | €6,394 | +€5,597 | +702.4% |
| Profit (loss) for the period | 9904 | -€4,412 | €16,844 | +€21,256 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,412 | €16,844 | +€21,256 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.