QEBLAN COMPANY: 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.
QEBLAN COMPANY
Largest movements
- Tangible fixed assets -€13,753
down €13,753 (-36.0%), from €38,189 to €24,436
of which Furniture and vehicles: -€10,396
- Cash -€3,761
down €3,761 (-45.1%), from €8,339 to €4,578
mainly Tax, wage and social debts (-€22,998) and Other debts (-€11,902)
- Receivables within one year +€2,691
up €2,691 (+3,255%), from €83 to €2,773
- Profit (loss) carried forward +€24,321
up €24,321, from -€4,404 to €19,917
- Tax, wage and social debts -€22,998
down €22,998 (-82.7%), from €27,819 to €4,821
of which Remuneration and social security: -€15,726
- Other debts -€11,902
down €11,902 (-99.3%), from €11,987 to €85
- Trade debts -€6,858
no longer reported in 2025 (was €6,858)
- Accrued charges and deferred income +€2,613
up €2,613 (+747%), from €350 to €2,963
- Gross operating margin +€32,021
up €32,021 (+47.0%), from €68,058 to €100,078
- Staff costs -€30,757
down €30,757 (-47.7%), from €64,491 to €33,734
- Depreciation -€2,541
down €2,541 (-20.6%), from €12,353 to €9,812
- Taxes +€2,079
new in 2025: €2,079
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 | €46,610 | €31,787 | -€14,823 | -31.8% |
| Fixed assets | 21/28 | €38,189 | €24,436 | -€13,753 | -36.0% |
| Tangible fixed assets | 22/27 | €38,189 | €24,436 | -€13,753 | -36.0% |
| Plant, machinery and equipment | 23 | €6,426 | €3,069 | -€3,357 | -52.2% |
| Furniture and vehicles | 24 | €31,763 | €21,367 | -€10,396 | -32.7% |
| Current assets | 29/58 | €8,421 | €7,351 | -€1,071 | -12.7% |
| Amounts receivable within one year | 40/41 | €83 | €2,773 | +€2,691 | +3,255% |
| Trade receivables | 40 | €83 | €2,773 | +€2,691 | +3,255% |
| Cash at bank and in hand | 54/58 | €8,339 | €4,578 | -€3,761 | -45.1% |
| Total equity and liabilities | 10/49 | €46,610 | €31,787 | -€14,823 | -31.8% |
| Equity | 10/15 | -€404 | €23,917 | +€24,321 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,404 | €19,917 | +€24,321 | |
| Amounts payable | 17/49 | €47,014 | €7,870 | -€39,145 | -83.3% |
| Amounts payable within one year | 42/48 | €46,664 | €4,906 | -€41,758 | -89.5% |
| Trade debts | 44 | €6,858 | - | -€6,858 | |
| Suppliers | 440/4 | €6,858 | - | -€6,858 | |
| Taxes, remuneration and social security | 45 | €27,819 | €4,821 | -€22,998 | -82.7% |
| Taxes | 450/3 | €11,200 | €3,928 | -€7,272 | -64.9% |
| Remuneration and social security | 454/9 | €16,619 | €893 | -€15,726 | -94.6% |
| Other amounts payable | 47/48 | €11,987 | €85 | -€11,902 | -99.3% |
| Accrued charges and deferred income | 492/3 | €350 | €2,963 | +€2,613 | +747% |
| Remuneration, social security and pensions | 62 | €64,491 | €33,734 | -€30,757 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,353 | €9,812 | -€2,541 | -20.6% |
| Other operating charges | 640/8 | €3,827 | €3,898 | +€72 | +1.9% |
| Non-recurring operating charges | 66A | €6,182 | €26,188 | +€20,006 | +324% |
| Gross operating margin | 9900 | €68,058 | €100,078 | +€32,021 | +47.0% |
| Operating profit (loss) | 9901 | -€18,795 | €26,446 | +€45,241 | |
| Financial charges | 65/66B | €44 | €45 | +€1 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€1 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,839 | €26,401 | +€45,240 | |
| Income taxes | 67/77 | - | €2,079 | +€2,079 | |
| Profit (loss) for the period | 9904 | -€18,839 | €24,321 | +€43,160 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,839 | €24,321 | +€43,160 |
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 29 October 2026 via checked.be.