EL QODS: 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.
EL QODS
Largest movements
- Cash +€26,575
up €26,575 (+55.7%), from €47,712 to €74,286
mainly Net result for the year (+€26,327) and Tax, wage and social debts (+€14,103)
- Tangible fixed assets +€15,024
new in 2025: €15,024
- Profit (loss) carried forward +€26,327
up €26,327 (+92.0%), from €28,618 to €54,945
- Tax, wage and social debts +€14,103
up €14,103 (+337%), from €4,183 to €18,286
of which Taxes: +€14,146
- Gross operating margin +€26,548
up €26,548 (+253%), from €10,491 to €37,039
- Taxes +€6,498
up €6,498 (+500%), from €1,300 to €7,798
- Depreciation +€1,878
new in 2025: €1,878
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 | €57,121 | €97,971 | +€40,850 | +71.5% |
| Fixed assets | 21/28 | €2,231 | €17,255 | +€15,024 | +673% |
| Tangible fixed assets | 22/27 | - | €15,024 | +€15,024 | |
| Furniture and vehicles | 24 | - | €15,024 | +€15,024 | |
| Financial fixed assets | 28 | €2,231 | €2,231 | = | 0.0% |
| Current assets | 29/58 | €54,890 | €80,716 | +€25,827 | +47.1% |
| Stocks and contracts in progress | 3 | €6,536 | €5,686 | -€850 | -13.0% |
| Stocks | 30/36 | €6,536 | €5,686 | -€850 | -13.0% |
| Amounts receivable within one year | 40/41 | €494 | - | -€494 | |
| Other amounts receivable | 41 | €494 | - | -€494 | |
| Cash at bank and in hand | 54/58 | €47,712 | €74,286 | +€26,575 | +55.7% |
| Deferred charges and accrued income | 490/1 | €148 | €744 | +€596 | +403% |
| Total equity and liabilities | 10/49 | €57,121 | €97,971 | +€40,850 | +71.5% |
| Equity | 10/15 | €49,518 | €75,845 | +€26,327 | +53.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,618 | €54,945 | +€26,327 | +92.0% |
| Amounts payable | 17/49 | €7,603 | €22,126 | +€14,523 | +191% |
| Amounts payable within one year | 42/48 | €7,603 | €22,126 | +€14,523 | +191% |
| Trade debts | 44 | €3,420 | €3,840 | +€420 | +12.3% |
| Suppliers | 440/4 | €3,420 | €3,840 | +€420 | +12.3% |
| Taxes, remuneration and social security | 45 | €4,183 | €18,286 | +€14,103 | +337% |
| Taxes | 450/3 | €4,141 | €18,286 | +€14,146 | +342% |
| Remuneration and social security | 454/9 | €43 | - | -€43 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,878 | +€1,878 | |
| Other operating charges | 640/8 | €729 | €940 | +€211 | +28.9% |
| Gross operating margin | 9900 | €10,491 | €37,039 | +€26,548 | +253% |
| Operating profit (loss) | 9901 | €9,762 | €34,221 | +€24,459 | +251% |
| Financial charges | 65/66B | €106 | €96 | -€10 | -9.0% |
| Recurring financial charges | 65 | €106 | €96 | -€10 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €9,656 | €34,125 | +€24,469 | +253% |
| Income taxes | 67/77 | €1,300 | €7,798 | +€6,498 | +500% |
| Profit (loss) for the period | 9904 | €8,356 | €26,327 | +€17,971 | +215% |
| Profit (loss) for the period to be appropriated | 9905 | €8,356 | €26,327 | +€17,971 | +215% |
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 23 October 2026 via checked.be.