JH Qualitas: what changed
JH Qualitas
Largest movements
- Cash +€46,334
up €46,334 (+842%), from €5,502 to €51,836
mainly Net result for the year (+€45,570) and Tax, wage and social debts (+€15,991)
- Receivables within one year -€12,754
down €12,754 (-81.4%), from €15,669 to €2,915
of which Trade receivables: -€11,484
- Tangible fixed assets +€11,903
up €11,903 (+143%), from €8,299 to €20,202
- Profit (loss) carried forward +€45,570
up €45,570 (+624%), from €7,301 to €52,871
- Tax, wage and social debts +€15,991
up €15,991 (+790%), from €2,024 to €18,015
- Other debts -€9,714
down €9,714 (-84.0%), from €11,566 to €1,853
- Trade debts -€7,565
down €7,565 (-91.4%), from €8,279 to €714
- Accrued charges and deferred income +€1,200
new in 2025: €1,200
- Gross operating margin +€54,419
up €54,419 (+512%), from €10,618 to €65,038
- Taxes +€12,962
up €12,962 (+640%), from €2,024 to €14,986
- Depreciation +€3,705
up €3,705 (+1,391%), from €266 to €3,971
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 | €29,470 | €74,953 | +€45,483 | +154% |
| Fixed assets | 21/28 | €8,299 | €20,202 | +€11,903 | +143% |
| Tangible fixed assets | 22/27 | €8,299 | €20,202 | +€11,903 | +143% |
| Furniture and vehicles | 24 | €8,299 | €20,202 | +€11,903 | +143% |
| Current assets | 29/58 | €21,171 | €54,751 | +€33,580 | +159% |
| Amounts receivable within one year | 40/41 | €15,669 | €2,915 | -€12,754 | -81.4% |
| Trade receivables | 40 | €14,399 | €2,915 | -€11,484 | -79.8% |
| Other amounts receivable | 41 | €1,270 | - | -€1,270 | |
| Cash at bank and in hand | 54/58 | €5,502 | €51,836 | +€46,334 | +842% |
| Total equity and liabilities | 10/49 | €29,470 | €74,953 | +€45,483 | +154% |
| Equity | 10/15 | €7,601 | €53,171 | +€45,570 | +600% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,301 | €52,871 | +€45,570 | +624% |
| Amounts payable | 17/49 | €21,869 | €21,782 | -€88 | -0.4% |
| Amounts payable within one year | 42/48 | €21,869 | €20,582 | -€1,288 | -5.9% |
| Trade debts | 44 | €8,279 | €714 | -€7,565 | -91.4% |
| Suppliers | 440/4 | €8,279 | €714 | -€7,565 | -91.4% |
| Taxes, remuneration and social security | 45 | €2,024 | €18,015 | +€15,991 | +790% |
| Taxes | 450/3 | €2,024 | €18,015 | +€15,991 | +790% |
| Other amounts payable | 47/48 | €11,566 | €1,853 | -€9,714 | -84.0% |
| Accrued charges and deferred income | 492/3 | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266 | €3,971 | +€3,705 | +1,391% |
| Other operating charges | 640/8 | €1,030 | €453 | -€577 | -56.0% |
| Gross operating margin | 9900 | €10,618 | €65,038 | +€54,419 | +512% |
| Operating profit (loss) | 9901 | €9,322 | €60,614 | +€51,291 | +550% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | - | €57 | +€57 | |
| Recurring financial charges | 65 | - | €57 | +€57 | |
| Profit (loss) for the period before taxes | 9903 | €9,325 | €60,557 | +€51,232 | +549% |
| Income taxes | 67/77 | €2,024 | €14,986 | +€12,962 | +640% |
| Profit (loss) for the period | 9904 | €7,301 | €45,570 | +€38,270 | +524% |
| Profit (loss) for the period to be appropriated | 9905 | €7,301 | €45,570 | +€38,270 | +524% |
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 1 November 2026 via checked.be.