QWIQ: 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.
QWIQ
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Turnover -€2,000
down €2,000 (-16.7%), from €12,000 to €10,000
- Services and other goods -€1,139
down €1,139 (-17.1%), from €6,645 to €5,506
- Financial charges -€187
down €187 (-12.7%), from €1,471 to €1,284
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 | €4,773,080 | €4,777,774 | +€4,694 | +0.1% |
| Formation expenses | 20 | €1,553 | €567 | -€986 | -63.5% |
| Fixed assets | 21/28 | €4,758,782 | €4,758,782 | = | 0.0% |
| Financial fixed assets | 28 | €4,758,782 | €4,758,782 | = | 0.0% |
| Affiliated companies | 280/1 | €4,758,782 | €4,758,782 | = | 0.0% |
| Participating interests | 280 | €4,758,782 | €4,758,782 | = | 0.0% |
| Current assets | 29/58 | €12,745 | €18,425 | +€5,680 | +44.6% |
| Amounts receivable within one year | 40/41 | €12,000 | €14,521 | +€2,521 | +21.0% |
| Trade receivables | 40 | €12,000 | €14,520 | +€2,520 | +21.0% |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €745 | €3,904 | +€3,159 | +424% |
| Total equity and liabilities | 10/49 | €4,773,080 | €4,777,774 | +€4,694 | +0.1% |
| Equity | 10/15 | €4,741,657 | €4,742,787 | +€1,131 | 0.0% |
| Contributions | 10/11 | €1,988,567 | €1,988,567 | = | 0.0% |
| Capital | 10 | €1,988,567 | €1,988,567 | = | 0.0% |
| Issued capital | 100 | €1,988,567 | €1,988,567 | = | 0.0% |
| Reserves | 13 | €2,736,345 | €2,737,476 | +€1,131 | 0.0% |
| Non-distributable reserves | 130/1 | €164,576 | €164,632 | +€57 | 0.0% |
| Legal reserve | 130 | €164,576 | €164,632 | +€57 | 0.0% |
| Distributable reserves | 133 | €2,571,769 | €2,572,843 | +€1,074 | 0.0% |
| Investment grants | 15 | €16,745 | €16,745 | = | 0.0% |
| Amounts payable | 17/49 | €31,423 | €34,987 | +€3,563 | +11.3% |
| Amounts payable within one year | 42/48 | €30,000 | €33,754 | +€3,754 | +12.5% |
| Trade debts | 44 | - | €1,513 | +€1,513 | |
| Suppliers | 440/4 | - | €1,513 | +€1,513 | |
| Taxes, remuneration and social security | 45 | - | €2,241 | +€2,241 | |
| Taxes | 450/3 | - | €2,241 | +€2,241 | |
| Other amounts payable | 47/48 | €30,000 | €30,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,423 | €1,233 | -€190 | -13.4% |
| Operating income | 70/76A | €12,000 | €10,000 | -€2,000 | -16.7% |
| Turnover | 70 | €12,000 | €10,000 | -€2,000 | -16.7% |
| Operating charges | 60/66A | €8,706 | €7,585 | -€1,121 | -12.9% |
| Services and other goods | 61 | €6,645 | €5,506 | -€1,139 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €986 | €986 | = | 0.0% |
| Other operating charges | 640/8 | €1,075 | €1,094 | +€18 | +1.7% |
| Operating profit (loss) | 9901 | €3,294 | €2,415 | -€879 | -26.7% |
| Financial charges | 65/66B | €1,471 | €1,284 | -€187 | -12.7% |
| Recurring financial charges | 65 | €1,471 | €1,284 | -€187 | -12.7% |
| Debt charges | 650 | €1,423 | €1,233 | -€190 | -13.4% |
| Other financial charges | 652/9 | €48 | €51 | +€3 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €1,823 | €1,131 | -€692 | -38.0% |
| Profit (loss) for the period | 9904 | €1,823 | €1,131 | -€692 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,823 | €1,131 | -€692 | -38.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.