QWIC: 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.
QWIC
Largest movements
- Cash -€79,799
down €79,799 (-76.5%), from €104,312 to €24,514
mainly Other debts (-€64,659) and Tax, wage and social debts (-€27,259)
- Tangible fixed assets -€13,093
no longer reported in 2025 (was €13,093)
- Receivables within one year -€8,858
down €8,858 (-99.9%), from €8,865 to €7
- Deferred charges and accrued income -€2,162
down €2,162 (-95.6%), from €2,262 to €100
- Other debts -€64,659
down €64,659 (-87.7%), from €73,743 to €9,083
- Tax, wage and social debts -€27,259
down €27,259 (-95.0%), from €28,700 to €1,441
- Current portion of long-term debt -€5,825
no longer reported in 2025 (was €5,825)
- Profit (loss) carried forward -€3,394
new in 2025: -€3,394
- Trade debts -€2,775
down €2,775 (-92.0%), from €3,017 to €242
- Gross operating margin -€84,553
down €84,553, from €81,779 to -€2,773
- Taxes -€23,712
down €23,712 (-99.6%), from €23,800 to €88
- Depreciation -€7,516
no longer reported in 2025 (was €7,516)
- Financial charges -€5,892
down €5,892 (-97.7%), from €6,029 to €137
- Other operating charges -€1,531
down €1,531 (-81.4%), from €1,882 to €351
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 | €172,707 | €68,796 | -€103,912 | -60.2% |
| Fixed assets | 21/28 | €57,268 | €44,175 | -€13,093 | -22.9% |
| Tangible fixed assets | 22/27 | €13,093 | - | -€13,093 | |
| Furniture and vehicles | 24 | €13,093 | - | -€13,093 | |
| Financial fixed assets | 28 | €44,175 | €44,175 | = | 0.0% |
| Current assets | 29/58 | €115,440 | €24,621 | -€90,819 | -78.7% |
| Amounts receivable within one year | 40/41 | €8,865 | €7 | -€8,858 | -99.9% |
| Other amounts receivable | 41 | €8,865 | €7 | -€8,858 | -99.9% |
| Cash at bank and in hand | 54/58 | €104,312 | €24,514 | -€79,799 | -76.5% |
| Deferred charges and accrued income | 490/1 | €2,262 | €100 | -€2,162 | -95.6% |
| Total equity and liabilities | 10/49 | €172,707 | €68,796 | -€103,912 | -60.2% |
| Equity | 10/15 | €61,423 | €58,029 | -€3,394 | -5.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €42,873 | €42,873 | = | 0.0% |
| Distributable reserves | 133 | €42,873 | €42,873 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,394 | -€3,394 | |
| Amounts payable | 17/49 | €111,285 | €10,767 | -€100,518 | -90.3% |
| Amounts payable within one year | 42/48 | €111,285 | €10,767 | -€100,518 | -90.3% |
| Current portion of amounts payable after more than one year | 42 | €5,825 | - | -€5,825 | |
| Trade debts | 44 | €3,017 | €242 | -€2,775 | -92.0% |
| Suppliers | 440/4 | €3,017 | €242 | -€2,775 | -92.0% |
| Taxes, remuneration and social security | 45 | €28,700 | €1,441 | -€27,259 | -95.0% |
| Taxes | 450/3 | €28,700 | €1,441 | -€27,259 | -95.0% |
| Other amounts payable | 47/48 | €73,743 | €9,083 | -€64,659 | -87.7% |
| Non-recurring operating income | 76A | €69,209 | €6,880 | -€62,330 | -90.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,516 | - | -€7,516 | |
| Other operating charges | 640/8 | €1,882 | €351 | -€1,531 | -81.4% |
| Non-recurring operating charges | 66A | - | €530 | +€530 | |
| Gross operating margin | 9900 | €81,779 | -€2,773 | -€84,553 | |
| Operating profit (loss) | 9901 | €72,382 | -€3,654 | -€76,036 | |
| Financial income | 75/76B | €319 | €485 | +€166 | +51.9% |
| Recurring financial income | 75 | €319 | €485 | +€166 | +51.9% |
| Financial charges | 65/66B | €6,029 | €137 | -€5,892 | -97.7% |
| Recurring financial charges | 65 | €6,029 | €137 | -€5,892 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | €66,673 | -€3,306 | -€69,978 | |
| Income taxes | 67/77 | €23,800 | €88 | -€23,712 | -99.6% |
| Profit (loss) for the period | 9904 | €42,873 | -€3,394 | -€46,266 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,873 | -€3,394 | -€46,266 |
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 16 October 2026 via checked.be.