QLIC: 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.
QLIC
Largest movements
- Cash -€43,941
down €43,941 (-73.8%), from €59,561 to €15,621
mainly Other debts (-€20,924) and Debts after one year (-€17,652)
- Receivables within one year +€15,163
up €15,163 (+43.5%), from €34,854 to €50,017
of which Trade receivables: +€18,345
- Tangible fixed assets +€3,258
up €3,258 (+4.2%), from €77,300 to €80,558
of which Plant, machinery and equipment: +€10,595
- Other debts -€20,924
down €20,924 (-36.3%), from €57,598 to €36,674
- Debts after one year -€17,652
down €17,652 (-26.7%), from €66,210 to €48,558
- Trade debts -€10,936
down €10,936 (-86.8%), from €12,598 to €1,662
- Profit (loss) carried forward +€10,402
up €10,402, from -€6,236 to €4,166
- Reserves +€10,000
up €10,000 (+140.5%), from €7,117 to €17,117
of which Distributable reserves: +€10,000
- Gross operating margin +€23,664
up €23,664 (+112.7%), from €21,005 to €44,669
- Taxes +€8,597
up €8,597 (+298.2%), from €2,883 to €11,480
- Depreciation +€1,895
up €1,895 (+26.2%), from €7,243 to €9,138
- Other operating charges -€1,183
down €1,183 (-53.8%), from €2,198 to €1,015
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 | €172,216 | €146,195 | -€26,020 | -15.1% |
| Fixed assets | 21/28 | €77,300 | €80,558 | +€3,258 | +4.2% |
| Tangible fixed assets | 22/27 | €77,300 | €80,558 | +€3,258 | +4.2% |
| Land and buildings | 22 | €64,765 | €61,457 | -€3,308 | -5.1% |
| Plant, machinery and equipment | 23 | - | €10,595 | +€10,595 | |
| Furniture and vehicles | 24 | €12,535 | €8,506 | -€4,029 | -32.1% |
| Current assets | 29/58 | €94,916 | €65,638 | -€29,278 | -30.8% |
| Amounts receivable within one year | 40/41 | €34,854 | €50,017 | +€15,163 | +43.5% |
| Trade receivables | 40 | €31,206 | €49,552 | +€18,345 | +58.8% |
| Other amounts receivable | 41 | €3,647 | €465 | -€3,182 | -87.2% |
| Cash at bank and in hand | 54/58 | €59,561 | €15,621 | -€43,941 | -73.8% |
| Deferred charges and accrued income | 490/1 | €501 | - | -€501 | |
| Total equity and liabilities | 10/49 | €172,216 | €146,195 | -€26,020 | -15.1% |
| Equity | 10/15 | €7,087 | €27,489 | +€20,402 | +287.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €7,117 | €17,117 | +€10,000 | +140.5% |
| Non-distributable reserves | 130/1 | €1,717 | €1,717 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,717 | €1,717 | = | 0.0% |
| Distributable reserves | 133 | €5,400 | €15,400 | +€10,000 | +185.2% |
| Profit (loss) carried forward | 14 | -€6,236 | €4,166 | +€10,402 | |
| Amounts payable | 17/49 | €165,129 | €118,707 | -€46,422 | -28.1% |
| Amounts payable after more than one year | 17 | €66,210 | €48,558 | -€17,652 | -26.7% |
| Financial debts | 170/4 | €66,210 | €48,558 | -€17,652 | -26.7% |
| Amounts payable within one year | 42/48 | €98,325 | €69,556 | -€28,770 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €16,115 | €16,161 | +€46 | +0.3% |
| Trade debts | 44 | €12,598 | €1,662 | -€10,936 | -86.8% |
| Suppliers | 440/4 | €12,598 | €1,662 | -€10,936 | -86.8% |
| Taxes, remuneration and social security | 45 | €12,014 | €15,059 | +€3,045 | +25.3% |
| Taxes | 450/3 | €12,014 | €15,059 | +€3,045 | +25.3% |
| Other amounts payable | 47/48 | €57,598 | €36,674 | -€20,924 | -36.3% |
| Accrued charges and deferred income | 492/3 | €593 | €593 | -€0 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,243 | €9,138 | +€1,895 | +26.2% |
| Other operating charges | 640/8 | €2,198 | €1,015 | -€1,183 | -53.8% |
| Gross operating margin | 9900 | €21,005 | €44,669 | +€23,664 | +112.7% |
| Operating profit (loss) | 9901 | €11,564 | €34,515 | +€22,952 | +198.5% |
| Financial charges | 65/66B | €3,077 | €2,633 | -€444 | -14.4% |
| Recurring financial charges | 65 | €3,077 | €2,633 | -€444 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €8,486 | €31,882 | +€23,396 | +275.7% |
| Income taxes | 67/77 | €2,883 | €11,480 | +€8,597 | +298.2% |
| Profit (loss) for the period | 9904 | €5,603 | €20,402 | +€14,799 | +264.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,603 | €20,402 | +€14,799 | +264.1% |
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 29 September 2026 via checked.be.