QLVF Management: 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.
QLVF Management
Largest movements
- Receivables within one year -€31,465
down €31,465 (-92.9%), from €33,877 to €2,412
of which Trade receivables: -€33,877
- Debts after one year -€51,973
down €51,973 (-26.1%), from €198,867 to €146,894
- Tax, wage and social debts -€36,544
down €36,544 (-60.1%), from €60,757 to €24,213
of which Taxes: -€36,544
- Other debts +€35,335
up €35,335 (+54.0%), from €65,455 to €100,790
- Profit (loss) carried forward +€16,273
up €16,273 (+21.8%), from €74,546 to €90,819
- Other operating charges -€1,716
down €1,716 (-66.1%), from €2,596 to €881
- Financial charges +€1,706
up €1,706 (+11.6%), from €14,760 to €16,465
- Gross operating margin +€983
up €983 (+2.6%), from €37,449 to €38,433
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.
Derived cash bridge
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 | €478,813 | €443,672 | -€35,141 | -7.3% |
| Fixed assets | 21/28 | €437,069 | €437,069 | = | 0.0% |
| Financial fixed assets | 28 | €437,069 | €437,069 | = | 0.0% |
| Current assets | 29/58 | €41,745 | €6,604 | -€35,141 | -84.2% |
| Stocks and contracts in progress | 3 | €3,179 | €3,179 | = | 0.0% |
| Stocks | 30/36 | €3,179 | €3,179 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,877 | €2,412 | -€31,465 | -92.9% |
| Trade receivables | 40 | €33,877 | €0 | -€33,877 | -100% |
| Other amounts receivable | 41 | €0 | €2,412 | +€2,412 | |
| Cash at bank and in hand | 54/58 | €3,008 | €0 | -€3,008 | -100% |
| Deferred charges and accrued income | 490/1 | €1,680 | €1,013 | -€668 | -39.7% |
| Total equity and liabilities | 10/49 | €478,813 | €443,672 | -€35,141 | -7.3% |
| Equity | 10/15 | €84,546 | €100,819 | +€16,273 | +19.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,546 | €90,819 | +€16,273 | +21.8% |
| Amounts payable | 17/49 | €394,268 | €342,853 | -€51,414 | -13.0% |
| Amounts payable after more than one year | 17 | €198,867 | €146,894 | -€51,973 | -26.1% |
| Financial debts | 170/4 | €198,867 | €146,894 | -€51,973 | -26.1% |
| Amounts payable within one year | 42/48 | €195,401 | €195,906 | +€506 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €50,206 | €51,973 | +€1,767 | +3.5% |
| Trade debts | 44 | €18,983 | €18,931 | -€52 | -0.3% |
| Suppliers | 440/4 | €18,983 | €18,931 | -€52 | -0.3% |
| Taxes, remuneration and social security | 45 | €60,757 | €24,213 | -€36,544 | -60.1% |
| Taxes | 450/3 | €60,757 | €24,213 | -€36,544 | -60.1% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €65,455 | €100,790 | +€35,335 | +54.0% |
| Accrued charges and deferred income | 492/3 | - | €53 | +€53 | |
| Other operating charges | 640/8 | €2,596 | €881 | -€1,716 | -66.1% |
| Gross operating margin | 9900 | €37,449 | €38,433 | +€983 | +2.6% |
| Operating profit (loss) | 9901 | €34,853 | €37,552 | +€2,699 | +7.7% |
| Financial income | 75/76B | €141 | €4 | -€136 | -97.0% |
| Recurring financial income | 75 | €141 | €4 | -€136 | -97.0% |
| Financial charges | 65/66B | €14,760 | €16,465 | +€1,706 | +11.6% |
| Recurring financial charges | 65 | €14,760 | €16,465 | +€1,706 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €20,234 | €21,091 | +€857 | +4.2% |
| Income taxes | 67/77 | €4,518 | €4,818 | +€300 | +6.6% |
| Profit (loss) for the period | 9904 | €15,716 | €16,273 | +€557 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,716 | €16,273 | +€557 | +3.5% |
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 27 October 2026 via checked.be.