THE QABBANI: what changed
THE QABBANI
Largest movements
- Receivables within one year +€86,077
up €86,077 (+92.1%), from €93,422 to €179,499
of which Other amounts receivable: +€52,723
- Tangible fixed assets -€8,206
down €8,206 (-19.8%), from €41,419 to €33,214
of which Leasing and similar rights: -€6,264
- Cash +€5,684
up €5,684 (+9.2%), from €61,666 to €67,350
mainly Net result for the year (+€34,464) and Tax, wage and social debts (+€29,457)
- Profit (loss) carried forward +€34,203
up €34,203 (+40.5%), from €84,523 to €118,725
- Tax, wage and social debts +€29,457
up €29,457 (+119%), from €24,763 to €54,220
of which Remuneration and social security: +€16,256
- Trade debts +€26,107
up €26,107 (+42.5%), from €61,411 to €87,518
- Debts after one year -€5,604
down €5,604 (-32.0%), from €17,531 to €11,927
- Gross operating margin -€6,139
down €6,139 (-4.9%), from €126,210 to €120,072
- Staff costs +€6,112
up €6,112 (+11.6%), from €52,852 to €58,963
- Financial charges +€2,449
up €2,449 (+151%), from €1,623 to €4,072
- Taxes -€2,042
down €2,042 (-16.8%), from €12,121 to €10,079
- Depreciation +€1,867
up €1,867 (+18.6%), from €10,053 to €11,921
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €196,608 | €281,224 | +€84,616 | +43.0% |
| Fixed assets | 21/28 | €41,519 | €33,314 | -€8,206 | -19.8% |
| Tangible fixed assets | 22/27 | €41,419 | €33,214 | -€8,206 | -19.8% |
| Plant, machinery and equipment | 23 | €10,389 | €12,139 | +€1,750 | +16.8% |
| Furniture and vehicles | 24 | €9,702 | €6,011 | -€3,691 | -38.0% |
| Leasing and similar rights | 25 | €21,328 | €15,064 | -€6,264 | -29.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €155,089 | €247,910 | +€92,822 | +59.9% |
| Stocks and contracts in progress | 3 | - | €1,060 | +€1,060 | |
| Stocks | 30/36 | - | €1,060 | +€1,060 | |
| Amounts receivable within one year | 40/41 | €93,422 | €179,499 | +€86,077 | +92.1% |
| Trade receivables | 40 | €74,017 | €107,371 | +€33,354 | +45.1% |
| Other amounts receivable | 41 | €19,405 | €72,128 | +€52,723 | +272% |
| Cash at bank and in hand | 54/58 | €61,666 | €67,350 | +€5,684 | +9.2% |
| Total equity and liabilities | 10/49 | €196,608 | €281,224 | +€84,616 | +43.0% |
| Equity | 10/15 | €87,523 | €121,725 | +€34,203 | +39.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,523 | €118,725 | +€34,203 | +40.5% |
| Amounts payable | 17/49 | €109,085 | €159,498 | +€50,413 | +46.2% |
| Amounts payable after more than one year | 17 | €17,531 | €11,927 | -€5,604 | -32.0% |
| Financial debts | 170/4 | €17,531 | €11,927 | -€5,604 | -32.0% |
| Amounts payable within one year | 42/48 | €91,554 | €147,572 | +€56,018 | +61.2% |
| Current portion of amounts payable after more than one year | 42 | €5,380 | €5,833 | +€453 | +8.4% |
| Trade debts | 44 | €61,411 | €87,518 | +€26,107 | +42.5% |
| Suppliers | 440/4 | €61,411 | €87,518 | +€26,107 | +42.5% |
| Taxes, remuneration and social security | 45 | €24,763 | €54,220 | +€29,457 | +119% |
| Taxes | 450/3 | €17,537 | €30,739 | +€13,202 | +75.3% |
| Remuneration and social security | 454/9 | €7,226 | €23,481 | +€16,256 | +225% |
| Remuneration, social security and pensions | 62 | €52,852 | €58,963 | +€6,112 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,053 | €11,921 | +€1,867 | +18.6% |
| Other operating charges | 640/8 | €1,080 | €573 | -€507 | -47.0% |
| Gross operating margin | 9900 | €126,210 | €120,072 | -€6,139 | -4.9% |
| Operating profit (loss) | 9901 | €62,225 | €48,615 | -€13,611 | -21.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,623 | €4,072 | +€2,449 | +151% |
| Recurring financial charges | 65 | €1,623 | €4,072 | +€2,449 | +151% |
| Profit (loss) for the period before taxes | 9903 | €60,603 | €44,543 | -€16,061 | -26.5% |
| Income taxes | 67/77 | €12,121 | €10,079 | -€2,042 | -16.8% |
| Profit (loss) for the period | 9904 | €48,483 | €34,464 | -€14,018 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,483 | €34,464 | -€14,018 | -28.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.