QILINI: 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.
QILINI
Largest movements
- Receivables within one year -€23,166
down €23,166 (-72.8%), from €31,804 to €8,638
of which Other amounts receivable: -€20,353
- Cash +€13,262
up €13,262 (+40.7%), from €32,597 to €45,858
mainly Receivables within one year (+€23,166) and Other debts (+€9,261)
- Tangible fixed assets -€4,525
down €4,525 (-12.7%), from €35,606 to €31,081
of which Leasing and similar rights: -€34,511
- Tax, wage and social debts -€15,971
down €15,971 (-83.6%), from €19,104 to €3,133
- Other debts +€9,261
new in 2025: €9,261
- Debts after one year -€7,052
down €7,052 (-100.0%), from €7,052 to €0
- Reserves +€3,146
up €3,146 (+5.9%), from €53,659 to €56,805
- Current portion of long-term debt -€3,105
down €3,105 (-30.6%), from €10,156 to €7,052
- Gross operating margin -€26,588
down €26,588 (-57.0%), from €46,636 to €20,048
- Taxes -€7,956
down €7,956 (-83.0%), from €9,583 to €1,627
- Depreciation -€3,481
down €3,481 (-34.7%), from €10,031 to €6,549
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 | €100,897 | €86,560 | -€14,336 | -14.2% |
| Fixed assets | 21/28 | €35,611 | €31,086 | -€4,525 | -12.7% |
| Tangible fixed assets | 22/27 | €35,606 | €31,081 | -€4,525 | -12.7% |
| Furniture and vehicles | 24 | €1,094 | €31,081 | +€29,987 | +2740.8% |
| Leasing and similar rights | 25 | €34,511 | €0 | -€34,511 | -100.0% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €65,286 | €55,475 | -€9,812 | -15.0% |
| Amounts receivable within one year | 40/41 | €31,804 | €8,638 | -€23,166 | -72.8% |
| Trade receivables | 40 | €9,389 | €6,577 | -€2,813 | -30.0% |
| Other amounts receivable | 41 | €22,415 | €2,062 | -€20,353 | -90.8% |
| Cash at bank and in hand | 54/58 | €32,597 | €45,858 | +€13,262 | +40.7% |
| Deferred charges and accrued income | 490/1 | €886 | €978 | +€93 | +10.5% |
| Total equity and liabilities | 10/49 | €100,897 | €86,560 | -€14,336 | -14.2% |
| Equity | 10/15 | €63,659 | €66,805 | +€3,146 | +4.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €53,659 | €56,805 | +€3,146 | +5.9% |
| Distributable reserves | 133 | €53,659 | €56,805 | +€3,146 | +5.9% |
| Amounts payable | 17/49 | €37,238 | €19,755 | -€17,483 | -46.9% |
| Amounts payable after more than one year | 17 | €7,052 | €0 | -€7,052 | -100.0% |
| Financial debts | 170/4 | €7,052 | €0 | -€7,052 | -100.0% |
| Amounts payable within one year | 42/48 | €30,186 | €19,755 | -€10,431 | -34.6% |
| Current portion of amounts payable after more than one year | 42 | €10,156 | €7,052 | -€3,105 | -30.6% |
| Trade debts | 44 | €926 | €309 | -€617 | -66.6% |
| Suppliers | 440/4 | €926 | €309 | -€617 | -66.6% |
| Taxes, remuneration and social security | 45 | €19,104 | €3,133 | -€15,971 | -83.6% |
| Taxes | 450/3 | €19,104 | €3,133 | -€15,971 | -83.6% |
| Other amounts payable | 47/48 | - | €9,261 | +€9,261 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,031 | €6,549 | -€3,481 | -34.7% |
| Other operating charges | 640/8 | €1,004 | €591 | -€412 | -41.1% |
| Non-recurring operating charges | 66A | - | €7,239 | +€7,239 | |
| Gross operating margin | 9900 | €46,636 | €20,048 | -€26,588 | -57.0% |
| Operating profit (loss) | 9901 | €35,602 | €5,669 | -€29,933 | -84.1% |
| Financial income | 75/76B | €0 | €26 | +€26 | |
| Recurring financial income | 75 | €0 | €26 | +€26 | |
| Financial charges | 65/66B | €1,387 | €921 | -€466 | -33.6% |
| Recurring financial charges | 65 | €1,387 | €921 | -€466 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €34,214 | €4,773 | -€29,441 | -86.0% |
| Income taxes | 67/77 | €9,583 | €1,627 | -€7,956 | -83.0% |
| Profit (loss) for the period | 9904 | €24,631 | €3,146 | -€21,485 | -87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,631 | €3,146 | -€21,485 | -87.2% |
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 5 October 2026 via checked.be.