QILOWATT: 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.
QILOWATT
Largest movements
- Cash +€149,498
up €149,498 (+492%), from €30,386 to €179,884
mainly Accrued charges and deferred income (+€209,605) and Stocks and contracts (+€90,320)
- Tangible fixed assets +€113,114
up €113,114 (+71.0%), from €159,319 to €272,434
of which Plant, machinery and equipment: +€108,432
- Stocks and contracts -€90,320
down €90,320 (-61.0%), from €147,975 to €57,655
- Receivables within one year -€11,642
down €11,642 (-1.9%), from €624,066 to €612,424
of which Other amounts receivable: -€101,479
- Accrued charges and deferred income +€209,605
up €209,605 (+96.5%), from €217,138 to €426,743
- Trade debts +€59,031
up €59,031 (+14.2%), from €415,940 to €474,972
- Reserves -€43,289
down €43,289 (-26.2%), from €165,037 to €121,748
- Tax, wage and social debts -€31,354
down €31,354 (-38.7%), from €80,969 to €49,614
- Debts after one year -€24,320
down €24,320 (-100%), from €24,320 to €0
- Gross operating margin -€189,285
down €189,285 (-85.2%), from €222,173 to €32,888
- Taxes -€51,258
down €51,258 (-100%), from €51,258 to €0
- Financial charges +€36,658
up €36,658 (+4,440%), from €826 to €37,484
- Depreciation +€36,617
up €36,617 (+2,959%), from €1,237 to €37,855
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 | €961,746 | €1,122,397 | +€160,650 | +16.7% |
| Fixed assets | 21/28 | €159,319 | €272,434 | +€113,114 | +71.0% |
| Tangible fixed assets | 22/27 | €159,319 | €272,434 | +€113,114 | +71.0% |
| Plant, machinery and equipment | 23 | €159,319 | €267,752 | +€108,432 | +68.1% |
| Furniture and vehicles | 24 | - | €4,682 | +€4,682 | |
| Current assets | 29/58 | €802,427 | €849,963 | +€47,536 | +5.9% |
| Stocks and contracts in progress | 3 | €147,975 | €57,655 | -€90,320 | -61.0% |
| Stocks | 30/36 | €147,975 | €57,655 | -€90,320 | -61.0% |
| Amounts receivable within one year | 40/41 | €624,066 | €612,424 | -€11,642 | -1.9% |
| Trade receivables | 40 | €497,587 | €587,424 | +€89,837 | +18.1% |
| Other amounts receivable | 41 | €126,479 | €25,000 | -€101,479 | -80.2% |
| Cash at bank and in hand | 54/58 | €30,386 | €179,884 | +€149,498 | +492% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €961,746 | €1,122,397 | +€160,650 | +16.7% |
| Equity | 10/15 | €190,037 | €146,748 | -€43,289 | -22.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €165,037 | €121,748 | -€43,289 | -26.2% |
| Distributable reserves | 133 | €165,037 | €121,748 | -€43,289 | -26.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €771,710 | €975,649 | +€203,939 | +26.4% |
| Amounts payable after more than one year | 17 | €24,320 | €0 | -€24,320 | -100% |
| Financial debts | 170/4 | €24,320 | €0 | -€24,320 | -100% |
| Amounts payable within one year | 42/48 | €530,252 | €548,906 | +€18,654 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €31,343 | €24,320 | -€7,023 | -22.4% |
| Trade debts | 44 | €415,940 | €474,972 | +€59,031 | +14.2% |
| Suppliers | 440/4 | €415,940 | €474,972 | +€59,031 | +14.2% |
| Taxes, remuneration and social security | 45 | €80,969 | €49,614 | -€31,354 | -38.7% |
| Taxes | 450/3 | €80,969 | €49,614 | -€31,354 | -38.7% |
| Other amounts payable | 47/48 | €2,000 | €0 | -€2,000 | -100% |
| Accrued charges and deferred income | 492/3 | €217,138 | €426,743 | +€209,605 | +96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,237 | €37,855 | +€36,617 | +2,959% |
| Other operating charges | 640/8 | €503 | €934 | +€431 | +85.7% |
| Gross operating margin | 9900 | €222,173 | €32,888 | -€189,285 | -85.2% |
| Operating profit (loss) | 9901 | €220,433 | -€5,901 | -€226,334 | |
| Financial income | 75/76B | €6 | €96 | +€91 | +1,618% |
| Recurring financial income | 75 | €6 | €96 | +€91 | +1,618% |
| Financial charges | 65/66B | €826 | €37,484 | +€36,658 | +4,440% |
| Recurring financial charges | 65 | €826 | €37,484 | +€36,658 | +4,440% |
| Profit (loss) for the period before taxes | 9903 | €219,613 | -€43,289 | -€262,901 | |
| Income taxes | 67/77 | €51,258 | €0 | -€51,258 | -100% |
| Profit (loss) for the period | 9904 | €168,354 | -€43,289 | -€211,643 | |
| Profit (loss) for the period to be appropriated | 9905 | €168,354 | -€43,289 | -€211,643 |
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 15 October 2026 via checked.be.