LQF HOLDING: what changed
What changed
LQF HOLDING
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€110,821
2024 · -€61,070-€49,751
Equity
€2,136
2024 · €112,957-€110,821
Cash
€25,589
2024 · €2,844+€22,745
Balance sheet total
€2.7m
2024 · €2.5m+€226,651
Largest movements
Assets
- Receivables within one year +€219,313
up €219,313 (+171%), from €128,441 to €347,754
of which Trade receivables: +€154,798
Equity and liabilities
- Accrued charges and deferred income +€254,300
up €254,300, from €0 to €254,300
- Profit (loss) carried forward -€110,821
down €110,821, from €102,957 to -€7,864
- Other debts +€81,438
up €81,438 (+3.6%), from €2.3m to €2.4m
Income statement
- Financial income -€337,800
down €337,800 (-100%), from €337,800 to €0
- Gross operating margin +€192,472
up €192,472, from -€185,619 to €6,854
- Staff costs -€70,408
down €70,408 (-57.6%), from €122,172 to €51,764
- Financial charges -€27,908
down €27,908 (-36.3%), from €76,780 to €48,872
- Depreciation +€2,300
up €2,300 (+17.5%), from €13,156 to €15,456
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.
Result 2024
-€61,070
Gross operating margin
+€192,472
Staff costs
+€70,408
Depreciation
-€2,300
Other operating charges
-€373
Other operating items
-€185
Financial income
-€337,800
Financial charges
+€27,908
Taxes
+€118
Result 2025
-€110,821
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€22,745
Investment
€0
Financing
€0
Cash 2024
€2,844
From operations (derived)
+€22,745
Net result for the year
-€110,821
Depreciation
+€15,456
Receivables within one year
-€219,313
Deferred charges and accrued income
-€50
Trade debts
-€9,423
Tax, wage and social debts
+€11,157
Other debts
+€81,438
Accrued charges and deferred income
+€254,300
Cash 2025
€25,589
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,461,187 | €2,687,837 | +€226,651 | +9.2% |
| Fixed assets | 21/28 | €2,329,901 | €2,314,445 | -€15,456 | -0.7% |
| Intangible fixed assets | 21 | €40,215 | €29,641 | -€10,575 | -26.3% |
| Tangible fixed assets | 22/27 | €14,686 | €9,804 | -€4,882 | -33.2% |
| Plant, machinery and equipment | 23 | €14,686 | €9,804 | -€4,882 | -33.2% |
| Financial fixed assets | 28 | €2,275,000 | €2,275,000 | = | 0.0% |
| Current assets | 29/58 | €131,285 | €373,393 | +€242,107 | +184% |
| Amounts receivable within one year | 40/41 | €128,441 | €347,754 | +€219,313 | +171% |
| Trade receivables | 40 | €1,200 | €155,998 | +€154,798 | +12,900% |
| Other amounts receivable | 41 | €127,241 | €191,756 | +€64,515 | +50.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,844 | €25,589 | +€22,745 | +800% |
| Deferred charges and accrued income | 490/1 | - | €50 | +€50 | |
| Total equity and liabilities | 10/49 | €2,461,187 | €2,687,837 | +€226,651 | +9.2% |
| Equity | 10/15 | €112,957 | €2,136 | -€110,821 | -98.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,957 | -€7,864 | -€110,821 | |
| Amounts payable | 17/49 | €2,348,229 | €2,685,701 | +€337,472 | +14.4% |
| Amounts payable within one year | 42/48 | €2,348,229 | €2,431,401 | +€83,172 | +3.5% |
| Trade debts | 44 | €66,044 | €56,621 | -€9,423 | -14.3% |
| Suppliers | 440/4 | €66,044 | €56,621 | -€9,423 | -14.3% |
| Taxes, remuneration and social security | 45 | €11,707 | €22,864 | +€11,157 | +95.3% |
| Taxes | 450/3 | €341 | €22,864 | +€22,524 | +6,611% |
| Remuneration and social security | 454/9 | €11,366 | €0 | -€11,366 | -100% |
| Other amounts payable | 47/48 | €2,270,478 | €2,351,916 | +€81,438 | +3.6% |
| Accrued charges and deferred income | 492/3 | €0 | €254,300 | +€254,300 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €122,172 | €51,764 | -€70,408 | -57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,156 | €15,456 | +€2,300 | +17.5% |
| Other operating charges | 640/8 | €968 | €1,340 | +€373 | +38.5% |
| Non-recurring operating charges | 66A | - | €185 | +€185 | |
| Gross operating margin | 9900 | -€185,619 | €6,854 | +€192,472 | |
| Operating profit (loss) | 9901 | -€321,915 | -€61,892 | +€260,023 | +80.8% |
| Financial income | 75/76B | €337,800 | €0 | -€337,800 | -100% |
| Recurring financial income | 75 | €337,800 | €0 | -€337,800 | -100% |
| Financial charges | 65/66B | €76,780 | €48,872 | -€27,908 | -36.3% |
| Recurring financial charges | 65 | €76,780 | €48,872 | -€27,908 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | -€60,895 | -€110,764 | -€49,869 | -81.9% |
| Income taxes | 67/77 | €175 | €57 | -€118 | -67.4% |
| Profit (loss) for the period | 9904 | -€61,070 | -€110,821 | -€49,751 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,070 | -€110,821 | -€49,751 | -81.5% |
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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 4 November 2026 via checked.be.