I-QUAL: what changed
I-QUAL
Largest movements
- Cash -€19,632
down €19,632 (-54.8%), from €35,816 to €16,184
mainly Other debts (-€11,251) and Tax, wage and social debts (-€6,336)
- Tangible fixed assets -€1,598
down €1,598 (-18.4%), from €8,697 to €7,099
of which Land and buildings: -€1,012
- Receivables within one year +€1,531
up €1,531 (+5.8%), from €26,414 to €27,945
of which Other amounts receivable: +€25,747
- Other debts -€11,251
down €11,251 (-54.2%), from €20,746 to €9,495
- Tax, wage and social debts -€6,336
down €6,336 (-68.0%), from €9,314 to €2,979
- Accrued charges and deferred income -€1,752
no longer reported in 2025 (was €1,752)
- Profit (loss) carried forward -€725
down €725 (-100%), from €725 to €0
- Gross operating margin -€45,331
down €45,331 (-93.8%), from €48,331 to €3,001
- Taxes -€11,339
down €11,339 (-97.6%), from €11,621 to €281
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,845 | €52,207 | -€19,638 | -27.3% |
| Fixed assets | 21/28 | €8,697 | €7,099 | -€1,598 | -18.4% |
| Tangible fixed assets | 22/27 | €8,697 | €7,099 | -€1,598 | -18.4% |
| Land and buildings | 22 | €6,409 | €5,397 | -€1,012 | -15.8% |
| Furniture and vehicles | 24 | €2,288 | €1,702 | -€586 | -25.6% |
| Current assets | 29/58 | €63,148 | €45,108 | -€18,040 | -28.6% |
| Amounts receivable within one year | 40/41 | €26,414 | €27,945 | +€1,531 | +5.8% |
| Trade receivables | 40 | €26,414 | €2,198 | -€24,216 | -91.7% |
| Other amounts receivable | 41 | - | €25,747 | +€25,747 | |
| Cash at bank and in hand | 54/58 | €35,816 | €16,184 | -€19,632 | -54.8% |
| Deferred charges and accrued income | 490/1 | €918 | €980 | +€62 | +6.7% |
| Total equity and liabilities | 10/49 | €71,845 | €52,207 | -€19,638 | -27.3% |
| Equity | 10/15 | €40,019 | €39,734 | -€286 | -0.7% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €35,694 | €36,134 | +€440 | +1.2% |
| Distributable reserves | 133 | €35,694 | €36,134 | +€440 | +1.2% |
| Profit (loss) carried forward | 14 | €725 | €0 | -€725 | -100% |
| Amounts payable | 17/49 | €31,826 | €12,474 | -€19,352 | -60.8% |
| Amounts payable within one year | 42/48 | €30,074 | €12,474 | -€17,600 | -58.5% |
| Trade debts | 44 | €13 | €0 | -€13 | -100% |
| Suppliers | 440/4 | €13 | €0 | -€13 | -100% |
| Taxes, remuneration and social security | 45 | €9,314 | €2,979 | -€6,336 | -68.0% |
| Taxes | 450/3 | €9,314 | €2,979 | -€6,336 | -68.0% |
| Other amounts payable | 47/48 | €20,746 | €9,495 | -€11,251 | -54.2% |
| Accrued charges and deferred income | 492/3 | €1,752 | - | -€1,752 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,229 | €1,598 | +€369 | +30.0% |
| Other operating charges | 640/8 | €472 | €506 | +€33 | +7.0% |
| Gross operating margin | 9900 | €48,331 | €3,001 | -€45,331 | -93.8% |
| Operating profit (loss) | 9901 | €46,630 | €897 | -€45,733 | -98.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,175 | €901 | -€274 | -23.3% |
| Recurring financial charges | 65 | €1,175 | €901 | -€274 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €45,455 | -€4 | -€45,459 | |
| Income taxes | 67/77 | €11,621 | €281 | -€11,339 | -97.6% |
| Profit (loss) for the period | 9904 | €33,834 | -€286 | -€34,120 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,834 | -€286 | -€34,120 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.