QLead: 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.
QLead
Largest movements
- Receivables after one year +€80,000
new in 2025: €80,000
- Current investments +€52,500
new in 2025: €52,500
- Cash +€11,447
up €11,447 (+10.5%), from €109,295 to €120,742
mainly Net result for the year (+€112,590) and Tax, wage and social debts (+€33,535)
- Receivables within one year +€5,377
up €5,377 (+29.2%), from €18,400 to €23,777
- Reserves +€112,590
up €112,590 (+121.8%), from €92,433 to €205,023
- Tax, wage and social debts +€33,535
up €33,535 (+97.5%), from €34,385 to €67,920
- Gross operating margin +€28,299
up €28,299 (+23.6%), from €119,902 to €148,201
- Taxes +€7,046
up €7,046 (+28.2%), from €24,991 to €32,037
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 | €135,241 | €283,339 | +€148,098 | +109.5% |
| Fixed assets | 21/28 | €6,667 | €5,286 | -€1,381 | -20.7% |
| Tangible fixed assets | 22/27 | €6,667 | €5,286 | -€1,381 | -20.7% |
| Furniture and vehicles | 24 | €6,667 | €5,286 | -€1,381 | -20.7% |
| Current assets | 29/58 | €128,574 | €278,053 | +€149,479 | +116.3% |
| Amounts receivable after more than one year | 29 | - | €80,000 | +€80,000 | |
| Other amounts receivable | 291 | - | €80,000 | +€80,000 | |
| Amounts receivable within one year | 40/41 | €18,400 | €23,777 | +€5,377 | +29.2% |
| Trade receivables | 40 | €18,400 | €23,777 | +€5,377 | +29.2% |
| Current investments | 50/53 | - | €52,500 | +€52,500 | |
| Cash at bank and in hand | 54/58 | €109,295 | €120,742 | +€11,447 | +10.5% |
| Deferred charges and accrued income | 490/1 | €879 | €1,034 | +€155 | +17.6% |
| Total equity and liabilities | 10/49 | €135,241 | €283,339 | +€148,098 | +109.5% |
| Equity | 10/15 | €97,433 | €210,023 | +€112,590 | +115.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €92,433 | €205,023 | +€112,590 | +121.8% |
| Distributable reserves | 133 | €92,433 | €205,023 | +€112,590 | +121.8% |
| Amounts payable | 17/49 | €37,808 | €73,316 | +€35,508 | +93.9% |
| Amounts payable within one year | 42/48 | €37,808 | €73,316 | +€35,508 | +93.9% |
| Trade debts | 44 | €240 | €1,973 | +€1,733 | +722.0% |
| Suppliers | 440/4 | €240 | €1,973 | +€1,733 | +722.0% |
| Taxes, remuneration and social security | 45 | €34,385 | €67,920 | +€33,535 | +97.5% |
| Taxes | 450/3 | €34,385 | €67,920 | +€33,535 | +97.5% |
| Other amounts payable | 47/48 | €3,183 | €3,422 | +€240 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238 | €1,381 | +€1,143 | +481.0% |
| Other operating charges | 640/8 | - | €183 | +€183 | |
| Gross operating margin | 9900 | €119,902 | €148,201 | +€28,299 | +23.6% |
| Operating profit (loss) | 9901 | €119,665 | €146,637 | +€26,972 | +22.5% |
| Financial income | 75/76B | €29 | €494 | +€465 | +1616.5% |
| Recurring financial income | 75 | €29 | €494 | +€465 | +1616.5% |
| Financial charges | 65/66B | €2,269 | €2,504 | +€236 | +10.4% |
| Recurring financial charges | 65 | €2,269 | €2,504 | +€236 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €117,425 | €144,627 | +€27,202 | +23.2% |
| Income taxes | 67/77 | €24,991 | €32,037 | +€7,046 | +28.2% |
| Profit (loss) for the period | 9904 | €92,433 | €112,590 | +€20,156 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €92,433 | €112,590 | +€20,156 | +21.8% |
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 9 October 2026 via checked.be.