QALITY: 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.
QALITY
Largest movements
- Tangible fixed assets +€62,378
up €62,378 (+228%), from €27,348 to €89,726
- Reserves +€60,000
up €60,000 (+45.5%), from €132,000 to €192,000
- Tax, wage and social debts -€8,568
down €8,568 (-47.7%), from €17,955 to €9,387
of which Taxes: -€11,180
- Profit (loss) carried forward +€6,162
up €6,162 (+442%), from €1,395 to €7,558
- Trade debts +€5,073
up €5,073 (+4,878%), from €104 to €5,177
- Depreciation -€5,586
down €5,586 (-44.5%), from €12,566 to €6,980
- Other operating charges +€1,126
up €1,126 (+220%), from €511 to €1,637
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.
Derived cash bridge
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 | €170,563 | €234,583 | +€64,020 | +37.5% |
| Fixed assets | 21/28 | €27,348 | €89,726 | +€62,378 | +228% |
| Tangible fixed assets | 22/27 | €27,348 | €89,726 | +€62,378 | +228% |
| Furniture and vehicles | 24 | €27,348 | €89,726 | +€62,378 | +228% |
| Current assets | 29/58 | €143,215 | €144,857 | +€1,642 | +1.1% |
| Cash at bank and in hand | 54/58 | €142,171 | €142,450 | +€278 | +0.2% |
| Deferred charges and accrued income | 490/1 | €1,044 | €2,407 | +€1,364 | +131% |
| Total equity and liabilities | 10/49 | €170,563 | €234,583 | +€64,020 | +37.5% |
| Equity | 10/15 | €138,395 | €204,558 | +€66,162 | +47.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €132,000 | €192,000 | +€60,000 | +45.5% |
| Distributable reserves | 133 | €132,000 | €192,000 | +€60,000 | +45.5% |
| Profit (loss) carried forward | 14 | €1,395 | €7,558 | +€6,162 | +442% |
| Amounts payable | 17/49 | €32,167 | €30,025 | -€2,142 | -6.7% |
| Amounts payable within one year | 42/48 | €32,167 | €29,625 | -€2,542 | -7.9% |
| Trade debts | 44 | €104 | €5,177 | +€5,073 | +4,878% |
| Suppliers | 440/4 | €104 | €5,177 | +€5,073 | +4,878% |
| Taxes, remuneration and social security | 45 | €17,955 | €9,387 | -€8,568 | -47.7% |
| Taxes | 450/3 | €17,955 | €6,775 | -€11,180 | -62.3% |
| Remuneration and social security | 454/9 | - | €2,612 | +€2,612 | |
| Other amounts payable | 47/48 | €14,108 | €15,062 | +€953 | +6.8% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,566 | €6,980 | -€5,586 | -44.5% |
| Other operating charges | 640/8 | €511 | €1,637 | +€1,126 | +220% |
| Gross operating margin | 9900 | €99,750 | €99,508 | -€242 | -0.2% |
| Operating profit (loss) | 9901 | €86,673 | €90,891 | +€4,218 | +4.9% |
| Financial charges | 65/66B | €61 | €45 | -€16 | -26.2% |
| Recurring financial charges | 65 | €61 | €45 | -€16 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €86,612 | €90,846 | +€4,234 | +4.9% |
| Income taxes | 67/77 | €23,862 | €24,683 | +€821 | +3.4% |
| Profit (loss) for the period | 9904 | €62,750 | €66,162 | +€3,412 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,750 | €66,162 | +€3,412 | +5.4% |
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 23 October 2026 via checked.be.