B&S QUALICERT: 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.
B&S QUALICERT
Largest movements
- Tangible fixed assets -€89,818
down €89,818 (-82.4%), from €108,981 to €19,164
of which Land and buildings: -€80,548
- Receivables within one year +€87,043
up €87,043 (+104%), from €83,945 to €170,988
of which Trade receivables: +€90,678
- Cash +€61,300
up €61,300 (+110%), from €55,626 to €116,927
mainly Investment in fixed assets (net) (+€76,945) and Net result for the year (+€75,891)
- Deferred charges and accrued income -€6,248
down €6,248 (-18.2%), from €34,321 to €28,072
- Intangible fixed assets -€3,500
no longer reported in 2025 (was €3,500)
- Profit (loss) carried forward +€46,766
up €46,766 (+36.4%), from €128,461 to €175,227
- Debts after one year -€46,212
down €46,212 (-80.1%), from €57,720 to €11,508
- Trade debts +€35,027
up €35,027 (+150%), from €23,377 to €58,403
- Tax, wage and social debts +€27,570
up €27,570 (+185%), from €14,868 to €42,438
of which Remuneration and social security: +€15,375
- Current portion of long-term debt -€10,747
down €10,747 (-68.7%), from €15,645 to €4,898
- Staff costs -€32,649
down €32,649 (-25.9%), from €125,911 to €93,262
- Taxes +€13,251
up €13,251 (+69.6%), from €19,032 to €32,283
- Gross operating margin -€12,197
down €12,197 (-5.1%), from €237,678 to €225,481
- Write-downs -€7,041
down €7,041 (-60.3%), from €11,671 to €4,630
- Depreciation -€5,519
down €5,519 (-25.2%), from €21,891 to €16,373
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 | €286,423 | €335,201 | +€48,778 | +17.0% |
| Fixed assets | 21/28 | €112,531 | €19,214 | -€93,318 | -82.9% |
| Intangible fixed assets | 21 | €3,500 | - | -€3,500 | |
| Tangible fixed assets | 22/27 | €108,981 | €19,164 | -€89,818 | -82.4% |
| Land and buildings | 22 | €80,548 | - | -€80,548 | |
| Furniture and vehicles | 24 | €28,433 | €19,164 | -€9,270 | -32.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €173,892 | €315,987 | +€142,095 | +81.7% |
| Amounts receivable within one year | 40/41 | €83,945 | €170,988 | +€87,043 | +104% |
| Trade receivables | 40 | €78,941 | €169,619 | +€90,678 | +115% |
| Other amounts receivable | 41 | €5,004 | €1,370 | -€3,635 | -72.6% |
| Cash at bank and in hand | 54/58 | €55,626 | €116,927 | +€61,300 | +110% |
| Deferred charges and accrued income | 490/1 | €34,321 | €28,072 | -€6,248 | -18.2% |
| Total equity and liabilities | 10/49 | €286,423 | €335,201 | +€48,778 | +17.0% |
| Equity | 10/15 | €155,714 | €202,481 | +€46,766 | +30.0% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Contributions outside capital | 11 | €14,260 | - | -€14,260 | |
| Other | 1109/19 | €14,260 | - | -€14,260 | |
| Reserves | 13 | €12,994 | €12,994 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €7,994 | €7,994 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,461 | €175,227 | +€46,766 | +36.4% |
| Amounts payable | 17/49 | €130,709 | €132,720 | +€2,012 | +1.5% |
| Amounts payable after more than one year | 17 | €57,720 | €11,508 | -€46,212 | -80.1% |
| Financial debts | 170/4 | €57,720 | €11,508 | -€46,212 | -80.1% |
| Amounts payable within one year | 42/48 | €72,989 | €121,212 | +€48,224 | +66.1% |
| Current portion of amounts payable after more than one year | 42 | €15,645 | €4,898 | -€10,747 | -68.7% |
| Financial debts | 43 | €14,000 | €15,000 | +€1,000 | +7.1% |
| Credit institutions | 430/8 | €14,000 | - | -€14,000 | |
| Other loans | 439 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €23,377 | €58,403 | +€35,027 | +150% |
| Suppliers | 440/4 | €23,377 | €58,403 | +€35,027 | +150% |
| Taxes, remuneration and social security | 45 | €14,868 | €42,438 | +€27,570 | +185% |
| Taxes | 450/3 | €5,296 | €17,492 | +€12,196 | +230% |
| Remuneration and social security | 454/9 | €9,572 | €24,947 | +€15,375 | +161% |
| Other amounts payable | 47/48 | €5,099 | €472 | -€4,627 | -90.7% |
| Non-recurring operating income | 76A | - | €3,143 | +€3,143 | |
| Remuneration, social security and pensions | 62 | €125,911 | €93,262 | -€32,649 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,891 | €16,373 | -€5,519 | -25.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,671 | €4,630 | -€7,041 | -60.3% |
| Other operating charges | 640/8 | €2,376 | €2,448 | +€72 | +3.0% |
| Non-recurring operating charges | 66A | - | €24 | +€24 | |
| Gross operating margin | 9900 | €237,678 | €225,481 | -€12,197 | -5.1% |
| Operating profit (loss) | 9901 | €75,828 | €108,745 | +€32,916 | +43.4% |
| Financial income | 75/76B | €1,642 | €4,274 | +€2,632 | +160% |
| Recurring financial income | 75 | €1,642 | €4,274 | +€2,632 | +160% |
| Financial charges | 65/66B | €6,930 | €4,845 | -€2,085 | -30.1% |
| Recurring financial charges | 65 | €6,930 | €4,845 | -€2,085 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €70,540 | €108,174 | +€37,634 | +53.4% |
| Income taxes | 67/77 | €19,032 | €32,283 | +€13,251 | +69.6% |
| Profit (loss) for the period | 9904 | €51,509 | €75,891 | +€24,383 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,509 | €75,891 | +€24,383 | +47.3% |
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 22 October 2026 via checked.be.