QLT: what changed
What changed
QLT
NACE 93.192, Activities of independent sportspeople
filed annual accounts (NBB)
Net result for the year
-€153,951
2024 · -€161,929+€7,978
Equity
-€409,605
2024 · -€255,655-€153,951
Cash
€13,125
2024 · €14,334-€1,209
Balance sheet total
€553,166
2024 · €632,710-€79,544
Largest movements
Assets
- Tangible fixed assets -€76,854
down €76,854 (-13.2%), from €583,794 to €506,940
of which Other tangible fixed assets: -€69,979
Equity and liabilities
- Profit (loss) carried forward -€153,951
down €153,951 (-14.3%), from -€1.1m to -€1.2m
- Other debts +€75,189
up €75,189 (+81.1%), from €92,708 to €167,897
Income statement
- Depreciation -€11,979
down €11,979 (-12.5%), from €95,936 to €83,957
- Gross operating margin -€10,054
down €10,054 (-30.4%), from -€33,096 to -€43,150
- Taxes -€9,832
down €9,832 (-97.7%), from €10,063 to €231
- Staff costs +€1,896
up €1,896 (+9.1%), from €20,840 to €22,736
- Other operating charges +€1,502
up €1,502 (+87.8%), from €1,710 to €3,212
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€161,929
Gross operating margin
-€10,054
Staff costs
-€1,896
Depreciation
+€11,979
Other operating charges
-€1,502
Financial income
-€351
Financial charges
-€30
Taxes
+€9,832
Result 2025
-€153,951
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5,964
Investment
-€7,173
Financing
€0
Cash 2024
€14,334
From operations (derived)
+€5,964
Net result for the year
-€153,951
Depreciation
+€83,957
Receivables within one year
+€1,363
Smaller working-capital items
+€432
Tax, wage and social debts
-€1,027
Other debts
+€75,189
Investment (derived)
-€7,173
Investment in fixed assets (net)
-€7,173
Cash 2025
€13,125
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €632,710 | €553,166 | -€79,544 | -12.6% |
| Fixed assets | 21/28 | €590,206 | €513,422 | -€76,784 | -13.0% |
| Tangible fixed assets | 22/27 | €583,794 | €506,940 | -€76,854 | -13.2% |
| Plant, machinery and equipment | 23 | €2,895 | €7,347 | +€4,452 | +154% |
| Furniture and vehicles | 24 | €36,356 | €25,029 | -€11,327 | -31.2% |
| Other tangible fixed assets | 26 | €544,542 | €474,564 | -€69,979 | -12.9% |
| Financial fixed assets | 28 | €6,413 | €6,482 | +€69 | +1.1% |
| Current assets | 29/58 | €42,503 | €39,744 | -€2,759 | -6.5% |
| Amounts receivable within one year | 40/41 | €4,964 | €3,602 | -€1,363 | -27.4% |
| Trade receivables | 40 | €728 | €602 | -€127 | -17.4% |
| Other amounts receivable | 41 | €4,236 | €3,000 | -€1,236 | -29.2% |
| Cash at bank and in hand | 54/58 | €14,334 | €13,125 | -€1,209 | -8.4% |
| Deferred charges and accrued income | 490/1 | €23,204 | €23,017 | -€187 | -0.8% |
| Total equity and liabilities | 10/49 | €632,710 | €553,166 | -€79,544 | -12.6% |
| Equity | 10/15 | -€255,655 | -€409,605 | -€153,951 | -60.2% |
| Contributions | 10/11 | €818,600 | €818,600 | = | 0.0% |
| Contributions outside capital | 11 | €818,600 | €818,600 | = | 0.0% |
| Other | 1109/19 | €818,600 | €818,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,074,255 | -€1,228,205 | -€153,951 | -14.3% |
| Amounts payable | 17/49 | €888,364 | €962,771 | +€74,407 | +8.4% |
| Amounts payable after more than one year | 17 | €770,110 | €770,110 | = | 0.0% |
| Financial debts | 170/4 | €770,000 | €770,000 | = | 0.0% |
| Other amounts payable | 178/9 | €110 | €110 | = | 0.0% |
| Amounts payable within one year | 42/48 | €118,254 | €192,661 | +€74,407 | +62.9% |
| Trade debts | 44 | €23,417 | €23,661 | +€245 | +1.0% |
| Suppliers | 440/4 | €23,417 | €23,661 | +€245 | +1.0% |
| Taxes, remuneration and social security | 45 | €2,129 | €1,102 | -€1,027 | -48.2% |
| Taxes | 450/3 | €786 | €424 | -€361 | -46.0% |
| Remuneration and social security | 454/9 | €1,344 | €678 | -€666 | -49.6% |
| Other amounts payable | 47/48 | €92,708 | €167,897 | +€75,189 | +81.1% |
| Remuneration, social security and pensions | 62 | €20,840 | €22,736 | +€1,896 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,936 | €83,957 | -€11,979 | -12.5% |
| Other operating charges | 640/8 | €1,710 | €3,212 | +€1,502 | +87.8% |
| Gross operating margin | 9900 | -€33,096 | -€43,150 | -€10,054 | -30.4% |
| Operating profit (loss) | 9901 | -€151,582 | -€153,055 | -€1,473 | -1.0% |
| Financial income | 75/76B | €452 | €101 | -€351 | -77.7% |
| Recurring financial income | 75 | €452 | €101 | -€351 | -77.7% |
| Financial charges | 65/66B | €735 | €765 | +€30 | +4.0% |
| Recurring financial charges | 65 | €735 | €765 | +€30 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€151,866 | -€153,720 | -€1,854 | -1.2% |
| Income taxes | 67/77 | €10,063 | €231 | -€9,832 | -97.7% |
| Profit (loss) for the period | 9904 | -€161,929 | -€153,951 | +€7,978 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€161,929 | -€153,951 | +€7,978 | +4.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.