Q-linair plus: what changed
What changed
Q-linair plus
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
filed annual accounts (NBB)
Net result for the year
-€596,248
2024 · -€53,249-€543,000
Equity
-€446,504
2024 · €139,745-€586,248
Cash
€9,584
2024 · €5,290+€4,295
Balance sheet total
€787,543
2024 · €1.4m-€600,984
Largest movements
Assets
- Tangible fixed assets -€561,375
down €561,375 (-43.9%), from €1.3m to €716,620
of which Land and buildings: -€570,248
- Receivables after one year -€45,407
down €45,407 (-100%), from €45,407 to €0
of which Other amounts receivable: -€45,407
Equity and liabilities
- Profit (loss) carried forward -€586,248
down €586,248 (-581%), from -€100,865 to -€687,113
- Debts after one year +€203,726
up €203,726 (+24.5%), from €830,240 to €1.0m
- Trade debts -€131,962
down €131,962 (-63.0%), from €209,532 to €77,570
- Tax, wage and social debts -€46,492
down €46,492 (-60.8%), from €76,438 to €29,946
of which Remuneration and social security: -€43,215
- Short-term financial debts -€43,271
down €43,271 (-83.3%), from €51,935 to €8,664
Income statement
- Depreciation +€530,154
up €530,154 (+930%), from €57,007 to €587,161
- Staff costs -€131,329
down €131,329 (-58.3%), from €225,448 to €94,119
- Gross operating margin -€104,658
down €104,658 (-39.3%), from €266,545 to €161,887
- Write-downs +€36,434
new in 2025: €36,434
- Financial charges -€14,539
down €14,539 (-39.6%), from €36,670 to €22,131
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
-€53,249
Gross operating margin
-€104,658
Staff costs
+€131,329
Depreciation
-€530,154
Write-downs
-€36,434
Other operating charges
-€1,497
Other operating items
-€13,453
Financial income
-€2,672
Financial charges
+€14,539
Result 2025
-€596,248
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
-€155,510
Investment
-€24,681
Financing
+€184,486
Cash 2024
€5,290
From operations (derived)
-€155,510
Net result for the year
-€596,248
Depreciation
+€587,161
Receivables after one year
+€45,407
Stocks and contracts
-€3,243
Smaller working-capital items
+€635
Trade debts
-€131,962
Tax, wage and social debts
-€46,492
Other debts
-€9,184
Accrued charges and deferred income
-€1,584
Investment (derived)
-€24,681
Investment in fixed assets (net)
-€24,681
Financing
+€184,486
Debts after one year
+€203,726
Current portion of long-term debt
+€14,031
Short-term financial debts
-€43,271
Contributions, distributions and other
+€10,000
Cash 2025
€9,584
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,388,527 | €787,543 | -€600,984 | -43.3% |
| Fixed assets | 21/28 | €1,279,100 | €716,620 | -€562,480 | -44.0% |
| Tangible fixed assets | 22/27 | €1,277,995 | €716,620 | -€561,375 | -43.9% |
| Land and buildings | 22 | €1,263,905 | €693,656 | -€570,248 | -45.1% |
| Plant, machinery and equipment | 23 | €10,453 | €21,065 | +€10,611 | +102% |
| Furniture and vehicles | 24 | €2,984 | €1,899 | -€1,085 | -36.4% |
| Leasing and similar rights | 25 | €653 | €0 | -€653 | -100% |
| Financial fixed assets | 28 | €1,105 | €0 | -€1,105 | -100% |
| Current assets | 29/58 | €109,427 | €70,923 | -€38,504 | -35.2% |
| Amounts receivable after more than one year | 29 | €45,407 | €0 | -€45,407 | -100% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €45,407 | €0 | -€45,407 | -100% |
| Stocks and contracts in progress | 3 | €51,408 | €54,651 | +€3,243 | +6.3% |
| Stocks | 30/36 | €51,408 | €54,651 | +€3,243 | +6.3% |
| Amounts receivable within one year | 40/41 | €4,080 | €3,562 | -€518 | -12.7% |
| Trade receivables | 40 | €1,588 | €280 | -€1,308 | -82.4% |
| Other amounts receivable | 41 | €2,492 | €3,283 | +€790 | +31.7% |
| Cash at bank and in hand | 54/58 | €5,290 | €9,584 | +€4,295 | +81.2% |
| Deferred charges and accrued income | 490/1 | €3,242 | €3,126 | -€117 | -3.6% |
| Total equity and liabilities | 10/49 | €1,388,527 | €787,543 | -€600,984 | -43.3% |
| Equity | 10/15 | €139,745 | -€446,504 | -€586,248 | |
| Contributions | 10/11 | €218,736 | €218,736 | = | 0.0% |
| Reserves | 13 | €21,874 | €21,874 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,874 | €21,874 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,874 | €21,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,865 | -€687,113 | -€586,248 | -581% |
| Amounts payable | 17/49 | €1,248,783 | €1,234,047 | -€14,736 | -1.2% |
| Amounts payable after more than one year | 17 | €830,240 | €1,033,966 | +€203,726 | +24.5% |
| Financial debts | 170/4 | €830,240 | €1,033,966 | +€203,726 | +24.5% |
| Amounts payable within one year | 42/48 | €412,768 | €195,890 | -€216,878 | -52.5% |
| Current portion of amounts payable after more than one year | 42 | €65,679 | €79,711 | +€14,031 | +21.4% |
| Financial debts | 43 | €51,935 | €8,664 | -€43,271 | -83.3% |
| Credit institutions | 430/8 | €51,935 | €8,664 | -€43,271 | -83.3% |
| Trade debts | 44 | €209,532 | €77,570 | -€131,962 | -63.0% |
| Suppliers | 440/4 | €209,532 | €77,570 | -€131,962 | -63.0% |
| Taxes, remuneration and social security | 45 | €76,438 | €29,946 | -€46,492 | -60.8% |
| Taxes | 450/3 | €23,196 | €19,919 | -€3,277 | -14.1% |
| Remuneration and social security | 454/9 | €53,242 | €10,027 | -€43,215 | -81.2% |
| Other amounts payable | 47/48 | €9,184 | €0 | -€9,184 | -100% |
| Accrued charges and deferred income | 492/3 | €5,775 | €4,191 | -€1,584 | -27.4% |
| Remuneration, social security and pensions | 62 | €225,448 | €94,119 | -€131,329 | -58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,007 | €587,161 | +€530,154 | +930% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €36,434 | +€36,434 | |
| Other operating charges | 640/8 | €3,601 | €5,098 | +€1,497 | +41.6% |
| Non-recurring operating charges | 66A | - | €13,453 | +€13,453 | |
| Gross operating margin | 9900 | €266,545 | €161,887 | -€104,658 | -39.3% |
| Operating profit (loss) | 9901 | -€19,512 | -€574,379 | -€554,867 | -2,844% |
| Financial income | 75/76B | €2,934 | €262 | -€2,672 | -91.1% |
| Recurring financial income | 75 | €2,934 | €262 | -€2,672 | -91.1% |
| Financial charges | 65/66B | €36,670 | €22,131 | -€14,539 | -39.6% |
| Recurring financial charges | 65 | €36,670 | €22,131 | -€14,539 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | -€53,249 | -€596,248 | -€543,000 | -1,020% |
| Profit (loss) for the period | 9904 | -€53,249 | -€596,248 | -€543,000 | -1,020% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,249 | -€596,248 | -€543,000 | -1,020% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.