QUALAB: 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.
QUALAB
Largest movements
- Receivables within one year -€24,559
down €24,559 (-54.1%), from €45,393 to €20,833
of which Trade receivables: -€21,305
- Cash +€20,510
up €20,510 (+7.7%), from €267,214 to €287,723
mainly Receivables within one year (+€24,559) and Depreciation (+€9,966)
- Tangible fixed assets -€9,183
down €9,183 (-69.9%), from €13,136 to €3,953
of which Furniture and vehicles: -€9,981
- Trade debts -€4,755
no longer reported in 2025 (was €4,755)
- Other debts -€4,605
down €4,605 (-24.8%), from €18,560 to €13,955
- Profit (loss) carried forward -€4,521
down €4,521 (-2.7%), from €165,609 to €161,088
- Taxes +€46,754
up €46,754, from -€46,754 to €0
- Turnover +€12,800
up €12,800 (+230.1%), from €5,564 to €18,364
- Gross operating margin +€10,179
up €10,179, from -€7,659 to €2,520
- Purchases and services +€2,621
up €2,621 (+19.8%), from €13,222 to €15,843
- Financial income +€2,356
new in 2025: €2,356
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 | €326,153 | €312,509 | -€13,643 | -4.2% |
| Fixed assets | 21/28 | €13,546 | €3,953 | -€9,594 | -70.8% |
| Intangible fixed assets | 21 | €410 | - | -€410 | |
| Tangible fixed assets | 22/27 | €13,136 | €3,953 | -€9,183 | -69.9% |
| Plant, machinery and equipment | 23 | €1,561 | €2,359 | +€797 | +51.1% |
| Furniture and vehicles | 24 | €11,575 | €1,594 | -€9,981 | -86.2% |
| Current assets | 29/58 | €312,606 | €308,557 | -€4,050 | -1.3% |
| Amounts receivable within one year | 40/41 | €45,393 | €20,833 | -€24,559 | -54.1% |
| Trade receivables | 40 | €42,138 | €20,833 | -€21,305 | -50.6% |
| Other amounts receivable | 41 | €3,255 | - | -€3,255 | |
| Cash at bank and in hand | 54/58 | €267,214 | €287,723 | +€20,510 | +7.7% |
| Total equity and liabilities | 10/49 | €326,153 | €312,509 | -€13,643 | -4.2% |
| Equity | 10/15 | €289,043 | €284,522 | -€4,521 | -1.6% |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Capital | 10 | €36,000 | €36,000 | = | 0.0% |
| Issued capital | 100 | €36,000 | €36,000 | = | 0.0% |
| Reserves | 13 | €87,434 | €87,434 | = | 0.0% |
| Distributable reserves | 133 | €87,434 | €87,434 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,609 | €161,088 | -€4,521 | -2.7% |
| Amounts payable | 17/49 | €37,110 | €27,987 | -€9,122 | -24.6% |
| Amounts payable within one year | 42/48 | €37,110 | €27,987 | -€9,122 | -24.6% |
| Trade debts | 44 | €4,755 | - | -€4,755 | |
| Suppliers | 440/4 | €4,755 | - | -€4,755 | |
| Taxes, remuneration and social security | 45 | €13,795 | €14,033 | +€238 | +1.7% |
| Taxes | 450/3 | €13,795 | €14,033 | +€238 | +1.7% |
| Other amounts payable | 47/48 | €18,560 | €13,955 | -€4,605 | -24.8% |
| Turnover | 70 | €5,564 | €18,364 | +€12,800 | +230.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €13,222 | €15,843 | +€2,621 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,891 | €9,966 | +€74 | +0.8% |
| Other operating charges | 640/8 | €335 | €295 | -€40 | -11.9% |
| Gross operating margin | 9900 | -€7,659 | €2,520 | +€10,179 | |
| Operating profit (loss) | 9901 | -€17,884 | -€7,740 | +€10,144 | +56.7% |
| Financial income | 75/76B | - | €2,356 | +€2,356 | |
| Recurring financial income | 75 | - | €2,356 | +€2,356 | |
| Financial charges | 65/66B | €46 | €259 | +€213 | +458.9% |
| Recurring financial charges | 65 | €46 | €259 | +€213 | +458.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,931 | -€5,644 | +€12,287 | +68.5% |
| Income taxes | 67/77 | -€46,754 | €0 | +€46,754 | |
| Profit (loss) for the period | 9904 | €28,823 | -€5,644 | -€34,467 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,823 | -€5,644 | -€34,467 |
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 1 October 2026 via checked.be.