QALY-CO: 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.
QALY-CO
Largest movements
- Current assets +€16,519
up €16,519 (+29.5%), from €55,913 to €72,431
of which Receivables within one year: +€22,620
- Tangible fixed assets -€6,624
down €6,624 (-26.4%), from €25,045 to €18,421
- Equity +€19,124
up €19,124 (+145%), from €13,214 to €32,337
of which Profit (loss) carried forward: +€19,124
- Debts within one year -€9,229
down €9,229 (-13.6%), from €67,744 to €58,515
- Gross operating margin +€26,150
up €26,150 (+221%), from €11,820 to €37,970
- Taxes +€7,347
up €7,347 (+432%), from €1,701 to €9,047
- Depreciation +€774
up €774 (+9.5%), from €8,178 to €8,952
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,957 | €90,852 | +€9,895 | +12.2% |
| Fixed assets | 21/28 | €25,045 | €18,421 | -€6,624 | -26.4% |
| Tangible fixed assets | 22/27 | €25,045 | €18,421 | -€6,624 | -26.4% |
| Current assets | 29/58 | €55,913 | €72,431 | +€16,519 | +29.5% |
| Amounts receivable within one year | 40/41 | €13,851 | €36,472 | +€22,620 | +163% |
| Cash at bank and in hand | 54/58 | €42,061 | €35,072 | -€6,989 | -16.6% |
| Total equity and liabilities | 10/49 | €80,957 | €90,852 | +€9,895 | +12.2% |
| Equity | 10/15 | €13,214 | €32,337 | +€19,124 | +145% |
| Contributions | 10/11 | €19,000 | - | -€19,000 | |
| Profit (loss) carried forward | 14 | -€5,786 | €13,337 | +€19,124 | |
| Amounts payable | 17/49 | €67,744 | €58,515 | -€9,229 | -13.6% |
| Amounts payable within one year | 42/48 | €67,744 | €58,515 | -€9,229 | -13.6% |
| Trade debts | 44 | €1,677 | €8,040 | +€6,363 | +379% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,178 | €8,952 | +€774 | +9.5% |
| Gross operating margin | 9900 | €11,820 | €37,970 | +€26,150 | +221% |
| Operating profit (loss) | 9901 | -€552 | €28,510 | +€29,062 | |
| Recurring financial income | 75 | €6 | €11 | +€5 | +76.5% |
| Recurring financial charges | 65 | €226 | €350 | +€124 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | -€772 | €28,171 | +€28,943 | |
| Income taxes | 67/77 | €1,701 | €9,047 | +€7,347 | +432% |
| Profit (loss) for the period | 9904 | -€2,473 | €19,124 | +€21,596 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,473 | €19,124 | +€21,596 |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.