QL QUARTIER LIBRE: 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 QUARTIER LIBRE
Largest movements
- Tangible fixed assets +€90,451
up €90,451 (+518.1%), from €17,459 to €107,910
of which Furniture and vehicles: +€83,790
- Receivables within one year +€36,145
up €36,145 (+225.6%), from €16,020 to €52,166
of which Trade receivables: +€35,019
- Cash +€29,240
up €29,240 (+27.5%), from €106,235 to €135,476
- Intangible fixed assets -€13,071
down €13,071 (-87.5%), from €14,938 to €1,867
- Stocks and contracts +€8,157
up €8,157 (+13.5%), from €60,229 to €68,386
- Trade debts +€157,012
up €157,012 (+231.3%), from €67,893 to €224,905
- Investment grants -€9,867
down €9,867 (-33.0%), from €29,867 to €20,000
- Contributions +€8,600
up €8,600 (+14.2%), from €60,465 to €69,065
- Current portion of long-term debt -€8,051
down €8,051 (-77.4%), from €10,401 to €2,350
- Tax, wage and social debts +€7,712
up €7,712 (+120.6%), from €6,396 to €14,109
of which Taxes: +€6,881
- Staff costs +€38,278
up €38,278 (+69.1%), from €55,395 to €93,673
- Financial income -€24,806
down €24,806 (-83.1%), from €29,867 to €5,060
- Depreciation +€24,736
up €24,736 (+226.5%), from €10,923 to €35,659
- Gross operating margin +€4,764
up €4,764 (+4.3%), from €110,880 to €115,644
- Taxes +€3,300
new in 2025: €3,300
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,835 | €367,382 | +€150,547 | +69.4% |
| Fixed assets | 21/28 | €32,690 | €110,069 | +€77,379 | +236.7% |
| Intangible fixed assets | 21 | €14,938 | €1,867 | -€13,071 | -87.5% |
| Tangible fixed assets | 22/27 | €17,459 | €107,910 | +€90,451 | +518.1% |
| Furniture and vehicles | 24 | €17,459 | €101,250 | +€83,790 | +479.9% |
| Other tangible fixed assets | 26 | - | €6,660 | +€6,660 | |
| Financial fixed assets | 28 | €292 | €292 | = | 0.0% |
| Current assets | 29/58 | €184,145 | €257,313 | +€73,168 | +39.7% |
| Stocks and contracts in progress | 3 | €60,229 | €68,386 | +€8,157 | +13.5% |
| Stocks | 30/36 | €60,229 | €68,386 | +€8,157 | +13.5% |
| Amounts receivable within one year | 40/41 | €16,020 | €52,166 | +€36,145 | +225.6% |
| Trade receivables | 40 | €13,966 | €48,985 | +€35,019 | +250.7% |
| Other amounts receivable | 41 | €2,055 | €3,181 | +€1,126 | +54.8% |
| Cash at bank and in hand | 54/58 | €106,235 | €135,476 | +€29,240 | +27.5% |
| Deferred charges and accrued income | 490/1 | €1,660 | €1,285 | -€375 | -22.6% |
| Total equity and liabilities | 10/49 | €216,835 | €367,382 | +€150,547 | +69.4% |
| Equity | 10/15 | €125,850 | €126,018 | +€167 | +0.1% |
| Contributions | 10/11 | €60,465 | €69,065 | +€8,600 | +14.2% |
| Profit (loss) carried forward | 14 | €35,519 | €36,953 | +€1,434 | +4.0% |
| Investment grants | 15 | €29,867 | €20,000 | -€9,867 | -33.0% |
| Amounts payable | 17/49 | €90,985 | €241,364 | +€150,380 | +165.3% |
| Amounts payable after more than one year | 17 | €6,294 | - | -€6,294 | |
| Financial debts | 170/4 | €6,294 | - | -€6,294 | |
| Amounts payable within one year | 42/48 | €84,690 | €241,364 | +€156,674 | +185.0% |
| Current portion of amounts payable after more than one year | 42 | €10,401 | €2,350 | -€8,051 | -77.4% |
| Trade debts | 44 | €67,893 | €224,905 | +€157,012 | +231.3% |
| Suppliers | 440/4 | €67,893 | €224,905 | +€157,012 | +231.3% |
| Taxes, remuneration and social security | 45 | €6,396 | €14,109 | +€7,712 | +120.6% |
| Taxes | 450/3 | €6,396 | €13,277 | +€6,881 | +107.6% |
| Remuneration and social security | 454/9 | - | €832 | +€832 | |
| Remuneration, social security and pensions | 62 | €55,395 | €93,673 | +€38,278 | +69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,923 | €35,659 | +€24,736 | +226.5% |
| Other operating charges | 640/8 | €139 | €128 | -€11 | -8.1% |
| Gross operating margin | 9900 | €110,880 | €115,644 | +€4,764 | +4.3% |
| Operating profit (loss) | 9901 | €44,423 | -€13,816 | -€58,238 | |
| Financial income | 75/76B | €29,867 | €5,060 | -€24,806 | -83.1% |
| Recurring financial income | 75 | €29,867 | €5,060 | -€24,806 | -83.1% |
| Financial charges | 65/66B | €2,245 | €2,801 | +€556 | +24.8% |
| Recurring financial charges | 65 | €2,245 | €2,801 | +€556 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €72,045 | -€11,556 | -€83,601 | |
| Income taxes | 67/77 | - | €3,300 | +€3,300 | |
| Profit (loss) for the period | 9904 | €72,045 | -€14,856 | -€86,901 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,045 | -€14,856 | -€86,901 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.