QLE Group: 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.
QLE Group
Largest movements
- Tangible fixed assets -€3,305
no longer reported in 2025 (was €3,305)
- Cash -€2,218
down €2,218 (-38.3%), from €5,792 to €3,574
mainly Trade debts (-€2,120) and Net result for the year (-€2,071)
- Intangible fixed assets -€210
down €210 (-23.8%), from €882 to €672
- Receivables within one year +€180
up €180 (+42.3%), from €425 to €605
of which Trade receivables: +€605
- Profit (loss) carried forward -€2,214
no longer reported in 2025 (was €2,214)
- Trade debts -€2,120
down €2,120 (-99.9%), from €2,122 to €2
- Debts after one year -€2,000
no longer reported in 2025 (was €2,000)
- Other debts +€2,000
new in 2025: €2,000
- Tax, wage and social debts -€1,362
down €1,362 (-65.9%), from €2,068 to €706
- Gross operating margin -€5,379
down €5,379, from €3,686 to -€1,693
- Depreciation -€618
down €618 (-74.7%), from €828 to €210
- Taxes -€556
down €556, from €555 to -€1
- Other operating charges +€368
up €368 (+27882.6%), from €1 to €369
- Financial income +€281
up €281 (+61141.3%), from €0 to €282
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 | €10,404 | €4,851 | -€5,553 | -53.4% |
| Fixed assets | 21/28 | €4,187 | €672 | -€3,515 | -83.9% |
| Intangible fixed assets | 21 | €882 | €672 | -€210 | -23.8% |
| Tangible fixed assets | 22/27 | €3,305 | - | -€3,305 | |
| Furniture and vehicles | 24 | €3,305 | - | -€3,305 | |
| Current assets | 29/58 | €6,217 | €4,179 | -€2,038 | -32.8% |
| Amounts receivable within one year | 40/41 | €425 | €605 | +€180 | +42.3% |
| Trade receivables | 40 | - | €605 | +€605 | |
| Other amounts receivable | 41 | €425 | - | -€425 | |
| Cash at bank and in hand | 54/58 | €5,792 | €3,574 | -€2,218 | -38.3% |
| Total equity and liabilities | 10/49 | €10,404 | €4,851 | -€5,553 | -53.4% |
| Equity | 10/15 | €4,214 | €2,143 | -€2,071 | -49.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €143 | +€143 | |
| Distributable reserves | 133 | - | €143 | +€143 | |
| Profit (loss) carried forward | 14 | €2,214 | - | -€2,214 | |
| Amounts payable | 17/49 | €6,191 | €2,709 | -€3,482 | -56.2% |
| Amounts payable after more than one year | 17 | €2,000 | - | -€2,000 | |
| Financial debts | 170/4 | €2,000 | - | -€2,000 | |
| Amounts payable within one year | 42/48 | €4,190 | €2,709 | -€1,482 | -35.4% |
| Trade debts | 44 | €2,122 | €2 | -€2,120 | -99.9% |
| Suppliers | 440/4 | €2,122 | €2 | -€2,120 | -99.9% |
| Taxes, remuneration and social security | 45 | €2,068 | €706 | -€1,362 | -65.9% |
| Taxes | 450/3 | €2,068 | €706 | -€1,362 | -65.9% |
| Other amounts payable | 47/48 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €828 | €210 | -€618 | -74.7% |
| Other operating charges | 640/8 | €1 | €369 | +€368 | +27882.6% |
| Gross operating margin | 9900 | €3,686 | -€1,693 | -€5,379 | |
| Operating profit (loss) | 9901 | €2,856 | -€2,273 | -€5,129 | |
| Financial income | 75/76B | €0 | €282 | +€281 | +61141.3% |
| Recurring financial income | 75 | €0 | €282 | +€281 | +61141.3% |
| Financial charges | 65/66B | €88 | €81 | -€7 | -8.0% |
| Recurring financial charges | 65 | €64 | €81 | +€17 | +26.9% |
| Non-recurring financial charges | 66B | €24 | - | -€24 | |
| Profit (loss) for the period before taxes | 9903 | €2,769 | -€2,072 | -€4,841 | |
| Income taxes | 67/77 | €555 | -€1 | -€556 | |
| Profit (loss) for the period | 9904 | €2,214 | -€2,071 | -€4,284 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,214 | -€2,071 | -€4,284 |
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 7 October 2026 via checked.be.