Quluan: 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.
Quluan
Largest movements
- Cash -€26,422
down €26,422 (-16.7%), from €158,315 to €131,893
mainly Contributions, distributions and other (-€80,000) and Other debts (-€71,559)
- Tangible fixed assets -€12,210
down €12,210 (-27.4%), from €44,527 to €32,317
of which Furniture and vehicles: -€9,747
- Other debts -€71,559
down €71,559 (-55.9%), from €128,049 to €56,490
- Reserves +€40,680
up €40,680 (+116.6%), from €34,899 to €75,579
- Tax, wage and social debts -€6,275
down €6,275 (-17.6%), from €35,739 to €29,463
- Gross operating margin +€8,947
up €8,947 (+5.6%), from €159,408 to €168,355
- Taxes +€3,247
up €3,247 (+9.5%), from €34,251 to €37,498
- Depreciation -€2,069
down €2,069 (-19.2%), from €10,758 to €8,690
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 | €204,944 | €166,272 | -€38,672 | -18.9% |
| Fixed assets | 21/28 | €44,527 | €32,317 | -€12,210 | -27.4% |
| Tangible fixed assets | 22/27 | €44,527 | €32,317 | -€12,210 | -27.4% |
| Plant, machinery and equipment | 23 | €2,991 | €2,141 | -€849 | -28.4% |
| Furniture and vehicles | 24 | €28,340 | €18,594 | -€9,747 | -34.4% |
| Other tangible fixed assets | 26 | €13,196 | €11,582 | -€1,614 | -12.2% |
| Current assets | 29/58 | €160,417 | €133,955 | -€26,462 | -16.5% |
| Amounts receivable within one year | 40/41 | €0 | €22 | +€22 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €22 | +€22 | |
| Cash at bank and in hand | 54/58 | €158,315 | €131,893 | -€26,422 | -16.7% |
| Deferred charges and accrued income | 490/1 | €2,102 | €2,040 | -€62 | -2.9% |
| Total equity and liabilities | 10/49 | €204,944 | €166,272 | -€38,672 | -18.9% |
| Equity | 10/15 | €37,899 | €78,579 | +€40,680 | +107.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €34,899 | €75,579 | +€40,680 | +116.6% |
| Distributable reserves | 133 | €34,899 | €75,579 | +€40,680 | +116.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €167,045 | €87,693 | -€79,351 | -47.5% |
| Amounts payable within one year | 42/48 | €167,045 | €87,693 | -€79,351 | -47.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €401 | +€401 | |
| Credit institutions | 430/8 | - | €401 | +€401 | |
| Trade debts | 44 | €3,256 | €1,338 | -€1,919 | -58.9% |
| Suppliers | 440/4 | €3,256 | €1,338 | -€1,919 | -58.9% |
| Taxes, remuneration and social security | 45 | €35,739 | €29,463 | -€6,275 | -17.6% |
| Taxes | 450/3 | €35,739 | €29,463 | -€6,275 | -17.6% |
| Other amounts payable | 47/48 | €128,049 | €56,490 | -€71,559 | -55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,758 | €8,690 | -€2,069 | -19.2% |
| Other operating charges | 640/8 | €1,925 | €1,407 | -€518 | -26.9% |
| Gross operating margin | 9900 | €159,408 | €168,355 | +€8,947 | +5.6% |
| Operating profit (loss) | 9901 | €146,725 | €158,259 | +€11,534 | +7.9% |
| Financial income | 75/76B | €1 | €176 | +€174 | +14406.6% |
| Recurring financial income | 75 | €1 | €176 | +€174 | +14406.6% |
| Financial charges | 65/66B | €133 | €256 | +€123 | +92.9% |
| Recurring financial charges | 65 | €133 | €256 | +€123 | +92.9% |
| Profit (loss) for the period before taxes | 9903 | €146,593 | €158,178 | +€11,585 | +7.9% |
| Income taxes | 67/77 | €34,251 | €37,498 | +€3,247 | +9.5% |
| Profit (loss) for the period | 9904 | €112,342 | €120,680 | +€8,337 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €112,342 | €120,680 | +€8,337 | +7.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.