Kwalifix: what changed
Two fiscal 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.
Kwalifix
Largest movements
- Tangible fixed assets -€18,382
down €18,382 (-26.6%), from €69,104 to €50,722
of which Furniture and vehicles: -€11,820
- Cash +€9,005
up €9,005 (+110.9%), from €8,120 to €17,125
mainly Depreciation (+€19,560) and Receivables within one year (+€1,768)
- Receivables within one year -€1,768
down €1,768 (-15.1%), from €11,706 to €9,938
of which Other amounts receivable: -€1,768
- Tax, wage and social debts -€6,036
down €6,036 (-51.1%), from €11,805 to €5,770
- Profit (loss) carried forward -€2,816
new in 2025: -€2,816
- Other debts -€2,015
down €2,015 (-6.2%), from €32,694 to €30,679
- Gross operating margin -€16,712
down €16,712 (-47.1%), from €35,492 to €18,780
- Taxes -€5,721
down €5,721 (-94.8%), from €6,034 to €313
- Depreciation +€4,926
up €4,926 (+33.7%), from €14,635 to €19,560
- Other operating charges +€714
up €714 (+58.0%), from €1,230 to €1,944
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 | €91,459 | €80,710 | -€10,749 | -11.8% |
| Fixed assets | 21/28 | €69,104 | €50,722 | -€18,382 | -26.6% |
| Tangible fixed assets | 22/27 | €69,104 | €50,722 | -€18,382 | -26.6% |
| Land and buildings | 22 | - | €1,158 | +€1,158 | |
| Plant, machinery and equipment | 23 | €22,928 | €15,208 | -€7,720 | -33.7% |
| Furniture and vehicles | 24 | €46,175 | €34,356 | -€11,820 | -25.6% |
| Current assets | 29/58 | €22,355 | €29,988 | +€7,633 | +34.1% |
| Amounts receivable within one year | 40/41 | €11,706 | €9,938 | -€1,768 | -15.1% |
| Trade receivables | 40 | €2,869 | €2,869 | = | 0.0% |
| Other amounts receivable | 41 | €8,837 | €7,069 | -€1,768 | -20.0% |
| Cash at bank and in hand | 54/58 | €8,120 | €17,125 | +€9,005 | +110.9% |
| Deferred charges and accrued income | 490/1 | €2,529 | €2,925 | +€396 | +15.6% |
| Total equity and liabilities | 10/49 | €91,459 | €80,710 | -€10,749 | -11.8% |
| Equity | 10/15 | €46,554 | €43,738 | -€2,816 | -6.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €44,054 | €44,054 | = | 0.0% |
| Distributable reserves | 133 | €44,054 | €44,054 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,816 | -€2,816 | |
| Amounts payable | 17/49 | €44,905 | €36,971 | -€7,933 | -17.7% |
| Amounts payable within one year | 42/48 | €44,905 | €36,971 | -€7,933 | -17.7% |
| Trade debts | 44 | €406 | €523 | +€117 | +28.9% |
| Suppliers | 440/4 | €406 | €523 | +€117 | +28.9% |
| Taxes, remuneration and social security | 45 | €11,805 | €5,770 | -€6,036 | -51.1% |
| Taxes | 450/3 | €11,805 | €5,770 | -€6,036 | -51.1% |
| Other amounts payable | 47/48 | €32,694 | €30,679 | -€2,015 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,635 | €19,560 | +€4,926 | +33.7% |
| Other operating charges | 640/8 | €1,230 | €1,944 | +€714 | +58.0% |
| Gross operating margin | 9900 | €35,492 | €18,780 | -€16,712 | -47.1% |
| Operating profit (loss) | 9901 | €19,627 | -€2,724 | -€22,351 | |
| Financial income | 75/76B | €341 | €453 | +€112 | +33.0% |
| Recurring financial income | 75 | €341 | €453 | +€112 | +33.0% |
| Financial charges | 65/66B | €136 | €232 | +€96 | +71.0% |
| Recurring financial charges | 65 | €136 | €232 | +€96 | +71.0% |
| Profit (loss) for the period before taxes | 9903 | €19,832 | -€2,503 | -€22,335 | |
| Income taxes | 67/77 | €6,034 | €313 | -€5,721 | -94.8% |
| Profit (loss) for the period | 9904 | €13,799 | -€2,816 | -€16,614 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,799 | -€2,816 | -€16,614 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.