KUALTEC: 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.
KUALTEC
Largest movements
- Receivables within one year +€31,616
up €31,616 (+46.3%), from €68,271 to €99,886
of which Trade receivables: +€31,855
- Tangible fixed assets -€2,575
down €2,575 (-35.9%), from €7,167 to €4,592
of which Other tangible fixed assets: -€1,444
- Cash -€2,189
down €2,189 (-2.1%), from €103,131 to €100,942
mainly Contributions, distributions and other (-€34,300) and Receivables within one year (-€31,616)
- Profit (loss) carried forward +€20,743
up €20,743 (+13.9%), from €149,368 to €170,111
- Other debts +€7,950
up €7,950 (+37.4%), from €21,250 to €29,200
- Gross operating margin +€4,092
up €4,092 (+6.1%), from €67,192 to €71,284
- Depreciation -€2,707
down €2,707 (-51.2%), from €5,281 to €2,575
- Taxes +€963
up €963 (+7.3%), from €13,202 to €14,164
- Financial income -€875
down €875 (-34.8%), from €2,516 to €1,640
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 | €178,664 | €205,516 | +€26,852 | +15.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €7,263 | €4,688 | -€2,575 | -35.5% |
| Tangible fixed assets | 22/27 | €7,167 | €4,592 | -€2,575 | -35.9% |
| Furniture and vehicles | 24 | €2,241 | €1,110 | -€1,130 | -50.5% |
| Other tangible fixed assets | 26 | €4,926 | €3,482 | -€1,444 | -29.3% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €171,402 | €200,828 | +€29,427 | +17.2% |
| Amounts receivable within one year | 40/41 | €68,271 | €99,886 | +€31,616 | +46.3% |
| Trade receivables | 40 | €32,094 | €63,949 | +€31,855 | +99.3% |
| Other amounts receivable | 41 | €36,177 | €35,938 | -€239 | -0.7% |
| Cash at bank and in hand | 54/58 | €103,131 | €100,942 | -€2,189 | -2.1% |
| Total equity and liabilities | 10/49 | €178,664 | €205,516 | +€26,852 | +15.0% |
| Equity | 10/15 | €149,868 | €170,611 | +€20,743 | +13.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,368 | €170,111 | +€20,743 | +13.9% |
| Amounts payable | 17/49 | €28,796 | €34,905 | +€6,109 | +21.2% |
| Amounts payable within one year | 42/48 | €28,480 | €34,905 | +€6,425 | +22.6% |
| Trade debts | 44 | €1,092 | €605 | -€487 | -44.6% |
| Suppliers | 440/4 | €1,092 | €605 | -€487 | -44.6% |
| Taxes, remuneration and social security | 45 | €6,138 | €5,100 | -€1,038 | -16.9% |
| Taxes | 450/3 | €6,138 | €5,100 | -€1,038 | -16.9% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €21,250 | €29,200 | +€7,950 | +37.4% |
| Accrued charges and deferred income | 492/3 | €316 | €0 | -€316 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,281 | €2,575 | -€2,707 | -51.2% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | €67,192 | €71,284 | +€4,092 | +6.1% |
| Operating profit (loss) | 9901 | €61,012 | €67,781 | +€6,769 | +11.1% |
| Financial income | 75/76B | €2,516 | €1,640 | -€875 | -34.8% |
| Recurring financial income | 75 | €2,516 | €1,640 | -€875 | -34.8% |
| Financial charges | 65/66B | €185 | €214 | +€29 | +15.7% |
| Recurring financial charges | 65 | €185 | €214 | +€29 | +15.7% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €63,343 | €69,207 | +€5,865 | +9.3% |
| Income taxes | 67/77 | €13,202 | €14,164 | +€963 | +7.3% |
| Profit (loss) for the period | 9904 | €50,141 | €55,043 | +€4,902 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,141 | €55,043 | +€4,902 | +9.8% |
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 10 October 2026 via checked.be.