QiLeader: 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.
QiLeader
Largest movements
- Cash -€65,789
down €65,789 (-47.6%), from €138,344 to €72,555
mainly Contributions, distributions and other (-€125,000) and Trade debts (-€4,092)
- Tangible fixed assets -€23,729
down €23,729 (-11.0%), from €214,961 to €191,232
of which Furniture and vehicles: -€18,110
- Receivables within one year -€6,484
down €6,484 (-19.0%), from €34,039 to €27,555
of which Trade receivables: -€3,314
- Reserves -€125,000
down €125,000 (-38.0%), from €329,037 to €204,037
- Profit (loss) carried forward +€34,523
up €34,523, from €0 to €34,523
- Trade debts -€4,092
down €4,092 (-61.7%), from €6,634 to €2,543
- Debts after one year -€3,982
down €3,982 (-31.2%), from €12,772 to €8,790
- Staff costs -€24,534
down €24,534 (-77.2%), from €31,799 to €7,265
- Gross operating margin -€21,476
down €21,476 (-20.1%), from €106,783 to €85,307
- Depreciation +€5,702
up €5,702 (+30.9%), from €18,437 to €24,139
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 | €391,127 | €298,959 | -€92,169 | -23.6% |
| Fixed assets | 21/28 | €215,258 | €194,481 | -€20,776 | -9.7% |
| Intangible fixed assets | 21 | - | €3,042 | +€3,042 | |
| Tangible fixed assets | 22/27 | €214,961 | €191,232 | -€23,729 | -11.0% |
| Land and buildings | 22 | €131,004 | €125,979 | -€5,025 | -3.8% |
| Plant, machinery and equipment | 23 | €2,359 | €1,765 | -€594 | -25.2% |
| Furniture and vehicles | 24 | €81,598 | €63,488 | -€18,110 | -22.2% |
| Financial fixed assets | 28 | €297 | €207 | -€90 | -30.3% |
| Current assets | 29/58 | €175,869 | €104,477 | -€71,392 | -40.6% |
| Amounts receivable within one year | 40/41 | €34,039 | €27,555 | -€6,484 | -19.0% |
| Trade receivables | 40 | €30,869 | €27,555 | -€3,314 | -10.7% |
| Other amounts receivable | 41 | €3,170 | €0 | -€3,170 | -100% |
| Cash at bank and in hand | 54/58 | €138,344 | €72,555 | -€65,789 | -47.6% |
| Deferred charges and accrued income | 490/1 | €3,487 | €4,367 | +€880 | +25.2% |
| Total equity and liabilities | 10/49 | €391,127 | €298,959 | -€92,169 | -23.6% |
| Equity | 10/15 | €347,637 | €257,160 | -€90,477 | -26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €329,037 | €204,037 | -€125,000 | -38.0% |
| Distributable reserves | 133 | €329,037 | €204,037 | -€125,000 | -38.0% |
| Profit (loss) carried forward | 14 | €0 | €34,523 | +€34,523 | |
| Amounts payable | 17/49 | €43,490 | €41,799 | -€1,691 | -3.9% |
| Amounts payable after more than one year | 17 | €12,772 | €8,790 | -€3,982 | -31.2% |
| Financial debts | 170/4 | €12,772 | €8,790 | -€3,982 | -31.2% |
| Amounts payable within one year | 42/48 | €18,700 | €19,045 | +€345 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €3,836 | €3,982 | +€146 | +3.8% |
| Financial debts | 43 | €687 | €127 | -€560 | -81.5% |
| Credit institutions | 430/8 | €687 | €127 | -€560 | -81.5% |
| Trade debts | 44 | €6,634 | €2,543 | -€4,092 | -61.7% |
| Suppliers | 440/4 | €6,634 | €2,543 | -€4,092 | -61.7% |
| Taxes, remuneration and social security | 45 | €6,679 | €10,516 | +€3,838 | +57.5% |
| Taxes | 450/3 | €6,269 | €10,084 | +€3,815 | +60.9% |
| Remuneration and social security | 454/9 | €410 | €432 | +€22 | +5.4% |
| Other amounts payable | 47/48 | €864 | €1,877 | +€1,013 | +117% |
| Accrued charges and deferred income | 492/3 | €12,018 | €13,964 | +€1,946 | +16.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €31,799 | €7,265 | -€24,534 | -77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,437 | €24,139 | +€5,702 | +30.9% |
| Other operating charges | 640/8 | €564 | €817 | +€253 | +44.9% |
| Gross operating margin | 9900 | €106,783 | €85,307 | -€21,476 | -20.1% |
| Operating profit (loss) | 9901 | €55,983 | €53,085 | -€2,898 | -5.2% |
| Financial income | 75/76B | €1,473 | €993 | -€480 | -32.6% |
| Recurring financial income | 75 | €1,473 | €993 | -€480 | -32.6% |
| Financial charges | 65/66B | €1,363 | €1,315 | -€48 | -3.5% |
| Recurring financial charges | 65 | €1,363 | €1,315 | -€48 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €56,093 | €52,763 | -€3,330 | -5.9% |
| Income taxes | 67/77 | €17,681 | €18,240 | +€559 | +3.2% |
| Profit (loss) for the period | 9904 | €38,412 | €34,523 | -€3,889 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,412 | €34,523 | -€3,889 | -10.1% |
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 16 October 2026 via checked.be.