QUILOVE: 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.
QUILOVE
Largest movements
- Receivables within one year -€71,702
down €71,702 (-27.9%), from €257,061 to €185,359
of which Trade receivables: -€56,497
- Cash +€18,918
up €18,918 (+187%), from €10,103 to €29,020
mainly Receivables within one year (+€71,702) and Depreciation (+€10,279)
- Tangible fixed assets -€16,469
down €16,469 (-6.0%), from €276,332 to €259,863
of which Land and buildings: -€9,748
- Other debts -€22,829
down €22,829 (-10.7%), from €212,676 to €189,846
- Debts after one year -€22,500
down €22,500 (-15.4%), from €145,750 to €123,250
- Profit (loss) carried forward -€12,342
down €12,342 (-20.9%), from €58,977 to €46,635
- Tax, wage and social debts -€9,036
down €9,036 (-26.9%), from €33,646 to €24,610
- Gross operating margin -€75,996
down €75,996 (-88.6%), from €85,749 to €9,754
- Taxes -€18,623
down €18,623 (-100%), from €18,623 to €0
- Financial charges -€1,948
down €1,948 (-18.7%), from €10,401 to €8,453
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 | €767,646 | €698,491 | -€69,155 | -9.0% |
| Fixed assets | 21/28 | €276,332 | €259,863 | -€16,469 | -6.0% |
| Tangible fixed assets | 22/27 | €276,332 | €259,863 | -€16,469 | -6.0% |
| Land and buildings | 22 | €235,047 | €225,299 | -€9,748 | -4.1% |
| Plant, machinery and equipment | 23 | €777 | €459 | -€317 | -40.9% |
| Furniture and vehicles | 24 | €9,235 | €7,504 | -€1,731 | -18.7% |
| Other tangible fixed assets | 26 | €31,273 | €26,600 | -€4,673 | -14.9% |
| Current assets | 29/58 | €491,315 | €438,628 | -€52,686 | -10.7% |
| Stocks and contracts in progress | 3 | €220,413 | €220,413 | = | 0.0% |
| Stocks | 30/36 | €220,413 | €220,413 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €257,061 | €185,359 | -€71,702 | -27.9% |
| Trade receivables | 40 | €66,430 | €9,934 | -€56,497 | -85.0% |
| Other amounts receivable | 41 | €190,631 | €175,426 | -€15,205 | -8.0% |
| Cash at bank and in hand | 54/58 | €10,103 | €29,020 | +€18,918 | +187% |
| Deferred charges and accrued income | 490/1 | €3,738 | €3,836 | +€98 | +2.6% |
| Total equity and liabilities | 10/49 | €767,646 | €698,491 | -€69,155 | -9.0% |
| Equity | 10/15 | €143,266 | €130,730 | -€12,536 | -8.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €77,289 | €77,095 | -€194 | -0.3% |
| Tax-exempt reserves | 132 | €308 | €308 | = | 0.0% |
| Distributable reserves | 133 | €76,981 | €76,787 | -€194 | -0.3% |
| Profit (loss) carried forward | 14 | €58,977 | €46,635 | -€12,342 | -20.9% |
| Amounts payable | 17/49 | €624,380 | €567,761 | -€56,619 | -9.1% |
| Amounts payable after more than one year | 17 | €145,750 | €123,250 | -€22,500 | -15.4% |
| Financial debts | 170/4 | €145,750 | €123,250 | -€22,500 | -15.4% |
| Amounts payable within one year | 42/48 | €477,486 | €443,640 | -€33,846 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €22,500 | €22,500 | = | 0.0% |
| Financial debts | 43 | €1,763 | €1,816 | +€53 | +3.0% |
| Credit institutions | 430/8 | €1,763 | €1,816 | +€53 | +3.0% |
| Trade debts | 44 | €195,716 | €192,742 | -€2,974 | -1.5% |
| Suppliers | 440/4 | €195,716 | €192,742 | -€2,974 | -1.5% |
| Advances received on contracts in progress | 46 | €11,185 | €12,125 | +€940 | +8.4% |
| Taxes, remuneration and social security | 45 | €33,646 | €24,610 | -€9,036 | -26.9% |
| Taxes | 450/3 | €33,646 | €24,610 | -€9,036 | -26.9% |
| Other amounts payable | 47/48 | €212,676 | €189,846 | -€22,829 | -10.7% |
| Accrued charges and deferred income | 492/3 | €1,145 | €872 | -€273 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,279 | €10,279 | = | 0.0% |
| Other operating charges | 640/8 | €2,599 | €1,975 | -€624 | -24.0% |
| Gross operating margin | 9900 | €85,749 | €9,754 | -€75,996 | -88.6% |
| Operating profit (loss) | 9901 | €72,872 | -€2,500 | -€75,372 | |
| Financial income | 75/76B | - | €83 | +€83 | |
| Recurring financial income | 75 | - | €83 | +€83 | |
| Financial charges | 65/66B | €10,401 | €8,453 | -€1,948 | -18.7% |
| Recurring financial charges | 65 | €10,401 | €8,453 | -€1,948 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €62,471 | -€10,870 | -€73,341 | |
| Income taxes | 67/77 | €18,623 | €0 | -€18,623 | -100% |
| Profit (loss) for the period | 9904 | €43,848 | -€10,870 | -€54,718 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,848 | -€10,870 | -€54,718 |
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 19 October 2026 via checked.be.