QUAL'IT PROCESS: 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.
QUAL'IT PROCESS
Largest movements
- Cash +€13,854
up €13,854 (+31.3%), from €44,257 to €58,111
mainly Other debts (+€85,280) and Net result for the year (+€46,869)
- Receivables within one year +€10,388
up €10,388 (+13.7%), from €75,818 to €86,206
of which Trade receivables: +€12,292
- Receivables after one year -€7,417
down €7,417 (-3.9%), from €188,945 to €181,528
- Other debts +€85,280
up €85,280 (+345.3%), from €24,700 to €109,980
- Reserves -€71,000
down €71,000 (-38.6%), from €183,860 to €112,860
of which Distributable reserves: -€71,000
- Tax, wage and social debts +€5,332
up €5,332 (+20.3%), from €26,218 to €31,550
- Purchases and services -€11,695
down €11,695 (-12.1%), from €96,700 to €85,005
- Gross operating margin +€10,808
up €10,808 (+19.2%), from €56,332 to €67,140
- Taxes +€4,752
up €4,752 (+32.8%), from €14,507 to €19,259
- Other operating charges -€4,461
no longer reported in 2025 (was €4,461)
- Financial charges -€2,272
down €2,272 (-69.8%), from €3,254 to €982
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 | €309,064 | €325,889 | +€16,825 | +5.4% |
| Fixed assets | 21/28 | €45 | €45 | = | 0.0% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €309,019 | €325,844 | +€16,825 | +5.4% |
| Amounts receivable after more than one year | 29 | €188,945 | €181,528 | -€7,417 | -3.9% |
| Other amounts receivable | 291 | €188,945 | €181,528 | -€7,417 | -3.9% |
| Amounts receivable within one year | 40/41 | €75,818 | €86,206 | +€10,388 | +13.7% |
| Trade receivables | 40 | €17,477 | €29,769 | +€12,292 | +70.3% |
| Other amounts receivable | 41 | €58,341 | €56,437 | -€1,904 | -3.3% |
| Cash at bank and in hand | 54/58 | €44,257 | €58,111 | +€13,854 | +31.3% |
| Total equity and liabilities | 10/49 | €309,064 | €325,889 | +€16,825 | +5.4% |
| Equity | 10/15 | €245,088 | €174,957 | -€70,131 | -28.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €183,860 | €112,860 | -€71,000 | -38.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €182,000 | €111,000 | -€71,000 | -39.0% |
| Profit (loss) carried forward | 14 | €42,628 | €43,497 | +€869 | +2.0% |
| Amounts payable | 17/49 | €63,976 | €150,933 | +€86,956 | +135.9% |
| Amounts payable within one year | 42/48 | €63,976 | €150,933 | +€86,956 | +135.9% |
| Financial debts | 43 | €5,505 | €4,646 | -€859 | -15.6% |
| Credit institutions | 430/8 | €5,505 | €4,646 | -€859 | -15.6% |
| Trade debts | 44 | €7,553 | €4,757 | -€2,796 | -37.0% |
| Suppliers | 440/4 | €7,553 | €4,757 | -€2,796 | -37.0% |
| Taxes, remuneration and social security | 45 | €26,218 | €31,550 | +€5,332 | +20.3% |
| Taxes | 450/3 | €26,218 | €31,550 | +€5,332 | +20.3% |
| Other amounts payable | 47/48 | €24,700 | €109,980 | +€85,280 | +345.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €96,700 | €85,005 | -€11,695 | -12.1% |
| Other operating charges | 640/8 | €4,461 | - | -€4,461 | |
| Non-recurring operating charges | 66A | - | €31 | +€31 | |
| Gross operating margin | 9900 | €56,332 | €67,140 | +€10,808 | +19.2% |
| Operating profit (loss) | 9901 | €51,871 | €67,108 | +€15,237 | +29.4% |
| Financial income | 75/76B | €4 | €1 | -€3 | -72.2% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -72.2% |
| Financial charges | 65/66B | €3,254 | €982 | -€2,272 | -69.8% |
| Recurring financial charges | 65 | €3,254 | €982 | -€2,272 | -69.8% |
| Profit (loss) for the period before taxes | 9903 | €48,621 | €66,128 | +€17,507 | +36.0% |
| Income taxes | 67/77 | €14,507 | €19,259 | +€4,752 | +32.8% |
| Profit (loss) for the period | 9904 | €34,114 | €46,869 | +€12,755 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,114 | €46,869 | +€12,755 | +37.4% |
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 8 October 2026 via checked.be.