QB-Two: 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.
QB-Two
Largest movements
- Receivables within one year +€233,102
new in 2026: €233,102
of which Other amounts receivable: +€231,892
- Receivables after one year +€105,000
new in 2026: €105,000
- Profit (loss) carried forward +€351,584
up €351,584 (+1,830%), from €19,210 to €370,794
- Debts after one year -€46,538
down €46,538 (-4.6%), from €1.0m to €958,994
of which Financial debts: -€46,538
- Tax, wage and social debts +€34,737
up €34,737 (+268%), from €12,946 to €47,683
- Financial income +€250,000
new in 2026: €250,000
- Gross operating margin +€116,848
up €116,848 (+324%), from €36,096 to €152,944
- Taxes +€23,752
up €23,752 (+340%), from €6,984 to €30,736
- Financial charges +€7,555
up €7,555 (+89.1%), from €8,478 to €16,033
- Other operating charges +€3,709
up €3,709 (+482%), from €769 to €4,478
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,088,009 | €1,426,055 | +€338,046 | +31.1% |
| Fixed assets | 21/28 | €1,080,000 | €1,080,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,080,000 | €1,080,000 | = | 0.0% |
| Current assets | 29/58 | €8,009 | €346,055 | +€338,046 | +4,221% |
| Amounts receivable after more than one year | 29 | - | €105,000 | +€105,000 | |
| Other amounts receivable | 291 | - | €105,000 | +€105,000 | |
| Amounts receivable within one year | 40/41 | - | €233,102 | +€233,102 | |
| Trade receivables | 40 | - | €1,210 | +€1,210 | |
| Other amounts receivable | 41 | - | €231,892 | +€231,892 | |
| Cash at bank and in hand | 54/58 | €6,402 | €6,250 | -€152 | -2.4% |
| Deferred charges and accrued income | 490/1 | €1,607 | €1,703 | +€96 | +6.0% |
| Total equity and liabilities | 10/49 | €1,088,009 | €1,426,055 | +€338,046 | +31.1% |
| Equity | 10/15 | €21,210 | €372,794 | +€351,584 | +1,658% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,210 | €370,794 | +€351,584 | +1,830% |
| Amounts payable | 17/49 | €1,066,799 | €1,053,261 | -€13,538 | -1.3% |
| Amounts payable after more than one year | 17 | €1,005,532 | €958,994 | -€46,538 | -4.6% |
| Financial debts | 170/4 | €265,532 | €218,994 | -€46,538 | -17.5% |
| Other amounts payable | 178/9 | €740,000 | €740,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €61,267 | €94,221 | +€32,954 | +53.8% |
| Current portion of amounts payable after more than one year | 42 | €45,132 | €46,538 | +€1,406 | +3.1% |
| Trade debts | 44 | €3,129 | - | -€3,129 | |
| Suppliers | 440/4 | €3,129 | - | -€3,129 | |
| Taxes, remuneration and social security | 45 | €12,946 | €47,683 | +€34,737 | +268% |
| Taxes | 450/3 | €12,946 | €47,683 | +€34,737 | +268% |
| Other amounts payable | 47/48 | €60 | - | -€60 | |
| Accrued charges and deferred income | 492/3 | - | €46 | +€46 | |
| Other operating charges | 640/8 | €769 | €4,478 | +€3,709 | +482% |
| Non-recurring operating charges | 66A | €240 | €113 | -€127 | -52.9% |
| Gross operating margin | 9900 | €36,096 | €152,944 | +€116,848 | +324% |
| Operating profit (loss) | 9901 | €35,087 | €148,353 | +€113,266 | +323% |
| Financial income | 75/76B | - | €250,000 | +€250,000 | |
| Recurring financial income | 75 | - | €250,000 | +€250,000 | |
| Financial charges | 65/66B | €8,478 | €16,033 | +€7,555 | +89.1% |
| Recurring financial charges | 65 | €8,478 | €16,033 | +€7,555 | +89.1% |
| Profit (loss) for the period before taxes | 9903 | €26,609 | €382,320 | +€355,711 | +1,337% |
| Income taxes | 67/77 | €6,984 | €30,736 | +€23,752 | +340% |
| Profit (loss) for the period | 9904 | €19,625 | €351,584 | +€331,959 | +1,692% |
| Profit (loss) for the period to be appropriated | 9905 | €19,625 | €351,584 | +€331,959 | +1,692% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.