Qaltera: what changed
Qaltera
Largest movements
- Intangible fixed assets -€37,932
down €37,932 (-47.8%), from €79,359 to €41,426
- Tangible fixed assets +€8,574
up €8,574 (+31.4%), from €27,291 to €35,866
of which Furniture and vehicles: +€12,028
- Deferred charges and accrued income +€7,471
up €7,471 (+81.6%), from €9,156 to €16,628
- Cash -€7,212
down €7,212 (-32.9%), from €21,922 to €14,710
mainly Debts after one year (-€21,335) and Investment in fixed assets (net) (-€18,498)
- Debts after one year -€21,335
down €21,335 (-36.2%), from €58,999 to €37,664
- Current portion of long-term debt -€7,021
down €7,021 (-16.9%), from €41,574 to €34,553
- Tax, wage and social debts -€4,324
down €4,324 (-18.5%), from €23,374 to €19,050
of which Taxes: -€4,793
- Reserves +€1,957
up €1,957 (+4.8%), from €41,136 to €43,094
- Staff costs +€3,264
up €3,264 (+5.6%), from €57,849 to €61,113
- Write-downs +€3,092
up €3,092 (+1,759%), from €176 to €3,268
- Depreciation -€3,066
down €3,066 (-6.0%), from €50,922 to €47,856
- Gross operating margin +€2,735
up €2,735 (+2.2%), from €123,473 to €126,208
- Other operating charges +€2,677
up €2,677 (+83.1%), from €3,220 to €5,896
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 | €194,237 | €163,305 | -€30,932 | -15.9% |
| Fixed assets | 21/28 | €106,650 | €77,292 | -€29,358 | -27.5% |
| Intangible fixed assets | 21 | €79,359 | €41,426 | -€37,932 | -47.8% |
| Tangible fixed assets | 22/27 | €27,291 | €35,866 | +€8,574 | +31.4% |
| Plant, machinery and equipment | 23 | €5,304 | €3,823 | -€1,481 | -27.9% |
| Furniture and vehicles | 24 | €12,699 | €24,727 | +€12,028 | +94.7% |
| Other tangible fixed assets | 26 | €9,288 | €7,316 | -€1,972 | -21.2% |
| Current assets | 29/58 | €87,587 | €86,013 | -€1,574 | -1.8% |
| Amounts receivable within one year | 40/41 | €56,508 | €54,675 | -€1,833 | -3.2% |
| Trade receivables | 40 | €56,039 | €51,428 | -€4,611 | -8.2% |
| Other amounts receivable | 41 | €469 | €3,247 | +€2,778 | +592% |
| Cash at bank and in hand | 54/58 | €21,922 | €14,710 | -€7,212 | -32.9% |
| Deferred charges and accrued income | 490/1 | €9,156 | €16,628 | +€7,471 | +81.6% |
| Total equity and liabilities | 10/49 | €194,237 | €163,305 | -€30,932 | -15.9% |
| Equity | 10/15 | €59,736 | €61,694 | +€1,957 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,136 | €43,094 | +€1,957 | +4.8% |
| Distributable reserves | 133 | €41,136 | €43,094 | +€1,957 | +4.8% |
| Amounts payable | 17/49 | €134,501 | €101,612 | -€32,889 | -24.5% |
| Amounts payable after more than one year | 17 | €58,999 | €37,664 | -€21,335 | -36.2% |
| Financial debts | 170/4 | €58,999 | €37,664 | -€21,335 | -36.2% |
| Amounts payable within one year | 42/48 | €75,436 | €63,854 | -€11,582 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €41,574 | €34,553 | -€7,021 | -16.9% |
| Trade debts | 44 | €8,611 | €10,252 | +€1,641 | +19.1% |
| Suppliers | 440/4 | €8,611 | €10,252 | +€1,641 | +19.1% |
| Taxes, remuneration and social security | 45 | €23,374 | €19,050 | -€4,324 | -18.5% |
| Taxes | 450/3 | €13,494 | €8,701 | -€4,793 | -35.5% |
| Remuneration and social security | 454/9 | €9,880 | €10,349 | +€469 | +4.7% |
| Other amounts payable | 47/48 | €1,878 | - | -€1,878 | |
| Accrued charges and deferred income | 492/3 | €66 | €93 | +€28 | +41.9% |
| Remuneration, social security and pensions | 62 | €57,849 | €61,113 | +€3,264 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,922 | €47,856 | -€3,066 | -6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €176 | €3,268 | +€3,092 | +1,759% |
| Other operating charges | 640/8 | €3,220 | €5,896 | +€2,677 | +83.1% |
| Non-recurring operating charges | 66A | €612 | - | -€612 | |
| Gross operating margin | 9900 | €123,473 | €126,208 | +€2,735 | +2.2% |
| Operating profit (loss) | 9901 | €10,695 | €8,075 | -€2,620 | -24.5% |
| Financial income | 75/76B | €146 | €168 | +€21 | +14.7% |
| Recurring financial income | 75 | €146 | €168 | +€21 | +14.7% |
| Financial charges | 65/66B | €2,580 | €2,198 | -€382 | -14.8% |
| Recurring financial charges | 65 | €2,580 | €2,198 | -€382 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €8,262 | €6,045 | -€2,216 | -26.8% |
| Income taxes | 67/77 | €4,531 | €4,088 | -€443 | -9.8% |
| Profit (loss) for the period | 9904 | €3,731 | €1,957 | -€1,774 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,731 | €1,957 | -€1,774 | -47.5% |
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 7 November 2026 via checked.be.