QUODLIBET: 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.
QUODLIBET
Largest movements
- Cash +€152,716
up €152,716 (+210%), from €72,700 to €225,416
mainly Net result for the year (+€81,281) and Current investments (+€61,518)
- Tangible fixed assets -€71,855
down €71,855 (-90.7%), from €79,187 to €7,332
of which Land and buildings: -€56,688
- Current investments -€61,518
down €61,518 (-25.6%), from €240,036 to €178,518
- Deferred charges and accrued income -€4,773
down €4,773 (-41.7%), from €11,435 to €6,662
- Reserves +€16,281
up €16,281 (+4.8%), from €337,354 to €353,635
- Gross operating margin -€13,058
down €13,058 (-9.6%), from €135,906 to €122,849
- Depreciation -€5,796
down €5,796 (-30.9%), from €18,760 to €12,963
- Financial income +€3,258
up €3,258 (+179%), from €1,822 to €5,080
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 | €428,819 | €442,124 | +€13,305 | +3.1% |
| Fixed assets | 21/28 | €79,187 | €7,332 | -€71,855 | -90.7% |
| Tangible fixed assets | 22/27 | €79,187 | €7,332 | -€71,855 | -90.7% |
| Land and buildings | 22 | €56,688 | €0 | -€56,688 | -100% |
| Furniture and vehicles | 24 | €11,544 | €0 | -€11,544 | -100% |
| Other tangible fixed assets | 26 | €10,955 | €7,332 | -€3,623 | -33.1% |
| Current assets | 29/58 | €349,632 | €434,792 | +€85,160 | +24.4% |
| Amounts receivable within one year | 40/41 | €25,462 | €24,196 | -€1,266 | -5.0% |
| Trade receivables | 40 | €22,303 | €20,142 | -€2,162 | -9.7% |
| Other amounts receivable | 41 | €3,158 | €4,054 | +€896 | +28.4% |
| Current investments | 50/53 | €240,036 | €178,518 | -€61,518 | -25.6% |
| Cash at bank and in hand | 54/58 | €72,700 | €225,416 | +€152,716 | +210% |
| Deferred charges and accrued income | 490/1 | €11,435 | €6,662 | -€4,773 | -41.7% |
| Total equity and liabilities | 10/49 | €428,819 | €442,124 | +€13,305 | +3.1% |
| Equity | 10/15 | €343,554 | €359,835 | +€16,281 | +4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €337,354 | €353,635 | +€16,281 | +4.8% |
| Distributable reserves | 133 | €337,354 | €353,635 | +€16,281 | +4.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €85,265 | €82,289 | -€2,976 | -3.5% |
| Amounts payable within one year | 42/48 | €85,265 | €82,289 | -€2,976 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €703 | €1,235 | +€532 | +75.7% |
| Credit institutions | 430/8 | €703 | €1,235 | +€532 | +75.7% |
| Trade debts | 44 | €1,884 | €1,704 | -€181 | -9.6% |
| Suppliers | 440/4 | €1,884 | €1,704 | -€181 | -9.6% |
| Taxes, remuneration and social security | 45 | €11,997 | €10,777 | -€1,221 | -10.2% |
| Taxes | 450/3 | €11,997 | €10,777 | -€1,221 | -10.2% |
| Other amounts payable | 47/48 | €70,681 | €68,574 | -€2,107 | -3.0% |
| Non-recurring operating income | 76A | - | €7,569 | +€7,569 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,760 | €12,963 | -€5,796 | -30.9% |
| Other operating charges | 640/8 | €286 | €254 | -€32 | -11.3% |
| Gross operating margin | 9900 | €135,906 | €122,849 | -€13,058 | -9.6% |
| Operating profit (loss) | 9901 | €116,861 | €109,631 | -€7,229 | -6.2% |
| Financial income | 75/76B | €1,822 | €5,080 | +€3,258 | +179% |
| Recurring financial income | 75 | €1,822 | €5,080 | +€3,258 | +179% |
| Financial charges | 65/66B | €499 | €695 | +€196 | +39.4% |
| Recurring financial charges | 65 | €499 | €695 | +€196 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | €118,184 | €114,016 | -€4,168 | -3.5% |
| Income taxes | 67/77 | €33,606 | €32,735 | -€871 | -2.6% |
| Profit (loss) for the period | 9904 | €84,578 | €81,281 | -€3,297 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €84,578 | €81,281 | -€3,297 | -3.9% |
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 13 October 2026 via checked.be.