QELI: 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.
QELI
Largest movements
- Receivables within one year +€116,401
up €116,401 (+140.8%), from €82,660 to €199,061
of which Trade receivables: +€114,106
- Cash +€33,278
up €33,278 (+384.3%), from €8,660 to €41,939
mainly Net result for the year (+€95,472) and Receivables after one year (+€31,568)
- Receivables after one year -€31,568
down €31,568 (-77.0%), from €40,971 to €9,403
- Profit (loss) carried forward +€95,472
up €95,472 (+66309.2%), from €144 to €95,616
- Tax, wage and social debts +€30,363
up €30,363 (+63.6%), from €47,710 to €78,073
of which Taxes: +€24,154
- Trade debts -€5,967
down €5,967 (-16.7%), from €35,781 to €29,814
- Purchases and services +€1.0m
new in 2024: €1.0m
- Gross operating margin +€73,474
up €73,474 (+33.4%), from €220,164 to €293,638
- Staff costs +€40,469
up €40,469 (+26.1%), from €154,788 to €195,256
- Taxes -€13,000
no longer reported in 2024 (was €13,000)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,634 | €256,503 | +€119,868 | +87.7% |
| Fixed assets | 21/28 | €4,344 | €6,100 | +€1,756 | +40.4% |
| Tangible fixed assets | 22/27 | €414 | €2,170 | +€1,756 | +424.5% |
| Plant, machinery and equipment | 23 | - | €418 | +€418 | |
| Furniture and vehicles | 24 | €414 | €1,752 | +€1,338 | +323.4% |
| Financial fixed assets | 28 | €3,930 | €3,930 | = | 0.0% |
| Current assets | 29/58 | €132,291 | €250,403 | +€118,112 | +89.3% |
| Amounts receivable after more than one year | 29 | €40,971 | €9,403 | -€31,568 | -77.0% |
| Other amounts receivable | 291 | €40,971 | €9,403 | -€31,568 | -77.0% |
| Amounts receivable within one year | 40/41 | €82,660 | €199,061 | +€116,401 | +140.8% |
| Trade receivables | 40 | €65,591 | €179,697 | +€114,106 | +174.0% |
| Other amounts receivable | 41 | €17,069 | €19,364 | +€2,295 | +13.4% |
| Cash at bank and in hand | 54/58 | €8,660 | €41,939 | +€33,278 | +384.3% |
| Total equity and liabilities | 10/49 | €136,634 | €256,503 | +€119,868 | +87.7% |
| Equity | 10/15 | €53,144 | €148,616 | +€95,472 | +179.6% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Contributions outside capital | 11 | €7,000 | - | -€7,000 | |
| Share premium | 1100/10 | €7,000 | - | -€7,000 | |
| Reserves | 13 | €46,000 | €46,000 | = | 0.0% |
| Distributable reserves | 133 | €46,000 | €46,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144 | €95,616 | +€95,472 | +66309.2% |
| Amounts payable | 17/49 | €83,490 | €107,887 | +€24,397 | +29.2% |
| Amounts payable within one year | 42/48 | €83,490 | €107,887 | +€24,397 | +29.2% |
| Trade debts | 44 | €35,781 | €29,814 | -€5,967 | -16.7% |
| Suppliers | 440/4 | €35,781 | €29,814 | -€5,967 | -16.7% |
| Taxes, remuneration and social security | 45 | €47,710 | €78,073 | +€30,363 | +63.6% |
| Taxes | 450/3 | €16,285 | €40,439 | +€24,154 | +148.3% |
| Remuneration and social security | 454/9 | €31,425 | €37,634 | +€6,209 | +19.8% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,006,220 | +€1.0m | |
| Remuneration, social security and pensions | 62 | €154,788 | €195,256 | +€40,469 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271 | €710 | +€439 | +162.3% |
| Other operating charges | 640/8 | €3,046 | €2,200 | -€847 | -27.8% |
| Gross operating margin | 9900 | €220,164 | €293,638 | +€73,474 | +33.4% |
| Operating profit (loss) | 9901 | €62,059 | €95,472 | +€33,413 | +53.8% |
| Financial charges | 65/66B | €2,915 | - | -€2,915 | |
| Recurring financial charges | 65 | €2,915 | - | -€2,915 | |
| Profit (loss) for the period before taxes | 9903 | €59,144 | €95,472 | +€36,328 | +61.4% |
| Income taxes | 67/77 | €13,000 | - | -€13,000 | |
| Profit (loss) for the period | 9904 | €46,144 | €95,472 | +€49,328 | +106.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,144 | €95,472 | +€49,328 | +106.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.