Q LIVING: 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.
Q LIVING
Largest movements
- Stocks and contracts +€160,778
up €160,778 (+31.7%), from €506,886 to €667,663
- Cash -€33,395
down €33,395 (-54.5%), from €61,262 to €27,867
mainly Stocks and contracts (-€160,778) and Net result for the year (-€101,374)
- Receivables within one year +€17,317
up €17,317 (+10.1%), from €171,685 to €189,002
of which Trade receivables: +€12,872
- Short-term financial debts +€151,438
new in 2025: €151,438
- Other debts +€115,011
up €115,011 (+39.9%), from €288,416 to €403,428
- Profit (loss) carried forward -€101,374
down €101,374 (-53.8%), from -€188,596 to -€289,970
- Current portion of long-term debt -€20,000
down €20,000 (-83.3%), from €24,000 to €4,000
- Gross operating margin -€137,681
down €137,681, from €50,436 to -€87,245
- Depreciation -€1,627
down €1,627 (-16.3%), from €9,981 to €8,354
- Other operating charges -€986
down €986 (-33.8%), from €2,918 to €1,932
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 | €790,425 | €926,634 | +€136,208 | +17.2% |
| Fixed assets | 21/28 | €48,449 | €40,095 | -€8,354 | -17.2% |
| Tangible fixed assets | 22/27 | €48,449 | €40,095 | -€8,354 | -17.2% |
| Land and buildings | 22 | €38,126 | €32,407 | -€5,719 | -15.0% |
| Plant, machinery and equipment | 23 | €9,838 | €7,667 | -€2,171 | -22.1% |
| Furniture and vehicles | 24 | €484 | €20 | -€464 | -95.8% |
| Current assets | 29/58 | €741,976 | €886,539 | +€144,562 | +19.5% |
| Stocks and contracts in progress | 3 | €506,886 | €667,663 | +€160,778 | +31.7% |
| Stocks | 30/36 | €506,886 | €667,663 | +€160,778 | +31.7% |
| Amounts receivable within one year | 40/41 | €171,685 | €189,002 | +€17,317 | +10.1% |
| Trade receivables | 40 | €169,386 | €182,258 | +€12,872 | +7.6% |
| Other amounts receivable | 41 | €2,299 | €6,744 | +€4,445 | +193% |
| Cash at bank and in hand | 54/58 | €61,262 | €27,867 | -€33,395 | -54.5% |
| Deferred charges and accrued income | 490/1 | €2,143 | €2,006 | -€137 | -6.4% |
| Total equity and liabilities | 10/49 | €790,425 | €926,634 | +€136,208 | +17.2% |
| Equity | 10/15 | €458,558 | €357,184 | -€101,374 | -22.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €597,154 | €597,154 | = | 0.0% |
| Distributable reserves | 133 | €597,154 | €597,154 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,596 | -€289,970 | -€101,374 | -53.8% |
| Amounts payable | 17/49 | €331,867 | €569,450 | +€237,582 | +71.6% |
| Amounts payable after more than one year | 17 | €4,000 | - | -€4,000 | |
| Financial debts | 170/4 | €4,000 | - | -€4,000 | |
| Amounts payable within one year | 42/48 | €327,867 | €569,450 | +€241,582 | +73.7% |
| Current portion of amounts payable after more than one year | 42 | €24,000 | €4,000 | -€20,000 | -83.3% |
| Financial debts | 43 | - | €151,438 | +€151,438 | |
| Credit institutions | 430/8 | - | €151,438 | +€151,438 | |
| Trade debts | 44 | €12,347 | €7,110 | -€5,237 | -42.4% |
| Suppliers | 440/4 | €12,347 | €7,110 | -€5,237 | -42.4% |
| Taxes, remuneration and social security | 45 | €3,104 | €3,475 | +€370 | +11.9% |
| Taxes | 450/3 | €3,104 | €3,475 | +€370 | +11.9% |
| Other amounts payable | 47/48 | €288,416 | €403,428 | +€115,011 | +39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,981 | €8,354 | -€1,627 | -16.3% |
| Other operating charges | 640/8 | €2,918 | €1,932 | -€986 | -33.8% |
| Gross operating margin | 9900 | €50,436 | -€87,245 | -€137,681 | |
| Operating profit (loss) | 9901 | €37,537 | -€97,530 | -€135,068 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,431 | €3,474 | +€42 | +1.2% |
| Recurring financial charges | 65 | €3,431 | €3,474 | +€42 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €34,106 | -€101,004 | -€135,110 | |
| Income taxes | 67/77 | €404 | €370 | -€34 | -8.5% |
| Profit (loss) for the period | 9904 | €33,701 | -€101,374 | -€135,075 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,701 | -€101,374 | -€135,075 |
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 30 October 2026 via checked.be.