QAWALI: 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.
QAWALI
Largest movements
- Cash -€5,092
no longer reported in 2025 (was €5,092)
mainly Net result for the year (-€6,464) and Trade debts (-€43)
- Receivables within one year -€616
down €616 (-4.7%), from €13,089 to €12,472
of which Other amounts receivable: -€616
- Tangible fixed assets -€406
no longer reported in 2025 (was €406)
- Profit (loss) carried forward -€6,464
down €6,464 (-1.7%), from -€379,596 to -€386,060
- Other debts +€392
up €392 (+0.2%), from €227,680 to €228,072
- Gross operating margin -€2,095
down €2,095 (-65.4%), from -€3,202 to -€5,296
- Financial charges -€894
down €894 (-92.9%), from €962 to €68
of which Financial charges: -€844
- Depreciation -€544
down €544 (-57.3%), from €950 to €406
- Taxes -€146
down €146 (-48.9%), from €299 to €153
- Other operating charges -€84
down €84 (-12.5%), from €670 to €586
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 | €18,587 | €12,472 | -€6,115 | -32.9% |
| Fixed assets | 21/28 | €406 | - | -€406 | |
| Tangible fixed assets | 22/27 | €406 | - | -€406 | |
| Furniture and vehicles | 24 | €406 | - | -€406 | |
| Current assets | 29/58 | €18,181 | €12,472 | -€5,709 | -31.4% |
| Amounts receivable within one year | 40/41 | €13,089 | €12,472 | -€616 | -4.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €13,089 | €12,472 | -€616 | -4.7% |
| Cash at bank and in hand | 54/58 | €5,092 | - | -€5,092 | |
| Total equity and liabilities | 10/49 | €18,587 | €12,472 | -€6,115 | -32.9% |
| Equity | 10/15 | -€359,136 | -€365,600 | -€6,464 | -1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€379,596 | -€386,060 | -€6,464 | -1.7% |
| Amounts payable | 17/49 | €377,723 | €378,072 | +€349 | +0.1% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €227,723 | €228,072 | +€349 | +0.2% |
| Trade debts | 44 | €43 | - | -€43 | |
| Suppliers | 440/4 | €43 | - | -€43 | |
| Other amounts payable | 47/48 | €227,680 | €228,072 | +€392 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €950 | €406 | -€544 | -57.3% |
| Other operating charges | 640/8 | €670 | €586 | -€84 | -12.5% |
| Gross operating margin | 9900 | -€3,202 | -€5,296 | -€2,095 | -65.4% |
| Operating profit (loss) | 9901 | -€4,821 | -€6,289 | -€1,467 | -30.4% |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Non-recurring financial income | 76B | - | €46 | +€46 | |
| Financial charges | 65/66B | €962 | €68 | -€894 | -92.9% |
| Recurring financial charges | 65 | €912 | €68 | -€844 | -92.5% |
| Non-recurring financial charges | 66B | €50 | - | -€50 | |
| Profit (loss) for the period before taxes | 9903 | -€5,783 | -€6,311 | -€527 | -9.1% |
| Income taxes | 67/77 | €299 | €153 | -€146 | -48.9% |
| Profit (loss) for the period | 9904 | -€6,082 | -€6,464 | -€381 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,082 | -€6,464 | -€381 | -6.3% |
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 18 October 2026 via checked.be.