QL IMMO: 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.
QL IMMO
Largest movements
- Receivables within one year +€735,233
new in 2024: €735,233
of which Trade receivables: +€735,232
- Tangible fixed assets -€79,384
down €79,384 (-34.9%), from €227,353 to €147,970
- Cash -€8,914
down €8,914 (-100.0%), from €8,914 to €0
mainly Receivables within one year (-€735,233) and Other debts (-€264,858)
- Short-term financial debts +€535,586
new in 2024: €535,586
of which Other loans: +€531,866
- Other debts -€264,858
down €264,858 (-100.0%), from €264,858 to €0
- Current portion of long-term debt +€150,000
new in 2024: €150,000
- Profit (loss) carried forward +€111,227
up €111,227, from -€45,594 to €65,633
- Trade debts +€98,142
up €98,142 (+1195.8%), from €8,207 to €106,349
- Gross operating margin +€187,101
up €187,101, from -€2,310 to €184,791
- Financial charges +€32,297
up €32,297 (+498.4%), from €6,480 to €38,778
of which Financial charges: +€19,766
- Taxes +€16,408
new in 2024: €16,408
- Depreciation +€5,378
up €5,378 (+57.2%), from €9,404 to €14,782
- Other operating charges +€2,887
up €2,887 (+365.3%), from €790 to €3,678
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 | €237,471 | €883,977 | +€646,506 | +272.2% |
| Formation expenses | 20 | €995 | €775 | -€220 | -22.1% |
| Fixed assets | 21/28 | €227,353 | €147,970 | -€79,384 | -34.9% |
| Tangible fixed assets | 22/27 | €227,353 | €147,970 | -€79,384 | -34.9% |
| Land and buildings | 22 | €227,353 | €147,970 | -€79,384 | -34.9% |
| Current assets | 29/58 | €9,123 | €735,233 | +€726,109 | +7959.0% |
| Amounts receivable within one year | 40/41 | - | €735,233 | +€735,233 | |
| Trade receivables | 40 | - | €735,232 | +€735,232 | |
| Other amounts receivable | 41 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €8,914 | €0 | -€8,914 | -100.0% |
| Deferred charges and accrued income | 490/1 | €209 | €0 | -€209 | -100.0% |
| Total equity and liabilities | 10/49 | €237,471 | €883,977 | +€646,506 | +272.2% |
| Equity | 10/15 | -€35,594 | €75,633 | +€111,227 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,594 | €65,633 | +€111,227 | |
| Amounts payable | 17/49 | €273,065 | €808,343 | +€535,278 | +196.0% |
| Amounts payable within one year | 42/48 | €273,065 | €808,343 | +€535,278 | +196.0% |
| Current portion of amounts payable after more than one year | 42 | - | €150,000 | +€150,000 | |
| Financial debts | 43 | - | €535,586 | +€535,586 | |
| Credit institutions | 430/8 | - | €3,720 | +€3,720 | |
| Other loans | 439 | - | €531,866 | +€531,866 | |
| Trade debts | 44 | €8,207 | €106,349 | +€98,142 | +1195.8% |
| Suppliers | 440/4 | €8,207 | €106,349 | +€98,142 | +1195.8% |
| Taxes, remuneration and social security | 45 | - | €16,408 | +€16,408 | |
| Taxes | 450/3 | - | €16,408 | +€16,408 | |
| Other amounts payable | 47/48 | €264,858 | €0 | -€264,858 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,404 | €14,782 | +€5,378 | +57.2% |
| Other operating charges | 640/8 | €790 | €3,678 | +€2,887 | +365.3% |
| Non-recurring operating charges | 66A | €26,609 | €0 | -€26,609 | -100.0% |
| Gross operating margin | 9900 | -€2,310 | €184,791 | +€187,101 | |
| Operating profit (loss) | 9901 | -€39,114 | €166,331 | +€205,445 | |
| Financial income | 75/76B | - | €82 | +€82 | |
| Recurring financial income | 75 | - | €82 | +€82 | |
| Financial charges | 65/66B | €6,480 | €38,778 | +€32,297 | +498.4% |
| Recurring financial charges | 65 | €6,480 | €26,246 | +€19,766 | +305.0% |
| Non-recurring financial charges | 66B | - | €12,532 | +€12,532 | |
| Profit (loss) for the period before taxes | 9903 | -€45,594 | €127,636 | +€173,229 | |
| Income taxes | 67/77 | - | €16,408 | +€16,408 | |
| Profit (loss) for the period | 9904 | -€45,594 | €111,227 | +€156,821 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,594 | €111,227 | +€156,821 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.