Qelevate: what changed
Two fiscal 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.
Qelevate
Largest movements
- Cash +€152,083
up €152,083 (+825.4%), from €18,426 to €170,509
mainly Net result for the year (+€117,486) and Tax, wage and social debts (+€31,074)
- Receivables within one year +€4,379
up €4,379 (+17.4%), from €25,222 to €29,601
- Profit (loss) carried forward +€117,486
up €117,486 (+736.6%), from €15,950 to €133,436
- Tax, wage and social debts +€31,074
up €31,074 (+192.2%), from €16,169 to €47,243
- Trade debts +€6,185
up €6,185 (+180.6%), from €3,424 to €9,609
- Gross operating margin +€132,355
up €132,355 (+627.9%), from €21,080 to €153,435
- Taxes +€29,913
up €29,913 (+708.6%), from €4,222 to €34,135
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.
Cash bridge derived
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 | €43,648 | €200,110 | +€156,463 | +358.5% |
| Current assets | 29/58 | €43,648 | €200,110 | +€156,463 | +358.5% |
| Amounts receivable within one year | 40/41 | €25,222 | €29,601 | +€4,379 | +17.4% |
| Trade receivables | 40 | €25,222 | €29,601 | +€4,379 | +17.4% |
| Cash at bank and in hand | 54/58 | €18,426 | €170,509 | +€152,083 | +825.4% |
| Total equity and liabilities | 10/49 | €43,648 | €200,110 | +€156,463 | +358.5% |
| Equity | 10/15 | €20,950 | €138,436 | +€117,486 | +560.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,950 | €133,436 | +€117,486 | +736.6% |
| Amounts payable | 17/49 | €22,697 | €61,674 | +€38,977 | +171.7% |
| Amounts payable within one year | 42/48 | €22,578 | €61,407 | +€38,829 | +172.0% |
| Trade debts | 44 | €3,424 | €9,609 | +€6,185 | +180.6% |
| Suppliers | 440/4 | €3,424 | €9,609 | +€6,185 | +180.6% |
| Taxes, remuneration and social security | 45 | €16,169 | €47,243 | +€31,074 | +192.2% |
| Taxes | 450/3 | €16,169 | €47,243 | +€31,074 | +192.2% |
| Other amounts payable | 47/48 | €2,985 | €4,556 | +€1,571 | +52.6% |
| Accrued charges and deferred income | 492/3 | €120 | €267 | +€147 | +123.0% |
| Other operating charges | 640/8 | €50 | €46 | -€4 | -8.0% |
| Gross operating margin | 9900 | €21,080 | €153,435 | +€132,355 | +627.9% |
| Operating profit (loss) | 9901 | €21,030 | €153,389 | +€132,359 | +629.4% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €858 | €1,783 | +€925 | +107.8% |
| Recurring financial charges | 65 | €858 | €1,783 | +€925 | +107.8% |
| Profit (loss) for the period before taxes | 9903 | €20,172 | €151,621 | +€131,449 | +651.6% |
| Income taxes | 67/77 | €4,222 | €34,135 | +€29,913 | +708.6% |
| Profit (loss) for the period | 9904 | €15,950 | €117,486 | +€101,536 | +636.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,950 | €117,486 | +€101,536 | +636.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.