QLOU: what changed
Two financial 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.
QLOU
Largest movements
- Tangible fixed assets -€13,145
down €13,145 (-7.3%), from €179,057 to €165,912
of which Land and buildings: -€6,871
- Cash -€10,748
down €10,748 (-40.8%), from €26,321 to €15,574
mainly Debts after one year (-€10,516) and Net result for the year (-€7,099)
- Receivables within one year -€4,662
down €4,662 (-50.1%), from €9,301 to €4,639
of which Trade receivables: -€4,387
- Debts after one year -€10,516
down €10,516 (-9.7%), from €108,230 to €97,713
- Profit (loss) carried forward -€7,099
down €7,099 (-20.0%), from -€35,448 to -€42,547
- Other debts -€5,083
down €5,083 (-12.0%), from €42,334 to €37,250
- Gross operating margin +€29,887
up €29,887, from -€18,556 to €11,332
- Other operating charges +€1,889
up €1,889 (+662.2%), from €285 to €2,174
- Financial charges -€236
down €236 (-7.4%), from €3,187 to €2,951
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 | €443,255 | €415,254 | -€28,001 | -6.3% |
| Fixed assets | 21/28 | €370,591 | €357,446 | -€13,145 | -3.5% |
| Tangible fixed assets | 22/27 | €179,057 | €165,912 | -€13,145 | -7.3% |
| Land and buildings | 22 | €164,909 | €158,038 | -€6,871 | -4.2% |
| Furniture and vehicles | 24 | €14,148 | €7,874 | -€6,274 | -44.3% |
| Financial fixed assets | 28 | €191,534 | €191,534 | = | 0.0% |
| Current assets | 29/58 | €72,664 | €57,809 | -€14,856 | -20.4% |
| Amounts receivable after more than one year | 29 | €36,965 | €36,965 | = | 0.0% |
| Other amounts receivable | 291 | €36,965 | €36,965 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,301 | €4,639 | -€4,662 | -50.1% |
| Trade receivables | 40 | €9,019 | €4,632 | -€4,387 | -48.6% |
| Other amounts receivable | 41 | €282 | €7 | -€275 | -97.4% |
| Cash at bank and in hand | 54/58 | €26,321 | €15,574 | -€10,748 | -40.8% |
| Deferred charges and accrued income | 490/1 | €77 | €631 | +€554 | +716.7% |
| Total equity and liabilities | 10/49 | €443,255 | €415,254 | -€28,001 | -6.3% |
| Equity | 10/15 | €271,987 | €264,888 | -€7,099 | -2.6% |
| Contributions | 10/11 | €12,937 | €12,937 | = | 0.0% |
| Revaluation surpluses | 12 | €66,891 | €66,891 | = | 0.0% |
| Reserves | 13 | €227,608 | €227,608 | = | 0.0% |
| Distributable reserves | 133 | €227,608 | €227,608 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,448 | -€42,547 | -€7,099 | -20.0% |
| Amounts payable | 17/49 | €171,268 | €150,366 | -€20,901 | -12.2% |
| Amounts payable after more than one year | 17 | €108,230 | €97,713 | -€10,516 | -9.7% |
| Financial debts | 170/4 | €108,230 | €97,713 | -€10,516 | -9.7% |
| Amounts payable within one year | 42/48 | €63,038 | €52,253 | -€10,785 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €10,277 | €10,516 | +€240 | +2.3% |
| Trade debts | 44 | €5,726 | €3,923 | -€1,802 | -31.5% |
| Suppliers | 440/4 | €5,726 | €3,923 | -€1,802 | -31.5% |
| Advances received on contracts in progress | 46 | €4,207 | €0 | -€4,207 | -100.0% |
| Taxes, remuneration and social security | 45 | €495 | €563 | +€68 | +13.7% |
| Taxes | 450/3 | €495 | €563 | +€68 | +13.7% |
| Other amounts payable | 47/48 | €42,334 | €37,250 | -€5,083 | -12.0% |
| Accrued charges and deferred income | 492/3 | €0 | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,145 | €13,145 | = | 0.0% |
| Other operating charges | 640/8 | €285 | €2,174 | +€1,889 | +662.2% |
| Gross operating margin | 9900 | -€18,556 | €11,332 | +€29,887 | |
| Operating profit (loss) | 9901 | -€31,986 | -€3,987 | +€27,999 | +87.5% |
| Financial income | 75/76B | €325 | €192 | -€133 | -41.0% |
| Recurring financial income | 75 | €325 | €192 | -€133 | -41.0% |
| Financial charges | 65/66B | €3,187 | €2,951 | -€236 | -7.4% |
| Recurring financial charges | 65 | €3,187 | €2,951 | -€236 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€34,849 | -€6,747 | +€28,102 | +80.6% |
| Income taxes | 67/77 | €367 | €353 | -€15 | -4.0% |
| Profit (loss) for the period | 9904 | -€35,216 | -€7,099 | +€28,117 | +79.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,216 | -€7,099 | +€28,117 | +79.8% |
Source: filed annual accounts (NBB), financial 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.