QNL MANAGEMENT SOLUTIONS: 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.
QNL MANAGEMENT SOLUTIONS
Largest movements
- Cash +€18,931
up €18,931 (+36.2%), from €52,268 to €71,199
mainly Net result for the year (+€18,755) and Depreciation (+€11,299)
- Tangible fixed assets -€11,299
down €11,299 (-64.2%), from €17,588 to €6,289
- Receivables within one year +€1,384
up €1,384 (+3.9%), from €35,490 to €36,874
of which Other amounts receivable: +€10,984
- Reserves +€18,755
up €18,755 (+22.3%), from €84,110 to €102,865
- Debts after one year -€7,883
no longer reported in 2025 (was €7,883)
- Current portion of long-term debt -€2,223
down €2,223 (-22.0%), from €10,106 to €7,883
- Gross operating margin -€7,059
down €7,059 (-14.7%), from €48,134 to €41,075
- Financial income +€711
up €711 (+226%), from €315 to €1,026
of which Financial income: +€711
- Taxes -€615
down €615 (-5.7%), from €10,785 to €10,170
- Financial charges -€563
down €563 (-46.5%), from €1,211 to €648
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 | €107,839 | €117,071 | +€9,232 | +8.6% |
| Fixed assets | 21/28 | €17,588 | €6,289 | -€11,299 | -64.2% |
| Tangible fixed assets | 22/27 | €17,588 | €6,289 | -€11,299 | -64.2% |
| Furniture and vehicles | 24 | €17,588 | €6,289 | -€11,299 | -64.2% |
| Current assets | 29/58 | €90,250 | €110,781 | +€20,531 | +22.7% |
| Amounts receivable within one year | 40/41 | €35,490 | €36,874 | +€1,384 | +3.9% |
| Trade receivables | 40 | €23,716 | €14,117 | -€9,599 | -40.5% |
| Other amounts receivable | 41 | €11,774 | €22,758 | +€10,984 | +93.3% |
| Cash at bank and in hand | 54/58 | €52,268 | €71,199 | +€18,931 | +36.2% |
| Deferred charges and accrued income | 490/1 | €2,492 | €2,708 | +€216 | +8.7% |
| Total equity and liabilities | 10/49 | €107,839 | €117,071 | +€9,232 | +8.6% |
| Equity | 10/15 | €84,210 | €102,965 | +€18,755 | +22.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €84,110 | €102,865 | +€18,755 | +22.3% |
| Distributable reserves | 133 | €84,110 | €102,865 | +€18,755 | +22.3% |
| Amounts payable | 17/49 | €23,629 | €14,106 | -€9,523 | -40.3% |
| Amounts payable after more than one year | 17 | €7,883 | - | -€7,883 | |
| Financial debts | 170/4 | €7,883 | - | -€7,883 | |
| Amounts payable within one year | 42/48 | €15,746 | €14,106 | -€1,640 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €10,106 | €7,883 | -€2,223 | -22.0% |
| Trade debts | 44 | €375 | €900 | +€525 | +140% |
| Suppliers | 440/4 | €375 | €900 | +€525 | +140% |
| Taxes, remuneration and social security | 45 | €5,265 | €5,323 | +€58 | +1.1% |
| Taxes | 450/3 | €5,265 | €5,323 | +€58 | +1.1% |
| Remuneration, social security and pensions | 62 | €463 | €290 | -€173 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,227 | €11,299 | +€72 | +0.6% |
| Other operating charges | 640/8 | €916 | €939 | +€23 | +2.5% |
| Gross operating margin | 9900 | €48,134 | €41,075 | -€7,059 | -14.7% |
| Operating profit (loss) | 9901 | €35,529 | €28,547 | -€6,981 | -19.7% |
| Financial income | 75/76B | €315 | €1,026 | +€711 | +226% |
| Recurring financial income | 75 | €315 | €1,026 | +€711 | +226% |
| Non-recurring financial income | 76B | €315 | - | -€315 | |
| Financial charges | 65/66B | €1,211 | €648 | -€563 | -46.5% |
| Recurring financial charges | 65 | €1,211 | €648 | -€563 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €34,632 | €28,925 | -€5,707 | -16.5% |
| Income taxes | 67/77 | €10,785 | €10,170 | -€615 | -5.7% |
| Profit (loss) for the period | 9904 | €23,847 | €18,755 | -€5,092 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,847 | €18,755 | -€5,092 | -21.4% |
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 28 October 2026 via checked.be.