QUILAUDEM: 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.
QUILAUDEM
Largest movements
- Current investments +€69,990
up €69,990 (+42.4%), from €165,000 to €234,990
- Receivables within one year -€19,849
down €19,849 (-34.3%), from €57,886 to €38,037
of which Trade receivables: -€20,592
- Tangible fixed assets -€10,554
down €10,554 (-39.9%), from €26,458 to €15,904
of which Furniture and vehicles: -€15,622
- Reserves +€54,997
up €54,997 (+137.5%), from €40,000 to €94,997
- Other debts +€25,000
up €25,000 (+33.3%), from €75,000 to €100,000
- Debts after one year -€16,000
down €16,000 (-39.0%), from €41,000 to €25,000
- Tax, wage and social debts -€12,277
down €12,277 (-16.5%), from €74,243 to €61,966
- Trade debts -€11,813
down €11,813 (-45.5%), from €25,953 to €14,139
- Gross operating margin -€55,467
down €55,467 (-22.6%), from €245,829 to €190,362
- Taxes -€12,734
down €12,734 (-36.3%), from €35,128 to €22,394
- Financial income +€7,213
up €7,213 (+1637.5%), from €440 to €7,653
- Depreciation -€7,192
down €7,192 (-29.8%), from €24,132 to €16,941
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 | €312,918 | €352,825 | +€39,907 | +12.8% |
| Fixed assets | 21/28 | €26,458 | €16,905 | -€9,553 | -36.1% |
| Tangible fixed assets | 22/27 | €26,458 | €15,904 | -€10,554 | -39.9% |
| Plant, machinery and equipment | 23 | - | €5,068 | +€5,068 | |
| Furniture and vehicles | 24 | €26,458 | €10,836 | -€15,622 | -59.0% |
| Financial fixed assets | 28 | - | €1,001 | +€1,001 | |
| Current assets | 29/58 | €286,460 | €335,920 | +€49,460 | +17.3% |
| Amounts receivable within one year | 40/41 | €57,886 | €38,037 | -€19,849 | -34.3% |
| Trade receivables | 40 | €55,379 | €34,788 | -€20,592 | -37.2% |
| Other amounts receivable | 41 | €2,507 | €3,250 | +€742 | +29.6% |
| Current investments | 50/53 | €165,000 | €234,990 | +€69,990 | +42.4% |
| Cash at bank and in hand | 54/58 | €60,334 | €58,819 | -€1,515 | -2.5% |
| Deferred charges and accrued income | 490/1 | €3,240 | €4,074 | +€834 | +25.7% |
| Total equity and liabilities | 10/49 | €312,918 | €352,825 | +€39,907 | +12.8% |
| Equity | 10/15 | €96,722 | €151,720 | +€54,997 | +56.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €94,997 | +€54,997 | +137.5% |
| Distributable reserves | 133 | €40,000 | €94,997 | +€54,997 | +137.5% |
| Profit (loss) carried forward | 14 | €41,722 | €41,722 | = | 0.0% |
| Amounts payable | 17/49 | €216,196 | €201,105 | -€15,091 | -7.0% |
| Amounts payable after more than one year | 17 | €41,000 | €25,000 | -€16,000 | -39.0% |
| Financial debts | 170/4 | €41,000 | €25,000 | -€16,000 | -39.0% |
| Amounts payable within one year | 42/48 | €175,196 | €176,105 | +€909 | +0.5% |
| Trade debts | 44 | €25,953 | €14,139 | -€11,813 | -45.5% |
| Suppliers | 440/4 | €25,953 | €14,139 | -€11,813 | -45.5% |
| Taxes, remuneration and social security | 45 | €74,243 | €61,966 | -€12,277 | -16.5% |
| Taxes | 450/3 | €74,243 | €61,966 | -€12,277 | -16.5% |
| Other amounts payable | 47/48 | €75,000 | €100,000 | +€25,000 | +33.3% |
| Remuneration, social security and pensions | 62 | €162 | - | -€162 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,132 | €16,941 | -€7,192 | -29.8% |
| Other operating charges | 640/8 | €2,156 | €1,411 | -€745 | -34.6% |
| Gross operating margin | 9900 | €245,829 | €190,362 | -€55,467 | -22.6% |
| Operating profit (loss) | 9901 | €219,379 | €172,010 | -€47,369 | -21.6% |
| Financial income | 75/76B | €440 | €7,653 | +€7,213 | +1637.5% |
| Recurring financial income | 75 | €440 | €7,653 | +€7,213 | +1637.5% |
| Financial charges | 65/66B | €2,969 | €2,272 | -€697 | -23.5% |
| Recurring financial charges | 65 | €2,969 | €2,272 | -€697 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €216,851 | €177,392 | -€39,459 | -18.2% |
| Income taxes | 67/77 | €35,128 | €22,394 | -€12,734 | -36.3% |
| Profit (loss) for the period | 9904 | €181,722 | €154,997 | -€26,725 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €181,722 | €154,997 | -€26,725 | -14.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.