Lo'qualité: 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.
Lo'qualité
Largest movements
- Cash +€37,443
up €37,443 (+719.0%), from €5,208 to €42,651
mainly Debts after one year (+€157,686) and Current portion of long-term debt (+€31,857)
- Deferred charges and accrued income +€10,782
up €10,782 (+154.1%), from €6,996 to €17,778
- Receivables within one year +€8,042
up €8,042 (+3.2%), from €251,075 to €259,117
of which Other amounts receivable: +€6,332
- Intangible fixed assets -€5,468
down €5,468 (-36.4%), from €15,025 to €9,557
- Debts after one year +€157,686
up €157,686 (+1909.2%), from €8,259 to €165,945
- Trade debts -€74,042
down €74,042 (-28.7%), from €257,902 to €183,860
- Short-term financial debts -€49,500
no longer reported in 2025 (was €49,500)
- Other debts -€34,462
down €34,462 (-72.1%), from €47,796 to €13,334
- Current portion of long-term debt +€31,857
up €31,857 (+415.1%), from €7,675 to €39,532
- Staff costs -€49,898
down €49,898 (-45.5%), from €109,674 to €59,777
- Financial income -€21,433
down €21,433 (-57.8%), from €37,091 to €15,658
- Gross operating margin -€20,393
down €20,393 (-19.5%), from €104,523 to €84,130
- Other operating charges -€1,927
down €1,927 (-47.3%), from €4,071 to €2,144
- Financial charges +€1,852
up €1,852 (+24.1%), from €7,694 to €9,546
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 | €352,242 | €406,184 | +€53,942 | +15.3% |
| Fixed assets | 21/28 | €26,826 | €22,224 | -€4,602 | -17.2% |
| Intangible fixed assets | 21 | €15,025 | €9,557 | -€5,468 | -36.4% |
| Tangible fixed assets | 22/27 | €2,530 | €3,396 | +€866 | +34.2% |
| Plant, machinery and equipment | 23 | €2,530 | €3,396 | +€866 | +34.2% |
| Financial fixed assets | 28 | €9,270 | €9,270 | = | 0.0% |
| Current assets | 29/58 | €325,417 | €383,960 | +€58,544 | +18.0% |
| Stocks and contracts in progress | 3 | €62,138 | €64,415 | +€2,277 | +3.7% |
| Stocks | 30/36 | €62,138 | €64,415 | +€2,277 | +3.7% |
| Amounts receivable within one year | 40/41 | €251,075 | €259,117 | +€8,042 | +3.2% |
| Trade receivables | 40 | €247,647 | €249,357 | +€1,710 | +0.7% |
| Other amounts receivable | 41 | €3,428 | €9,760 | +€6,332 | +184.7% |
| Cash at bank and in hand | 54/58 | €5,208 | €42,651 | +€37,443 | +719.0% |
| Deferred charges and accrued income | 490/1 | €6,996 | €17,778 | +€10,782 | +154.1% |
| Total equity and liabilities | 10/49 | €352,242 | €406,184 | +€53,942 | +15.3% |
| Equity | 10/15 | -€41,413 | -€19,868 | +€21,545 | +52.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,413 | -€49,868 | +€21,545 | +30.2% |
| Amounts payable | 17/49 | €393,655 | €426,052 | +€32,396 | +8.2% |
| Amounts payable after more than one year | 17 | €8,259 | €165,945 | +€157,686 | +1909.2% |
| Financial debts | 170/4 | €8,259 | €165,945 | +€157,686 | +1909.2% |
| Amounts payable within one year | 42/48 | €385,396 | €260,106 | -€125,290 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €7,675 | €39,532 | +€31,857 | +415.1% |
| Financial debts | 43 | €49,500 | - | -€49,500 | |
| Credit institutions | 430/8 | €49,500 | - | -€49,500 | |
| Trade debts | 44 | €257,902 | €183,860 | -€74,042 | -28.7% |
| Suppliers | 440/4 | €257,902 | €183,860 | -€74,042 | -28.7% |
| Taxes, remuneration and social security | 45 | €22,523 | €23,380 | +€858 | +3.8% |
| Taxes | 450/3 | €8,869 | €7,415 | -€1,454 | -16.4% |
| Remuneration and social security | 454/9 | €13,654 | €15,966 | +€2,312 | +16.9% |
| Other amounts payable | 47/48 | €47,796 | €13,334 | -€34,462 | -72.1% |
| Remuneration, social security and pensions | 62 | €109,674 | €59,777 | -€49,898 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,469 | €6,317 | +€848 | +15.5% |
| Other operating charges | 640/8 | €4,071 | €2,144 | -€1,927 | -47.3% |
| Gross operating margin | 9900 | €104,523 | €84,130 | -€20,393 | -19.5% |
| Operating profit (loss) | 9901 | -€14,692 | €15,893 | +€30,584 | |
| Financial income | 75/76B | €37,091 | €15,658 | -€21,433 | -57.8% |
| Recurring financial income | 75 | €37,091 | €15,658 | -€21,433 | -57.8% |
| Financial charges | 65/66B | €7,694 | €9,546 | +€1,852 | +24.1% |
| Recurring financial charges | 65 | €7,694 | €9,546 | +€1,852 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €14,705 | €22,004 | +€7,299 | +49.6% |
| Income taxes | 67/77 | €623 | €459 | -€164 | -26.3% |
| Profit (loss) for the period | 9904 | €14,082 | €21,545 | +€7,463 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,082 | €21,545 | +€7,463 | +53.0% |
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 12 October 2026 via checked.be.