QELONA: 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.
QELONA
Largest movements
- Cash +€76,343
up €76,343 (+34.2%), from €223,094 to €299,437
mainly Net result for the year (+€82,311) and Tax, wage and social debts (+€5,342)
- Receivables within one year +€11,310
up €11,310 (+15.1%), from €74,983 to €86,293
of which Other amounts receivable: +€45,000
- Profit (loss) carried forward +€57,311
up €57,311 (+24.9%), from €229,963 to €287,275
- Reserves +€25,000
up €25,000 (+50.0%), from €50,000 to €75,000
- Tax, wage and social debts +€5,342
up €5,342 (+65.8%), from €8,113 to €13,456
- Turnover +€10,647
up €10,647 (+6.8%), from €156,033 to €166,680
- Gross operating margin +€8,460
up €8,460 (+10.5%), from €80,569 to €89,030
- Taxes +€3,000
up €3,000 (+150%), from €2,000 to €5,000
- Purchases and services +€2,186
up €2,186 (+2.9%), from €75,464 to €77,650
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 | €298,077 | €385,730 | +€87,654 | +29.4% |
| Current assets | 29/58 | €298,077 | €385,730 | +€87,654 | +29.4% |
| Amounts receivable within one year | 40/41 | €74,983 | €86,293 | +€11,310 | +15.1% |
| Trade receivables | 40 | €44,983 | €11,293 | -€33,690 | -74.9% |
| Other amounts receivable | 41 | €30,000 | €75,000 | +€45,000 | +150% |
| Cash at bank and in hand | 54/58 | €223,094 | €299,437 | +€76,343 | +34.2% |
| Total equity and liabilities | 10/49 | €298,077 | €385,730 | +€87,654 | +29.4% |
| Equity | 10/15 | €289,963 | €372,275 | +€82,311 | +28.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Non-distributable reserves | 130/1 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Reserves not available under the articles | 1311 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Profit (loss) carried forward | 14 | €229,963 | €287,275 | +€57,311 | +24.9% |
| Amounts payable | 17/49 | €8,113 | €13,456 | +€5,342 | +65.8% |
| Amounts payable within one year | 42/48 | €8,113 | €13,456 | +€5,342 | +65.8% |
| Taxes, remuneration and social security | 45 | €8,113 | €13,456 | +€5,342 | +65.8% |
| Taxes | 450/3 | €8,113 | €13,456 | +€5,342 | +65.8% |
| Turnover | 70 | €156,033 | €166,680 | +€10,647 | +6.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €75,464 | €77,650 | +€2,186 | +2.9% |
| Other operating charges | 640/8 | €1,612 | €1,662 | +€50 | +3.1% |
| Gross operating margin | 9900 | €80,569 | €89,030 | +€8,460 | +10.5% |
| Operating profit (loss) | 9901 | €78,957 | €87,368 | +€8,411 | +10.7% |
| Financial charges | 65/66B | - | €57 | +€57 | |
| Recurring financial charges | 65 | - | €57 | +€57 | |
| Profit (loss) for the period before taxes | 9903 | €78,957 | €87,311 | +€8,354 | +10.6% |
| Income taxes | 67/77 | €2,000 | €5,000 | +€3,000 | +150% |
| Profit (loss) for the period | 9904 | €76,957 | €82,311 | +€5,354 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,957 | €82,311 | +€5,354 | +7.0% |
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 1 November 2026 via checked.be.